North Korea spooked markets yet again by launching a missile that reported flew over Japan, which came a day after North Korea claimed it would sink Japan. The events were short-livid however and after a brief flight to safety in gold, treasuries and the Yen markets quickly corrected back. The JPY traded into the low […]
Private Blog – Gold & 1362.50 Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.
We really needed some data to support recent Asian moves and sadly that was not fourth coming today. China’s numbers missed on Investment, Industrial Production and Retail Sales so should be no surprised we reversed recent gains. Investment was expecting a number north of 8 (actually looking for 8.2) but was released at 7.8 for […]
Having seen the US markets close on a high note Asia saw a little nerves appear at the opening but at least we are back to focusing on markets rather than having to price-in geopolitical risks. It was the Nikkei again that returned the best of the core (+0.5%) and this time with the currency […]
QUESTION: I wonder if you would care in a future blogpost to cast some light on the following? The sole ‘legal tender money’ in the final analysis is the FRN (Federal Reserve Note — coins aside) collateralized by the Fed’s assets.All other ‘money’ is private bank credit money or suchlike,including Money Market Funds and other […]
QUESTION: Dear Mr. Armstrong, I have been reading your blog for over a year now. Your posts are a superb read and one of the first things I check every morning before leaving for work! Although I admire your work and writings a great deal, I’m sometimes surprised by the level of certainty you seem […]
QUESTION: Hello Mr Armstrong. I understand the logic of the weakness / strength of currency that you outline from time to time in your modelling of the global crisis. You omit to explain the importance in the pace of change in the value of a currency; for instance Venezuela and Argentina according to your explanation […]
With no missile test Saturday or new geopolitical news over the weekend, Asian stocks opened on a positive note. The Chinese central bank loosened some financial restrictions which also added to the positivity for both domestic and regional markets, combined to support all markets. The central bank move opens the market slightly, returning responsibility to […]
QUESTION: Mr. Armstrong, I have been following you for all my adult life and that has exceeded 20 years by now and am shocked to say, I found your article on how things evolve GOLD-Oil-Dollar. I must say this is a eye-opening evolution you are talking about. Has this always been the case with things […]
Governments and central banks across the world are still concerned about the lack of inflation or significant growth and we saw evidence again in that today from the Japanese Q2 GDP release. Well below estimate of 4% this mornings release came in at 2.5%. Mario Draghi also commented on growth concerns in yesterdays ECB meeting […]
