globaleconomicanalysis.blogspot.com / By Michael Shedlock / August 22, 2014
Is it time to short the dollar?
Saxo bank chief economist Steen Jakobsen thinks so. Via email from Steen …
What is wrong with changing your mind because the facts changed? But you have to be able to say why you changed [...]
news.goldseek.com / By Ira Epstein, The Linn Group / 22 August 2014
A positive for gold is that China just allowed three more banks, including a foreign lender, to import gold into China. This is yet another sign that China, the world’s largest gold buyer, is getting very serious about making Shanghai a gold [...]
goldbroker.com / By Léonard Sartoni / Aug 20, 2014
I believe the next 7-year cycle, from 2015 to 2021, will bring a crisis of “biblical proportions”, much worse than the 2008 crisis, that might resemble the ‘30s Great Depression even more but, this time around, with massive devaluation of the dollar and other paper [...]
mises.ca / by Henry Hazlitt / August 21st, 2014
The present worldwide inflation has done, and will continue to do, immense harm. But it may eventually lead to one great achievement. It may make it possible to restore (or perhaps it would be more accurate to say to create) a full 100 percent gold standard.
armstrongeconomics.com / by Martin Armstrong / August 21, 2014
Prosecutors are simply lawyers gone really bad and enjoy their power without comprehending the full depth of their actions. The sanctions against Standard Chartered are insane and this will drive more and more banks away from using the dollar in international transactions. It is the prosecutors [...]
mises.org / by Christopher Mayer / August 20, 2014
“The world is in permanent monetary crisis,” Murray N. Rothbard once observed, “but once in a while, the crisis flares up acutely, and we noisily shift gears from one flawed monetary system to another.” Monetary systems built on floating fiat currencies are fragile things. Most of [...]
marctomarket.com / by Marc Chandler / August 20, 2014
The US dollar is posting gains across the board. It has risen above JPY103 to its best level since early April. The euro has been pushed through the $1.33 and is at its lowest level since last September. The greenback is also edging higher against [...]
traderdannorcini.blogspot.com / Dan Norcini / Tuesday, August 19, 2014
It sure looks like it is. It all comes down to interest rate differentials in my view. The US, out of the big three, the Euro Zone and Japan, is the only economy where we are even talking about higher interest rates. The other two are [...]
zerohedge.com / by Tyler Durden on 08/19/2014 11:59
Weaker than expected inflation and better than expected housing data sparked a dump in commodities, surge in the USDollar and US stocks. US Treasuries were unsure at first but once the US cash session opened, bonds were sold hard. The trends of the morning though have [...]
armstrongeconomics.com / By Martin Armstrong / August 19, 2014
QUESTION: Marty; You have emphasized how you track world capital flows and conducted your research even in the flows of capital and disparity of interest rates between regions in the Roman Empire. You have mentioned that liquidity has collapsed and that capital has fled from [...]
marctomarket.com / by Marc Chandler / August 19, 2014
After gapping higher yesterday, sterling has been sent sharply lower today by the lower than expected inflation figures. Just last week, the BOE had indicated that the headline CPI likely rose at a 1.9% year-over-year rate in July. Instead, it was reported a 1.6% rise [...]
marctomarket.com / by Marc Chandler / August 18, 2014
Amid light new, the US dollar is slightly firmer against most of the major currencies, except sterling. Carney’s comments over the weekend, suggesting that the BOE will not necessarily wait for wages to rise before hiking rates, helped lift sterling after a six-week decline. Asian [...]
blog.milesfranklin.com / By Bill Holter / August 15th, 2014
I will answer the title’s question first with a flat “NO” and then explain.
Thursday, Vladimir Putin made the comments, “Russia should aim to sell its oil and gas for roubles globally because the dollar monopoly in energy trade was damaging Russia’s [...]
zerohedge.com / by Tyler Durden / 08/14/2014 08:15 -0400
On one hand, despite initial weakness following Europe’s triple-dip red alert, futures declined only to surge higher after some headline or another out of Russia was again spun to suggest imminent Ukraine de-escalation (something which Russia whose only interest is to keep crude prices [...]
garynorth.com / Gary North / August 13, 2014
The SDR is a fake currency issued by the International Monetary Fund.
