Commodity Trade Mantra

Posts Tagged ‘Credit Suisse’

Venezuela Begins Liquidating Its Gold

Venezuela’s primary export is oil, that has been slammed in recent months on tumbling oil prices. Venezuela faces a cash crunch following maturity of a 1 billion euro bond this month & coupon payments of $700 million in April. Its central bank is in talks with Wall Street banks to create a gold swap in exchange for $1.5 billion cash.

ECB: 4 QE Scenarios & Why Waking From QE Dream May Be Worst Possible Outcome

Credit Suisse believes that these are four potential scenarios for ECB sovereign bond purchases (QE). It will be truly ironic if the one event that terminally crushes the Eurozone will be the implementation of the one ECB act that everyone, and certainly tenured economists and other quasi-pundits, have been hoping for since 2012.

12 Largest Banks Sued By Public Retirement Funds For "Conspiring To Rig Global FX Markets"

A group of investors across the U.S. and Caribbean, including city and state pension plans have filed a joint lawsuit against 12 banks (All the Too Big To Prosecute banks) for “allegedly conspiring to rig global foreign-exchange prices.” Allegedly? Hasn’t everyone read the Cartel chatroom transcripts yet?

It Is Unanimous: Gold Remains the Most Hated Asset Class

While the debt ceiling farce is playing out, a full court press against gold has become visible in the media again, with mainstream sell-side analysts trying to out-bear each other – Never mind that none of them advised to buy gold when the bull market started.

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