Articles related to policy
 
Nathan Lewis - New World Economics
  The Silliness of the Bretton Woods Years
We’re continuing our look into One Nation Under Gold (2017), by James Ledbetter. October 2, 2017: One Nation Under Gold (2017), by James Ledbetter Ledbetter glided quickly over the period from 1914 to 1931, taking up the story again in earnest with the British devaluation of 1931 and, especially, the U.S. devaluation of 1933. This was treated with some interesting detail. However, Ledbetter made almost no mention of the fact that the U.S. returned to gold at the beginning of 1934 at $35/oz., and
Monday, October 16, 2017
Alasdair Macleod - Finance and Eco.
Oil for gold – the real story
Following an article in the Nikkei Asia Review, which reported China will shortly introduce an oil futures contract priced in yuan, there has been some confusion about what it means. The article pointed out that in combination with existing gold futures priced in yuan, an oil exporter to China contracting to accept yuan could use these two futures contracts to take delivery of physical gold in payment for oil.I was quoted in that article as follows:"It is a mechanism which is likely to appeal to
Sunday, October 15, 2017
Gary Tanashian - Biwii
Update on Q4 Pivot View for Stocks and Gold
By Gary TanashianReference a post from August 11: Potential Pivots Upcoming for Stocks and GoldStock Market StatusIn the above-linked article we noted several legs that could be kicked out from under the S&P 500’s table in Q4 2017. The stock market blew right through one of them, which was a bearish (on average) seasonal trend for the 2nd half of September. No one indicator is a be all, end all. In sum, they define probabilities. But price is the ultimate arbiter and as of today, price says ‘sti
Friday, October 13, 2017
Przemyslaw Radomski CFA - SunshineProfits
FOMC Minutes from September 2017 Meeting and Gold
Yesterday, the minutes of the Federal Reserve’s September meeting were released. What do they say about the Fed’s stance and what do they mean for the gold market? How can we summarize the recent FOMC minutes? As earlier this year, the FOMC members agreed that “the labor market had continued to strengthen and that economic activity had been rising moderately so far this year”. The U.S. central bankers also noted that the economic impact of recent hurricanes would only be short-lived. But the mos
Thursday, October 12, 2017
Mark O'Byrne - gold.ie
Young Guns of Gold Podcast – ‘The Everything Bubble’
– Precious Metal Roundtable discuss gold in 2017 and outlook – Gold +9.1% year to date; Performing well given Fed raising rates, lack of volatility and surge in stock markets – “People are expecting too much from gold” – Economy: Inflation indicators, recession on the horizon, global debt issues – Global demand: ETF inflows, Russia central bank purchases, Germany investment figures and international coin demand bode well for gold – “First monetary inflation, then asset inflation, next is price i
Thursday, October 12, 2017
Bullion Vault
Silver + Gold Jump as China Returns from Holidays, N.Korea + Catalonia Tensions 'Support' After Comex Bulls Retreat
GOLD and SILVER edged higher against a falling Dollar in Asian and London trade Monday, each gaining half-a-per-cent after traders in world No.1 consumer country China returned from national holidays. Gold prices at one point touched $1284 per ounce, some 1.9% above Friday's fresh 8-week low, as the US currency retreated against major rivals and world stock markets fell for a second day from last week's fresh all-time record highs.
Wednesday, October 11, 2017
Jan Skoyles - GoldCore
London House Prices Are Falling – Time to Buckle Up
– London house prices fall in September: first time in eight years – High-end London property fell by 3.2% in year – House sales down by over a very large one-third – Global Real Estate Bubble Index – see table – Brexit, rising inflation and political uncertainty causing many buyers to back away from market – U.K. housing stock worth record £6.8 trillion, almost 1.5 times value of LSE and more than the value of all the gold in world – Homeowners and property investors should diversify and invest
Wednesday, October 11, 2017
Bullion Vault
Gold Bullion 'In Demand' as Dollar Slips, Fed Minutes Due, Madrid Faces Down Catalan Leader
GOLD BULLION held flat against a falling US Dollar on Wednesday, trading at $1290 per ounce as Madrid delayed taking control of breakaway Spanish region Catalonia after the governor in Barcelona delayed a formal proclamation of independence. New Japanese data showed strong growth in orders for both machinery and machine tools. Major government bond prices edged down with global stock markets, nu
Tuesday, October 10, 2017
Bullion Vault
Gold Bars +2.6 for Week So Far as US Fed Dents Dollar, T-Bond Correlation Grows Ever-Stronger
GOLD BARS traded in London's wholesale market rose sharply early Thursday as the Dollar fell on the currency market following 'dovish' comments in the US Federal Reserve's latest policy-meeting notes. The greenback then rallied and gold slipped to $1292 per ounce after new data showed US producer price inflation beating analyst forecasts for September with a 2.6% annual rate. Minutes from the Fe
Monday, October 9, 2017
Chris Martenson
  Betrayal!
