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By EconMatters The Gold Market has had a nice run in 2016 so far, and may have considerable more upside to go before encountering serious resistance. This year has been the year of Fear in financial markets so far in 2016, and Gold has benefitted immensely as a result of the ‘scared rabbits’ effect by investors. […]

Going into the Iowa caucuses, Donald Trump was riding high. The brazen billionaire was not only the clear frontrunner for the GOP presidential nomination, he had also managed to pull ahead of his closest rival, senator Ted Cruz, in Iowa for the first time since August. Make no mistake, nine months ago the idea that […]

Back in October, we previewed the “promised” battle for Aleppo, Syria’s largest city prior to the war. By the time Russia began constructing an air base at Latakia, the city – which is immensely important both from a strategic and psychological perspective – was controlled by a hodgepodge of rebels and militants including al-Qaeda, the Free Syrian […]Read More

Excerpted from Stephanie Pomboy’s MacroMavens.com, Putting it all together, the chart below overlays the simplest barometers of economic and financial duress (gold/copper) and risk appetite (stocks/bonds). It would be hard to find better proof that the canary in the coalmine is singing and that his song is landing on ears deafened by 6 years of […]Read More

Late last month, we reported that Austria may cut social benefits for asylum seekers who fail to attend “special integration training courses” and more specifically, for refugees who don’t make an honest effort to learn German. “Those who are not willing to learn German, who do not want to be part of the labor market, […]Read More

Submitted by David Howden via The Mises Institute, Last year was a tough one for investors. Gold was down 10 percent. The Dow Industrials fell 2.5 percent, and most bond indexes finished down by at least that much. One institution that performed remarkably well in 2015 was the Federal Reserve. It just finished its most […]

The United States government on Thursday delivered 160 tons of military equipment to the Cameroonian armed forces to fight #BokoHaram, Ambassador Michael S. Hoza said in a Facebook post, the same day three suicide bombers were blowing themselves up in the country’s far north along the border with Nigeria where the world’s deadliest terrorists are based. […]Read More

FCMB had its earnings call today as investors listened in eagerly to hear what CEO Ladi Balogun had to say about the results. The Bank earlier in the year issued a profit warning indicating that results are likely to be bad in 2015. By the time it released its 2015 9 months results, pretax profits […]

The Central Bank has issued a circular postponing BVN registration for Diaspora depositors to June 30th 2016. The Bank had earlier set a deadline of January 31, 2015 but was forced to postpone due to low registration. The CBN said the reason for the low turnout is mainly due to the lack of accessibility to […]

Source: NNPC NNPC has released its 2015 Full year report posting a whopping N267 billion loss. This was the first time in decades that Nigerians are seeing NNPC’s results. Here are the key highlights; According to the report total of 706,242,496 barrels of crude were lifted during the year Value of crude lifted for the year was […]Read More

Last month, when Saudi Arabia announced it would be heading (that’s heading, not beheading) a 34-nation “anti-terror coalition”, everyone who knows anything at all about the Mid-East and about the sectarian divide laughed hysterically.  Why? Because Saudi Arabia is without question the world’s number one state sponsor of terror. Riyadh would vehemently deny that charge […]Read More

The volatility in crude oil trading has reached the highest levels since Lehman’s systemic crisis in 2008. Intraday swings of 5-10% are now de rigeur with OPEC and geopolitical headlines jockeying for narrative amid collapsing fundamentals.. but there is another, much bigger driver of this sudden chaos. As Reuters reports, the sudden liquidation of a […]