The G7, inexplicably, announced that member finance ministers would convene for a conference call this afternoon. No other details emerged, but this seemed a bit unusual on the heels of the most recent G20 meeting a couple weeks ago. The Wall Street Journal reports that: ”News of the conference call...
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Posts Tagged ‘ Gold/Euro ’
Et Tu, Spain? Et Al…
NFTRH86 Excerpt – Currency
Here is the ‘Wrap Up’ segment from the 15 page NFTRH86, which went in depth on a range of relevant issues currently facing financial markets:
Currency
Euro hype to the upside was expressed for years by touts who had presented a picture that it was just the big, bad USA alone that...
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European Gold Bull Party
As the Euro makes a panic spike down, Gold priced in Euros is ramping higher, acting as a perfect currency hedge and a much better one than the stock market. Here’s a 6 month chart of Gold priced in Euros thru today’s close (chart courtesy of goldprice.org):
Meanwhile, the European stock...
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Flight to Quality: Gold/Euro surges to new all time high
Not much to comment on this chart. The credibility of the central banks is running out.
Full year:
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IMF Doubles Inflation Target!
I grew up in Germany, a country that went through hyperinflation twice during the 20th Century. Maybe that’s the reason I learned inflation is bad and inflationary policies are diabolic....
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Another High for Euro-Denominated Gold
As the euro is plunging (and dollar by implication surging) with gold yet again flat and looking like it may turn positive for the day, gold denominated in euros just hit another all time record of €827.
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Chart of the Week from Daily Wealth
Another month goes by, and another new all-time high for gold. At least for Europeans.....
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What Happens to the Dollar When It’s Just Not Funny Anymore?
The demise of the euro and pound has been disguising the dollar’s troubles. But now that fig leaf is falling away....
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Ashraf Laidi: Gold Catching Down with Euro
Gold and Euro analysis from Ashraf Laidi.....
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Over-Arching Sovereign Debt Crisis
Neither the US financial press nor the US bank leaders take the sovereign debt crisis seriously. Even the USCongress seems totally unaware of the growing global intolerance for government debt out of control. The issue is rollover of short-term debt....
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