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 | Przemyslaw Radomski CFA - SunshineProfits |
| Will Stars Shine on Gold |
| Major blow to the EU! The populist Five Star Movement won about one-third of the votes in the Italian general elections. It’s another negative shock for the European establishment. Will these stars shine on gold?
Five Stars Movement Triumphs
We live in strange times. To be a hairstylist, you need a license. But you can become a politician being just a comedian and telling jokes. We refer here to Beppe Grillo who co-founded the Five Star Movement a decade ago. Although the party was initially perTuesday, March 6, 2018 |
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| Bullion Vault |
| Silver Hit by Heaviest Bearish Betting in 15 Years, Gold Prices Unmoved by Italy's 'Messy' Election |
| GOLD PRICES held onto last week's closing level Monday morning in London as the weekend's national elections in Italy – the Eurozone's third largest economy – gave no clear winner overall,
writes Steffen Grosshauser at BullionVault.
Analysts and traders were further worried by US President Donald Trump's open declaration of
a "trade war", with commodity prices slipping and major government bonds rising.
Tuesday, March 6, 2018 |
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 | Mish - Global Economic Analysis |
| Italy's President Dissolves Parliament: Elections on March 4 |
| Italy's economic woes and political woes go hand-in-hand. New elections are coming up but a hung parliament is likely.The Wall Street Journal reports Italy’s President Calls National Elections as Country Grapples With Economic Pain.
Italy’s President Sergio Mattarella dissolved parliament Thursday and called elections for early March, a vote that will highlight the economic and political problems still stalking Europe and the country’s role as the weakest flank in the currency union.
The vote—tFriday, December 29, 2017 |
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| Mish - Global Economic Analysis |
| Saxo Bank's 10 "Outrageous Predictions" for 2018: Which are Likely |
| Every year, Saxo Bank makes 10 outrageous predictions for the new year. The ideas are meant to get people to think."Outrageous Prediction" Definition
Saxo Bank points out their "Outrageous Predictions for 2018 "are not their actual forecasts. Rather, they are a list of supposed “1% likelihood” events that Saxo really feels should be considered as 10% likely or higher.
In other words, they bring together a list of things that may happen, in an effort to get you to think.
Overview
Our suspicion iSunday, December 24, 2017 |
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| Mish - Global Economic Analysis |
| Italy Falls Out of Love With Euro: Beppe Grillo on the Rise Recent polls for |
| Recent polls for Italian politicians supporting the eurozone and EU have collapsed.
Pro-Europe polls are highly likely to get worse as a further splintering of Matteo Renzi’s PD party takes place.
It is not out of question for Beppe Grillo’s eurosceptic Five Star Movement (M5S) party to achieve an absolute majority in the next election. However, please note that 40% is the threshold for a “majority”.
The Financial Times reports Italy is Falling Out of Love with Europe.
Foreigners often underesWednesday, March 22, 2017 |
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| Mish - Global Economic Analysis |
| Revenge: Former Italian Prime Minister Seeks to Destroy the Euro |
| Former Italian prime minister Silvio Berlusconi resigned in 2011 in the midst of a eurozone crisis after the Italian parliament voted for austerity measures. He blames then ECB president Jean-Claude Trichet for his ouster.
Berlusconi was replaced by a technocrat Mario Monti, the first of four consecutive Italian technocrats.
He wants back in power, and he also wants Italy out of the Eurozone. Recent political moves indicate Berlusconi desires to destroy the euro even more than he wants back in pFriday, March 3, 2017 |
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| Mish - Global Economic Analysis |
| Excessive Debt Procedures: EC Warns Italy over Debt, Five Star Movement Will Benefit |
| In a move bound to help Beppe Grillo’s Five Star movement, Brussels Warns Italy to Cut Public Debt by April.
The European Commission said on Wednesday that Italy’s debt represented “a major source of vulnerability” as it urged Rome to meet its commitments to adopt pension reforms and other “structural measures” worth 0.2 per cent of gross domestic product.
