Tuesday, January 29, 2013

We’re in a Bond Bubble

Australian Business Sentiment Surges Strongly

Jan. 28 (Bloomberg) -- Australian business confidence rebounded by the most in more than a decade after the central bank’s sixth interest-rate cut in 14 months and U.S. lawmakers reached a budget deal, a private survey showed. Paul Allen reports on Bloomberg Television's "On The Move Asia."

Gerald Celente - Trends In The News

From gcelente

Russia to continue to buy Gold

Original source

DAVOS, Jan 24 (Reuters) - The Russian central bank will continue to buy gold as it seeks to diversify its foreign reserves away from paper assets it views as risky, First Deputy Chairman Alexei Ulyukayev said on Thursday.

The Bank of Russia has built up the world's fourth-largest foreign reserves, worth $530 billion, by buying oil export dollars to keep the rouble competitive. The hoard includes two rainy-day budget funds that guard against fiscal shocks.

The bank has also been a bullion buyer and the share of gold in its reserves is approaching a medium-term target of 10 percent, raising questions over whether it would keep buying gold.

Read more

GATA closing in on secrets behind gold cartel?

From Cambridge House

Chris Powell of GATA sits down with Bridgitte Anderson during the Cambridge House Vancouver Resource Investment Conference to chat about the Gold Anti-Trust Action Committee's efforts to flush out the truth behind the gold price.