Zero Hedge

Marc Faber: “Gold Is Quite Oversold. I Will Consider Buying Gold Over The Next Two Days”

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Anyone trading gold and silver most likely had a heartattack this morning. Of that subset, anyone who survived and traded with conviction made a killing, following an impressive surge in both metals, which saw silver soar from $26 all the way back to $30, after it was made clear that there was no behind the … Continue reading “Marc Faber: “Gold Is Quite Oversold. I Will Consider Buying Gold Over The Next Two Days””

China Prepares To Export More Inflation Back To US As It Announces Hikes In Commercial Electricity Prices

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  So much for the interesting theory presented a few days back from Bernstein that one contrarian response from China to its electricity shortage problem is not to hike prices but instead to slow down its economy by pushing the margin producers out and allow the economy to slow down on its own. As a … Continue reading “China Prepares To Export More Inflation Back To US As It Announces Hikes In Commercial Electricity Prices”

World Bank Sees Dollar Reserve Status Ending Over Next Decade

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In a report released yesterday titled “Multipolarity: The New Global Economy“, that other “bailout” organization, the World Bank, says that due to the developing world’s pronounced greater growth curve through 2025 (expected to grow at 4.7% compared to 2.3% for the developed countries), the outcome will be that “The balance of global growth and investment … Continue reading “World Bank Sees Dollar Reserve Status Ending Over Next Decade”

Steve Forbes: “The US Will Likely Have A Gold Standard Within The Next Five Years”

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And another advocate for the only logical outcome out of the disastrous monetary and fiscal catastrophe the US finds itself in emerges in the face of billionaire, and open administration critic, Steve Forbes. From Human Events: “A return to the gold standard by the United States within the next five years now seems likely, because … Continue reading “Steve Forbes: “The US Will Likely Have A Gold Standard Within The Next Five Years””

Bill Gross Is Now Short US Debt, Hikes Cash To $73 Billion, An All Time Record

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  A month ago, Zero Hedge first reported that Bill Gross had taken the stunning decision to bring his Treasury exposure from 12% to 0%: a move which many interpreted as just business, and not personal: after all Pimco had previously telegraphed its disgust with US paper, and was merely mitigating its exposure. This time, … Continue reading “Bill Gross Is Now Short US Debt, Hikes Cash To $73 Billion, An All Time Record”

Coeur d’Alene CEO Sees Gold At $1,500, Silver In Mid-$40s “This Year” As Pan American Silver Reduces Production Forecast

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  That a CEO of a silver miner sees precious metals prices rising, especially on a day like today when silver hit a new 31 year high (and gold is at a record) is not surprising. Especially since that is precisely what happened: “The head of U.S. silver miner Coeur d’Alene Mines Corp said on … Continue reading “Coeur d’Alene CEO Sees Gold At $1,500, Silver In Mid-$40s “This Year” As Pan American Silver Reduces Production Forecast”

JPMorgan: “The Likelihood That The Portuguese Government Will Fall This Week Looks High”

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  There has been a lot of speculation about just what the JPMorgan note that claims the Portuguese government can fall as soon as tomorrow, says. The speculation can now end. “The likelihood that the Portuguese government will fall this week looks high. This suggests that the sovereign will likely access the EFSF in the … Continue reading “JPMorgan: “The Likelihood That The Portuguese Government Will Fall This Week Looks High””

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