Bank of England Holds 4700 Tons of Gold

Stumbled on the value of gold the BOE holds on custodial basis from a link in a Golden Sextant article. Unfortunately, the annual reports only list gold value from 2005 onwards (note that BOE financial year end is 28 Feb): Year, GBP value, ounces (based on GBP london PM fix on 28 feb) 2005, . . . → Read More: Bank of England Holds 4700 Tons of Gold

Random Shots for June 2, 2010

Turning back the Clock on Global Monetary Policy

Sovereign risk and debt continues to mark the fault lines in the global macro landscape and thus the main discourse. In this context and although the technical recovery is still a reality the discourse has started to move into a decidedly bearish mood. I find . . . → Read More: Random Shots for June 2, 2010

Economic Events on June 2, 2010

The figures for motor vehicle sales in May will be released today.  The consensus estimate is that 8.9 million autos were sold last month, which would be the an increase of 400,000 autos sold compared to April.

The Mortgage Bankers’ purchase index was released at 7:00 AM EDT, and there was a week to . . . → Read More: Economic Events on June 2, 2010