Tag Archives: newslettersent

.The essence of capitalism is not strictly capital. In the modern sense, the word capital has taken on other meanings, often where money is given as a substitute for it. When speaking about things like “hot money”, for instance, you wouldn’t normally correct someone referencing it in terms of “capital flows.” Someone that “commits capital” to a project is missing some words, for in the proper sense they are “committing...

  Keeping it Simple We recently (on Thursday last week to be precise) put together a few gold-related charts based on the “keep it simple” principle. The annual Incrementum “In Gold We Trust” report is going to be published shortly and contains a quite thorough technical analysis section, so we will keep this brief and just discuss a few things that have caught our eye. So what is the “conundrum”? We will get to that...

Swiss Franc The Euro has risen by 0.01% to 1.0883 CHF. EUR/CHF - Euro Swiss Franc, June 01(see more posts on EUR/CHF, ) - Click to enlarge FX Rates The US dollar is mostly firmer against the major currencies.  It is consolidating yesterday’s losses more than staging much of a recovery.  Even sterling, where a YouGov poll has the Tory lead at three percentage points, down from seven previously, is above yesterday’s...

Companies have been spending money thinking of ways to cope with the strong franc - Click to enlarge Swiss companies invested record volumes in research and development (R&D) in 2015, despite the franc exploding in value at the start of that year. The private sector was responsible for most of the CHF22 billion ($22.6 billion) R&D spending in 2015, according to official figures released on Monday. This was an...

Do you think silver is poised to go higher? I sure do. That’s because I’m watching what is going on in the world’s silver ETFs. I’m also watching the mountain of forces that are piling up to push the metal higher. Look at this chart. It shows all the metal held by the world’s physical silver ETFs (black line). And all the metal held by the world’s physical gold ETFs (blue line) … Gold And Silver Prices, May 2016 - May...

The Consumer Price Index (CPI) measure of inflation is bogus on a number of fronts, a reality I’ve covered a number of times: though the heavily gamed official CPI is under 2% for the past four years, the real rate is 7% to 12%, depending on whether you happen to live in locales with soaring rents/housing and healthcare costs. The Burrito Index: Consumer Prices Have Soared 160% Since 2001 (August 1, 2016) Revealing the...

Swiss Franc The euro is lower at 1.0885 (-0.18%). EUR/CHF - Euro Swiss Franc, May 31(see more posts on EUR/CHF, ) - Click to enlarge GBP/CHF Corbyn gains on the Tories. Theresa May calling a snap general selection seemed to be a wise move while the opposition was so weak. With a Tory victory seeming almost inevitable at that point Sterling strengthened against the majority of major currencies. This is due to a...

Summary: No impact from the latest North Korean missile test. Polls suggest Tories still ahead for the June 8 election. Prospects of an Italian election this year weighed on Italian stocks and bonds. The markets of the world’s two largest economies, the US and China were closed on Monday, May 29.    As one would expect, capital markets were mostly quiet. Even the launch of another ballistic missile test by...

Labors with No Fruits It’s been a long row to hoe for most workers during the first 17 years of the new millennium.  The soil’s been hard and rocky.  The rewards for one’s toils have been bleak. For many, laboriously dragging a push plow’s dull blade across the land has hardly scratched enough of a rut in the ground to plant a pitiful row of string beans.  What’s more, any bean sprouts that broke through the stony...

What do we call a status quo in which “emergency measures” have become permanent props? A failure. The “emergency” responses to the Global Financial Meltdown of 2008-09 are, eight years on, permanent fixtures. Everyone knows what would happen if the deficit spending, money-printing, zero interest rates, shadow banking, asset purchases by central banks and all the rest of the Keynesian Cult’s program stopped: the status...