Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-55275 Thu, 23 Oct 2014 13:57:07 GMT China Gold Association: 2013 Gold Demand 2199t (NEARLY DOUBLE WGC'S NUMS!!) http://implode-explode.com/viewnews/2014-10-23_ChinaGoldAssociation2013GoldDemand2199tNEARLYDOUBLEWGCSNUMS.html iehi-feed-55274 Thu, 23 Oct 2014 13:55:12 GMT Big nations snub Beijing bank launch after US lobbying http://implode-explode.com/viewnews/2014-10-23_BignationssnubBeijingbanklaunchafterUSlobbying.html iehi-feed-55272 Thu, 23 Oct 2014 13:51:38 GMT Top bullion consumer China works on first gold forwards, options http://implode-explode.com/viewnews/2014-10-23_TopbullionconsumerChinaworksonfirstgoldforwardsoptions.html iehi-feed-55271 Wed, 22 Oct 2014 23:55:57 GMT Social Security benefits rising, but only slightly (GRAND TOTAL OF LESS THAN 1.2%/yr SINCE 2009) http://implode-explode.com/viewnews/2014-10-22_SocialSecuritybenefitsrisingbutonlyslightlyGRANDTOTALOFLESSTHAN1.html 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-55267 Wed, 22 Oct 2014 15:43:28 GMT M&A Deals Fail At Highest Rate Since 2008 http://implode-explode.com/viewnews/2014-10-22_MADealsFailAtHighestRateSince2008.html iehi-feed-55266 Wed, 22 Oct 2014 15:41:07 GMT EU fines JPMorgan, UBS, Credit Suisse for taking part in cartels http://implode-explode.com/viewnews/2014-10-22_EUfinesJPMorganUBSCreditSuissefortakingpartincartels.html iehi-feed-55265 Wed, 22 Oct 2014 15:39:55 GMT ‘Plunge protection' behind market's sudden recovery http://implode-explode.com/viewnews/2014-10-22_Plungeprotectionbehindmarketssuddenrecovery.html iehi-feed-55264 Wed, 22 Oct 2014 15:33:40 GMT New rules adopted in hopes of spurring home loans (but not for another year) http://implode-explode.com/viewnews/2014-10-22_Newrulesadoptedinhopesofspurringhomeloansbutnotforanotheryear.html iehi-feed-55263 Wed, 22 Oct 2014 14:50:45 GMT Forex-Rigging Fines Could Hit $41 Billion Globally: Citi http://implode-explode.com/viewnews/2014-10-22_ForexRiggingFinesCouldHit41BillionGloballyCiti.html iehi-feed-55262 Tue, 21 Oct 2014 21:18:26 GMT US existing home sales up 2.4 per cent in Sept. to fastest rate in 2014; still lags 2013 pace http://implode-explode.com/viewnews/2014-10-21_USexistinghomesalesup24percentinSepttofastestratein2014stilllags.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-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-55255 Tue, 21 Oct 2014 18:03:49 GMT Santelli & Schiff: "A Messy Exit Is A Given... Ending QE Will Plunge US Into Severe Recession" http://implode-explode.com/viewnews/2014-10-21_SantelliSchiffAMessyExitIsAGivenEndingQEWillPlungeUSIntoSevereRe.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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