SNB & CHF

The value of declaring the entire nation in or out of recession is limited. Recessions are typically only visible to statisticians long after the fact, but they are often visible in real time on the ground: business volume drops, people stop buying houses and vehicles, restaurants that were jammed are suddenly sepulchral and so on. There are well-known canaries in the coal mine in terms of indicators. These include...

Numbers from Bizarro-World The past few months have been really challenging for anyone invested in gold or silver; for me personally as well. Despite serious warning signs in the economy, staggering debt levels and a multitude of significant geopolitical threats at play, the rally in risk assets seemed to continue unabated. In fact, I was struggling with this seeming paradox myself. As I kept looking at the state of...

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Swiss Franc The Euro has fallen by 0.17% at 1.1226 EUR/CHF and USD/CHF, December 11(see more posts on EUR/CHF and USD/CHF, ) Source: markets.ft.com - Click to enlarge FX Rates Overview: Indications that US and Chinese trade talks are proceeding, coupled with a dramatic reversal in the S&P 500 yesterday is helping stabilize the capital markets today. Asian equities were mixed, but the Greater China (China,...

I joined Chris Wolfe from First Republic Wealth Management on the set of Bloomberg’s Daybreak to discuss market developments and the outlook for the US economy. We generally agreed that while the economy is slowing it is doing so from unsustainably strong levels. We also are both highly convinced that the Fed will increase rates later this month, and anticipate two hikes next year.  Investors, understandably with scar...

Switzerland is not a member of the European Union, but the close ties between the two are governed by over 120 bilateral sectoral accords negotiated since 1992 (Martin Ruetschi/Keystone) The Swiss government says it wants to carry out a public consultation before taking a final position on an “institutional framework” agreement negotiated with the European Union aimed at cementing future ties between Switzerland and its...

The real question is why no one says anything. They can continue to make these grossly untrue, often contradictory statements without fear of having to explain themselves. Don’t even think about repercussions. Even in front of politicians ostensibly being there on behalf of the public, pedigree still matters more than results. It’s actually worse than that since all that I’m talking about means it is these guys who...

  Close Gain/Loss On Week Gold $1248.40 +$10.10 +2.19% Silver $14.63 +$0.25 +3.25% XAU 67.94 +2.40% +5.40% HUI 153.93 +2.58% +6.13% GDM 560.05 +2.34% +5.32% JSE Gold 1201.13 -0.09 +9.31% USD 96.60 -0.14 -0.61% Euro 114.10 +0.24 +0.80% Yen 88.80 +0.01 +0.67% Oil $52.61 +$1.12 +3.30% 10-Year 2.856% -0.031 -4.86% Bond 143.90625 +0.34375 +2.27% Dow 24388.95 -2.24% -4.50% Nasdaq 6969.25 -3.05% -4.93% S&P 2633.08 -2.33%...

Ep. 155: Corey Lewandowski discusses Trump's Enemies, How the Deep State is Undermining the President (his latest book with David Bossie), the Mueller Investigation, Trump's view of the media, and how Trump can win back lost votes in 2020. We then provide a short clip Daves on-stage interview with Charlie Kirk and how Charlie, as an 18-year-old, started Turning Point USA. Then Keith Weiner discusses the benefits of Issuing Gold Bonds to cure our sovereign and state debt problems. Find...

Ep. 155: Corey Lewandowski discusses Trump's Enemies, How the Deep State is Undermining the President (his latest book with David Bossie), the Mueller Investigation, Trump's view of the media, and how Trump can win back lost votes in 2020. We then provide a short clip Daves on-stage interview with Charlie Kirk and how Charlie, as an 18-year-old, started Turning Point USA. Then Keith Weiner discusses the benefits of Issuing Gold Bonds to cure our sovereign and state debt problems. Find...