Category: Economic News
Ides of March 2017 – Fireworks or Dud?
Beware the Ides of March! Market prognosticators love to pin their predictions on specific dates. A correct general market trend prediction doesn’t give the putative clairvoyant the same pizzazz as […]
Trump and the Dollar, Markets, Gold and Silver
Trump in Theory vs Trump in Reality – Uncertainty in Action When it appeared that Donald Trump would be elected as the 45th President of the United States, equity markets […]
Trump, Gold and the Cognac Effect
Luxury Goods and Safe Haven Assets May Experience Greater Demand Under a Trump Presidency The election of Donald Trump this past November promises to bring changes to Washington and the […]
Gold and Silver Rise in 2016
Precious Metals Gain in 2016. Gold and silver rose in 2016, gaining 8.5% and 14.8%, respectively. The charts of the two metals for the year (see below) look like bell […]
The Fed Raised Interest Rates, Now What?
The Federal Reserve Raises Interest Rates A Quarter of a Percentage Point The Federal Reserve Open Market Committee concluded their meeting last week with an announcement that they were raising […]
Dollar Index Steady Near 14 year High as Fed Rate Decision Looms
Federal Reserve Set To Boost Interest Rates as Dollar Strengthens and Stock Market Soars The Dollar* Index had a volatile week last week, falling below 100 after the Italian Constitutional […]
Rate Hike Expectation Boosts Dollar – Global Currency Review and Forecast
Dollar Holds its Gains. The Dollar Index* held above 100 last week as President-elect Donald Trump began assembling his cabinet. Markets fully anticipate an interest rate hike later this month […]
India’s Cash Crunch Means Lower Gold Sales
India Suspends Rupee Exchange Program The Indian government has flip-flopped and reversed its announced Rupee exchange policy. When Prime Minister Modi announced the demonetization of 500 and 1000 rupee notes […]
Stock Markets at All Time Highs After Trump Win
Are Current Valuations Sustainable? The Dow Jones and The S & P 500 hit all-time highs last week. Company earnings and the Fed’s interest rate outlooks have not changed. What […]
Indian Gold Demand Soars During The War on Cash
The Removal of 86% of India’s Currency Almost Overnight Has Led to an Indian Gold Rush Indian gold demand had been down all year in 2016. Rising gold prices, a […]
Dollar Continues Its Ascent – Global Currency Review and Forecast
Dollar Hits 14 year High. The Dollar Index* tacked on gains last week in the aftermath of Donald Trump’s surprise victory over Hillary Clinton. Fed chatter from Fed Presidents about […]
Dollar Soars On Trump Win – Global Currency Review and Forecast
Donald Trump Gets Elected, Dollar Soars, Gold and Silver Fall. The United States electorate went to the polls last week and elected Donald Trump to become its 45th President. The […]
Gold Dealer Donates American Gold Eagle Coins To Supreme Court Justice Ginsburg as she Prepares to Flee the USA due to Trump’s Election
BGASC, a leading precious metals dealer, has shipped ten 1/10 2016 American Gold Eagle Coins to Supreme Court Justice Ruth Bader Ginsburg to ease her exit from the United States […]
FX Friday Global Currency Review & Forecast For 11-04-16
U.S. Non-Farm October Payroll at 161K Misses Estimate of 175K. The United States non-farm payroll report by the Bureau of Labor Statistics showed that 161,000 new jobs were created in […]
FX Friday Global Currency Review & Forecast For 10-28-16
U.S. 3rd Quarter GDP First Estimate of 2.9% Beats Estimates. The United States Gross Domestic Product grew at 2.9% in the third quarter, according to the United States Commerce Department. […]
Gold May Benefit From U.S. Political Uncertainty
Political Uncertainty May be A Reason to Own Gold Inflation is a commonly stated reason to own gold. Gold holds its purchasing power as the supply of gold remains relatively […]
Foreign Holdings of US Treasury Bonds Sink
Major Foreign Holders of U.S. Treasury Bonds Cut Their Holdings United States Treasury Bonds are the most liquid security in the world. Central banks hold U.S. Treasuries as reserves. In […]
FX Friday Global Currency Review & Forecast For 10-21-16
Chinese Yuan, British Pound and Euro Plummet vs The Dollar. The Dollar Index* continued to surge against all major currencies this week. The British Pound fell to a 168 year […]
FX Friday Global Currency Review & Forecast For 10-14-16
A Resurgent Dollar Continues its Climb. The Dollar Index* continued to surge all week on a majority of market participants expecting a rate hike in 2016. Most market participants now […]
Federal Reserve Minutes Show Divided Fed On Rate Hikes
No rate hike, but… On Wednesday, the Federal Reserve released the Minutes of the Federal Open Market Committee (FOMC) for the September 20-21 meeting. The FOMC concluded that ‘the case […]