Valdis Dombrovskis, vice-president of the commission in charge of eurozone issues, said: “as of today there would be a case to open an exceWednesday, February 22, 2017 |
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| Mish - Global Economic Analysis |
 Italy Increasingly Likely to Abandon the Euro |
| An analysis of the political setup in Italy shows eurosceptics are on the verge of taking control of the country.
The only missing ingredient is an early election. And early elections are now the odds-on favorite.
Let’s back up a bit to fill in the pieces as to how things got to this point.
Former prime minister Matteo Renzi stepped down in December after holding a referendum that failed miserably. See Renzi Resigns Following Crushing Referendum Defeat: Beppe Grillo, Marine le Pen, Matteo SalvSunday, February 5, 2017 |
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| Mish - Global Economic Analysis |
| Fire the CIA: New York Times Next In Propagating “Trust Us” Bullsh*t |
| One by one, mainstream media has fallen for “trust us” propaganda from the CIA.
Here’s NYT bullsh*t: Putin Ordered ‘Influence Campaign’ Aimed at U.S. Election, Report Says
American intelligence officials have concluded that the president of Russia, Vladimir V. Putin, personally “ordered an influence campaign in 2016 aimed at the U.S. presidential election,” and turned from seeking to “denigrate” Hillary Clinton to developing “a clear preference for President-elect Trump.”
The report, a damning Saturday, January 7, 2017 |
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| Mish - Global Economic Analysis |
| End of Euro in Italy: Renzi Faces Three Opposition Parties, All Rabidly Anti-Euro |
| The nannycrats in Brussels better be working on plan B. Plan A, never let a country leave the Eurozone, is set to fail, sooner or later, and in a country big enough to have massive repercussions.
On December 4, Italy holds a referendum that would give sweeping powers to the winner of an election. If the referendum fails, prime minister Matteo Renzi has repeatedly threatened to resign.
On December 5, it is increasingly likely that Europe could wake up to an immediate threat of disintegration.
FMonday, November 21, 2016 |
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 | Chris Powell - GATA |
| The world's real rulers: central banks operating in secret |
| By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, May 15, 2014
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100027284/eu...
The revelations about EMU skulduggery are coming thick and fast. Tim Geithner recounts in his book "Stress Test: Reflections on Financial Crises" just how far the EU elites are willing to go to save the euro, even if it means toppling elected leaders and eviscerating Europe's sovereign parliaments.
The former US Treasury Secretary says that EU officiThursday, May 15, 2014 |
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| Mish - Global Economic Analysis |
| Italy has 4th Government in 3 Years, the Last 3 Unelected; Questions of the Day |
| Following the ouster of Italian prime minister Enrico Letta in a political party power struggle, Matteo Renzi Set for Mandate to Lead Italy’s Next Government.
Matteo Renzi will on Monday be formally handed the job of forming Italy’s fourth government in just over two years with the aim of presenting his reform programme to parliament by the end of the week.
The 39-year-old leader of the centre-left Democrats, who ousted prime minister Enrico Letta in a party power struggle, has a mid-morning aTuesday, February 18, 2014 |
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| Mish - Global Economic Analysis |
| Reflections on 2013; What's Important, What's Not What's Ahead |
| According to Yahoo!News the top story of the year was the Jodi Arias trial.
I confess. I never heard of her. Had to look it up.
Most of the Yahoo!News top ten would not have made my top 100. My criteria includes events that have a chance to shape history in a major way.
Here are my lists, county by country, theme by theme.
United States
Obamacare
Obamacare has been in the news multiple times a day, for months on end. Republicans attempting to overturn Obamacare made fools of themselves doSaturday, January 4, 2014 |
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 | James West - Midas Letter |
The Fire Fuelling Gold  |
| Gold took quite a beating in September, bucking its seasonal average monthly return of 2.3 percent. The political battle between President Barack Obama and Congress, China’s Golden Week, and India’s gold import restrictions likely weighed on the metal.
