Gold Price: Central Banks Withdrawing Gold from the Fed

By Thursday, September 10, 2015
Gold Price ForecastForeign central banks have been withdrawing their gold from the Fed. According to the Federal Reserve’s most recent update, a whopping 224 tons of gold have been withdrawn from its vaults since the beginning of 2014. (Source: U.S. Federal Reserve, last accessed September 9, 2015.) Sure, gold hasn’t looked so shiny in the past few years. But to understand why central banks want their physical metal back, and where gold .

EUR-USD Exchange Rate: This Could Depreciate the Euro Another 20%

By Friday, September 4, 2015
EUR-USD Exchange RateOn Thursday September 3rd, the EUR-USD exchange rate plunged as much as 1.26% from 1.1233 to 1.1091. Why? The European Central Bank (ECB) just unveiled a revamp of its quantitative easing program. ECB president Mario Draghi said in Frankfurt that the Governing Council has now raised the purchase limit of any give bond from 25% to 33%. The ECB also lowered its inflation forecast. Moreover, interest rates were left unchanged .

Marc Faber: Gold and Silver Only Protection from ECB’s Quantitative Easing

By Friday, September 4, 2015
GoldJust one day before the European Central Bank declared an expansion of their stimulus program, Marc Faber was on Bloomberg TV arguing that rogue central banking will cause an economic collapse. He argued that “easy money” policies are dangerously irresponsible, and investors should be wary of assets whose value depends on more quantitative easing. Faber is a famous Swiss investor who currently lives in Thailand. He is well known for .

NASDAQ Opens Higher on Strong Economic Data

By Thursday, July 16, 2015
NASDAQ Opens Higher Economic DataThe NASDAQ opened higher on Thursday, July 16th, as investors cheered a Greek bailout approval and strong corporate earnings. European stocks climbed and bond yields fell on Thursday after the Greek’s parliament approved a proposed bailout plan. Eurozone stocks rose 1.5% to 3,676 points and Germany’s DAX rose 1.6% to 11,722 points. Federal Reserve Chair Janet Yellen insisted the U.S. is on track to raise interest rates this year. Amid .

European Stocks Up As Greece Deal Seems Likely

By Monday, June 22, 2015
Greece DealOn Monday June 22nd, Greece extended an olive branch to its European creditors by proposing structural reforms to its welfare state. European markets took a dive last week when negotiations stalled over how to best reform Greece’s pensions system. International Monetary Fund (IMF) negotiators, backed by the EU and Germany, insisted on deep cuts to benefits. Many view it as Greece’s only path to fiscal sustainability—the surest way of hitting .

Highest European Court Backs ECB Stimulus Program

By Wednesday, June 17, 2015
European Court Affirms Draghi’s Stimulus ProgramThe most important instrument in the European Central Bank’s (ECB) crisis-fighting tool chest has been approved by the EU’s highest court, giving authorities the equipment they need to fight a potential financial crisis in Europe. On Tuesday, June 16th, in a precedent setting decision, the EU’s highest court approved a sweeping monetary stimulus program from the European Central Bank. When European stocks were in freefall and bond yields were skyrocketing, .

Greece and its Creditors Fail to Compromise

By Monday, June 15, 2015
Greece and its Creditors FailNegotiations between Greece and its European creditors fell apart on Sunday as delegates came to an impasse over spending cuts. To fund the interest payments on its debt to the International Monetary Fund (IMF), Greece must find a resolution before June 30, 2015. The European Union (EU) ceased its aid program to Greece 10 months ago, adding pressure to reach a deal. (Source: The Wall Street Journal, June 15, .

ECB Raises Inflation Forecast; Greek Debt Talks Uncertain

By Wednesday, June 3, 2015
ECB Says QE is Working WellEuropean Central Bank (ECB) President Mario Draghi said on Wednesday, June 3, 2015 in Frankfurt that the bank would maintain a steady policy and outlook through bond market volatility. He also said that the ECB is ready to provide more economic stimulus to ensure it meets its inflation target. (Source: European Central Bank, June 3, 2015.) According to the European Union’s statistics agency, annual inflation in the eurozone was 0.3% .

Why the Euro and Dollar Could Reach Parity Soon

By Thursday, May 21, 2015
ECBOn Tuesday, May 19, the euro fell almost one percent against the U.S. dollar. This was mainly due to a top-ranking executive at the European Central Bank (ECB) signaling that the central bank will increase the pace of its bond buying. (Source: Financial Times, May 19, 2015.) The ECB has embarked on quantitative easing (purchasing bonds) since March of this year. It plans to increase its bonds purchases in May .

Three Statistics That Say No Economic Growth Yet

By Friday, January 23, 2015
ECB Money PrintingLook at any newspaper or watch any financial news channel and you will hear someone saying the U.S. economy is growing. To prove their point, they will refer to gross domestic product (GDP) figures and unemployment data. Yes, the GDP numbers and the unemployment picture do look better, but our economy is still in very big trouble.

Estimates, Forecasts


Will the Federal Reserve raise rates this year?

View Results

Loading ... Loading ...
From: Michael Lombardi, MBA
Subject: The $2 Silver Stock Every Investor Should Own!

Read this message