Tag Archives: Deutsche Bank

It never ceases to amaze how vastly different the investment styles of gold paper vs physical traders are: while we have documented previously how the latter tend to buy progressively more the lower the price (as traditional “buy low, buy more lower” investing would suggest), “investors” in gold paper-derivatives such as ETFs and ETPs are quite the opposite: in fact, they rarely buy until someone else is buying and...

Gold Surges 15% To £968 Per Ounce – BREXIT Creates EU Contagion Risk – Sterling and euro have fallen sharply on fx markets– Gold bullion surged 20% in sterling to £1,015/oz– Gold now 15% in higher in GBP at £967 per ounce– Gold 8% higher in EUR and 5% higher in USD– Stocks globally are down sharply – FTSE down 9%– European stocks down sharply– Euro Stoxx 50 Futures collapsed over 11% at the open– Bank shares are down 20% to 25%– Cameron has resigned – adding to uncertainty in markets–...

One of the rising laments against NIRP is that far from forcing savers to shift from cash and buy risky (or less risky) assets, it has done the opposite. Intuitively this makes sense: savers expecting a return on the cash they have saved over the years are forced to save even more in a world of ZIRP or NIRP, as instead of living off the interest, they have to build up even more prinicpal. Jeff Gundlach confirmed as...

Submitted by Danielle DiMartino Booth via DiMartinoBooth.com, “Kings have long arms, many ears, and many eyes.” So read an English proverb dated back to the year of our Lord 1539. And thus was born an idiom that today translates to the very familiar Long Arm of the Law. It stands to reason that such a warning was born of feudal times when omnipotent and seemingly omnipresent monarchs personified the law, possessed...

Henning Gebhardt, Global Head of Equities bei Deutsche Asset Management. In manchen Schwellenländern sind die Gewinnerwartungen wieder gestiegen. Henning Gebhardt, Global Head of Equities bei der Deutschen AM, findet die Vorschusslorbeeren angesichts der wirtschaftspolitischen Herausforderungen allerdings für übertrieben. Wer angesichts der stürmischen Frühlingsrally der...

After yesterday's US and UK market holidays which resulted in a session of unchanged global stocks, US futures are largely where they left off Friday, up fractionally, and just under 2,100. Bonds fell as the Federal Reserve moves closer to raising interest rates amid signs inflation is picking up. Oil headed for its longest run of monthly gains in five years, while stocks declined in Europe. Treasuries retreated in the first full day of trading since Yellen said late Friday that the improving...

In the latest tragic news from the world of finance, earlier today Zurich Insurance, the largest Swiss insurer which employs 55,000 people and provides general insurance and life insurance products in more than 170 countries, reported that Martin Senn, the company's former chief executive officer who stepped down in a December reshuffle, has committed suicide. He was 59. Senn had been a long-time employee of the insurer, serving as its chief executive for six years before stepping down in...

Following the demise of the thousand year-long tradition of Swiss banking secrecy, crushed virtually overnight by Barack Obama's demands to make the central European nation's banking industry transparent, one of the major consequences was the shift in money laundering from Geneva and Zurich to the latest and greatest "anonymous" banking and tax evasion hub located halfway around the world, namely Singapore. And overnight, we got the first shot across the bow of the city state's "Swiss banking...

There is a paradox of capitalism, we’ve reached a point where those at the top, have an unlimited budget to maintain the status quo, increase their wealth, and develop an ever increasing sophisticated toolbox to manage empire and maintain their dominance.  As we explain in Splitting Pennies – this is no where more obvious than Forex.  The last 100 years we’ve seen capitalism evolve brightly.  Industries that shouldn’t be industries, now employ millions of workers. Paradigm shift,...

In an interesting interview with Finanz und Wirtschaft, Bianco Research president Jim Bianco discusses a variety of topics such as negative interest rates turning the entire credit process upside down, bank balance sheets being even more complex and concentrated than before the financial crisis, energy loans being an accident waiting to happen, the markets having veto power over the Fed, and gold having more room to run. * * * Mr. Bianco, negative interest are causing a lot of stir at the...