Tag Archives: Daily Market Update

Former Fed Chairman warns of bond bubble, stagflation “Moving into a … stagflation not seen since the 1970s” This will not be “good for asset prices” 10 Yr Gov bond yields fell from 15.8% in 1981 to 2.3% Interest rates will not stay low, will rise ‘reasonably fast’ “Normal” interest rates in 4%-5% range Inflation will not stay at historically low levels Gold “protects savings” and is “store of value” Gold is the...

Former Fed Chairman warns of bond bubble, stagflation “Moving into a … stagflation not seen since the 1970s” This will not be “good for asset prices” 10 Yr Gov bond yields fell from 15.8% in 1981 to 2.3% Interest rates will not stay low, will rise ‘reasonably fast’ “Normal” interest rates in 4%-5% range Inflation will not stay at historically low levels Gold “protects savings” and is “store of value” Gold is the...

‘Mother of all debt bubbles’ keeps gold in focus Global debt alert: At all time high of astronomical $217 T India imports “phenomenal” 525 tons in first half of 2017 Record investment demand – ETPs record $245B in H1, 17 Investors, savers should diversify into “safe haven” gold Gold good ‘store of value’ in coming economic contraction Gold’s medium- to long-term investment case, I believe, looks even brighter. Many...

Easy credit offered by UK banks is endangering “everyone else in the economy” UK banks are “dicing with the spiral of complacency” again Bank of England official believes household debt is good in moderation Household debt now equals 135% of household income Now costs half of average income to raise a child Real incomes not keeping up with real inflation 41% of those in debt are in full-time work £1.537 trillion owed...

– Gold seasonal sweet spot – August and September – is coming– Gold’s performance by month from 1979 to 2016 – must see table– August sees average return of 1.4% and September of 2.5%– September is best month to own gold, followed by January, November & August Looking back at gold’s performance since 1979, August and September are big months for the yellow metal. What is the cause? No one really knows but there are...

Commercial Property Market Is Inflated and May Burst Again Dublin property investors had better hope that Brexit happens soon. They should also hope that it’s not just a ‘hard’ Brexit, but a granite Brexit — a Brexit that’s as hard as possible. They should be betting on the buffoonery of Boris Johnson, down on both knees praying for a massive barney between Davis and Barnier. A granite Brexit might prompt the migration...

– Gold hedge against currency devaluation – cost of fuel, food, housing – True inflation figures reflect impact on household spending– Household items climbed by average 964%– Pint of beer sees biggest increase in basket of goods – rise of 2464%– Bread rises 836%, butter by 1023% and fuel (diesel) up by 1375%– Gold rises 2672% and hold’s its value over 40 years– Savings eaten away by money creation and negative interest...

 Bank of England warn that “bigger systemic risk” now than in 2008 BOE, Prudential Regulation Authority (PRA) concerns re financial system Banks accused of “balance sheet trickery” -undermining spirit of post-08 rules  EU & UK corporate bond markets may be bigger source of instability than ’08 Credit card debt and car loan surge could cause another financial crisis PRA warn banks returning to similar practices to...

In Gold we Trust Report: Bull Market Will Continue The 11th edition of the annual “In Gold we Trust” is another must read synopsis of the fundamentals of the gold market, replete with excellent charts by our friend Ronald-Peter Stoeferle and his colleague Mark Valek of Incrementum AG. Gold Bull Market - Click to enlarge Key topics and takeaways of the report: – “Sell economic ignorance, buy gold …” – Many signals...

by Reuters * Gold prices could see strong intraday volatility – analyst* UK election, Ex-FBI director testimony, ECB meeting set for later in the day* Downside for gold is “limited” (especially in sterling) Gold held steady on Thursday as investors awaited cues on market direction amid a number of geopolitical events later in the day that could boost the safe-haven demand for the metal. Gold prices in UK sterling...