Tag Archives: Featured

Summary: Purchases increased for longer but at a lower level; overall, more purchases than anticipated. Euro spiked higher on the announcement, but has subsequently dropped 2 cents. Lower inflation forecast for 2019 shows scope for a further extension. Mario Draghi - Click to enlarge The ECB announced it would extend its asset purchases from April through December next year, but at a modestly slower pace of 60...

Physical gold located in Hong Kong and London is used to settle COMEX gold futures contracts through “Exchange For Physical” trading in the over-the-counter market. This post is a sequel to Understanding GOFO And The Gold Wholesale Market and COMEX Gold Futures Can Be Settled Directly With Eligible Inventory – in which Exchange For Physical (EFP) trading is explained and how it can increase or decrease open interest at...

Physical gold located in Hong Kong and London is used to settle COMEX gold futures contracts through “Exchange For Physical” trading in the over-the-counter market. This post is a sequel to Understanding GOFO And The Gold Wholesale Market and COMEX Gold Futures Can Be Settled Directly With Eligible Inventory – in which Exchange For Physical (EFP) trading is explained and how it can increase or decrease open interest at...

Physical gold located in Hong Kong and London is used to settle COMEX gold futures contracts through “Exchange For Physical” trading in the over-the-counter market. This post is a sequel to Understanding GOFO And The Gold Wholesale Market and COMEX Gold Futures Can Be Settled Directly With Eligible Inventory – in which Exchange For Physical (EFP) trading is explained and how it can increase or decrease open interest at...

Richemont’s plan to slash 210 watchmaking jobs in Switzerland is sending shockwaves from Geneva to some of the country’s remote mountain villages, the cradle of high-end watch manufacturing. In Le Sentier, a town perched in the middle of the Jura mountain range, straddling the border between France and Switzerland, some 400 people protested Thursday against plans to cut the workforce of Vacheron Constantin and Piaget....

Von Adam Dick (Ron Paul Institute) – Das libertäre Sprachrohr Ron Paul gab kürzlich in einem Radiointerview Ratschläge für junge Menschen: “Sie sollten wissen und verstehen, dass es Alternativen zur aktuellen Situation gibt. Sie sollten wissen, um was es bei der freien...

Marc Chandler - Click to enlarge Tired of reading what analysts are saying? Here is a 4.3 minute video clip of my discussion earlier today on Bloomberg TV about the outlook for tomorrow’s ECB meeting. The discussion covers various aspects of the ECB’s decision. There does seem to be a broad consensus, which is always a good news/bad news story. Last December, you may recall there also was a consensus, and although...

Marc Chandler - Click to enlarge Tired of reading what analysts are saying? Here is a 4.3 minute video clip of my discussion earlier today on Bloomberg TV about the outlook for tomorrow’s ECB meeting. The discussion covers various aspects of the ECB’s decision. There does seem to be a broad consensus, which is always a good news/bad news story. Last December, you may recall there also was a consensus, and although...

If you want to understand today’s populism, don’t look to the mainstream media’s comically buffoonish propaganda blaming the Russians: look at the four issues listed below. One of the most disturbing failures of the mainstream media in this election cycle was its complete lack of historical context for Trump’s brand of populism.If you consumed the mainstream media’s coverage of the campaign and election, you noted their...

Summary: ECB will likely extend asset purchases in full. It may modify the rules by which it buys securities. It may adjust the rules of engagement for its securities lending program. The ECB meets tomorrow. The meeting is live in the sense that the central bank is widely expected to take fresh actions, ostensibly backed by new staff forecasts. There are three broad areas that the ECB is expected to address....