Silver as an investment

Category Archives: Currency Intervention

Rickards Warns “Prepare For A Chinese Maxi-Devaluation”

Authored by James Rickards via The Daily Reckoning, China is a relatively open economy; therefore it is subject to the impossible trinity. China has also been attempting to do the impossible in recent years with predictable results. Beginning in 2008 China pegged its exchange rate to the U.S. dollar. China also had an open capital […]

Fighting inflation with FX, a real traders market

(GLOBALINTELHUB.COM) Dover, DE — 7/18/2017 — Hidden in plain site, as the Trump administration finally released something of substance regarding the so called promised “Trade Negotiation” we see FX take center stage in the global drama unfolding.  As noted on a Zero Hedge article: The much anticipated document (press release and link to full document) released by […]

The Swiss National Bank Owns $80 Billion In US Stocks – Here’s The Catch

Authored by John Mauldin via MauldinEconomics.com, Switzerland is a small country of just 8 million people, but they make an outsized impact on economics and finance and money. Because Switzerland is considered a safe haven and a well-run country, many people would like to hold large amounts of their assets in the Swiss franc. This […]

Dollar Tumbles On Report Trump Studying Ways To “Penalize Currency Manipulators”

Moments ago, all three main US FX pairs, the yen, euro and yuan snapped higher, following a CNBC report according to which the Trump administration is studying ways to penalize countries whose currencies it believes are undervalued. CNBC cited two unidentified people with direct knowledge of the review who work within the administration. Trump’s econ […]

Buckle Up, the Bank of Japan Has Blown Up the Markets (Again)

If you have been long US stocks since Election night, you have been a Yen bear and nothing else. Last September the Bank of Japan announced a new policy of targeting a 0% yield on its 10-Year Japanese Government Bonds. Many in the investment community took this to represent a “tightening” of policy. It was […]

SNB Spent $68 Billion On Currency Manipulation In 2016

While Donald Trump has repeatedly expressed his displeasure with China for manipulating its currency, he appears to have recently figured out that over the past 2 years Beijing has been spending hundreds of billions in dollar to strengthen, not weaken, the Yuan and to halt the ~$1 trillion in capital flight from China. But while […]

Back From Never Gone: CURRENCY WARS

In the previous episode of the currency wars, a few years ago, the Euro-Dollar exchange rate was in the spotlight. This has now completely disappeared to the background and whilst the countries of the Eurozone must be pretty happy with the weak currency (which boosts the export and increases the demand for domestically produced goods), […]

Citigroup’s Gold “Expert” Slams Trump’s Currency Talk As “Hogwash, Hot Air”

As President Trump and Japan's Shinzo Abe begin their weekend of golf, the topic of currency manipulation will likely be top of mind. However, for Citigroup's "gold expert" Willem Buiter, all of Trump's FX chatter is "hogwash" and "hot air." Speaking during a Bloomberg TV interview, Citi's Chief Economist sees the dollar rising this year […]

RBC Warns “It’s The Melt-Up That Hurts”

After an outstanding start to the year for Equity hedge funds, this most recent gap move higher in stocks (while rates and FX remain firmly ‘in range’) is pretty-much exactly what RBC's Charlie McElligott warned is a "bad scenario" for equities funds. Risk-assets to fresh highs alongside a “reflation impulse” re-rack (S&P eminis through their […]

Swiss National Bank’s U.S. Stock Holdings Hit A Record $63.4 Billion

Being able to print your own money and buy stocks at any price sure can be fun. Just as the SNB which unlike many other (if ever fewer) central banks admits to doing just that. In its latest 13F filing, the Swiss National Bank reported that the value of its portfolio of US stocks rose […]