Let me apologize in advance for what may be an upsetting piece of writing for some of you. If you're in a state of shock or exhaustion from recent events, perhaps you should skip this one. I don't offer this analysis in order to further distress anyone -- but until you understand what is happening and how that influences your psychological state, you'll remain the emotional equivalent of a rag doll shaken to-and-fro by events. Such understanding may not bring you to a place of calm acceptance. B
Monday, October 9, 2017
Mark O'Byrne - gold.ie
Gold Investment In Germany Surges – Now World’s Largest Gold Buyers
– Gold investment in Germany surged in past 10 years – Germans are largest gold buyers in world: WGC research – Gold investment in Germany surges to €6.8B in 2016 – Gold demand per person is highest in world – double Chinese, UK and U.S. demand – Gold one of the most popular investment for retail investors especially those with high incomes – 59% of respondents agreed with the statement that gold will never lose its value in the long-term – 48% agreed with the statement that owning gold makes me
Friday, October 6, 2017
Alasdair Macleod - Finance and Eco.
The upcoming increase in interest rates
Last week, both Janet Yellen of the Fed and Mark Carney of the Bank of England prepared financial markets for interest rate increases. The working assumption should be that this was coordinated, and that both the ECB and the Bank of Japan must be considering similar moves.Central banks coordinate their monetary policies as much as possible, which is why we can take the view we are about to embark on a new policy phase of higher interest rates. The intention of this new phase must be to normalise
Friday, October 6, 2017
Adrian Ash - Bullion Vault
The Guild of Thrall: Warsh Fed Edition
Measured and authoritative. So there... SO WHAT qualities might Donald Trump want in the next chair of the Federal Reserve? asks Adrian Ash at BullionVault. "We'll do whatever we can do to prevent Kevin Warsh from taking on the role," says Jennifer Epps-Addison, president of the self-declared 'pro-worker, pro-immigrant' Center for Popular Democr
Friday, October 6, 2017
Mac Slavo - ShtfPlan
Catalan Independence: Why The Collective Hates It When People Walk Away
This report was originally published by Brandon Smith at Alt-Market.com I have written many times in the past about the singular conflict at the core of most human crises and disasters, a conflict that sabotages human endeavor and retards critical thought. This conflict not only stems from social interaction, it also exists within the psyche of the average individual. It is an inherent contradiction of the human experience that at times can fuel great accomplishment, but usually leads to great
Friday, October 6, 2017
Przemyslaw Radomski CFA - SunshineProfits
Japanese Snap Election and Gold
Last week, Japan’s Prime Minister, Shinzo Abe, called a snap election. What does it imply for the gold market? The German parliamentary election and crisis over Catalonia have recently brought the investors’ attention to the Europe. However, interesting developments have also been unfolding in Japan. On September 25, 2017 Shinzo Abe, Japan’s Prime Minister, called a snap election to take advantage of a weak opposition and to strengthen his mandate to handle the demographic crisis and tensions ov
Thursday, October 5, 2017
Gary Tanashian - Biwii
As Good as it Gets; Like 2000 With a TWIST
By Gary TanashianWith the Semiconductor sector below but hailing its all-time highs, a lot of images come to mind; chief among them the 1999-2000 stock market bubble…In early 2013 we noted a progression that would go on to birth the current economic expansion and stock market boom (of course, I didn’t come close to envisioning the extent of the boom that followed). I’ve belabored it often since, but here’s the short version of the progression yet again…Fiscal Cliff drama resolves into market rel
Thursday, October 5, 2017
Nathan Lewis - New World Economics
The GOP’s Tax Framework Looks Good. Let’s Do It.
(This item originally appeared at Forbes.com on October 5, 2017.) https://www.forbes.com/sites/nathanlewis/2017/10/05/the-gops-tax-framework-looks-good-lets-do-it/#509e95f5784a   The Republican Party has released its framework for tax reform. I like it a lot. First, let me congratulate all those, within Congress and throughout the policymaking intelligentsia, who kept their eye on what really matters: It’s the economy, stupid. A healthy economy helps solve every other problem. It reduces the de
Thursday, October 5, 2017
Bullion Vault
Gold Prices Rise for UK + Euro Investors as Catalan Banks Look for Exit, Hapless May Risks Leadership
GOLD PRICES slipped against a rising US Dollar in London trade Thursday, cutting the metal's recent losses in terms of other currencies such as the Euro as political tensions rose in the UK and Spain. Ahead of Friday's official monthly jobs estimate, the Dollar price of gold held around $1275 per ounce as new data showed claims for jobless benefits rising less than analysts forecast last week. T
Thursday, October 5, 2017
Mish - Global Economic Analysis
Albert Edwards “Fed is a Slave to the SP 500”: Would Kevin Warsh Change That?
Society General’s Albert Edwards was at the Bank Credit Analyst annual conference in New York last week. Also in attendance were Larry Summers, Paul Volcker, and potentially the next Fed Chair, ex Fed-Governor Kevin Warsh. Edwards’ email comments on Warsh and Summers ring a bell with me. I was the first speaker and afterward I enjoyed listening to every other speaker at the two-day event. Most notable of the outside economics speakers were Paul Volker, Larry Summers, and most significantly fo
Wednesday, October 4, 2017
Axel Merk - Merk Fund
Tax Reform: Implications for Gold
Axel Merk, Merk Investments October 4, 2017  Follow @AxelMerk Tweet Last week, I got several calls asking me how U.S. tax reform will impact the price of gold. If you can answer this question, you might be able to answer how tax reform will impact other assets. Let me explain. If you were to analyze the impact of any tax changes on any asset, you have two sets of dynamics to consider: those of the tax reform and thos
Wednesday, October 4, 2017
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