Amazingly, it's being reported that Europe has come to an agreement on bank recapitalization plans and Greek debt forgiveness. The banks will have to get their Tier 1 capital up to 9% by June. That 9% will be calculated based on the value of sovereign debt they hold after write-downs. Back in July...
The week is not getting off to a good start for European stocks. Portuguese bonds ticked above the “bailout threshold” of 7%. Readers may recall that both Greece and Ireland requested aid once their bonds breached 7%. For its part, Portugal says it doesn’t need to tap into the EU’s...
We are in the final stretch before Christmas. Yes, the blatant commercialization of a great holiday gets old. But it never manages to dampen my Christmas spirit. Online sales are up 12% over last year. And brick and mortar sales are coming in strong too. SpendingPulse reports that clothing sales are...
European debt issues are once again weighing on the stock market. Where have I heard that before? Oh yeah, it was last year about this time that Dubai defaulted and Greece 's debt problems came to light. Unfortunately, these debt problems are not one and done. Ireland has been bailed out, to the...
*****How to Play the Irish Bailout *****U.S. Dollar vs. euro *****One Ounce Silver American Eagle Fellow Investor, It’s one of those situations in investing that often defies logic – and leads to big opportunities. When the majority of investors become convinced that a trade can only go one...
Posted to
Daily Profit
by
Ian Wyatt
on
11-22-2010
Filed under:
Filed under: Ian Wyatt, gold price, gold, Fed, Bernanke, GLD, dollar, gold stocks, European Union, silver, euro, European debt crisis, silver price
While most of the mainstream media readily announces new "highs" for the price of gold, The New York Times just published an article denouncing such statements. From the story: "The actual record was set 30 years ago, when the price of gold, in today's dollars, hit $2,387, or 71 percent...
I'm back in the office after last week's Wyatt Investment Research company retreat. I wish I could say it was three days of relaxing fun in the Vermont mountains, but the truth is, it was three days of non-stop meetings and presentations. At least we ate well... However, I'm sure our meetings...
The Central banks and the International Monetary Fund (IMF) just reported sales of 94.5 metric tons of gold over the past year. While that's about half of America's annual consumption, it sparked concerns in the gold community that Central Banks might be starting to hoard gold ahead of significant...
Regulators and officials from 27 countries will meet in Basel, Switzerland to create a new series of rules they hope will avert future bank meltdowns. The basic issue is how much Tier 1 capital (cash and assets) banks need to have to provide a cushion against bad loans. The first step will be re-defining...
On Friday, gold prices hit another high, the second in two days. August delivery gold futures hit $1,261.40 during the trading day. Investors, concerned about the inflationary monetary policy from the U.S. and debt-laden euro-zone nations and the United Kingdom and slowing momentum of global growth,...