| |
 | Antal E. Fekete - Gold University |
| The Dismal Monetary Science |
| .Tuesday, May 19, 2020 |
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 | Alasdair Macleod - Finance and Eco. |
| Currency exchange value dynamics |
| In a recent article[i] I postulated that the dollar could lose all its purchasing power with a rapidity that will come as an unpleasant bombshell, even to those who already see inflation as society’s greatest problem in the future. The key to understanding why this may be so lies in human reactions to the monetary consequences of the next credit crisis. The undermining of the dollar as a currency affects all other fiat currencies, because it is the reserve currency and all financial markets use Thursday, March 1, 2018 |
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 | Peter Schiff - Euro Pacific Capital |
| Raising Rates Reflect Bigger Debt Not Faster Growth |
| While investors are justifiably focused on what may be the opening crescendo of a long overdue sell-off in stocks, there is not, as of yet, as feverish a discussion of the parallel sell-offs in bonds and the U.S. dollar, which have been underway for at least a year and a half in bonds and 14 months for the dollar. I contend that this should be widely understood as the root causes of the jittery Dow, and are ultimately far more important. A continued decline in the dollar and bonds holds the poteMonday, February 5, 2018 |
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 | Michael Pento - Delta Global Advisors |
| Don’t Fight the Fed! Or the Rest of the World’... |
| On March 9, 2009, The Wall Street Journal’s Money and Investing section posed this ominous question: "How low can stocks go?" The stench of economic malaise was suffocating as the Dow Jones Industrial Average (DJIA) rounded off its fourth straight week of losses, and the S&P 500 touched below 700 for the first time in 13 years. Goldman Sachs cautioned the S&P could fall to 400, while CNBC’s Jim Cramer was busily calculating the stock valuations of the DJIA components based on balance sheet cash Tuesday, January 30, 2018 |
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 | Mark O'Byrne - gold.ie |
| Greatest Stock Bubble In History GoldNomics Podcast Transcript |
| Dave: Welcome to episode two of the Goldnomics podcast where we look at the developments in financial markets through the lens of precious metals. Before we start today, I just want to remind all our listeners to subscribe to the Goldnomics podcast on iTunes YouTube or SoundCloud. And you can also stay up to date with all of the developments in precious metals markets by subscribing for our market updates at www.goldcore.com. And you can find a link in the show notes accompanying this podcast.
Monday, January 29, 2018 |
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| Mark O'Byrne - gold.ie |
| World is $233 Trillion In Debt: UK Personal Debt At New Record |
| The World is $233 Trillion In Debt: It’s Time to Rebalance To Gold
– Record level global debt level hit $233 trillion in Q3 2017– World’s per capita debt now more than $30,000– UK personal debts climbed to the highest level since credit crunch, reaching more than £200bn– US consumer credit highest jump in 2 years by 8.8% in November to $3.83 trillion– BofE warn UK banks could incur £30bn of losses if interest rates and unemployment rise sharply
Graph updated September 2017.
Global debt levels Tuesday, January 9, 2018 |
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| Mark O'Byrne - gold.ie |
| Palladium Prices Surge To New Record High Over $1,100 On Supply Crunch Concerns |
| – Palladium prices surge to new record high over $1,100/oz today
– Palladium surges past record nominal price seen in 2001 after 55% surge in 2017– Best-performing precious metal and commodity of 2017 is palladium
– Palladium prices top platinum prices for first time in 16 years– Strong Chinese car demand and switch from diesel to petrol cars sees demand surge– Supply crunch as six year supply deficit & 2017 deficit expected to hit 83,000 ounces
– Palladium supply crunch to intensify if world’s Thursday, January 4, 2018 |
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 | Rory Hall - The Daily coin |
| Mint Sales Plunge Throughout 2017 |
| If one is interested in picking up some numismatic coins that have the potential to carry some heavy premiums in the years to come 2017 could be one the years to add to your stack. Not all coins produced during 2017 will command high premiums in the future, and maybe not a single one will, but if one looks through the offerings at the US Mint, Perth Mint and Royal Canadian Mint I know there will be some diamonds in the rough that should be outstanding additions to any stack and come with the addTuesday, January 2, 2018 |
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| Mark O'Byrne - gold.ie |
| WGC: 2018 Set To Be A Positive Year For Price of Gold and Investors |
| – Gold expected to build on 2017 gains into 2018 despite headwind conditions– Gold has gained more than 9% in the year-to-date– Monetary policy and policymakers will continue to be “significant drivers of gold demand”– Physical and structural market changes will support gold into 2018– Goldcore has been at forefront of reporting on major developments in gold market and price
Gold’s had a tough year. This isn’t in reference to price. After all, it has made double-digit gains in some currencies aMonday, January 1, 2018 |
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| Bullion Vault |
| Gold Bullion Price Up 12 in 2017 as Stock Markets Add 20 |
| GOLD BULLION prices rose a second year running in 2017, ending December at the highest annual close in US Dollar terms since the peak of 2012.
Having
risen 9.1% in 2016 in Dollar terms, gold bullion finished 11.9% higher again in 2017, its strongest gain since 2010 for US investors.
