SNB & CHF

Summary: Speculators have a large net short 10-year Treasury position. The gross short position is a record. CPI is likely to be softer, while retail sales may show a still robust consumer. The US reports January CPI figures tomorrow. The market seems especially sensitive to it. The main narrative is that it is an inflation scare spurred by the jump in January average hourly earnings that pushed yields higher...

- Click to enlarge Boise, Idaho (February 12, 2018) – The Idaho State House today overwhelmingly approved a bill which helps restore constitutional, sound money in the Gem State. State representatives voted 60-9 to pass House Bill 449 sending the measure introduced by House Majority Leader Mike Moyle and Senate Assistant Majority Leader Steve Vick to the Senate for a hearing in the Local Government and Taxation...

The conventional interpretation of “reflation” in the second half of 2016 was that it was simply the opening act, the first step in the long-awaiting global recovery. That is what reflation technically means as distinct from recovery; something falls off, and to get back on track first there has to be acceleration to make up that lost difference. There was, to me anyway, a lot of Japan in it, even still if “globally...

Opportunities in the Junior Mining Sector Maurice Jackson of Proven and Probable has recently interviewed Jayant Bandari, the publisher of Capitalism and Morality and a frequent contributor to this site. The topics discussed include currencies, bitcoin, gold and above all junior gold stocks (i.e., small producers and explorers). Jayant shares some of his best ideas in the segment, including arbitrage opportunities...

The weak hands in the gold market have been shaken out. In this final short interview for Matterhorn Asset Management, Lars Schall talks with both Jan Skoyles and John Butler. They both. The weak hands in the gold market have been shaken out. In this final short interview for Matterhorn Asset Management, Lars Schall talks with both Jan Skoyles and John Butler. They both. . The weak hands in the gold market have been shaken out. In this final short interview for Matterhorn Asset...

The weak hands in the gold market have been shaken out. In this final short interview for Matterhorn Asset Management, Lars Schall talks with both Jan Skoyles and John Butler. They both. The weak hands in the gold market have been shaken out. In this final short interview for Matterhorn Asset Management, Lars Schall talks with both Jan Skoyles and John Butler. They both. . The weak hands in the gold market have been shaken out. In this final short interview for Matterhorn Asset...

Swiss Labor Force Survey in the fourth quarter of 2017: Job Offer The number of persons in employment increases by 0.6 percent; Unemployment rate according to ILO is 4.5 percent Neuchâtel, 15 February (FSO) – The number of employed persons in Switzerland rose by 0.6% between the 4th quarters of 2016 and 2017. During the same period, the unemployment rate as defined by the International Labour Organisation (ILO) declined...

Monetary policy in 2018 is all about the Phillips curve. The extent to which wage growth and inflation respond to falling unemployment will shape the monetary tightening cycle. If recent price action is any guide, any surprise on that front could result in market overreaction and volatility spikes. The most elegant description of the current state of research was provided by ECB Executive Board member Benoît Coeuré...

Swiss Franc The Euro has fallen by 0.24% to 1.1535 CHF. EUR/CHF and USD/CHF, February 15(see more posts on EUR/CHF, USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates The significant development this week has been the recovery of equities after last week’s neck-breaking drop, while yields have continued to rise. The dollar has taken is cues from the risk-on impulse from the equity market and the...

Bitcoin and Crypto Prices Being Manipulated Like Precious Metals? – FSN Interview GoldCore [embedded content] Kerry Lutz of the Financial Survival Network (FSN) interviewed GoldCore’s Mark O’Byrne about the outlook for crypto currencies, financial markets and precious metals. – Are bitcoin and crypto prices being manipulated like precious metals? – Is there a coordinated backlash against bitcoin from JPM and powerful...