Central Banks Brace for Turbulence as Trump Reclaims White House
Donald Trump’s victory in the US presidential election presents significant challenges for central banks worldwide. The unexpected outcome has left monetary officials unprepared, as they couldn’t position themselves for a Republican triumph beforehand. Central banks will need to adapt quickly to the new political landscape, potentially facing pressure from Trump’s policies on tariffs, immigration, and […]
German Government Collapses As Mass Strikes Grind Economy To A Halt
German Government Collapses As Mass Strikes Grind Economy To A Halt It’s not a good day for the establishment. Just hours after Kamala Harris – and the Democrats – staggering loss which ushered in Trump as president for the third time and gave Republicans a sweep of Congress, Germany’s three-party ruling coalition which had been […]
‘Trump-Quake’ Sparks Market Euphoria; Gold Dips As Dollar Rips
‘Trump-Quake’ Sparks Market Euphoria; Gold Dips As Dollar Rips Where to start? The ‘Trump Trade’ in stocks was a big winner… Source: Bloomberg Other Election Themes exploded (or imploded) on the day with ‘Deregulation Gainers’ winning and ‘Renewables’ and ‘Tariff Risks’ losing… Source: Bloomberg Overall, all the majors were up bigly on the day led […]
Election Aftermath: Trump Victory Pressures Gold, but Bullish Outlook Remains
Gold prices fell following Donald Trump’s decisive election victory, primarily due to a strengthening US dollar making bullion more expensive for many buyers. While the immediate impact was negative for gold, analysts predict a potentially bullish long-term outlook under Trump’s presidency, citing factors such as inflationary pressures and potential trade tensions with China.
Sachs: The BRICS Summit Should Mark The End Of Neocon Delusions
Sachs: The BRICS Summit Should Mark The End Of Neocon Delusions Authored by Jeffrey Sachs via Scheerpost.com, The recent BRICS Summit in Kazan, Russia should mark the end of the Neocon delusions encapsulated in the subtitle of Zbigniew Brzezinski’s 1997 book, The Global Chessboard: American Primacy and its Geostrategic Imperatives. Since the 1990s, the goal of American […]
Rare Uptick for Zimbabwe's Struggling Currency: ZiG Gains 4%
Zimbabwe’s gold-backed currency, the ZiG, has shown a rare positive performance against the US dollar, strengthening by 4% to 26.90 per dollar according to central bank data. This marks the second consecutive day of gains for the ZiG, which has struggled since its introduction in April. The currency’s appreciation is attributed to tighter monetary policies […]
Gold Steadies as US Election and Fed Rate Decision Approaches
As the US election gets underway and the Federal Reserve is expected to lower interest rates, gold prices hold steady just below their all-time high. Bullion has seen a significant surge of more than 30% in 2024, driven by factors such as anticipated rate cuts, central bank purchases, and geopolitical uncertainties. The close presidential race […]
Gold Is On The Ballot
Gold Is On The Ballot Authored by James Rickards via DailyReckoning.com, A reader recently asked me which presidential candidate would be more bullish for gold. That one’s easy. Kamala Harris. A President Harris administration would preserve and strengthen the status quo. To start with, we’d see a continued bonanza of bad regulation, spending and taxes. […]
Gold – Best Asset In 2000s, But You Ain’t Seen Nothing Yet!
Gold – Best Asset In 2000s, But You Ain’t Seen Nothing Yet! Authored by Egon von Greyerz via VonGreyerz.gold, There is a fine line between happiness and misery, as Dickens describes in David Copperfield. Copperfield’s landlord, Mr Micawber, was just on the wrong side of happiness by six pence. In a recent article called THE END […]
Gold Retreats from Record Highs as Investors Lock in Profits
Gold prices have experienced a minor pullback from recent all-time highs, primarily due to profit-taking by traders. The precious metal briefly touched $2,800 per ounce before retreating, with volatility driven by factors such as the upcoming U.S. election, economic uncertainty, and geopolitical tensions. Despite the short-term fluctuations, long-term investments continue to flow into gold, with […]