According to ZH this is why silver tanked recently.
Comments »The Greenback Falls on Expectation The Fed Will Act Shortly
Oil Rebounds From Yesterday’s Hit as Strength in the Euro Gives Hope to Resolution
The Euro Falls On Higher Borrowing Costs for EU Debt
The euro fell against the yen after yields rose for Spanish and Italian bond auctions.
Comments »European Commission’s Barroso Calls Debt Problem “truly systemic crisis” ; Euro Tanks on the News
FLASH: S&P FUTURES NOSEDIVE AS THE EURO CRATERS
S&P futures are diving, down 11, on renewed Euro worries. The Euro is down rather dramatically by 0.63%.
Comments »FLASH: Losses in the EURO Accelerate
The Yen and Greenback March Higher on Safety as The Euro Falls on Soft Bond Auctions
Yields are beginning to rise again in Europe which has hurt some bond auctions and the Eruo.
Comments »Alert: Dollar Analysis Suggests Greenback About to Make a Major Move
China Looks to Stimulate World Economy by Boosting Imports
This may begin a bigger run in the Yuan as a stronger currency makes imports cheaper.
Comments »Tasty Chart Porn; Why The Euro Could Trigger Another 2008 Debacle
EUROPAC: We Have Entered The First Of Four Phases That Will Destroy Fiat Money
Very interesting commentary on gold and currencies in relation to the sovereign debt crisis.
Comments »Gold Falls For a Second Day on Dollar Buying
Dollar buying continued over fears of European sovereign debt problems. Gold fell a little over 1% to trade @ $1,771.
Comments »The Pound Trades Lower Against the Euro Despite a Better Economy Than the EU Zone
Amid Market Turmoil The Dollar Makes a Run North
The Dollar is rallying and hurting gold, oil, and equities.
Comments »The Euro Weakens Before a Budget Vote in Italy
The Swiss Central Bank is Ready to Act as They Deem Swiss Franc Overvalued
“Swiss central bank Vice President Thomas Jordan said the franc remains “overvalued” and policy makers are ready to take further measures if needed.
“The minimum exchange-rate is a measure that was taken in a crisis where there was no other possibility to curb the franc’s appreciation,” Jordan said at a conference today in Lucerne, Switzerland. “We’ve always said that it’s a minimum exchange-rate and not an exchange-rate target versus the euro. At the moment, the franc remains highly valued, overvalued, and should depreciate again over time.”
Comments »