September’s correction only adds to the negative sentiment toward the precious metal. The assumption from many market pundits is that gold is no longer attractive as an investment. With rising rates and continuing low inflation, U.S. investors belThursday, November 7, 2013 |
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 | Alessandra Pilloni - Bullion Vault |
| Vulgar Competition Italian Gold |
| Vulgar competition needs to come to Italy's delicatejewelry business...
"ITALY accused of protectionism!" is hardly news.
Wanting free competition in the airline market, IAG – the group formed from the UK's privatized British Airways and Spain's privatized Iberia in 2012 – has urged the European Commission to investigate andblock the possible rescue of Italy's bankrupt Alitalia by the state-owned Italian Post Office.Tuesday, October 22, 2013 |
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| Alessandra Pilloni - Bullion Vault |
| Italy's Gold Sector: Decline Fall |
| Once-dominant gold jewelry exports point to Italy's deeper malaise...
"ITALY accused of protectionism!" is hardly news, writes Alessandra Pilloni at Bullionvault Italia.
Wanting free competition in the airline market, IAG – the group formed from the UK's privatized British Airways and Spain's privatized Iberia in 2011 – has urged the European Commission to investigate and block the possible rescue of Italy's bankrupt Alitalia by the state-owned Italian Post Office. This tells a story all tFriday, October 18, 2013 |
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 | Adrian Ash - Bullion Vault |
| The Bullion Market's Big Issues, Part I |
| By Adrian AshPrice action isn't the big players' big concern in gold and silver right now..."FAITH and RELIGION," said Edel Tully of UBS, the Swiss investment and bullion bank."Those were key themes," she said, summing up this year's LBMA conference last Tuesday evening.We could hardly ignore those topics, meeting in the hills just west of Rome with 700 other delegates for the London Bullion Market Association's annual jolly. From Monday night's dinner on top of Monte Mario, the dome of St.PeterFriday, October 11, 2013 |
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| Bullion Vault |
| Gold Rallies, But Pullback to $1050 Needed to "Clear Longs" Agrees LBMA Panel |
| London Gold Market ReportWEDNESDAY morning in London saw gold recover half of yesterday's $50 plunge per ounce, rising back above $1300 as world stock markets slipped and the US government shutdown spread to new departments.Commodities also recovered, and government bonds extended their gains, pushing US interest rates down to 2.62% on 10-year debt.Euro investors saw gold recover less sharply, as the single currency jumped ? and Italian bonds gained ? after Rome's coalition government won a voteWednesday, October 2, 2013 |
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 | John Rubino - Dollar Collapse |
 Why We're Ungovernable, Part 8: Washington Shuts Down, Rome Falls |
| This week both Italy and the US saw their ruling coalitions splinter. First
Italy:
Italy's
Coalition Teeters as Berlusconi Allies Walk Out
Italian Prime Minister Enrico Letta's government teetered on the verge of
collapse after allies of former leader Silvio Berlusconi, led by Deputy Premier
Angelino Alfano, said they planned to quit the cabinet.
The nation's leaders stopped short of dissolving the five-month-old administration,
invoking procedure and scheduling a meTuesday, October 1, 2013 |
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| Mish - Global Economic Analysis |
| Berlusconi Faces Party Revolt; Collapse of Italian Government Hangs in Balance; Rush For Votes is On |
| Late last week, former prime minister Silvio Berlusconi ordered five ministers to resign from Italy's government. They did, and as a result, current prime minister Enrico Letta's coalition government is on the verge of collapse.
Mr Berlusconi, leader of the centre-right Forza Italia party, said the resignations were a response to the government’s decision on Friday to increase in sales tax from next month.
Mr Letta, prime minister, rejected Mr Berlusconi’s explanation as an “enormous lie”, anTuesday, October 1, 2013 |
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