Author: Admin

“A Scramble For Gold Has Begun”

Admin
“A Scramble For Gold Has Begun”

Authored by James Rickards, originally posted at The Telegraph, For a century, elites have worked to eliminate monetary gold, both physically and ideologically. This began in 1914, with the UK’s entry into the First World War. The Bank of England wanted to suspend convertibility of bank notes into gold. Keynes counselled wisely that the bank should not do so. Gold was finite, but credit elastic. By staying on gold, the UK could maintain its credit, and finance the war effort. This transpired. The House of Morgan organised massive credits for…

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China Embraces Gold In Advance Of Post-Dollar Era

Admin
China Embraces Gold In Advance Of Post-Dollar Era

To challenge the US dollar hegemony and increase its power in the global realm of finance, China has a potent gold strategy. Whilst the State Council is preparing itself for the inevitable decay of the current international monetary system, it has firmly embraced gold in its economy. With a staggering pace the government has developed the Chinese domestic gold market, stimulated private gold accumulation and increased its official gold reserves in order to ensure financial stability and support the internationalisation of the renminbi. “The outbreak of the crisis and its…

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Fundamental-Analysis: US remains on solid course, Fed on track for further rate hikes

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Fundamental-Analysis: US remains on solid course, Fed on track for further rate hikes

“So yes, there is accommodation in the monetary policy that we have. But we think the gradual path of rate increases will be appropriate” –  Janet Yellen, Fed Chair  Fed Chair Janet Yellen said that the US central bank did not make a mistake in hiking interest rates in December, a move that was followed by massive turbulence in financial markets and further weakening of the global economy. Yellen said that as the US economy remains on a solid ground with some signs of inflation. Moreover, seven years after the severe…

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Gold & Silver Surge Amid Crude & Copper Carnage

Admin
Gold & Silver Surge Amid Crude & Copper Carnage

As the growth mirage fades (and short-squeeze ammo runs out), so crude and copper carnage is reappearing. Amid its biggest plunge since early Jan, Copper is now down 10 of the last 12 days and crude is plunging back towards it 50-day moving average. Amid this bloodbathery, precious metals are bid as Saxo Bank sees Gold “heading back to its highs and beyond.” Copper & Crude carnage continues as PMs are bid…   The biggest plunge in copper since September 2015…   Which as Saxo Bank’s Ole Hanson notes, is…

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Fundamental Analysis: Canada’s trade deficit unexpectedly triples in February

Admin
Fundamental Analysis: Canada’s trade deficit unexpectedly triples in February

“This is pretty disappointing, and it’s a rude awakening for the Canadian economy” –  Desjardins Group  Canada’s trade deficit swelled in February more than expected amid the sharpest decline in exports in almost seven years. Canada’s trade deficit grew to $1.9 billion in February, more than triple the shortfall of $628 million the month before, Statistics Canada reported. Exports plunged 5.4%, the biggest month-on-month decrease since May 2009, on a combination of lower prices and a 2.2% decline in volumes. Imports also dropped 2.6%, due to lower prices as well as…

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EUR/USD Weekly Fundamental Analysis – April 4- 8, 2016 -Forecast

Admin
EUR/USD Weekly Fundamental Analysis – April 4- 8, 2016 -Forecast

The EUR/USD ended the week with a 2% gain at 1.1389 on better than expected data, but the climb in the euro is weighing heavily on exporters and the ECB plans. The US dollar fell most of the month on dovish FOMC outlooks.  The euro zone economy continues to face significant headwinds from the influx of refugees, heightened security challenges amid terrorist attacks, uncertainty surrounding the outcome of the UK’s EU referendum, rising political polarization, and new bank regulations. However, after economic indicators showed signs of slowing growth dynamics in…

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The Next Big Problem: “Stagflation Is Starting To Show Across The Economy”

Admin
The Next Big Problem: “Stagflation Is Starting To Show Across The Economy”

In the past few months, the Bureau of Labor Statistics has gone out of its way to show that U.S. worker compensation is finally rising. There is one problem with that: while that may be true on an hourly basis… … on a weekly basis, the picture is vastly different. What is happening is that weekly wage growth have gone nowhere in years, but because the average hours worked per week has declined and today hit a 2 year low of 34.4, it translates into more money per hour worked….

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GBP/USD Weekly Fundamental Analysis – April 4- 8, 2016 -Forecast

Admin
GBP/USD Weekly Fundamental Analysis – April 4- 8, 2016 -Forecast

The GBP/USD gained just 0.57% last week to trade at 1.4224 seeing an annual fall of 3.49% as Brexit continues to weigh on the currency. Although GDP beat forecasts recently manufacturing data was a bit weaker.  The UK outlook is being dominated by the build up to the June 23rd referendum on whether the UK should leave the EU or Brexit for short. The more reliable phone-based opinion polls are showing a lead of close to 10% for the “stay” camp.However, that is down from over 20% at the end…

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