Wednesday, August 17, 2016

Illusion of Stable Currency Vortex

September 1, 2011 by · 1 Comment 

By Jim Willie CB, Golden Jackass Subscribe: Hat Trick Letter The Jackson Hole Conference was a dud. To the astute student observer, something happened never seen before. The US central bank chief admitted failure, if only people could properly interpret and translate his words of helplessness and disappointment. A more apt description was that USFed Chairman Bernanke used the [...]

Currency Dead End Paradoxes

April 28, 2011 by · Leave a Comment 

By Jim Willie CB, Golden Jackass Subscribe: Hat Trick Letter Several very important currency effects are at work. Most economists are either silent on the factors or wrong footed on the dynamic. That is not surprising since they have been incorrectly analyzing, interpreting, and forecasting the financial crisis as it built up in 2005 and 2006, [...]

South Korea reportedly intervenes to slow currency’s rise

September 27, 2010 by · Leave a Comment 

By Lisa Twaronite Monday, September 27, 2010… TOKYO — South Korean authorities bought dollars Monday to curb the won’s rise to a four-month highs, according to reports citing foreign-exchange traders. The U.S. dollar was buying 1,148.2 won, after falling as low as 1,146.0 won earlier, its lowest since mid-May. The central bank was [...]

Merryn Somerset Webb: The only currency that can’t be printed on a whim

May 24, 2010 by · Leave a Comment 

By Merryn Somerset Webb Financial Times, London Friday, May 21, 2010 You probably think gold is in a bubble. After all, it hit new highs in dollars, pounds, and euros this week — and has pretty much quintupled since its lows of 2001. What’s more, everyone from Germany to China is still nuts for [...]

Now Russia also wants its currency down

November 10, 2009 by · Leave a Comment 

Russia Warns Against ‘One-Way’ Rouble Bet By Peter Garnham, Financial Times Russia’s central bank warned investors on Tuesday that rouble appreciation was not a one-way bet as it sought to stem an advance in the currency sparked by rising oil prices and a falling dollar. The central bank, which bought $700 million and sold the rouble [...]

Gold, Silver, Metal Prices: Commentary – 10/30/2009

October 30, 2009 by · Leave a Comment 

GDP: Great Day to Play Good Day, Friday’s market sessions in precious metals started off on a tamer note, following the best gains in gold in three weeks. Explanations follow. The recapture of the $1045 area is noteworthy, although analysts we polled during the wee hours overseas are trying to define the move as everything [...]

Spectrum Numismatics International, Inc. Names New Senior Numismatist

October 29, 2009 by · Leave a Comment 

IRVINE, Calif. – Spectrum Numismatics International, Inc., one of the world’s largest rare coin and currency dealers, announced today that it has hired Richard Melamed as their Senior Numismatist.   "Richard Melamed is one of the most respected numismatists in the industry.  During his 36-year career, Melamed has done everything from running his own coin [...]

Some Ironic Possibilities for the British Pound

October 29, 2009 by · Leave a Comment 

Clive Corcoran submits: The following are some musings on the U.K. economy, prompted by an adage that seems quite appropriate for our times of thinking the unthinkable. The U.K. public finances are in dire straits with a likely deficit this year well in excess of £200 billion and with red ink as far as the [...]

Gold to Rise to $2,000 Amid ‘Massive’ Inflation, Superfund Says

October 29, 2009 by · Leave a Comment 

By Kim Kyoungwha Oct. 28 (Bloomberg) — Gold may rise to a record $2,000 an ounce in the next three years as investors hedge against “massive” inflation sparked by governments printing money, according to Superfund Financial Singapore Pte’s Aaron Smith. “In the next few years, after the deflation cycle, we’ll see massive inflation,” Managing Director [...]

Dollar Wobbles on Chinese Currency Diversification Concerns

October 27, 2009 by · Leave a Comment 

Mark O’Byrne submits: Gold Gold closed trading at $1,039.80/oz In euro and GBP terms gold is trading at €699/oz and £635/oz. Support for Gold is currently seen at $1,030/oz and resistance at $1,053/oz. Gold fell yesterday as oil prices and equities came under pressure and the dollar rose. The dollar has fallen marginally today after [...]

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