– Listen to Jesse Livermore and ignore the noise of short term market movements, central bank waffle and daily headlines – Stock and bond markets are overvalued but continue to climb… for now– What goes up must come down and investors should diversify and rebalance portfolios despite market noise– Behavioural biases currently drive markets, prompting legendary investors to be confused and opt out– Lesson is to prepare...
Read More »“Backdrop For Gold Today Is As Bullish As It Has Been In A Long Time” – GoldCore Dublin
Gold finished sharply higher on Monday, recouping roughly half of last week’s loss, as declines in the U.S. stock market and growing tensions between the U.S. and North Korea lifted prices for the yellow metal to the highest settlement in more than a week. December gold rose $14, or 1.1%, to settle at $1,311.50 an ounce. Prices, which lost about 2.1% last week, saw their highest finish since Sept. 15, according to...
Read More »Gold Investment “Compelling” As Fed Likely To Create Next Recession
Gold Investment “Compelling” As Fed Likely To Create Next Recession – Is the Fed about to kill the business cycle? – 16 out of 19 rate-hike cycles in past 100 years ended in recession – Total global debt at all time high – see chart – Global debt is 327% of world GDP – ticking timebomb… – Gold has beaten the market (S&P 500) so far this century – Safe haven demand to increase on debt and equity risk – Gold looks...
Read More »Pensions and Debt Time Bomb In UK: £1 Trillion Crisis Looms
– £1 trillion crisis looms as pensions deficit and consumer loans snowball out of control– UK pensions deficit soared by £100B to £710B, last month– £200B unsecured consumer credit “time bomb” warn FCA– 8.3 million people in UK with debt problems– 2.2 million people in UK are in financial distress– ‘President Trump land’ there is a savings gap of $70 trillion– Global problem as pensions gap of developed countries...
Read More »“This Is Where The Next Financial Crisis Will Come From” – Deutsche Bank
In an extensive, must-read report published on Monday by Deutsche Bank’s Jim Reid, the credit strategist unveiled an extensive analysis of the “Next Financial Crisis”, and specifically what may cause it, when it may happen, and how the world could respond assuming it still has means to counteract the next economic and financial crash.In our first take on the report yesterday, we showed one key aspect of the “crash”...
Read More »Global Debt Bubble Understated By $13 Trillion Warn BIS
– Global debt bubble may be understated by $13 trillion: BIS – ‘Central banks central bank’ warns enormous liabilities have accrued in FX swaps, currency swaps & ‘forwards’ – Risk of new liquidity crunch and global debt crisis – “The debt remains obscured from view…” warn BIS Global debt may be under-reported by around $13 trillion because traditional accounting practices exclude foreign exchange derivatives used...
Read More »Global Debt Bubble Understated By $13 Trillion Warn BIS
– Global debt bubble may be understated by $13 trillion: BIS – ‘Central banks central bank’ warns enormous liabilities have accrued in FX swaps, currency swaps & ‘forwards’ – Risk of new liquidity crunch and global debt crisis – “The debt remains obscured from view…” warn BIS Global debt may be under-reported by around $13 trillion because traditional accounting practices exclude foreign exchange derivatives used...
Read More »Bitcoin Price Falls 40percent In 3 Days Underling Gold’s Safe Haven Credentials
– Bitcoin price action shows cryptos vulnerable to commentary and government policies– Bitcoin falls to low of $2,980, down by $1,000 in week as China flexes muscles– Volatility major issue: In 3 days btc fell 40% before bouncing 25% off lows– BIS state risks of cryptos cannot yet be fully assessed and says technology still unproven– Apple and Google developing a payment API for cryptos – may give governments full...
Read More »Gold Up, Markets Fatigued As War Talk Boils Over
North Korea threatens to reduce the U.S. to ‘ashes and darkness’ Markets becoming used to ongoing provocations from North Korea Russia and China continue to support watered down versions of sanctions on Kim’s regime Both NATO and Russia running war games on one another’s borders Putin says Russia will “give a suitable response” to NATOs threatening behaviour Gold set to climb as fears over economy and war will drive...
Read More »Oil Rich Venezuela Stops Accepting Dollars
President Maduro ” Venezuela will create a basket of currencies to free us from the dollar,” Oil traders ordered to stop accepting U.S. dollar in exchange for crude oil Order comes following calls from Russia and China to find alternatives to current reserve system U.S. Dollar accounts for two-thirds of global trade Venezuela has over ten-times more oil than United States Super powers are gradually turning to gold to...
Read More »