Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-55270 Wed, 22 Oct 2014 15:54:58 GMT Chinese and Indian gold buyers back in market in a big way http://implode-explode.com/viewnews/2014-10-22_ChineseandIndiangoldbuyersbackinmarketinabigway.html What has been particularly strange about the gold market over the past two years is that the stronger the physical demand appearing for gold, the weaker the gold price has tended to get... gold hungry China and India continue to accumulate gold, between them at a rate which probably accounts for close to the full total of global mined supply. And there are another group of Asian nations with similar gold hoarding proclivities, not quite at the same scale, but cumulatively significant.

One may ask that, if indeed they are collectively accumulating more than global new mined supply, and with scrap supplies falling with the gold price, where all this gold is coming from... Last year it may have come from gold ETF liquidations which amounted to perhaps more than 700 tonnes, but although there have been some sales out of the gold ETFs this year they have been on nothing like the scale of 2013. So the conundrum remains. Demand has to be exceeding supply, yet the price keeps falling. Surely that has to end soon.

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iehi-feed-55268 Wed, 22 Oct 2014 15:44:13 GMT I am calling it - Oil tycoon De Margerie was murdered http://implode-explode.com/viewnews/2014-10-22_IamcallingitOiltycoonDeMargeriewasmurdered.html iehi-feed-55261 Tue, 21 Oct 2014 21:15:13 GMT Euro sells off after report ECB considering corporate bond buys http://implode-explode.com/viewnews/2014-10-21_EurosellsoffafterreportECBconsideringcorporatebondbuys.html iehi-feed-55260 Tue, 21 Oct 2014 21:09:41 GMT It Costs Central Banks $200 Billion Per Quarter To Avoid A Market Crash http://implode-explode.com/viewnews/2014-10-21_ItCostsCentralBanks200BillionPerQuarterToAvoidAMarketCrash.html iehi-feed-55259 Tue, 21 Oct 2014 21:03:04 GMT Oil at $80 a Barrel Muffles Forecasts for U.S. Shale Boom http://implode-explode.com/viewnews/2014-10-21_Oilat80aBarrelMufflesForecastsforUSShaleBoom.html iehi-feed-55258 Tue, 21 Oct 2014 18:25:56 GMT One simple reason why global stock markets are reeling http://implode-explode.com/viewnews/2014-10-21_Onesimplereasonwhyglobalstockmarketsarereeling.html iehi-feed-55257 Tue, 21 Oct 2014 18:25:01 GMT China sets tougher restrictions on illegal mining, exporting of rare earths http://implode-explode.com/viewnews/2014-10-21_Chinasetstougherrestrictionsonillegalminingexportingofrareearths.html iehi-feed-55256 Tue, 21 Oct 2014 18:23:37 GMT ECB Unleashes (Covered) Bond Buying Program, Sovereigns Sell Off http://implode-explode.com/viewnews/2014-10-21_ECBUnleashesCoveredBondBuyingProgramSovereignsSellOff.html iehi-feed-55254 Tue, 21 Oct 2014 18:02:58 GMT Credibility meets compromise in Europe's bank stress test http://implode-explode.com/viewnews/2014-10-21_CredibilitymeetscompromiseinEuropesbankstresstest.html iehi-feed-55253 Tue, 21 Oct 2014 17:59:41 GMT UBS Private Wealth Boss To Stand Trial in US http://implode-explode.com/viewnews/2014-10-21_UBSPrivateWealthBossToStandTrialinUS.html The biggest fish to be caught in the net is now about to have his day in court. On October 14th jury selection started in a federal court in Florida for the trial of Raoul Weil, who as head of UBS's global private-banking business was responsible for the division that had fallen foul of the authorities. In 2009 America issued an international arrest warrant for Mr Weil. He was nabbed last year at an Italian hotel, while on holiday with his wife, and was extradited to the United States, where he has been under house arrest.

Prosecutors allege that Mr Weil, as head of UBS's wealth-management division, oversaw and knew about efforts by a team of 60 or so Switzerland-based private bankers to court American clients and to help them hide as much as $20 billion of undeclared money. This was done using sham companies and foundations, according to court filings.

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iehi-feed-55252 Tue, 21 Oct 2014 03:59:08 GMT "Anti-Petrodollar" CEO of Total is Now Conveniently Dead http://implode-explode.com/viewnews/2014-10-20_AntiPetrodollarCEOofTotalisNowConvenientlyDead.html iehi-feed-55250 Mon, 20 Oct 2014 23:32:02 GMT ‘Forward guidance' marches global economy backwards - Satyajit Das http://implode-explode.com/viewnews/2014-10-20_ForwardguidancemarchesglobaleconomybackwardsSatyajitDas.html iehi-feed-55245 Sat, 18 Oct 2014 15:05:32 GMT China Injects $32 Billion Into Banks http://implode-explode.com/viewnews/2014-10-18_ChinaInjects32BillionIntoBanks.html iehi-feed-55244 Sat, 18 Oct 2014 15:04:11 GMT China, Russia said to mull high-speed Moscow-Beijing rail line http://implode-explode.com/viewnews/2014-10-18_ChinaRussiasaidtomullhighspeedMoscowBeijingrailline.html iehi-feed-55243 Sat, 18 Oct 2014 15:01:43 GMT The Chinese in Africa: Empire builders or new pioneers? http://implode-explode.com/viewnews/2014-10-18_TheChineseinAfricaEmpirebuildersornewpioneers.html iehi-feed-55242 Sat, 18 Oct 2014 14:54:18 GMT ISIS fighters withdraw from Syria's embattled Kobani http://implode-explode.com/viewnews/2014-10-18_ISISfighterswithdrawfromSyriasembattledKobani.html iehi-feed-55241 Sat, 18 Oct 2014 14:53:23 GMT Europe will reconcile with Russia, and soon. It can't afford not to http://implode-explode.com/viewnews/2014-10-18_EuropewillreconcilewithRussiaandsoonItcantaffordnotto.html After months of escalating tensions over Ukraine and talk of a new cold war, Russia and the West could soon reach a surprising rapprochement. The eurozone economy is suffering badly and sanctions against Russia are partly to blame. Winter is also upon us, and that reminds every-one Vladimir Putin still holds the cards when it comes to supplying gas.

The clincher, though, is that Ukraine is heading towards financial meltdown. Unless an extremely large bailout is delivered soon, there will be a default, sending shockwaves through the global economy. That's a risk nobody wants to take -- least of all Washington, London or Berlin.

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iehi-feed-55236 Thu, 16 Oct 2014 19:33:16 GMT Gold Imports by India Seen Rising More Than Fourfold Last Month http://implode-explode.com/viewnews/2014-10-16_GoldImportsbyIndiaSeenRisingMoreThanFourfoldLastMonth.html iehi-feed-55235 Thu, 16 Oct 2014 19:32:07 GMT China's economic rise challenges the IMF's relevance http://implode-explode.com/viewnews/2014-10-16_ChinaseconomicrisechallengestheIMFsrelevance.html iehi-feed-55232 Thu, 16 Oct 2014 15:57:42 GMT The Depressing Signals the Markets Are Sending About the Global Economy http://implode-explode.com/viewnews/2014-10-16_TheDepressingSignalstheMarketsAreSendingAbouttheGlobalEconomy.html