Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day...
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Posts Tagged ‘ Spain ’
What today’s Massive ECB Liquidity Operation Really Means
Early today 523 banks requested an unprecedented €489 billion ($640 billion) in super-cheap funding from the European Central Bank.
But the massive lending operation has garnered only a tepid response from markets, with short-term government bond y...
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Reuters Sees More Euro Stress Ahead
(Reuters) - The euro zone has agreed to take a big leap forward in economic integration, but failed to deliver a convincing answer to investors worried about its ability to tackle threatening debt crises in Italy and Spain.
http://in.reuters.com/arti...
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European CEOs Move Cash to Germany In Case of Euro Breakup
European CEOs Move Cash to Germany In Case of Euro Breakup
December 09, 2011, 10:34 AM EST
By Manuel Baigorri and Richard Weiss
Dec. 9 (Bloomberg) -- Grupo Gowex, a Spanish provider of Wi-Fi wireless services, is moving funds to Germany because it ex...
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Three Doomsday Scenarios: What Happens If the Eurozone Breaks Up?
The time has come to confront an ugly truth: The possibility that the Eurozone will break up, or rather fall apart, is growing increasingly likely.
In fact, I'd say given recent developments in Italy the probability of a breakup is as high as 40%.
Indeed, if...
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Italy and Spain’s bonds both 6%+ again
The market’s skepticism was reflected in the outcome of the Italian bond auction. The Italian Treasury on Monday sold 3 billion euros, or $4.1 billion, of five-year bonds priced to yield 6.3 percent — up nearly a full percentage point from the yiel...
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Italy and Spain’s bonds both 6%+ again
The market’s skepticism was reflected in the outcome of the Italian bond auction. The Italian Treasury on Monday sold 3 billion euros, or $4.1 billion, of five-year bonds priced to yield 6.3 percent — up nearly a full percentage point from the yiel...
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Reality Bites in Europe
Southern Europe has a very long tradition of folks simply not paying their taxes. Evading taxes is a national sport in Italy in particular. Pretty much the same for Greece, Spain, and Portugal. So, it does not matter much what plan is agreed to....it d...
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Cheap Money, Broken Markets and Stupidity
Would you lend money to Spain, Italy and the US at these ridiculously low levels? The answer is no. The World has during the past years experienced an explosion of sovereign Debt, but yields have been coming off, as a result of Central Bankers buyin...
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Euro zone inflationary pressures at seven-month low
Euro zone inflationary pressures at seven-month low
Inflationary pressures in the euro zone fell to a seven-month low in June, pulled down by an easing in Germany and Spain, according to an indicator designed to predict inflation trends from the Econo...
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If Greece defaults, what happens to Ireland and Portugal…
So like I said, Greece is about to go down the toilet.
So now that we can, we have to step back, look up, and figure out what’s coming up next on the horizon, once Greece defaults.
The answer is obvious: Portugal, Ireland and Spain are coming up...
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Why you shouldn’t fear the market’s next "Lehman Moment"
Avoiding disasters hasn’t worked. At least, not avoiding debt disasters. No matter what tricks the authorities do – monetary, fiscal, or unconventional – the debt is still there. And since all those tricks cost money…it gets bigger and bigge...
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Spain is going violent…
Can't say I know what this is about exactly but it sure looks like Kent State.
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Amazing Satellite Images of Spanish Ghost Towns
The collapse of Spain's booming housing market has left unfinished, unoccupied towns across the country.
Each failed development represents a loss for the banking sector, which admits to $240 billion of problematic exposure and is probably exposed to...
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The Successful Failure of U.S. Money Printing
To hear the papers tell it, US stocks are being weighed down by troubles in Europe.
....snip.....
Yeah. The problems are all in Europe. If it weren’t for the Greeks, and Italians, and Spaniards…it would be clear sailing here in the US.
But t...
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3 down, 1 to go – Et tu, Espana?
Portugal caves. Spain next. And whatever happened to all that eastern European Euro-denominated debt?
http://www.nytimes.com/2011/04/07/business/global/07euro.html?_r=1&hp
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EU services and manufacturing growing at fastest pace in over 4 years
Bloomberg
Excerpt:
Germany, Europe’s largest economy, has powered the region’s expansion as countries from Spain to Ireland stepped up spending cuts to plug budget deficits. German investor confidence rose for a fourth month in February and unemp...
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Global Unemployment Rates – Spain is #1
To give you an idea about how incredibly false these numbers are: I live in Mexico, where more than half the population lives beneath the poverty line. I KNOW the real unemployment rate here is more than 20 percent. But according to this graph, Mexi...
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Ambrose-Pritchard: Eurozone is toast…
or, as they say in Spain, Tostitos...
Eurobonds ain't gonna fly
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Uncle Buck Rips Back Above 80
http://finance.yahoo.com/q?s=DX-Y.NYB
http://quotes.ino.com/chart/?s=CME_ES.Z10.E
Spain now the focus..........
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Russ Winter’s Actionable- The Not Right Market
“I’m beginning to think there are not perfect storms. I’m beginning to think these are regular storms and we have a shitty boat. ” -Jon Stewart
Spain and Portugal are on tap for some major austerity steps in the wake of the proposed intervention. It could be that at least some of the PIIGS are...
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Keeping an Eye on the Real Ball
In keeping with my primary theme of following developments on the sovereign credit risk and endless backstop front, we go straight to the PIIGS (Portugal, Ireland, Italy, Greece, and Spain) front. The EU sent out another disclaimer to PIGGS member Greece, warning that no fiscal bailout will be forthcoming. Elsewhere the Dubai bagunca (mess)...
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The Gumnut Confidence Game
On the Gumnut death watch Moodys put Spain on negative credit watch. Greek problems mount, but incredibly two year Gumnuts there yield a mere 2.65% demonstrating that the Gumnut bubble is worldwide in scope. Elsewhere, the UAE is put under review for a downgrade.
The following chart shows the CDS trading in sovereigns. CDS insurance...
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