Quite contrary to the real fundamentals of the economy, the U.S. dollar — the king of the global fiat monetary system — shot up to record highs (or quite close to it) against a basket of international currencies, including the Brazilian real, Mexican peso,...
As soon as the FOMC Minutes appeared earlier today, the U.S. dollar sold off and gold went sharply higher. In doing so, gold ended the trading session right at technical resistance near the $1,135 /oz level. Gold traders are clearly reliefed that the Fed stays focused...
One of the primary symbols of bitcoin, Ross Ulbricht, was just sentenced to life in prison without parole for his role in maintaining the Silk Road marketplace online. What came to be known, fairly or unfairly, as a bazaar of illicit activity, the Silk Road shut down...
Perhaps as a case of the truth finally catching up to the fiction, the labor market, according to ADP — one of the world’s premiere human resource solutions provider — recently took a sentiment dive. With 189,000 nonfarm jobs being added to the...
Lost within the talking points generated by last week’s surprise announcement by Federal Reserve Chair Janet Yellen – in which she reversed against mainstream consensus by keeping interest rates steady – were unusual fluctuations within the commodity...
Dear Reader, Right now there are two trades that are heavily crowded… Crowded Trade #1 – U.S. Dollar Bulls Reach Extreme Crowded Trade #2 – Euro Bears at Negative Extreme In my opinion, the dollar bulls are fools to price in a series of gradual rate hikes...
The U.S. dollar has seen a steep rally since last summer, putting a lot of pressure on the commodities complex. Crude oil went more than 50% lower while the CCI, a commodities index, has lost 30% of its value. Interestingly, gold has not been a victim of the strength...
Back in good old days of 2013 and 2014, most investors and pundits were shorting gold like there was no tomorrow. The need for a reliable asset like gold seemed to only exist in history books. In 2015, however, the world appears to be a different place. Volatility is...
With geopolitical tensions flaring throughout the world providing the catalyst for severe dysfunction in international finances, the United States is once again blessed with insular protectionism, a condition that has served the lone superpower well throughout...