Mr. Market, what are you telling us about the dollar?

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Posted by Jack Crooks - Currency Currents

on Thursday, 05 October 2017 01:48

Black Swan Currency Currents



“Be ready to change your strategy with the environment. (The environment, not your strategy, is the data).” 
__Mark Weinstein

Commentary & Analysis

Screen Shot 2017-10-05 at 1.31.33 AM


Screen Shot 2017-10-05 at 1.27.11 AMWatching the currency market over the past couple of days has been akin to watching paint dry. In my case the paint drying analogy is probably because I have a few different scenarios in my mind and find all of them plausible (see, Orwell’s Doublethink lives in the minds of traders). My continuous question as I watch currency price action: Mr. Market, what are you telling us about the dollar?

Three simple scenarios now rattling in my head:

1. The correction is over the dollar is heading for fresh new lows as measured by the US dollar index. This is not my favorite scenario now, primarily because the dollar is getting yield support.

US dollar’s relative yield has risen as US rates across the curve have risen. Over the intermediate-term rising relative yield has correlated well with either dollar support, or a rally.

Below is a chart showing the 2- and 10-year yield spreads Eurozone-US, United Kingdom-US, Australia-US, and Canada-US. Relative yield has been moving in favor of the US against the pack: 




Why Precious Metals Are The Better LONG-TERM Store Of Value Over Bitcoin

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Posted by Steve St. Angelo - SRSrocco Report

on Wednesday, 04 October 2017 06:16

Many precious metals investors are starting to question whether gold and silver are still the best store of wealth in the future.  The reason Alternative Media community is starting to have doubts about their gold and silver investments is due to the rapidly rising value of the cryptocurrency market.  Also, a number of precious metals analysts have jumped ship and are now only supporting the cryptocurrencies as the next best thing since sliced bread.

While some precious metals analysts now believe that Bitcoin and cryptocurrencies are the better assets to own in the future rather than gold and silver, I do not belong to that group or mindset.  I differ from these analysts based upon my energy analysis.  Unfortunately, these analysts that promote cryptocurrencies as the “New” digital assets of the future, are ignorant about the Falling EROI – Energy Returned On Investment, or are clueless to the dire energy predicament the world is facing.

I’ve received many emails from followers who wanted to know my opinion on the matter of “Precious Metals vs. Cryptos.”  So, I thought it would be a good idea to discuss the fundamental reason why I believe the precious metals are still the KEY ASSETS to own in the future.

GOLD vs. BITCOIN:  Price & Monetary Traits

While the gold price has increased significantly since 2000, Bitcoin’s price has gone up exponential in a short period.  The amount of gold that can be now purchased with one Bitcoin has increased dramatically from less than a half ounce at the beginning of 2017, to 3.4 oz currently:





Bitcoin is Not New and Improved Money

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Posted by Michael Pento - Pento Portfolio Strategies

on Tuesday, 03 October 2017 06:16

bitcoinchartCryptocurrencies are being billed as a new and improved form of money that has been offered to us courtesy of technological evolution. There is a big problem with this conclusion. That is, digital money is not money at all. And proving this truth serves to underscore why gold has been utilized as the best form of money for thousands of years.

In the 2013 film titled “Her,” lonely Theodore, played by Joaquin Phoenix, falls in love with Samantha, an operating system. Despite Samantha’s lack of physical presence, the two have a somewhat normal relationship that includes vacations, socializing with friends, fights and even jealousy. But just as the audience starts buying into this unconventional pairing the plug is pulled on Samantha, and she disappears into a cyberspace vortex; leaving poor and lonely Theodore heartbroken.

And, at the dawn of the twenty-first century, this is where we are as a society.  In a place where the digital and real world collide. Social Media has supplanted socializing, texts have replaced phone calls, and artificial intelligence may soon outstrip actual intelligence: robots may soon rule the world! 

In this fast-changing environment, it’s easy to believe that cyber currencies should inevitably replace fiat money; and even that “barbarous relic” gold. After all, the motivation to find as many escapes from debt-based central bank confetti is indeed alluring.




Dollar Surges, Bonds Dump Ahead Of Trump Tax Plan

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Posted by Tyler Durden - ZeroHedge

on Wednesday, 27 September 2017 07:44

dec rate hike bbg 0Like yesterday when the big story was the jump in the USD ahead of Yellen's (rather hawkish) speech, so today the greenback's levitation has continued, this time propelled by today's unveiling of Trump's tax plan.

On the eve of its unveiling, Trump said lawmakers should expect a “very, very powerful document” that would cut taxes “tremendously” for the middle class. If passed, the plan would be Trump’s first significant legislative win since taking office in January. ”The idea that Trump could be reaching across the aisle, talking about tax cuts to middle and low income households, if it comes to pass, we are talking a pretty material fiscal boost to the U.S. economy. This sort of easy fiscal policy is why the markets are reacting the way they have,” said Mark Dowding, co-head of investment grade at BlueBay Asset Management.

....continue reading HERE


Premier Warns "Quebec Is Attacked, Quebec Will Resist" As US Slaps Massive Tariff On Bombardier Jets



Currency Cycles Reversing

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Posted by Gary Savage - Smartmoneytracker

on Tuesday, 26 September 2017 06:47

The risk to the precious metals market is that the dollar may have formed an intermediate cycle bottom and the euro an intermediate cycle top. The euro is up against a major resistance level which is unlikely to be broken on its first try. This video explains why it is risky to press the long trade in precious metals at this time.



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