Fixing at $1296.50 per ounce at Friday morning's London benchmarking, gold bullion recorded its seconSaturday, December 30, 2017 |
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| Alasdair Macleod - Finance and Eco. |
Europe, Brexit and the credit cycle  |
| Europe’s financial and systemic troubles have retreated from the headlines. This is partly due to the financial media’s attention switching to President Trump and the US budget negotiations, partly due to Brexit and the preoccupation with Britain’s problems, and partly due to evidence of economic recovery in the Eurozone, at long last. And finally, anyone who can put digit to computer key has been absorbed by the cryptocurrency phenomenon.Just because commentary is focused elsewhere does not meaFriday, December 15, 2017 |
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| Mark O'Byrne - gold.ie |
| British People Suddenly Stopped Buying Cars |
| – British people suddenly stopped buying cars
– Massive debt including car loans, very low household savings
– Brexit and decline in sterling and consumer confidence impacts
– New cars being bought on PCP by people who could not normally afford them
– UK car business has ‘exactly the same problems’ as the mortgage market 10 years ago, according to Morgan Stanley
– Bank of England is investigating to make sure UK banks are not overly exposed…
– Prudent British people buying gold with cash, not caTuesday, September 12, 2017 |
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| Mark O'Byrne - gold.ie |
| Gold, Silver Consolidate On Last Weeks Gains, Palladium Surges 36 YTD To 16 Year High |
| – Gold and silver rise as stocks fall sharply after Barcelona attack
– Gold, silver 0.6% higher in week after last weeks 2%, 5% rise
– Palladium +36% ytd, breaks out & reaches 16 year high (chart)
– Gold to silver ratio falls to mid 75s after silver gains last week
– Perfect storm of financial and geopolitical tensions is driving safe haven demand and should see higher prices
– Weekly close over $1,300 could see gold quickly test $1,400
– Palladium at 16 year highs today; gold, silver in coming Friday, August 18, 2017 |
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| Alasdair Macleod - Finance and Eco. |
| Follow the money |
| Since 2009, equities and other financial assets have climbed a wall of worry. Initially, it was recovery from the threat of a complete financial collapse, before the Fed saved the system once again.Systemic collapse continued to be on the cards, with European banks at risk of bankruptcy. We still talk about this today. More walls of worry to climb.The global economy has not imploded, as the bears have consistently warned. Systemic and other dangers still exist. The bears now point to excessive vThursday, August 3, 2017 |
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| USA GOLD - USA Gold |
| Morning Snapshot: Gold underpinned by continued dollar weakness |
| USAGOLD/Peter Grant/07-25-17
Gold has rebounded from modest overseas downticks to trade little-changed on the day, as the dollar continues its slide. The dollar index has fallen to fresh 13-month lows, making the 2½-year low at 91.91 look increasingly attractive.
Last week’s gains in gold returned considerable credence to the uptrend that has emerged so far this year. While there are several additional tiers of resistance above the market, dollar weakness should help keep gold underpinned.
The Tuesday, July 25, 2017 |
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| USA GOLD - USA Gold |
| The Daily Market Report: Gold Surges As Weak Data Weighs on Rate Hike Expectations and Dollar |
| USAGOLD/Peter Grant/07-14-17
Gold surged to new highs for the week in U.S. trading, buoyed by a weaker dollar. More soft economic data precipitated further dimming of expectations for a September rate hike from the Fed. That caused U.S. yields to fall, dragging the dollar index to new 10-month lows.
Fed funds futures show that the probability for September rate hike has fallen to 8.2%. Goldman Sachs now thinks there is only a 5% chance.
The Fed is going to have to do some furious jawboning in thFriday, July 14, 2017 |
|
 | Mish - Global Economic Analysis |
| Rethinking the Fed: More Tightening than Priced In Next Financial Crisis Coming Up |
| Time and time again, the Fed sows seeds of the next financial crisis in actions it takes to mitigate the previous financial crisis that it caused.
Have we reached that point yet?
The Guardian reports Central Banks Raise Alarm Over New Crash After Steep Rise in Lending.
Soaring stock markets, which have become detached from underlying values, were another sign that unjustified exuberance had replaced last year’s overly pessimistic reaction to political events such as the US election and the UK’Friday, July 7, 2017 |
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| USA GOLD - USA Gold |
| Gold Shrugs Off Rise In U.S. Consumer Confidence To 118.9 |
| Kitco News/Neils Christensen/06-27-17
Gold prices are relatively unchanged, holding on to some positive gains following economic data that highlight strong optimism among U.S. consumers.
Tuesday, the U.S. Conference Board, reported that its consumer confidence index rose to a reading of 118.9 in June, up from May’s revised reading of 117.9. Economists were expecting to see relatively weaker consumer sentiment, with consensus forecasts calling for a reading around 116.1.
Gold was showing modest gTuesday, June 27, 2017 |
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| USA GOLD - USA Gold |
| Morning Snapshot: Gold recovers from “mysterious” flash crash |
| USAGOLD/Peter Grant/06-27-17
Gold is recovering from yesterday’s “mysterious” flash crash. The yellow metal is now nearly $15 off of yesterday’s intraday low and has come within $4 of a full retracement of the plunge.
What of course is really mysterious is that there is never a flash rally in the paper market. Whether by accident or with intent, it’s always a massive sell order that hits the market. Invariably though, such losses can not be sustained.
Today we’ll see the April Case-Shiller home Tuesday, June 27, 2017 |
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| Mark O'Byrne - gold.ie |
| Inflation is no longer in stealth mode |
| IHS Markit index shows UK households pessimistic about finances for 2017-208
UK household finances remain under intense pressure from rising living costs
58 percent of respondents expected higher interest rates in 12 months time
Inflation in the United Kingdom currently at near four-year high
Prices up prices by 2.9pc year-on-year, biggest annual increase since June 2013
In May consumer spending in the UK fell for the first time in almost four years
By a continuing process of inflation, governmTuesday, June 20, 2017 |
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