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Fed Hoping To Will Recession Away With False Optimism

Fed Hoping To Will Recession Away With False Optimism

U.S. recession already in session?  Video Length: 00:07:45
“Gold Revaluation Is An Easy Solution To The Mess”

“Gold Revaluation Is An Easy Solution To The Mess”

After writing “The Big Reset” in 2013, Willem Middelkoop became intimately familiar with China and its quest to dominate the global gold market. In an interview, he explained how much gold China really controls and what it intends to do with it. This is the resumé. China sees gold as a hedge against the financial system and the […]
Import And Export Price Year-Over-Year Deflation Continues In February 2016

Import And Export Price Year-Over-Year Deflation Continues In February 2016

Trade prices continue to deflate year-over-year. Import Oil prices were down 3.9 % month-over-month, and export agricultural prices increased 0.6 %. with import prices down 0.3 % month-over-month,down 6.1 % year-over-year; and export prices down 0.4 % month-over-month,down 6.0 % year-over-year.. the markets were expecting (from Bloomberg):   Consensus Range Consensus Actual Export Prices – M/M change -1.0 % to -0.2 […]
Gold, Stocks And The Miners

Gold, Stocks And The Miners

One is the star of the year so far, grinding higher in what could be the launch phase of a new bull market as confidence wanes in the face of NIRP and other desperate global policy actions, and the realization that this disgraceful policy designed to spur speculation and asset price appreciation is all policy makers have […]
Canada’s Unemployment Rises – USD/CAD Follows

Canada’s Unemployment Rises – USD/CAD Follows

A disappointing jobs report from Canada: the nation lost 2,300 jobs, worse than a gain that was expected. In addition, the unemployment rate advanced to 7.3% with no change in the participation rate. This is clearly worse than expected. USD/CAD is rising to 1.33, around 50 pips. To add fuel to the fire for USD/CAD, […]
China Exports Most Deflation To US Since 2010

China Exports Most Deflation To US Since 2010

For the 18th month in a row, US Import prices fell YoY (down 6.1% vs expectations of a 6.5% drop). This is the longest deflationary streak since 1999. Under the hood we see the first first rise in prices (ex food, fuel) since May 2014. Fuel price dropped 3.9% – the 8th consecutive drop – and foreign food […]
Weekend Reading: The Bull/Bear Struggle Continues

Weekend Reading: The Bull/Bear Struggle Continues

The standoff between the “bulls” and “bears” continued this week as prices struggled to rise. The “bulls” continue to“hope” that the recent turmoil that started at the beginning of this year has come to an end. The “bears” continue to point out silly things like an ongoing earnings recession, weakening economic data, and deteriorating technicals to make their case. Silly “bears”. Interestingly, on Thursday, the ECB launched its biggest “bazooka” yet […]
A Few Thoughts Ahead Of The Weekend

A Few Thoughts Ahead Of The Weekend

The market reaction to Draghi’s indication, once again, that interest rate policy has run its course, will be debated for some time. Draghi delivered the goods that many investors said was lacking last December. The ECB policy more than anyone expected.   All the boxes were checked. Although the end date was not extended beyond March 2017, […]
Week In Review: ECB And RBNZ Rate Cuts

Week In Review: ECB And RBNZ Rate Cuts

It was a week of Central Bank decisions with the Bank of Canada, RBNZ and the ECB being the main events of the week which saw two rate cuts and a neutral stance. The Bank of Canada decided to leave interest rates unchanged for this month’s meeting at 0.50%, opting instead to wait for the […]
Crude Oil- Hit 25-year Support, Attempting Breakout, Says Joe Friday

Crude Oil- Hit 25-year Support, Attempting Breakout, Says Joe Friday

Two 25-year support lines in Crude Oil, based upon monthly closing prices both met at once price point last month. This reflected a zone where Crude Oil could bounce, after a historical decline over the past 18-months.  In our humble opinion, Crude Oil remains one of the, in not “THE” most important commodity on the […]