Gold’s London AM fix this morning was USD 1,558.50, EUR 1,239.27, and GBP 993.62 per ounce. Yesterday’s AM fix this morning was USD 1,555.00, EUR 1,229.44, and GBP 989.56 per ounce.
Silver is trading at $28.12/oz, €22.46/oz and £18.01/oz. Platinum is trading at $1,430.25/oz, palladium at $591.80/oz and rhodium at $1,275/oz.
Gold fell $5.60 or 0.36% in New York yesterday and closed at $1,561.20/oz. Gold has been trading sideways in Asia and [...]
National Asset Management Agency (NAMA) chairman Frank Daly said the move was due to anticipated supply shortages.
The investment could generate up to 25,000 construction jobs and up to 10,000 additional jobs in the wider economy, he told an accountancy meeting in Galway in the west of the country.
“Subject to suitable opportunities arising, we plan to invest at least €2bn in Ireland in development capital in order to preserve, enhance and [...]
Earlier today, JPMorgan made waves by claiming, some would say rather uncouthly, that Portugal’s government is about to keel over and die (even if it is undisputed- after all, on Wall Street no one can hear you speak the truth). Never one to be left wanting, here comes Citi with some charts of “parabolic” moves in the Irish 2 Year bond, and some even [...]
Approx 25% drop in value, (those that are selling) long way to go but shored up by government tax breaks for the first 7 years interest on the mortgage. Lots of folks in arrears, government trying to stop repossesions. Thousands of new builds abandoned all over the country, (these are big numbers for Ireland) in fact out of my front window are 3 apartment blocks half finished slowly [...]
The credit-driven consumption binge is over. For consumers, and for govt at every level. The only people who are still bingeing are banksters who award themselves ever-larger bonuses of taxpayer money, based on false “profits” derived from fraudulent accounting.
Worries about Greek debt never went away. There is no EU bailout plan for Greece. The Greek bond auction was a disaster. Those who bought the last auction have already lost money [...]