Tag: euro

Some Fundamental Thoughts Behind The Tragedy Of The Euro

Some Fundamental Thoughts Behind The Tragedy Of The Euro

Jeff Deist speaks to author Philipp Bagus in the interview which is available below. We highlight some extremely interesting quotes from the interview. The discussion is a must-listen for everyone who wants to understand the fundamental issue with the Euro.

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Current Euro Cycle Unlikely To Move Higher

| December 2, 2013 | Category: Money & Currency
Current Euro Cycle Unlikely To Move Higher

Since it’s extremely unlikely the Euro is in Week 3 of a new Investor Cycle, our expectations must be for the Euro to fall immediately from this point. The Daily Cycle does not support further upside here, as a Left Translated DC is necessary for a drop into a mild Euro ICL.

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The US Dollar, The Euro and Their Influence on Gold Prices

| November 6, 2013 | Category: Price
The US Dollar, The Euro and Their Influence on Gold Prices

When trying to analyze the future direction of gold it is now critically important that we include the currency war, as this arena in dollar terms, dwarfs many of the other considerations. Try not to ignore the actions of our political masters and the central planners as their words and actions will impact upon currency gyrations, which will spill over into the precious metals market.

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Gold Has Been Riding The Euro Rollercoaster – Will It Continue?

Gold Has Been Riding The Euro Rollercoaster – Will It Continue?

This article describes Gold’s relationships with other currencies and how things have played out over the past year. Investors are always on the lookout for meaningful correlations that repeat over time. Gold investors have learned to follow closely the ratio between Gold and Silver prices for insights about what the future might bring. Over the past year, however, currencies have been a good “bellwether”, especially the Euro, which has been on a rollercoaster ride for the previous twelve months.

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The Tragedy Of The Euro! What About Germany?

| November 10, 2012 | Articles: Insights
The Tragedy Of The Euro! What About Germany?

This article is written by Brecht Arnaert who is the editor of www.safecapital.eu, an in-depth newsletter for preservation of capital, with the support from Global Gold. 2012 has been a year of great turmoil for the euro. But our economy is not the only thing that is in crisis. Our economic theory is too, and even more so: for decades macro-economic policy has been conducted within a Keynesian framework, and while no Keynesian economist has predicted this crisis, or even is able to explain it’s causes, we are still listening to them today to get out of the mess they brought us into. I would say that this is a problem of […]

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Gold Wars revisited

| October 5, 2012 | Articles: Insights
Gold Wars revisited

The following is an essay version of a speech given by Spanish trader and economist Felix Moreno de la Cova, at a recent event in Madrid to mark the publication of the Spanish version of Gold Wars by the late Ferdinand Lips. GoldMoney would like to thank the Asociación Española de Metales Preciosos and Barbara Lips of the Lips Institute for their work on this project. The sadly departed Ferdinand Lips left us an astounding legacy with this jewel of a book. It sends a powerful message that our political and banking elite would do well to remember, and is even more relevant now in light of current events. Lips was a private Swiss banker and a […]

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The Bottom Line on Gold, the Dollar, and the Euro

| September 15, 2012 | Articles: Insights
The Bottom Line on Gold, the Dollar, and the Euro

By Louis James, Casey Research One of the points we’ve made several times over the last year is that traders stuck in an old paradigm are frequently selling gold for the wrong reasons. The most egregious (or just plain silly) example is that gold often drops when the euro drops. This happens, not because there’s anything wrong with gold at such times, but because gold is priced in dollars. Instead of being thought of as a store of value in many investors’ minds, gold is viewed as a hedge against weakness in the dollar. But what are dollars priced in? Nothing, actually. Purchasing power is the underlying reality any “price” […]

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Richard Russell: Get Rid Of Debt & Prepare For Tough Times

With continued uncertainty in global markets, the Godfather of newsletter writers, Richard Russell, issued the following warning: “This is the time to cut back on needless expenses — get rid of all the debt you can, and prepare for tough times.  I don’t like the utter calm and complacency that I see today.  The last few generations can’t conceive of drastic changes and hard times.” Richard Russell continues: “Deluxe restaurants are still full at dinner time, and people are still taking their families to expensive, fun places like Disneyland.  The only real signs of change are the ‘sale’ and ‘for rent’ signs that seem to be everywhere.  This bear market is going […]

