With Gold ETPs Down 31 Percent YTD, Has Gold Lost its Luster?

by Christopher Lemieuxon December 16, 2013 5:55 pm BST
Gold seemed to be the gift that kept on giving. It rose every year in the last 13, and exchange-traded products (ETPs) reached a record $148 billion in 2012. However, this year was different. Institutions dumped ETP holdings at the largest rate in the securities’ inception. Gold-backed ETPs (bullion and/or derivatives) are down 31 percent […]

In Debt We Trust: Europe’s Chronic Debt Crisis

by Christopher Lemieuxon October 25, 2013 6:46 pm BST
In the midst of a debt crisis, European Central Bank president Mario Draghi said he would do “whatever it takes” to preserve the euro-bloc currency when markets feared the indebted eurozone would soon break away from each other. Fortunately for Draghi, not much was needed since than after yields on the blistering sovereign debt fell. […]

The United States Is the New Oil King

by Christopher Lemieuxon October 20, 2013 6:57 am BST
According to the PIRA Energy Group, the United State has overtaken Saudi Arabia as the world’s biggest oil producer, largely due to the massive shale formations in the mid-western territories. This has been the result of the second largest oil boom in history. In a statement released by the energy consultant, the US output since […]

Year of the Debt?

by Christopher Lemieuxon October 19, 2013 3:37 am BST
China’s growing debt is now raising some alarms after continuous easy credit and multiple rounds of stimulus with debt estimates of 14.1 to 19.7 trillion yuan by the end of 2012. It is difficult to fully understand the debt levels due to the lack of transparency in the Communist country, but economist believe levels have […]