Friday, February 27, 2015

Weekend Chillout - Frances Madden

Looking forward to catching up with my jazz friend Frances Madden tonight in Sydney for some 50's & 60's jazz, plus a few of her lush tunes. Wishing all a chilled weekend.

Alan Greenspan - "Effective demand is extraordinarily weak - tantamount to the late stages of the great depression"

From Zero Hedge

David Quintieri - Proxy Wars, Economic War & WWIII

From SGTreport.com

Davids site: https://TheMoneyGPS.com/ 

Sunday, February 22, 2015

Kung Hei Fat Choi

Happy Lunar New Year to all my followers. Sorry the video below is a few years old but it was the best one I could find with a Sydney feel. If you want to view this year's Sydney Chinese New Year Twilight Parade it is on from 8pm tonight (Sunday), details here



Tweet of the Week


Friday, February 20, 2015

Marc Faber - Is Gold making a return in the New Year?

From Boom Bust

Published on Feb 12, 2015

During times of turmoil, people tend to pile into to safe haven assets. And many people’s favorite safe haven asset always has been and always will be gold, which is having a mixed year. Global demand for gold has hit a four-year low. However, thanks to turmoil in the Eurozone, gold has bounced back more than 3% this year after falling 28% the previous two years. Erin weighs in.

Then, Erin sits down with Marc Faber – editor and publisher of the Gloom, Boom & Doom Report and director of Marc Faber Ltd. Marc tell us what he why he believes this is the year that people will lose confidence in central banks. He also gives his usual nod to buying physical gold outside of the United States.


Keiser Report: Global Market For Conflict

From RT

Published on Feb 19, 2015

Max Keiser and Stacy Herbert discuss the new Blackwater world order in which corporations employ and deploy mercenaries to enforce their extrajudicial TTIP 'rights' over sovereign nations of non-corporate person-peasants. In the second half, Max continues his interview with Mitch Feierstein of Planet Ponzi.com about the Carney effect on the Canadian dollar and the velocity of money. Mitch also has a chart, the most important chart the audience will ever see and that is the gold price chart. He tells the Keiser Report what it means for the future of monetary policy and our economies.


Thursday, February 19, 2015

GSR interviews Steven Leeb

From GoldSeek.com Radio

Published on Feb 13, 2015

GoldSeek Radio's Chris Waltzek talks to Dr Steven Leeb http://www.leeb.com/

Happy Lunar New Year


Tuesday, February 17, 2015

Platinum Bugs Should Love Thieving Fighting Politicians

Yet again South Africa is shown to be a collection of clowns in search of a circus, and these strugglers have 80% of the world's accessible Platinum? Why would any company invest capital to expand or develop new platinum or gold mines in a country like this?

Monday, February 16, 2015

Golden Eye - Indian Style

Maybe inspired by the James Bond film "Golden Eye" an Indian contact lens firm has created Eye Jewellery containing 999,9 (24ct) gold.

From RuptlyTV

Sunday, February 15, 2015

David McAlvany - Gold and Silver are Money, and will remain so

From SGTreport.com

Tweet of the Week


Keiser Report: Buddhas on Black Market

From RT

Published on Feb 12, 2015

In this episode of the Keiser Report, Max Keiser and Stacy Herbert with a double-header of Stacy episode explaining that: “if you see the Buddha on the side of the road, try to sell him on the black market.” They compare the US and UK economies to the 200 year old shrivelled up mummy of a former monk which is hailed as nearing a state of nirvana by the experts. They look at the real world where the Baltic Dry Index is lowest in its history, wages and productivity were divorced in 1971 and where the UK trade deficit is the worst in 300 years.

Saturday, February 14, 2015

Weekend Chillout - Valentines Day

Happy Valentines Day to all my followers.



Wednesday, February 11, 2015

No US Rate Hike till mid-2016?

Be afraid, very afraid.....

Eric Sprott: Expect Physical Gold Backing of Currencies Within Next Decade

From Sprott US Media

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Four Years on and Nothing has Changed - European Debt Crisis

From ClarkeAndDawe

"Roger, Financial Consultant" Originally aired on ABC 7:30 Report, 20/05/2010


Boom Bust - Has Greece had its ‘Lehman Moment’?

From Boom Bust

'Truth always has a way of coming out' - CIA torture whistleblower John Kiriakou

From RT

Published on Feb 10, 2015

The man who first lifted the lid on the CIA's torture programme - John Kiriakou - has been released from prison. He spent 2.5 years in prison - for passing classified information to journalists. RT talks to the whistleblower.


Tuesday, February 10, 2015

Alasdair Macleod - Russian & Chinese Gold: A Financial Nuclear Weapon

From SGTreport.com


Gartman says to be long Gold short the Euro

Jean-Marie Eveillard - Legendary Value Investor

From WealthTrack

Published on Feb 6, 2015

An exclusive interview with legendary value investor Jean-Marie Eveillard, who was named Morningstar’s International Manager of the Year in 2001 and received its first Fund Manager Lifetime Achievement Award in 2003. A self-described value investor for 50 years, he is known for his meticulous stock research, cautious, contrarian views and emphasis on avoiding lasting losses for his shareholders. He’s able to share his personal views on investing, the markets and strategy now that he has retired from active management and is Senior Advisor at First Eagle Funds.

