Money and statistical delusions

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I can prove anything with statistics, except the truth — Lord Canning, c. 1819 Does Canning’s aphorism still hold true, given that data collection and statistical analysis have progressed beyond all recognition in the last two hundred years? This article tests that proposition. It is still true, because of the interests for which statistics are… Read More

Monetary inflation: the next step

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Earlier this month the US Treasury released its plan to flood the financial system with cash by reducing its balance on its general account at the Fed by $1.229 trillion by not renewing an equivalent amount of T-Bills. Separately, the Fed will continue with its QE at the rate of $120bn every month, which combined… Read More

Silver – the rally is yet to come

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Silver prices have been on a rollercoaster ride over the past weeks, probably also fueled by social media activity. However, we think silver has solid fundamental support at these levels and risks over the medium-term are strongly skewed to the upside. Four years ago, we presented our silver price framework in which we attempted to… Read More

The destructive force and failure of QE

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This article concludes that quantitative easing as a means of stimulating economies and financing government deficits will fail. The underlying assumption is that the transmission of additional money to non-banks in order to inflate financial assets, and to banks to cover government finances, will become too great in 2021 for it to succeed without undermining… Read More

IDC-backed community group Baroka ba Nkwana interested in buying Bokoni from Amplats

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COMMUNITY group Baroka ba Nkwana has submitted an expression of interest in the Bokoni mine, the Limpopo province mine that was written down for R4.5bn by Anglo American Platinum (Amplats) in 2017. BusinessLive said it had documents showing that the community’s Ayana Baroka group, backed by the government-owned Industrial Development Corporation, wanted to buy Bokoni mine.… Read More

EOS Stable Staking Token & Digital Debit & Credit Cards

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Montreal – TheNewswire – August 13, 2020 – ZeU Crypto Networks Inc. (CSE:ZEU) (CNSX:ZEU.CN) is pleased to announce that it has initiated the process to obtain a license to operate a financial institution in Malta. ZeU will integrate remittance and micro-lending, as well as creating Mula- and ZeU-branded debit and credit cards to integrate with… Read More

Sibanye keeps option to increase Lonmin offer against rival bid

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Sibanye Gold Ltd. reiterated that its increased offer for Lonmin Plc is final, but kept its option open to sweeten the deal for the platinum producer should a rival bid emerge. While its current offer “is final and will not be increased,” the company “reserves the right to set aside the no increase statement if… Read More

Palladium prices still aren’t high enough: David Fickling

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Platinum’s lesser-known cousin keeps going from strength to strength. Palladium, once considered an unattractive byproduct of platinum mining until the rise of catalytic converters in the 1970s, is hitting new records. Spot metal peaked at an all-time high $1,344.41 a troy ounce Wednesday. Over the past month, it’s been more costly than gold, which hasn’t… Read More

Mainstream media acknowledges China will likely compel Saudi’s to sell oil in RMB, causing major hit to dollar and Petrodollar

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In an interview on CNBC on Oct. 11, economist Carl Weinberg told the business network that China is going to compel Saudi Arabia to sell them their oil in the Yuan currency, which will have a serious consequence to the dollar and the Petrodollar system.
Beijing is likely to “compel” Saudi Arabia to sell crude oil in yuan, and others will follow, according to the chief economist and managing director at High Frequency Economics Carl Weinberg. This will hit the US dollar, he says. In an interview with CNBC Weinberg said China has become a key player in the oil market since overtaking the US to become the world's largest importer. Saudi Arabia has “to pay attention to this because even as much as one or two years from now, Chinese demand will dwarf US demand,”Weinberg told the media.
“I believe that yuan pricing of oil is coming and as soon as the Saudis move to accept it — as the Chinese will compel them to do — then the rest of the oil market will move along with them,” he added. A..