Business

While in the US market breaks practically always happen when the market is sharply lower, and are intended to halt any downward momentum, in Europe this simple relationship has yet to be perfected, and for the past hour, following what it announced were technical issues, the Deutsche Boerse-owned Eurex derivatives exchange where futures on such indices as the DAX and Switzerland trade, has suspended trading in its T7 system "until futher notice."

Sellers will just have to wait.

Link for the latest news on the trading halt.

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David Haggith: The Economy is Failing All Over The World

Posted with permission and written by Rory Hall, The Daily Coin (CLICK FOR ORIGINAL)

The big news is that the gold-silver ratio closed at 80. This is not only a new high for the move. It’s higher than it has been since 2008.

It’s also exactly what Monetary Metals has been calling for. Last week, we said the gold fundamental was $1,450 and the silver fundamental was $14.90 (i.e. a fundamental value for the ratio over 97 last week). This week, the ratio moved up, and it’s now 1.3 points closer. In other words, silver got cheaper when measured in gold terms.

Back in March of last year, the FHFA warned that Fannie and Freddie may well go bankrupt at which point taxpayers would once again be on the hook for subsidizing their own bad mortgage debt.

As you might recall, the Treasury changed the rules when it came to the GSEs a while back.

The U.S. government are planning to spend over $1 million of taxpayer’s money on a new initiative to encourage people to report their neighbours online if they spot them doing anything “suspicious”. The campaign encourages internet users to report potential online threats, and has been modelled on the “If You See Something, Say Something” campaign initiated after the 9/11 attacks. Critics fear the scheme will target those with “anti-government” views.