Sunday, May 31, 2015

SD Weekly Metals & Markets: Last chance to buy $16 Silver & $1100 Gold?

From SilverDoctors

Weekend Chillout - Frim Fram

On a cold, gray and wet Sydney Sunday I thought at least the blog should have come colour, courtesy of the brilliant Sydney jazz legend Frances Madden

James Rickards - The Death of Money

From NCPAIdeas

James Rickards is Chief Global Strategist at the West Shore Funds, Editor of Strategic Intelligence, a monthly newsletter, and Director of The James Rickards Project, an inquiry into the complex dynamics of geopolitics + global capital. He is the author of New York Times best seller, The Death of Money (Penguin, 2014), and national best seller, Currency Wars (Penguin, 2011). He is a portfolio manager, lawyer, and economist, and has held senior positions at Citibank, Long-Term Capital Management, and Caxton Associates. In 1998, he was the principal negotiator of the rescue of LTCM sponsored by the Federal Reserve. His clients include institutional investors and government directorates. He is an Op-Ed contributor to the Financial Times, Evening Standard, New York Times and Washington Post, and has been interviewed on BBC, CNN, NPR, CSPAN, CNBC, Bloomberg, Fox, and The Wall Street Journal. Mr. Rickards is a visiting lecturer in globalization at the Johns Hopkins University and the School of Advanced International Studies, and has delivered papers on risk at Singularity University, the Applied Physics Laboratory, and the Los Alamos National Laboratory. He is an advisor on capital markets to the U.S. intelligence community and the Office of the Secretary of Defense.

Friday, May 29, 2015

Keiser Report: Bottom 99% Income

From RT

Published on May 26, 2015

Max Keiser and Stacy Herbert discuss volatility shifting the unhedged part of the economy - namely the incomes of the bottom 99 percent of the population. In the second half, Max interviews Nick Williamson, CEO of Pythia, about his new product called Credits, which is the first blockchain technology to be used by a government - in this case, the Isle of Man, to register cryptocurrency companies on the island.

James Grant: The Forgotten Depression

From misesmedia

Tuesday, May 19, 2015

Ray Dalio - Comments on gold portfolio allocation - Excerpt from interview with CFR

"If you don't own gold...there is no sensible reason other than you don't know history or you don't know the economics of it" ~ Ray Dalio.

Friday, May 15, 2015

Weekend Chillout - Is This How You Feel?

Feeling a bit cheated that the USD gold price has gone up but the AUD:USD has increased by almost the same amount? Sucks doesn't it.

The Preatures - Is This How You Feel?

Thursday, May 14, 2015

Clarke and Dawe - The word ‘Election’ on P 13 of the budget papers, should read 'Projected Surplus'

From ClarkeAndDawe

Egon von Greyerz - World Will Never Be Able to Cope with Leverage of Bond Implosion

From Greg Hunter

Gold Rises on Weak US Retail Sales Data

Gold rose to its highest level in US$ in over 5 weeks on the back of disappointing US retail sales data. Seems the collapse of the high wage shale oil industry and the increased pace of offshoring white collar jobs has meant those left employed don't get paid much. Who would have thought that would affect retail sales?

Gold rose US$22/oz almost 2% from yesterday's close, with the weak sales data reducing the chance of a near term hike in US cash rates by the Federal Reserve. This put downward presseure on the US$, which was inversely reflected in the gold pirce.

chart from

Sunday, May 10, 2015

Searching for Truth

The Greatest use of 1g of Gold ever?

Rick Rule: In A Market Collapse, Selling Will Be Driven By the Margin Clerk

From SilverDoctors

Friday, May 8, 2015

Tuesday, May 5, 2015

Tweet of the Week

RBA Cuts Cash Rate to 2%

Media Release


5 May 2015


For Immediate Release

Statement by Glenn Stevens, Governor: Monetary Policy Decision

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.0 per cent, effective 6 May 2015.

The global economy is expanding at a moderate pace, but commodity prices have declined over the past year, in some cases sharply. These trends appear largely to reflect increased supply, including from Australia. Australia's terms of trade are falling nonetheless.

The Federal Reserve is expected to start increasing its policy rate later this year, but some other major central banks are stepping up the pace of unconventional policy measures. Hence, financial conditions remain very accommodative globally, with long-term borrowing rates for sovereigns and creditworthy private borrowers remarkably low.

In Australia, the available information suggests improved trends in household demand over the past six months and stronger growth in employment. Looking ahead, the key drag on private demand is likely to be weakness in business capital expenditure in both the mining and non-mining sectors over the coming year. Public spending is also scheduled to be subdued. The economy is therefore likely to be operating with a degree of spare capacity for some time yet. Inflation is forecast to remain consistent with the target over the next one to two years, even with a lower exchange rate.

Low interest rates are acting to support borrowing and spending, and credit is recording moderate growth overall, with stronger lending to businesses of late. Growth in lending to the housing market has been steady over recent months. Dwelling prices continue to rise strongly in Sydney, though trends have been more varied in a number of other cities. The Bank is working with other regulators to assess and contain risks that may arise from the housing market. In other asset markets, prices for equities and commercial property have been supported by lower long-term interest rates.

The Australian dollar has declined noticeably against a rising US dollar over the past year, though less so against a basket of currencies. Further depreciation seems both likely and necessary, particularly given the significant declines in key commodity prices.

At today's meeting, the Board judged that the inflation outlook provided the opportunity for monetary policy to be eased further, so as to reinforce recent encouraging trends in household demand.


Media Office
Information Department
Reserve Bank of Australia

Phone: +61 2 9551 9720
Fax: +61 2 9551 8033

Saturday, May 2, 2015

Weekend Chillout - Bella

Sorry to all my followers of this blog that I have neglected the blog over the last few weeks but I have had some turmoil in my career, but all is back on track and looking very positive.

James Englund with Borbala Bodonyi performing "Bella" live at The Acoustic Picnic in the Music Lounge Brookvale, Sydney. I am so fortunate to call these wonderful people my friends.