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06.08.26 - 15:48
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The BoJ And The Fed Just Made Gold Obvious (ZeroHedge)
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The BoJ And The Fed Just Made Gold Obvious
Authored by Matthew Piepenburg via VonGreyerz.gold,
Between the market's reaction to Warsh's recent no-rate-hike announcement and the current disaster unfolding with the Japanese yen, the set-up for near-term “Uh-Oh” in stocks and bonds in general–and the longer-term wisdom in precious metals in particular– couldn't be more obvious.
Stick to the Essential
Antoine de St. Exupery famously (and wisely) wrote that the “essential is invisible.”
In philosophical matters pertaining to the art of living, this phrase has great depth.
But in matters pertaining to market risk and economic forecasting, it will come as no surprise to anyone familiar with our views that the “essential lies in the bond market.”
As bonds fall in trust, demand and hence price, their yields then rise.
And these yields (the highest in decades) represent the true cost of sovereign debt, which we all know is beyond sustainability.
At $40T in comical, mismanaged and crim...
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06.08.26 - 14:48
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Canadian Dollar Rises Against Majors (AFX)
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CANBERA (dpa-AFX) - The Canadian dollar strengthened against other major currencies in the European session on Thursday. The Canadian dollar rose to a 1-week high of 1.3994 against the U.S. dollar......
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