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Euro News Is Shot in the Arm for Gold Prices but Gold Took a Breather in First Half of 2012

Euro News Is Shot in the Arm for Gold Prices but Gold Took a Breather in First Half of 2012

Gold Prices rallied as high as $1584 per ounce ahead of Friday’s US trading – 2.3% up on the previous day’s low – while stocks, commodities and the Euro also gained following news of an “important” agreement at the European Union summit in Brussels. Silver Prices climbed to $27.38 by lunchtime in London – a 4.6% gain on yesterday’s low. “Resistance [for Gold Prices ] is at the top of the past week’s range in the $1587-88 area,” says technical analysts at bullion bank Scotia Mocatta, who add that further resistance is seen at $1625. News of an agreement among European leaders on the use of bailout funds “”has been […]

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Doug Casey: A Eurocrash Is Baked in the Cake

In an interview with Louis James, world traveler and legendary speculator Doug Casey makes a compelling case for becoming a “permanent tourist” to be best able to survive the coming economic crash. Louis James: So Doug, you’re off to FreedomFest 2012 shortly, where people will be able to hear your latest thoughts on many subjects. Maybe you can give us a sneak preview on whatever is uppermost on your mind today. Doug: FreedomFest should be especially outrageous, since I’ll be tag-teaming with my friend Jeff Berwick of the Dollar Vigilante for a featured lunch. I’m not sure exactly what topics we’re going to discuss, but I hope we aren’t prosecuted […]

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Euro to Surge

Euro to Surge

The fortunes of Europe’s beleaguered euro currency have been heavily influencing US markets. Both stocks and commodities have been battered down recently by overwhelming euro bearishness. This has proven seriously vexing for traders trying to focus on fundamentals. But the extreme euro pessimism worrying everyone is actually very bullish. This loathed, oversold currency is due to surge again. Today of course the great fear plaguing the euro is centered around Greece. This profligate, unrepentant debtor nation seems hellbent on not honoring its commitments to the rest of Europe which could force its exit from the eurozone. And though Greece’s economy is immaterial relative to greater Europe’s, traders are worried Greece […]

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Currency collapse dynamics

| May 20, 2012 | Articles: Insights

The reason we accept paper money as a store of value is habit. This habit has its origins in history, when banks took our gold as deposit and issued paper receipts for it. The gold has gone, but the paper with its habitual value remains, and we accept it without question. The only backing is a vague government promise. There is no sound theoretical basis for why unbacked government-issued money should retain a store of value: it depends for its value on a market-based acceptance of financial credibility. So it follows that if a government loses all financial credibility in markets, its paper becomes worthless. This is confirmed by experience […]

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Bad News for the Euro

Bad News for the Euro

Last Augst the Euro was in a “compressed” state, writes Brian Hunt for Steve Sjuggerud’s Daily Wealth. This is a situation where an asset’s day-to-day volatility gradually dries up and the highs and lows move closer together. These low-volatility periods are often the calm before a storm. The Euro then suffered a huge decline…and the “Euro debt crisis” dominated the financial news. The Euro’s decline took it from $1.44 to $1.26 (a huge move for a major currency). After such a huge fall, it was only natural to see the Euro stage a “relief” rally. As you can see from the chart, this rally allowed the Euro to make back some of its […]

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Gold Prices fall after weak Greek reforms rejected

Gold Prices were heading for their second weekly fall Friday lunchtime in London, as they drifted down towards $1700 per ounce following European ministers’ rejection yesterday of the latest austerity proposals from Greece. Silver Prices also traded lower, hitting $33.27 per ounce – 1.4% down on last week’s close. Stocks, commodities and the Euro all fell, while the Dollar gained along with prices for major nation government bonds. “Gains in the US Dollar and consistent disappointment from the European Union regarding the Greece debt deal are curbing any gains in gold,” reckons Pradeep Unni, senior analyst at commodity brokerage Richcomm Global Services in Dubai. “People are just throwing in the towel because […]

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