The BIS seemingly remains an active trader of significant amounts of gold swaps on a regular basis. So far there seems to be no definitive sign that the BIS is reducing its exposure to gold swaps.
This year has been shaping up to be a strong one for central bank gold buying. This is despite the official absence from the buy side of central bank gold powerhouses such as Russia and China.
The yield curve had been steepening under inflationary pressure and now it is flattening due to dis-inflation or at least a moderation of that pressure. When it steepens again folks, there is no..
As of now, I maintain my long-held expectation to see the market in the 6000SPX region in the coming years, of course, unless the market tells us otherwise. But, please approach the market with the respect..
To fully understand markets, understand gold. It is the key to financial wisdom. By learning of its role as a financial asset, one will discover universal truths about the value of money, and hence, the underlying value of all assets.
Using the same Consumer Price Index numbers but a different methodology, we will show in this analysis that the United States is currently experiencing the highest sustained rate of inflation in 40 years - not 13 years.
That's because even a small tightening of the interest rate screw would have dire consequences if applied to the $2 quadrillion of borrowing amassed in the derivatives market.
The opportunity exists now, but it won’t last forever. There may even come a day when the opposite is true – hard assets are overpriced with inflation expectations running way ahead of actual inflation realities and financial assets offering tremendous value as a result.
The Fed opened up the firehose this week. More fiat currency for the banks. Reverse repos, and new $500 billion repo facility. The banks don't trust each other.
