ITM Trading Presents: Movies Featuring Gold Here are a few of our all time favorite gold movies in no particular order. Goldfinger (1964) Cast members include: Sean Connery as James Bond, Honor Blackman as “Miss Galore” and Gert Fröbe as Auric Goldfinger. Bond is back and his next mission takes him to Fort Knox, where Auric Goldfinger and his henchman are planning to raid Fort Knox and obliterate the world economy. To save the world once again, Bond will need … Read More »
With the ruble depreciating 50% this year, the Russian central bank decided overnight to raise its benchmark interest rate by an astonishing 6.5%. The currency crisis threatening Russia’s economy “forced” the central bank to increase rates from 10.50% to 17%. The ruble initially made gains off the news but ended up reversing course and slid below all time lows against the USD. There was also a headline out this morning that Russia is deploying nuclear weapons to be held next … Read More »
Gold climbed to its highest level in six weeks as a global equity sell off caused investors to flock to the safe haven appeal of the yellow metal. News out of China was the catalyst for a wild day in the markets. China’s clearing agency for exchanges said that bonds rated below AAA or sold by issuers graded lower than AA are no longer allowed for use as collateral in short-term loans. An estimated $76 billion of outstanding debt can no … Read More »
Banks used to buy and sell bonds, which made it fast and easy for you to buy and sell bonds. Since the crisis began in 2007, they are no longer doing that, as witnessed by the chart below and report from the US Treasury which can be viewed here: http://www.treasury.gov/resource-center/data-chart-center/quarterly-refunding/Documents/Charge_2.pdf. Instead the banks that used to supply that market liquidity are placing bets on bond interest rates (derivatives) at a fraction of the cost of buying the actual bonds, and … Read More »
Gold and silver have followed up a wild start to the week with uninspiring trading action for the remainder of it. While Monday had over 340,000 contracts trade on the active Comex February gold contract, today only had volume of 140,000 contracts. The trading range also went from a very wide and volatile $80 on Monday to a boring $12 today. The European Central Bank left rates unchanged and US Non-Manufacturing PMI came in at the second highest number since 2005. … Read More »
Over the weekend, Swiss voters rejected a referendum that would have required the Swiss central bank to hold 20% of its assets in gold. While the referendum wasn’t expected to pass, its definitive rejection set a bearish tone to the week for gold. Once crude oil started to plummet because of OPEC’s decision to maintain output in an oversupplied market, gold crumbled as well and made an intraday low of $1,142.50. The dramatic sell-off was short lived though. Moody’s cut … Read More »
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Despite the shortened trading week in the US with the Thanksgiving holiday, volume on the electronic exchange remains strong for the precious metals. The US economy grew faster than anticipated in the third quarter with both consumer spending and business investment showing strength. The combined growth of the second and third quarters represents the best six month stretch for the US economy since 2003. US equities are at all time highs, unemployment is below 6%, and home prices continue to … Read More »
Thank you for your time at the AENS 2014 Annual Symposium, we hope you found great value in our presentation. To help you do your own due diligence we have provided some source links that will help you get started. If you have any questions or need our help in any way, please let us know. We are here to be of service. Debt US Debt Clock: http://www.usdebtclock.org/index.html Hyper Inflation Examples: http://en.wikipedia.org/wiki/Hyperinflation FRED – Federal Reserve Economic Data Purchasing Power … Read More »
Gold had a choppy session yesterday with 266,000 lots trading in Comex December gold, the fourth highest volume day of the contract thus far. Gold tanked $20 to start yesterday’s session after a poll showed that Swiss voters will reject an initiative requiring the central bank to hold at least 20% of assets in the yellow metal. Despite the SPDR gold ETF adding to holdings modestly last week, overall holdings in exchange-traded products this week have slumped to a five … Read More »
