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… […]
Canada’s Eldorado Gold’s (TSX:ELD)(NYSE:EGO), Greece’s biggest foreign investor, is temporarily postponing its decision to halt operations and investment in the country as it begins talks with the government. “We are very pleased with the constructive dialogue that is underway with the Ministry of Energy and Environment,” chief executive George Burns said in the statement. “[However] we preserve […]
SOUTH Africa’s National Union of Mineworkers (NUM) said 67 of its members were staging an underground sit-in at Petra Diamonds’ Finsch mine after the union embarked on a strike over wages. “The NUM members at Finsch Mine in [the] Northern Cape have vowed to continue with their legal strike until Petra Diamonds addresses their demands,” […]
When I was growing up my father, probably much like yours, had pearls of wisdom that he would drop along the way. It wasn’t until much later in life that I learned that such knowledge did not come from books, but through experience. One of my favorite pieces of “wisdom” was: “Exactly how many warnings […]
JOHANNESBURG – The all share closed weaker on Wednesday as a firmer rand and a slump in Sasol’s share price dragged the market lower. In its first day of trade, however, Steinhoff Africa Retail (Star) performed well, in high-volume trade. Banking shares gained ahead of the Reserve Bank’s interest-rate decision on Thursday. Better than-expected consumer […]
The market has mostly interpreted the Fed’s action in line with our thinking. Despite the lowering of the long-run Fed funds rate, the shifting one of the three hikes from 2019 into 2020, and recognizing that the weaker price impulses are somewhat mysterious, the Fed clearly signaled its bias toward hiking rates one more time this […]
FORMER Anglo American CEO, Cynthia Carroll, was a conspicuous absentee of the UK group’s centenary celebration held at Vergelegen, the historic wine farm that Anglo owns. Several hundred guests were treated to music, speeches, and a cut of lamb in an event that, although bedecked beneath Vergelegen’s grandiose camphor trees, was nonetheless a demonstration of […]
Photo Credit: stewit ======== Just a note before I begin. My piece called “Where Money Goes to Die” was an abnormal piece for me, and it received abnormal attention. The responses came in many languages aside from English, including Spanish, Turkish and Russian. It was interesting to note the level of distortion of my positions […]
Democracy (i.e. political influence) and ownership of productive assets are the exclusive domains of the New Aristocracy. I have often used the words neoliberal, neocolonial and neofeudal to describe our socio-economic-political status quo. Here are my shorthand descriptions of each term: http://ads.investingchannel.com/adtags/OfTwoMinds/alternativeinvesting/300×250.js 1. Neoliberal: the commoditization / financialization of every asset, input (such as labor) and output of […]
NIA’s new #1 Cryptocurrency stock suggestion Hive Blockchain (TSXV: HIVE) gained another $0.58 or 46% today to close at $1.84 per share on insanely HUGE volume of 9,580,831 shares! NIA said after HIVE’s 31.25% gain yesterday that much larger gains were imminent and was 100% correct! One minute prior to today’s close, HIVE hit a […]
It is time to flush the toilet in Washington D.C., because the professional politicians that we have been sending there just keep betraying us over and over again. On Wednesday, I was absolutely stunned when I came across a brand new survey that was conducted by USA Today. They asked all of the members of […]
Due to socio-economic problems such as growing unemployment and poverty rates in South Africa, there has been rise in illegal gold mining. The Daily Sun recently released videos showing a little bit of the reality for these underground miners known as ‘zama zamas,’ which in Zulu loosely translates to “those who try to get something […]
I don’t do writing assignments. I don’t like deadlines. I am not a writer; I am an investor who thinks through writing. So when I was asked to write on the future of investing, my instinct was to politely decline. But the topic did seem intriguing. So I decided to give it a try. At […]
This post A Force Greater Than the Fed appeared first on Daily Reckoning. Yesterday the Donald announced he’s ready to reduce North Korea to dust. Today the Fed announced it’s ready to reduce its balance sheet to normal. Neither is good for stocks. So how did they take the news? Exactly as you’d expect — […]
Snippet: Gold gained $4.80 to $1315.90 in London before it dropped back to $1310.90 in early New York trade and then bounced back higher into midday, but it then fell to a new session low of $1296.10 after the release of today’s fed announcement and ended with a loss of 0.8%. Silver slipped to as […]
Currencies, bonds and major stock indexes were higher, commodities were mixed, and digital tokens fell hard again this week. The largest losses were in digital tokens, as Ethereum fell 14.2% and Bitcoin dropped 12.1%. The biggest gains were in coffee and crude oil, which added 10.1% and 6.9% respectively. The US Dollar was the best […]
To begin with, how exactly does one define “normalize” in reference to the Fed’s balance sheet? The Fed predictably held off raising rates again today. However, it said that beginning in October it would no longer re-invest proceeds from its Treasury and mortgage holdings and let the balance sheet “run off.” Here’s the problem with […]
The gold price sunk below $1,300 an ounce on Wednesday after the US Federal Reserve threw its nine-year old stimulus programme into reverse and signalled that it could raise rates again before the end of the year. In another day of heavy volumes with over 32m ounces changing hands on the Comex market in New York […]
September 20, 2017 It’s the Debt Stupid! The investment climate of 2017 has been characterized by thematic crosscurrents. Communication from global central bankers has at times appeared more hawkish, yet global rates of QE have only accelerated. Optimism for the Trump agenda initially levitated sentiment measures, but hard economic statistics failed to follow. Despite almost […]
Indian billionaire Anil Agarwal is planning to increase its investment in Anglo American (LON:AAL) by as much as 1.5 billion pounds ($2 billion), which would make him the biggest shareholder in the diversified miner. The acquisition of further shares will be done through Volcan Investments Ltd., the family trust of Agarwal, who is the founder and […]