This run up is a result of a loss of confidence in the future strength of the dollar in the face of a multi-nation currency war. Many things affect the dollar, keep your eye on the dollar.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"loss of confidence in the future strength of the dollar"
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The entire economic situation - trade war, dollar, debt, currency war... all are impacting the PM situation.... I wish I had a functional crystal ball....my mental crystal ball has long been defective... Cheers, RickO
Discounting mechanism is the premise that the stock market essentially discounts, or takes into consideration, all available information and present and potential future events.
I can live with that.
unfortunately, the currency market and the gold market are short sighted.
I'm still buying , selling , and trading ...at the top. Retirement is nowhere near here, yet. And this thread is still fun to read.
Now (on a personal note) ...if I'd have only switched my 401k to a gold IRA sooner. (Like four years ago
"We define winning a currency war as successfully weakening one’s currency to induce a pick-up in net exports, without significant negative inflation or domestic asset-market consequences. Developed economies have an advantage because their bond markets generally respond favourably to monetary easing, even when the currency weakens."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Comments
"I'm blaming this run up on the trade war"
Absolutely, and if even a hint of a settlement is on the horizon....well, I hope some of you have taken profits.
This run up is a result of a loss of confidence in the future strength of the dollar in the face of a multi-nation currency war. Many things affect the dollar, keep your eye on the dollar.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I'm willing to consider a currency war threat, but I've been posting graphs of the dollar index and gold.
The dollar index has been sideways, not down.
"loss of confidence in the future strength of the dollar"
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The entire economic situation - trade war, dollar, debt, currency war... all are impacting the PM situation.... I wish I had a functional crystal ball....my mental crystal ball has long been defective...
Cheers, RickO
https://www.investopedia.com/terms/d/discounting-mechanism.asp
Discounting mechanism is the premise that the stock market essentially discounts, or takes into consideration, all available information and present and potential future events.
I can live with that.
unfortunately, the currency market and the gold market are short sighted.
I'm still buying , selling , and trading ...at the top. Retirement is nowhere near here, yet. And this thread is still fun to read.
Now (on a personal note) ...if I'd have only switched my 401k to a gold IRA sooner. (Like four years ago
Understanding a currency war
"We define winning a currency war as successfully weakening one’s currency to induce a pick-up in net exports, without significant negative inflation or domestic asset-market consequences. Developed economies have an advantage because their bond markets generally respond favourably to monetary easing, even when the currency weakens."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Dbcconomics, buyers beware...
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
with our global economy, currency declines help the companies' internal business, but their foreign business gets hurt.
the usa has many companies with a lot of foreign business, enough that it would hurt them. we are a major player after all.