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Tag Archives: Precious Metals

Manic Monday Becomes Turmoil Tuesday As China Rocks The Global Boat

In honor of China's historic devaluation, today seemed like a two-clip day... For the Traders... and of course... for the news media after yesterday's celebrations...   Ok, having got that off our chest we start with... USDCNH's collapse (utterly destroying carry traders as implying vol exploded) has continued after China's close...   Is it any wonder that carry trades worldwide exploded? US equities roundtripped all of yesterday's gains... then bounced......

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“They’ll Blame Physical Gold Holders For The Failure Of Monetary Policies” Marc Faber Explains Everything

Submitted by Johannes Maierhofer and Peter Matay via, In this exclusive interview with Marc Faber covers it all: from commodities and China to the outlook on inflation, the Euro and gold. According to him the global economy is not healing. To the contrary, we might find ourselves back into recession within six months or a year. In that case he expects more money printing by central banks, which eventually could lead to high inflation rates and renewed strength in...

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Is The “Smart Money” Ready To Bet On Gold?

For the last three weeks, gold has experienced something that has never happened before - hedge funds aggregate net position has been short for the first time in history.   However, as Dana Lyons notes, this week saw another 'historic' shift in gold positioning as commercial hedgers shifted to the least hedged since 2001... so the 'fast' money is chasing momentum and the 'smart' money is lifting hedges into them. Via Dana Lyons' Tumblr, It’s no secret...

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China’s Secret Gold Hoarding Strategy

Submitted by Stefan Gleason via, China’s recent stock market gyrations have some analysts now calling China the biggest bubble in history. But those who write off China because of market volatility are missing a more important long-term trend of Chinese geopolitical and monetary ascendancy. That trend shows no signs of abating. China’s leaders have a clever strategy, and Western financial powers may someday wake up in shock when they realize what has occurred....

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Gold And The Grave Dancers

Submitted by Pater Tenebrarum via, The Asset They Love to Hate … Back in the 1960s, Alan Greenspan wrote a well-known essay that to this day is an essential read for anyone who wants to understand the present-day monetary and economic system (which is a kind of “fascism lite” type of statism, masquerading as capitalism) and especially the almost visceral hate etatistes harbor toward gold. Greenspan’s essay is entitled “Gold and Economic...

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Paying In A Broken World

Submitted by Tom Chatham via Project Chesapeake, It is a common reaction to ask, how much is that, when we see something we want or need. The question is answered with some monetary figure that people will recognize and use to determine if they can afford it. But what happens when the monetary system we know becomes so dysfunctional that common monetary values mean little. This could happen due to massive inflation, currency collapse or a frozen banking system that prevents you from accessing...

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