|
zondag, 02 mei 2010 12:49 |
|
In the Middle Ages alchemists toiled in vain to transmute lead into gold. One wonders why they used such an expensive starting material, such as lead, when modern alchemists in the gold world have succeede
d in transmuting paper into gold. This article reveals the anatomy of a scam that has been perpetrated on investors and goes a long way to explain and tie together developments in the precious metals markets in recent years.
As many readers may know, I have recently been reporting on how delivery notices at the COMEX cannot be reconciled with movements of metals from and into the warehouse. Clearly these are not going to match on a daily basis, just as orders into a factory will not match shipments out on any given day, as there is a time lag. But when averaged over a month, the "flow" of metal inventory should be comparable to the delivery notices issued. This is just basic accounting. But I have observed that reconciliation is almost impossible with the COMEX data. The only explanation I could think of is that settlement of contracts must be bypassing the warehouse. But how could this be possible, as I thought all contracts had to be delivered via a COMEX registered warehouse?
|
|
Lees meer...
|
|
|
donderdag, 27 augustus 2009 00:00 |
|
by Egon von Greyerz – Matterhorn Asse
t Management
This month we will discuss what is likely to be a major change both in sentiment and in the economy in the next few months. The autumn of 2009 will be full of shocking surprises in the banking sector, in financial markets and in the world economy. The events that we outlined in our previous newsletter, “The Dark Years Are Here” are going to start unfolding. There will also be shocking falls in stockmarkets, in the dollar and in bond markets. But these falls will create major opportunities for investors which we will also discuss.
The syndrome of hope and false expectations
Some readers might feel that we are prophets of doom and that there is only gloomy news coming out of Matterhorn Asset Management. For people who want only good news we suggest that you listen to politicians or read the newspapers or your average stockbroker’s forecast. This is where you find the good news. But if you do listen to these people, remember that virtually nobody warned you about the events in the last couple of years, and that today most of these people are saying that the worst is over. And this is also what stockmarkets are telling us, isn’t it? These “optimists” whether they are politicians, bankers or from the media all make their living based on good news and this is why they will continually tell you lies and never warn you about the risks.
|
|
Lees meer...
|
|
Sarkozy: Dollar kan geen reservemunt blijven |
|
woensdag, 26 augustus 2009 00:00 |
|
By Gabrielle Parussini
Dow Jones Newswires
via Nasdaq.com
Wednesday, August 26, 2009
http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=20090826...
PARIS -- French President Nicolas Sarkozy said Wednesday that the dollar can't remain the world's only reserve currency, as the rise of emerging powers such as China and Russia challenge the U.S.'s prominence.
"The political and economic reality of a multipolar world will have to find sooner or later a translation on the monetary level," Sarkozy told foreign ambassadors, gathered for a yearly reception at the Elysee Palace. "A multipolar world can't count upon one currency only."
Sarkozy also said that he won't allow the euro to be the only currency to bear the weight of foreign exchange market adjustments as has happened in the past. |
|
|
|
|
<< Start < Vorige 1 2 3 4 5 Volgende > Einde >>
|
|
Pagina 1 van 5 |
