Tag Archives: Featured

The global capital markets are stabilizing for the first time since the UK referendum.  It is not uncommon for markets to move in the direction of underlying trends on Friday’s; see follow-through gains on Monday, and a reversal on Tuesday.  That is what is happening today.  Turnaround Tuesday after such dramatic price action over the last two sessions has the feel of the proverbial dead cat bounce. Brexit There has...

The Swiss Sovereign Money Initiative targets the Swiss banks, that already today are quite conservative in giving new loans.  It fails to target the real responsible of the massive Swiss money creation, the Swiss National Bank. “If you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit.” –Josiah Stamp Isaac Davis, Staff...

“We’re moving into a global recession that has nothing to do with Brexit,” warns Marc Faber stressing that Britain leaving the EU would not be disastrous, saying that if Switzerland can operate in a “single” market and outside of the EU so can Britain.  “Brexit is a victory of ordinary people, common sense and people who are prepared to take responsibility for the sake of freedom against a political and...

Summary If conditions are exceptional, isn’t BOJ intervention more likely? If conditions are exceptional, the ban on European government supporting banks might not be valid. Italy is leading the charge in Europe. How exceptional are market developments? Much rests on the answer. If these are extraordinary circumstances, then Japanese intervention becomes more likely. Of course, Japanese policymakers have been...

  The 10th Anniversary Edition of the “In Gold We Trust” Report As every year at the end of June, our good friends Ronald Stoeferle and Mark Valek, the managers of the Incrementum funds, have released the In Gold We Trust report, one of the most comprehensive and most widely read gold reports in the world. The report can be downloaded further below. The report celebrates its 10th anniversary this year. As always, a...

A Dying Order Last Thursday, the Brits said auf Wiedersehen and au revoir to the European Union. On Friday, the Dow sold off 611 points – a roughly 3.5% slump. What’s going on? In Europe and the U.S., the masses are getting restless. Mr. Guy Wroble of Denver, Colorado, explained why in a short letter to the Financial Times: The old liberal world order is dying because the cost-benefit ratio for the average person in...

Summary Sterling’s losses are not simply a product of thin liquidity or panic. Both main political parties are in disarray just when strong leadership is needed. The rough projection pre-vote of what could happen on Brexit suggests $1.20-$!.2750. This Great Graphic shows sterling’s monthly performance since 1971, according to Bloomberg data. There have been several powerful trends. The rally from $1.40 to $1.50...

Authored by Alastair Macdonald, originally posted at Reuters.com, Stalemate between Britain and the European Union over what happens next following Britons’ referendum vote to leave has opened up a host of possible scenarios. Here are some that are (in some cases, barely) conceivable: 1. BY THE BOOK Prime Minister David Cameron, who said he will resign after losing his gamble to end British ambivalence about...

With global attention focused on BREXIT calamity, potentially more important questions are being overlooked, and especially in the South China Sea where storms are currently brewing between China and a range of littoral states for strategic control of territorial waters. To be clear, our long term geostrategic position remains unchanged; China moving towards the ‘nine dash’ line China will gradually secure control of...

Summary Sterling falls through last week’s low. Spanish election results suggest a UK is not necessarily a harbinger to anti-globalization forces. Yuan sells off and China breaks diplomatic contact with Taiwan. FX Rates Sterling has been sold beyond the panic low seen when it became clear that UK voters were choosing to leave the EU though nearly every economists warned of at least serious short- to...