Commodity Trade Mantra

Posts Tagged ‘ECB QE’

Conspiracy Theory: A Greek Default Is Precisely What The ECB Wants

From an economic perspective, Greece shows “internal devaluation,” – which is a very polite way of saying plunging wages, labor costs, and generally benefits, including pensions. Goldman essentially says that it is in the ECB’s & Europe’s, best interest to have a Greek default – and with limited contagion at that – one which finally does impact the EUR lower.

Gold Up 11% In Euros This Year As Currency Wars Intensify

The dollar-centric nature of most financial media and the tendency to focus on gold solely in dollars would give one the impression that gold has been devastated this year. When measured against other currencies, gold has risen versus many major currencies & will continue to protect and grow wealth over the long term.

Gold and Silver Surge Over 8% In Jan On Reignited Global Risks

Gold’s 8.4% gain in January is its largest single month rise since 2012 and silver rose by 10.3% in dollar terms and by more in other currencies. Thus once again, gold bullion performed its role as a hedging instrument and a safe haven asset in January as the outlook became decidedly more uncertain – particularly in the Eurozone.

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