Visa, MasterCard Freeze Cards at Sanctioned Russian Banks
US-based Visa Inc. and MasterCard Inc. have stopped processing payments by cardholders at Russian banks targeted by the United States for financial sanctions on Thursday, a number of Russian banks said Friday.
J. P. Morgan And Precious Metal Price Manipulation On the Comex
Suing JPMorgan and the COMEX Theodore Butler| March 21, 2014
I’ve had some recent conversations with attorneys who were considering class-action lawsuits regarding a gold price manipulation stemming from reports about the London Gold Fix. I told them that while there is no doubt that gold and, particularly, silver are manipulated in price, I didn’t see how the manipulation stemmed from the London Fix. I wished them well and hoped that they may prevail (the enemy of my enemy is my friend), because you never know – if the lawyers dig deep enough they might find the real source of the gold and silver manipulation, namely, the COMEX (owned by the CME Group) and JPMorgan.
So I thought it might be constructive to lay out what I thought a successful lawsuit might look like, although I’m speaking as a precious metals analyst and not as a lawyer. I’ll try to put the whole thing into proper perspective, including the premise and scope of the manipulation as well as the parties involved...
Gold futures rise as investors seek safe-haven assets
Sydney-Australia (Mar 23) Gold futures finished higher, halting a four-session losing run, as the dispute between Russia and the West over Ukraine escalated, increasing demand for a haven.
Gold Prices To Move Lower As U.S. Economy Improves – Analyst at IG Markets
“I think in the medium term, you have to factor (an improving economy) into the price of gold,” he said. “There is a real case that this time next year we will see higher interest rates.”
"".......Das bedeutet, die Hedge-Fonds halten netto nun 138.429 Anteile oder 13,8 Mio. Unzen Gold. Das ist der höchste Wert seit mehr als einem Jahr.
Damit haben die Großinvestoren zum sechsten Mal in Folge auf Wochenbasis ihre Long-Positionen ausgebaut und - was noch bedeutsamer ist - es zeigen sich neue Käufe, während in den vergangenen Wochen hauptsächlich Short-Positionen eingedeckt wurden.......""
http://www.minyanville.com/sectors/...ll-Likely-to/3/24/2014/id/54292 "".....So, while the metals have not clearly given us the sign that they have topped and are heading to new lows just yet, it does seem as though the same timing for highs in the USD may also be applicable for new lows in the metals.......I also want to note that if the high for this corrective rally in silver has already been struck and we are in the more bearish pattern I outlined just above, it greatly increases the potential that we will drop below the 16 region in silver, and target the 11-14 region. ....""
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