Silver as an investment

Category Archives: Americas

Venezuela’s Maduro – Selling The Golden Goose

Authored by Jeff Thomas via InternationalMan.com, Venezuela is a naturally rich nation. It’s ranked seventh worldwide for biodiversity and has the world’s largest reserves of oil. This is a country that deserves, more than most, to thrive. However, as in all countries, it passes through economic cycles and, when on a downward curve, would-be leaders […]

“All I Have Is Hunger” – Many Venezuelans Too Weak To Protest Despite Maduro Misery

While tens of thousands of angry Venezuelans turned out for the 'mother of all protests' yesterday, facing an increasingly hostile military/police state, the numbers could have been significantly larger but for the fact that legions of poor Venezuelans are simply too frail from starvation to protest. Some say they are intimidated by armed pro-government militias […]

Quick Break from the Madness

Things are nutty … Syria, North Korea, Trump has sold out to the Neocons … Enjoy a few pics from my recent travels around Costa Rica … Here's a teaser … Here are the pics: Costa Rica: Wildlife Costa Rica: Scenery Costa Rica: Plant Life

Venezuela Protests As Maduro Blocks ‘Opposition’ For 15 Years

Opponents of President Nicolas Maduro are calling on demonstrators to flood the streets of Caracas on Saturday as part of a weeklong protest movement that shows little sign of losing steam, after Venezuela’s embattled socialist government stepped up its campaign against the opposition by banning Henrique Capriles, two-time presidential candidate and governor of Miranda state, […]

Maduro Scrambles To Defuse “Explosive” Situation As Supreme Court Reverses Ruling

While investors had largely given Venezuela’s economic catastrophe the benefit of the doubt for the past two years as crude collapsed and the country’s CDS soared to record highs only to normalize subsequently, yesterday bond investors got very nervous for the first time in a while, as the Venezuela 9.25% of 2027 bonds crashed on […]

Venezuela In Dire Straits As Oil Production Falls Further

Authored by Nick Cunningham via OilPrice.com, Venezuela’s economic crisis continues to deepen. The South American OPEC member is thought to be sitting on nearly 300 billion barrels of oil, far more than any other country in the world, including Saudi Arabia (estimated at 268 billion barrels). But the economy has been in freefall for several […]

Yen, Peso Pop After Ross Targets NAFTA, Japan For Trade Deals

The yen and the peso jerked higher after President Trump’s commerce secretary Wilbur Ross commented that he expecte to start renegotiating NAFTA within two weeks and that Japan will be high on the list for trade agreements. As Bloomberg reports, discussions are under way with the Finance, Ways and Means committees and the expectation is […]

Peso Surges, Dollar Tumbles After Wilbur Ross Comments

The Mexican Peso surged back below 20/$ this morning after new Commerce Secretary Wilbur Ross comments on the potential for peso recovery in a "sensible" NAFTA deal. Along with comments on Germany and Euro weakness, Ross also sent the USD index markedly lower (after 5 straight days higher). Ross said… “The peso has fallen a […]

Trump Warns Canada, Mexico He Will Begin NAFTA Renegotiation “Within Days Of Inauguration”

In the latest unexpected and ad hoc announcement on North American trade arrangements, the Globe and Mail reports that Trump’s Commerce Secretary pick, Wilbur Ross, has informed Canadian officials that he plans to reopen NAFTA talks within days of his inauguration, and that rules of origin and independent dispute tribunals will be central in negotiations […]

Peso Pounded To New Record Lows As Trump Presser Looms

The Mexican Peso has plunged to fresh record lows this morning on mounting concerns that Donald Trump’s trade policy could end the country’s privileged status among developing countries. Looks like Banxico is going to need a bigger intervention… As The Wall Street Journal reports, the selloff underscores gathering fears that the economic gains Mexico has […]