Presidential favourite François Fillon still expected to beat far-right leader by comfortable margin in second round
It’s been just shy of a month since our last “post-election” market update and given the recent developments across markets, it seems a pertinent time for an update regarding our thoughts on the precious metals market.
One week after Fitch downgraded Italian banks to a negative outlook due to soaring bad debt, and risks resulting from the failed referendum, moments ago Moody's did the same,
Shariah Gold Standard Approved for $2 Trillion Islamic Finance Market
by Jan Skoyles, Editor Mark O'Byrne
The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) and the World Gold Council have made an important decision
The Prime Minister forced MPs to say whether they backed Brexit by asking them to vote in Parliament on whether they "respect" the will of the British people.
This article was spotted on Sovereignman
In 524 BC, a group of pirates set sail for Sifnos, an ancient Greek island famed for its vast gold and silver mines.
The mines of Sifnos were unparalleled in the ancient world.
They produced so much gold and silver that the local government at Sifnos could erect countless monuments, invest in new public works, and still easily have a substantial balance remaining at the end of each year to distribute to the citizens.
When the pirates arrived,
As we noted last night, when we previewed the virtually assured "No" vote, we said that "a strong “No” vote will cause Prime Minister Renzi to resign, leading to political instability in Italy. Furthermore, a "No" vote is expected to kill a long-running attempt to rescue Italy's third largest and oldest bank, Monte dei Paschi, which has been desperate for a private sector bailout ever since it failed this summer's ECB stress test to avoid broader banking sector contagion;