Friday, April 22, 2016

Commodity Prices Have Bottomed
Peter Boockvar:
"Most noteworthy in Europe today is the uptick in interest rates coincident with the rise in U.S. rates and on the heels of the highest closing level yesterday in the CRB index since December 4th and persistent rally in stocks. The German 10 year yield is higher by almost 7 basis points to .22%, the biggest one day basis pt move in six weeks and to a one month high. Yields in Asia also moved higher overnight. As my readers know that I believe commodity prices will continue higher and have put in a major bottom, global interest rates have likely bottomed as well with the obvious caveat being the actions of our central bankers to keep alive the inherent conflict of wanting higher inflation at the same time as they suppress interest rates. Central banks have certainly won the battle for lower rates but the market will eventually win the war for higher ones if headline inflation actually moves up at some point .. Precious metals, a great voting machine on monetary policy and FX moves, continue higher with silver in particular breaking out to the highest level since May 2015. I remain very bullish on silver and gold."
- Peter Boockvar
link here to the article


Anonymous said...

The Collapse of the Western Fiat Monetary System may have Begun. China, Russia and the Reemergence of Gold-Backed Currencies
By Peter Koenig
Global Research, April 21, 2016

The nefarious trio – ‘bail-ins’, negative interests, and a cash free society – will make living in the industrialized ‘first world’ a sheer nuisance, a stressful dance on toes, as the emperor’s proverbial Damocles Sword hangs intimidatingly above us.

Washington may have one last joker up its sleeve – reintroducing the ‘gold standard’, the very gold standard that Nixon abandoned in 1971. The US have also been accumulating huge amounts of gold over the past 25 years. A new US dollar gold standard would most likely be set at a ratio that would wipe out all US debt, including future ‘unmet obligations’ (GAO – General Accounting Office) of about US$ 125 trillion. It would attempt to keep the western industrialized world in Washington’s orbit, but might lose most of the developing world owning natural resources coveted by the west. These countries oppressed and colonized for centuries are likely to gravitate to the new China-Russia alliance – leaving the outsourced and outwitted west alone without workforce – and with a massive but outdated military power.

To counter the build-up of this criminal last ditch sham by the western Zionist banking czars, China and Russia have been preparing over the last few years an independent financial system, delinked from the US dollar and which now incorporates the BRICS, the SCO nations, as well as the Eurasian Economic Union. This association of countries and economies account for about half the world’s population and at least one third of the globe’s economic output; a fact totally ignored by the mainstream media, for obvious reasons. The Machiavellian sinking ship does not want its passengers to jump to safety.

The 19 April 2016, announcement by China of its gold-backed yuan, no longer convertible into dollars, may just trigger an economic shift into the ‘eastern camp’. Many countries are wary and tired of western exploitation, enslavement, threats of sanctions, oppression and an ever present danger of invasion by the killing machine. The decoupling of the dollar by a third of the world economy may indeed open new horizons, creating new alliances, new hope for a more equal and just world.

Anonymous said...

Top Federal Reserve official donates to Hillary Clinton’s campaign