Archive for November, 2016

India’s demonetization campaign is not going as expected. Overnight, banks played down expectations of a dramatic improvement in currency availability, raising the prospect of queues lengthening as salaries get paid and people look to withdraw money from their accounts the Economic Times reported. While much of India has become habituated to the sight of people […]

Nov 30, 2016

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by: admin

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Tags: India, Money

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Categories: Civil Unrest, Crypto Currency, Economy, Government

Police released footage on Tuesday of what may be the luckiest theft in recent history. In the clip, a man brazenly swipes an 86-pound bucket full of gold worth $1.6 million from the back of an unattended armored truck on West 48th Street in the Diamond District on Sept. 29, in broad daylight, as tourists […]

Nov 30, 2016

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by: admin

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Tags: Police

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Categories: Crypto Currency, Geopolitics, Gold, Precious Metals

Companies fail for all sorts of reasons – changing political climate, controversy, lack of consumer interest, technology, the list goes on … But the real shockers are when the companies you grew up with call it quits. Or when the high-profile startups that the media said would never fail, fail. These are the companies that […]

Defying numerous skeptics, today’s historic OPEC decision to cut production, a first since 2009, marks a clear turning point in cartel, and especially Saudi Arabian, politics: individual country quotas have been allocated to all members, a third-party production verification process has been established, and the world’s largest crude oil producer Russia has committed to freeze […]

Nov 30, 2016

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by: admin

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Tags: Iran, Libya, Nigeria, Oil, OPEC, Russia, Saudi Arabia

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Categories: Crypto Currency, Energy, Politics

Barely having confirmed he will be Donald Trump’s nominee for Treasury Secretary, Steven Mnuchin proceeded to roil the bond market when the former Goldman banker told CNBC he would look at extending the maturity of future Treasury issuance, hinting at 50 and 100 Year bonds, which promptly sent long-term US bond yields surging by the […]

Just a day after Goldman COO Gary Cohn unexpectedly met with Donald Trump, he is now said to be “weighing a future outside the firm” the WSJ reports. According to Dow Jones, the bank’s “Number 2”, who met with Trump on Tursday, has had conversations in recent months about leaving the bank. As reported yesterday, […]

Nov 30, 2016

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by: admin

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Tags: Donald Trump

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Categories: Crypto Currency, Economy, Politics, Precious Metals, Silver

While this should come as a shock to precisely no one other than some disaffected Hillary supporters who were hoping for a miracle, Jill Stein’s request for a full “hand recount” in the state of Wisconsin has officially been denied by Dane County Circuit Judge Valerie Bailey-Rihn. According to the StarTribune, the request was denied […]

Nov 30, 2016

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by: admin

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Tags: Hillary Clinton, Law

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Categories: Crypto Currency, Government, Politics

In the biggest surge since the August 2015 melt-up/options debacle, WTI Crude has spiked over 10% today as man and machine urge the price up towards $50… This post was published at Zero Hedge on Nov 30, 2016.

Nov 30, 2016

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by: admin

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Tags: WTI

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Categories: Crypto Currency

the looming reality crisis facing Mario Draghi over his actions (or inactions) about potentially devastating losses at Italy’s largest bank, and now we have another update as more questions are being asked. Via GolemXIV, So could it really be that after years of stonewalling, Draghi, the ECB and the cabal of central bankers and regulators, […]

Nov 30, 2016

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by: admin

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Tags: ECB, Italy, Mario Draghi, Tax

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Categories: Crypto Currency, Economy

The latest just released Quarterly Report on Household Debt and Credit from the New York Fed showed a small increase in overall debt in the third quarter of 2016, prompted by gains in non-housing debt, and new all time highs in student loans which hit $1.279 trillion, rising $20 billion in the quarter.11.0% of aggregate […]

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