Wednesday , February 19 2020
Home / Tag Archives: Sovereigns

Tag Archives: Sovereigns

Citi’s “What If?” Scenarios: Part 2

Yesterday we published the first set of 7 "What If" scenarios that didn't make it into the Citi Credit team's (already rather gloomy) year-ahead forecast. Because while Citi's "base case" was clearly bearish (our summary can be found here), what was left unsaid was even more unsettling, if not troubling. As the bank's credit team wrote "what about the outcomes that didn’t quite make it into our base case? The scenarios that aren’t central, but which aren’t entirely implausible either – both...

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Risk Of Online Accounts Seen As One of Largest Brokerages In World Temporarily Halts Online Trading After “Glitch”

- 'Technical issue' at Fidelity blocks access to online accounts, stops online trading- Fidelity is 3rd largest brokerage by client assets: $1.7 trillion at the end of 2016- NatWest, RBS, Ulster Bank  have experienced online banking "issues" in November- Clients left without access to funds & failed payments & little to no recourse- Social media exposing the banks' and online trading platforms' shortcomings- Reminder that online accounts can be rendered non-viable...

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Puerto Rico Without Electricity, Wifi, ATMs Shows Importance of Cash, Gold and Silver

Puerto Rico without electricity, wifi, ATMs shows importance of cash, gold and silver - Most of Puerto Rico remains in the dark and without power three weeks after storm- With widespread power failures, Puerto Rico remains cash only with retailers only accepting cash and few consumer having cash- Shortages of food, fuel and medicine with infrastructure repairs delayed- Power could be 'out for months' as 85% of people remain off the grid- Around 75% of ATMs disconnected- Electronic forms...

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Young Guns of Gold Podcast – ‘The Everything Bubble’

 Young Guns of Gold Podcast - 'The Everything Bubble'- Precious Metal Roundtable discuss gold in 2017 and outlook- Gold +9.1% year to date; Performing well given Fed raising rates, lack of volatility and surge in stock markets- "People are expecting too much from gold"- Economy: Inflation indicators, recession on the horizon, global debt issues- Global demand: ETF inflows, Russia central bank purchases, Germany investment figures and international coin demand bode well for gold-...

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The Case For Wiping Out Puerto Rico’s Debt

Authored by Tom Sanzillo via ValueWalk.com, President Trump, who knows a thing or two about bankruptcy, says Puerto Rico’s public debt should be wiped out. We agree. The commonwealth owes bondholders somewhere on the order of $70 billion, with most of that debt tied to general-obligation bonds, revenue bonds and bonds issued by the Puerto Rico Electric Power Authority (PREPA). Ahead of the wide devastation wrought by Hurricanes Irma and Maria, we were of the view that the commonwealth...

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Conor McGregor – Worth His Weight In Gold?

Conor McGregor - Worth His Weight In Gold? - Conor McGregor, MMA champion has gold statue made of him- If McGregor was cast in investment grade gold bullion he would be worth ...- If Mayweather were cast in gold he would be worth $2.7m- Ali once fought equivalent of MMA fighter and nearly lost use of his legs- Gold continues to be seen as the ultimate prize in sport- Gold a great prize but true value is as a safe haven At the moment there are some heated debates...

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Gold Reset To $10,000/oz Coming “By January 1, 2018” – Rickards

Gold Reset To $10,000/oz Coming "By January 1, 2018" - Rickards - Trump could be planning a radical “reboot” of the U.S. dollar- Currency reboot will see leading nations devalue their currencies against gold- New gold price would be nearly 8 times higher at $10,000/oz- Price based on mass exit of foreign governments and investors from the US Dollar- US total debt now over $80 Trillion - $20T national debt and $60T consumer debt- Monetary reboot or currency devaluation seen...

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Trump Presidency Is Over – Bannon Is Right

Trump Presidency Is Over - Bannon Is Right “‘The Donald’ has been White House-broken,” writes Bill Bonner in his must read daily missive on Bonner and Partners “‘The Donald’ has been White House-broken,” was what we were trying to say, translating the phrase into something that may make sense to a French listener. But it was too clever and complicated. “Well, let’s just say the president has been brought into line,” we simplified. Social Season This is the social season in the French...

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Gold, Silver Consolidate On Last Weeks Gains, Palladium Surges 36% YTD To 16 Year High

Gold, Silver Consolidate On Last Weeks Gains, Palladium Surges 36% YTD To 16 Year High - Gold and silver rise as stocks fall sharply after Barcelona attack- Gold, silver 0.6% higher in week after last weeks 2%, 5% rise- Palladium +36% ytd, breaks out & reaches 16 year high (chart)- Gold to silver ratio falls to mid 75s after silver gains last week- Perfect storm of financial and geopolitical tensions is driving safe haven demand and should see higher prices- Weekly close over...

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Gold Has Yet Another Purpose – Help Fight Cancer

- Gold has yet another purpose and may help fight cancer- Gold increases effectiveness of drugs used to treat cancer cells by acting as catalyst - research shows- Use of gold in technology and health growing each year- Tech use to increase- number of patent applications in 2017 grew- Industrial applications such as solar and bio-metrics reduce availability of above ground supply and gold for investment- Another string to the bow of gold and potential impact on sentiment towards gold...

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