Monday, February 9, 2015

Bill Murphy and Ed Steer on the Fed

From Cambridge House

Quote of the Week

Quality is never an accident.
It is always the result of intelligent effort
 ~ John Ruskin

http://youtu.be/C1q-kfgfYXc

Clarke and Dawe - Dr Dawe does an excellent job here

From ClarkeAndDawe

Published on Feb 4, 2015"An Australian who is concerned about his pet." Originally aired on ABC TV: 05/02/2015

Sunday, February 8, 2015

Keiser Report: Greece, Beware Bureaucrats & Bankers Bearing Bailouts

From RT

Published on Feb 7, 2015

In this Keiser Report, Max Keiser and Stacy Herbert warn Greece to beware bureaucrats and bankers bearing bailouts.

In the second half, Max continues with the second part of his interview with Kerry-Anne Mendoza about her new best selling book, “Austerity: The demolition of the welfare state and the rise of the zombie economy.”

Islamic State Invites War, France-Germany Try to Avoid War

From Greg Hunter

Weekend Chillout - Don't Know Why

Don't know why anyone believes in the US government labour stats, tens of thousands have lost their jobs in the nascent shale oil industry but still the headline unemployment rate remains below the magic 6%. So the market sees that as a positive and sells off gold. Go figure.

Thursday, February 5, 2015

Belgium to Repatriate its Gold from London?


MOSCOW, February 4 (Sputnik) — Belgium is planning to retrieve 200 metric tons of gold, deposited to United Kingdom storage in the 1930s, Belgian public broadcasting organization RTBF said Wednesday. The date of the retrieval operation is being kept secret for security reasons, according to RTBF. A navel ship will tranport the ingots to Belgium.

The value of the gold is estimated at $7 billion.

Read more: http://sputniknews.com/europe/20150204/1017789475.html#ixzz3Qpxc0Crd

Tuesday, February 3, 2015

Australian Reserve Bank Lowers Cash Rate 0.25%

The RBA has just lowered the Cash Rate by 0.25% to 2.25%. As a result the AUD:USD exchange rate has fallen to 77c, Gold (in AUD) and the ASX have spiked.



Media Release
Number 2015-01
Date 3 February 2015
Embargo For Immediate Release

Statement by Glenn Stevens, Governor: Monetary Policy Decision

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.25 per cent, effective 4 February 2015.

Growth in the global economy continued at a moderate pace in 2014. China's growth was in line with policymakers' objectives. The US economy continued to strengthen, but the euro area and Japanese economies were both weaker than expected. Forecasts for global growth in 2015 envisage continued moderate growth.

Commodity prices have continued to decline, in some cases sharply. The price of oil in particular has fallen significantly over the past few months. These trends appear to reflect a combination of lower growth in demand and, more importantly, significant increases in supply. The much lower levels of energy prices will act to strengthen global output and temporarily to lower CPI inflation rates.

Financial conditions are very accommodative globally, with long-term borrowing rates for several major sovereigns reaching new all-time lows over recent months. Some risk spreads have widened a little but overall financing costs for creditworthy borrowers remain remarkably low.

In Australia the available information suggests that growth is continuing at a below-trend pace, with domestic demand growth overall quite weak. As a result, the unemployment rate has gradually moved higher over the past year. The fall in energy prices can be expected to offer significant support to consumer spending, but at the same time the decline in the terms of trade is reducing income growth. Overall, the Bank's assessment is that output growth will probably remain a little below trend for somewhat longer, and the rate of unemployment peak a little higher, than earlier expected. The economy is likely to be operating with a degree of spare capacity for some time yet.

The CPI recorded the lowest increase for several years in 2014. This was affected by the sharp decline in oil prices at the end of the year and the removal of the price on carbon. Measures of underlying inflation also declined a little, to around 2¼ per cent over the year. With growth in labour costs subdued, it appears likely that inflation will remain consistent with the target over the next one to two years, even with a lower exchange rate.

Credit growth picked up to moderate rates in 2014, with stronger growth in lending to investors in housing assets. Dwelling prices have continued to rise strongly in Sydney, though trends have been more varied in a number of other cities over recent months. The Bank is working with other regulators to assess and contain economic risks that may arise from the housing market.

The Australian dollar has declined noticeably against a rising US dollar over recent months, though less so against a basket of currencies. It remains above most estimates of its fundamental value, particularly given the significant declines in key commodity prices. A lower exchange rate is likely to be needed to achieve balanced growth in the economy.

For the past year and a half, the cash rate has been stable, as the Board has taken time to assess the effects of the substantial easing in policy that had already been put in place and monitored developments in Australia and abroad. At today's meeting, taking into account the flow of recent information and updated forecasts, the Board judged that, on balance, a further reduction in the cash rate was appropriate. This action is expected to add some further support to demand, so as to foster sustainable growth and inflation outcomes consistent with the target.
Enquiries:

Media Office
Information Department
Reserve Bank of Australia
SYDNEY
Phone: +61 2 9551 9720
Fax: +61 2 9551 8033
E-mail: rbainfo@rba.gov.au

Why are the Russian's Buying Gold?

Boom Bust - Greece's new FM: What is so 'radical' about Yanis Varoufakis that scares the EU?

From Boom Bust

Monday, February 2, 2015

Sunday, February 1, 2015

WEF Davos 2015 Hub Culture Interview Robert Johnson of the Institute for New Economic Thinking

The elites are running scared.....

Weekend Chillout - Cheek to Cheek

Well this week saw out the month, and what a month it was. The Swiss lied and de-pegged, the ECB hit Ctrl-P and plucky silver for Aussie investors managed to regain all of 2014's losses. Basically heaven all round for precious metal investors.