It was invented in 1969, the first year of the Nixon administration. It was a stop-gap measure to save the fixed exchange rate system of currencies, which [...]
zerohedge.com / by Tyler Durden on 08/13/2014 16:07
Worst Japanese consumer spending data drop ever – BTFD. China financing slowed – BTFD. European industrial production tumbled – BTFD. US retail sales miss dramatically – BTFD. The worse the news the better the buy-the-dippiness as between JPY (102.50) and VIX (12 handle), US equities shrugged [...]
zerohedge.com / by Tyler Durden / 08/13/2014 09:02 -0400
Oddly, overnight news in Asia and Europe was terrible enough to juice US equity futures back to Monday’s highs (and run those stops) as USDJPY was pressed up to 102.50… but dismal US retail sales data sent them reeling. Treasury yields are tumbling (5Y now -3bps [...]
gold-eagle.com / Keith Weiner / August 12, 2014
An article caught my eye this week. The Tirumala Tirupati Temple in India has deposited gold at the State Bank of India, and is getting paid interest on their deposit. There is something unique about this. The interest is paid in gold.
To understand why no one [...]
marctomarket.com / by Marc Chandler / August 8, 2014
The key driver of the global capital market is the heightened geopolitical risks ahead of the weekend. These now include the US air strikes in Iraq, as well as a sense that the situation in the Ukraine is reaching an inflection point. Putin needs to [...]
gold-eagle.com / by Bob Kirtley / August 8, 2014
We are gold and silver bugs and as such we are aware of the myriad of factors that affect the price movements in the precious metals sector. Today we will take a quick look at just one of them; The US [...]
infowars.com / by PAUL JOSEPH WATSON / AUGUST 7, 2014
A whistleblower who was employed as a briefing researcher at the Federal Reserve has revealed that Fed governors were “highly alarmed” by a major internal report which revealed that Bitcoin would likely supercede the dollar system within the next 12 years.
The individual [...]
mauldineconomics.com / JOHN MAULDIN / AUGUST 6, 2014
Forbes Editor-in-Chief and longtime friend Steve Forbes leads off this week’s Outside the Box with a sweeping historical summary – and damning indictment – of the “cheap money” policies of the US executive branch and Federal Reserve. Four decades of fiat money (since Richard Nixon [...]
zerohedge.com / by Tyler Durden on 08/06/2014 12:21
No headlines on the tape for now but suddenly the world wants out of Dollars… (world’s FX traders searching for Sikorski and Putin’s “sell” button)… It appears led by major JPY buying as someone just puked a huge carry trade (25,000 JPY futures contracts or around [...]
caseyresearch.com / Chuck Butler / August 5, 2014 4:56am
In This Issue.
* Gold rallies as cease fire takes place? * Spanish & Italian Service PMI’s are better than expected! * Dollar has bias to buy over most currencies today! * Russian Oligarchs sell dollars buy honkers!
And Now. Today’s A Pfennig For Your Thoughts.
traderdannorcini.blogspot.com / Dan Norcini / August 5, 2014
By that, I am referring to the US Dollar, as portrayed by the USDX. The greenback is once again knocking on the door at the top of a nearly year long trading range. That door is up near the 81.65 level. The bottom of the range is [...]
silverdoctors.com / By Flynt Leverett and Hillary Mann Leverett / AUGUST 5, 2014
For four decades, the dollar’s standing as the world’s most important currency—which has under-girded much of America’s post-World War II primacy in international affairs—has rested largely on the greenback’s dominant role in international energy markets.Washington’s ability to leverage the security concerns of [...]
paulcraigroberts.org / BY Paul Craig Roberts / August 4, 2014
Last week’s government guesstimate that second quarter 2014 real GDP growth will be 4% seems nonsensical on its face. There is no evidence of increases in real median family incomes or real consumer credit that would lift the economy from a first quarter [...]
clivemaund.com / Clive P. Maund / August 3rd, 2014
We called the exact top in gold to the day in the last update 3 weeks ago, as it has since reacted back. Now the picture is more messy, with conflicting indications, but let’s see what we can make of it. There was no update [...]
marctomarket.com / by Marc Chandler / July 31, 2014
There have been important developments over the past 24 hours, and the net response has been a generally firmer US dollar and weaker equity markets. Bond yields are mixed, but US Treasury yields saw their biggest single day rise yesterday this year. Asia followed suit, [...]
caseyresearch.com / Chuck Butler / July 29, 2014 6:07am
In This Issue.
* Dollar holds a soft bias to buy. * Renminbi, S$ and Gold the only winners today. * Looking for better times in Canada. * Geopolitical Risks to return?
And Now. Today’s A Pfennig For Your Thoughts.
Counting Eggs Before They Are Hatched.