Wences Casares from Xapo explains in this video in Chicago why Bitcoin is the best money and universal standard.
The foundations of economic recovery are not solid, there is a distorted perception of risk and Central Banks continue conditioning the economy. These three factors interact at the same time, working in opposite directions. At the moment, the excess of liquidity is winning the game
The economic advisors of Labour Party in United Kingdom have presented the Economic Electoral Manifesto for Ed Milliband, who has to face the forthcoming 2015 General Elections.
Gold mining in Russia is in shock after the discovery in Ukhagan mine –placed at Siberia, most concretely in the Irkutsk region and Bodaybinsky district– with a sifting machine of a gold nugget with a strange form and a peculiar weight: 6.664 kilograms or 14.69 lbs. This object has been named, given the ‘three six’ in its weight and its shape, the ‘Devil’s Ear’.
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Due to a sharp fall in USD/JPY overnight, Tokyo market opened with goodselling interest. However gold managed to hold above $670 and closed thesession where it opened.
Due to long liquidation gold lost $3 after the close of NY on Tuesday,opening in Asia on a weak note. Then the sharp drop in USD/JPY forcedprices down to the $660 support during the afternoon session and Tocomclosed on the lower side of the intraday range.
Gold climbed $1.5 higher during the electronic trading last night,opening in the Far East at $666. But soon traders liquidated their longs,forcing prices down to $665.60 per ounce where Tocom closed.
There was no interest in the market overnight and prices hovered within adollar range during the entire session. In Europe gold struggled to hold the $675 and selling interest forced the metal down to the $670 support.
Tocom gold trading session was dull with prices confined to a very narrow range. Spot reached the high of the day before lunch time and then retreated in the afternoon to close where it opened.