Precious Metals Hit 3-Week Lows, ETFs “Could Sell Another 250 Tonnes of Gold”

Wholesale gold bullion prices fell to three week lows around $1410 an ounce Wednesday, as European stock markets ticked higher, reversing earlier losses following disappointing Eurozone growth data. Gold in Euros fell as low as €1094 an ounce, while gold in Sterling fell below £930 an ounce.

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Investors “In Great Danger” If They Don’t Own Gold, Warns Faber, as GDP Drop Sees US Fed Press On with QE

The price of gold held onto most of yesterday’s $15 jump at $1676 per ounce Thursday morning in London, ticking back as Asian and European stock markets fell after Wednesday’s surprise drop in US economic output figures.

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Despite all the doom & gloom the energy sector still looks attractive

A growing number of market analysts are predicting that the US economy is heading for recession and that stocks have begun a new bear market. Despite all the doom & gloom however, the energy sector still looks attractive.

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Recommended viewing: Overdose: The Next Financial Crisis

The majority of politicians and economists believe the financial crisis is behind us and that we’re on the road to recovery. Overdose: The Next Financial Crisis is an award winning documentary that tells the story of the greatest economic crisis of our age – the one that awaits us.

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Mervyn King’s “paradox of policy” could mean 15 more years of economic gloom

This article explores Mervyn King’s “paradox of policy” which describes policymaker’s need to balance short-term economic stimuli, with a long-term desire to transition to a truly healthy economy. It also assesses how far Britain has progressed in this transition.

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Is Financial Crime A Systemic Risk?

In his latest article Ron Hera discusses four scenarios in which the US dollar and financial system could collapse. Ron argues that financial crime undermines confidence and trust in the basic system and, once lost, the system can no longer be bailed out.

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Capitalism didn’t fail but it might as well have done

It is because so many people attribute the global financial crisis and subsequent economic downturn to the failure of capitalism that we are moving resolutely in the direction of socialism. The fact that we didn’t have capitalism doesn’t seem to matter to most people.

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