Edward Karr Sees Opportunities in Gold: Under the Mattress and in the Ground

According to Edward Karr, CEO of RAMPartners, the band is tuning up and the guests are just starting to arrive. Instead of selling before the party really gets going, he advises keeping a “decent percentage” of cash to take advantage of opportunities to buy both physical gold and junior mining stocks. His real . . . → Read More: Edward Karr Sees Opportunities in Gold: Under the Mattress and in the Ground

A Fofoarain take on the swiss move

The Swiss National Bank press release: “The current massive overvaluation of the Swiss franc poses an acute threat to the Swiss economy and carries the risk of a deflationary development.” The Fofarian rephrase: “Too many people are trying to store value in our currency, which is distorting it’s role as a medium of exchange. We’d rather . . . → Read More: A Fofoarain Take on the Swiss Move

Random Shots - No Light at the End of the Tunnel?

One of the stories that caught my attention this week was the Bloomberg piece about how banks in London and New York are starting to jump ship on the old finance hubs due to fear of effects from planned regulatory tightening.

Quote Bloomberg

Banks in Europe are exploring ways to cut costs by routing . . . → Read More: Random Shots – No Light at the End of the Tunnel?

The Swiss Hammer

The cage fight between the SNB and FX speculators continue with the most recent round seeing the SNB coming out fists flying aiming for a knock-out.

Quote Bloomberg

The Swiss central bank said it’s setting a minimum franc exchange against the euro and will defend the target with the “utmost determination” if needed.The . . . → Read More: The Swiss Hammer

A Run On Eurozone Banks?

The Calafia Beach Pundit raises an interesting question in relation to the recent surge in the US money supply which he suggests might be a reflection of a scramble into USD assets. More specifically, the argument would seem to be that a silent run on European banks is in the works as money is . . . → Read More: A Run On Eurozone Banks?