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President Trump’s Economic Plan to Beat China
Illuminati Silver


Published on May 15, 2019
President Trump’s Economic Plan to win the China Trade War

https://www.illuminatisilver.com/sign...

China US Trade War Escalates - Markets Fall
https://www.youtube.com/watch?v=A1bGd...

Gold Rises on back of US China Trade War Escalation
https://www.youtube.com/watch?v=3IjxB...

Today is Wednesday 15th May 2019 and we are discussing President Trump’s latest economic plan to solve the China Trade War– and yes it involves the FED.

It is reported today that President Trump has suggested that the Federal Reserve could support the US in its trade battle with China.

As we have reported in our previous podcasts (if you haven’t heard them we provide links in the description below); which states that last Friday, the US increased a 10% tariff on $200bn worth of Chinese goods - to 25% - and China has retaliated by announcing that it will levy additional tariffs on $60bn worth of US goods as from June.

In a post on Twitter, Mr Trump said China would move to stimulate its economy to deal with the fallout and suggested that if the FED were to “match” that potential Chinese stimulus, it would be "game over".

He added:

"China will be pumping money into their system and probably reducing interest rates, as always, in order to make up for the business they are, and will be, losing………If the Federal Reserve ever did a 'match,' it would be game over, we win! In any event, China wants a deal!"

The US Central Bank, like it or loathe it, has been "normalising" monetary policy after years of keeping rates at ultra-low levels in the aftermath of the 2008 financial crisis.

At the time of writing, the Debt Clock reveals that the US National Debt is not that far short of $22.3 trillion Dollars. Any further stimulus or Government spending or relaxing of credit will increase this further, and its only a matter of time, when it too will become unacceptable.

What is required is for the US and China to continue negotiations and strike a deal that perhaps may not give each side everything they want, but at least enable both economies to advance and improve without damaging their own economic infrastructure.

Soybean farmers in the US are suffering heavily. Industrialists are already reporting that they cannot obtain the raw materials they need quickly enough by shutting out China and looking elsewhere as the President has suggested they do.

China is a long-term player and is used to its people suffering for the benefit of the State. It is not a democracy where the Government is easily replaced as the result of an unpopular policy.
It will outlast and endure any tariffs that may be imposed as it will see it as a price worth paying for its long-term gain.

We have already suggested in an earlier podcast that China may even be willing to allow this trade battle to continue in the hope that the President loses the next election and that a more ‘benign and accommodating’ President is elected in his place. A year or two of suffering is nothing to China.

Having said that it will also be open to a limited compromise enabling it to give some ground and save face.
 

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COMMODITY REPORT: Crude Oil Price Forecast: 15 May 2019
TheGoldAndSilverClub


Published on May 14, 2019
JOIN THE LIVE TRADING ROOM HERE ▶ http://www.jointhelivetradingroom.com/
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-------------------
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Read Our Client Testimonials Here ▶ http://bit.ly/gsc-testimonials

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© 2019 The Gold & Silver Club Limited
https://www.thegoldandsilverclub.com/

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#WeekAheadCommodityReport
 

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London Marine Insurers to Meet After Ship Attacks in Middle East
May 15, 2019 by Reuters

UAE Navy boats next to Al Marzoqah tanker off the Port of Fujairah, UAE May ,13, 2019.REUTERS/Satish Kumar



By Jonathan Saul LONDON, May 15 (Reuters) – London’s marine insurance market will meet on Thursday to assess whether it needs to change the risk level for vessels in the Gulf after an attack on ships off the United Arab Emirates earlier this week, a senior official said on Wednesday.
Such a move could lead to an increase in insurance premiums.

On Tuesday, armed drones attacked two of Saudi Aramco’s oil pumping stations and forced the state producer to briefly shut its East-West pipeline. The incident came two days after an attack on four oil tankers – two of them owned by Saudi Arabia – off Fujairah in the UAE.

“The Joint War Committee will meet tomorrow to assess the situation in the Gulf,” said Neil Roberts, head of marine underwriting at Lloyd’s Market Association (LMA), which represents the interests of all underwriting businesses in London’s Lloyd’s market.

“This is prudent as capital providers would expect underwriters to review their exposure in the light of recent developments,” he told Reuters.
The UAE has not characterised the sabotage or blamed anyone for Sunday’s attack, but U.S. national security agencies believe proxies sympathetic to or working for Iran may have been behind it, a U.S. official has said. Tehran has distanced itself from the incident, which no one has claimed.

Yemen’s Houthi-run Masirah TV said the group had carried out the drone attacks on “vital” Saudi installations in response to “continued aggression and blockade” on Yemen.

“At the moment there are not many facts or verifiable information (about the attacks on Sunday),” Roberts said.

“There is no decision yet on whether to change the listed areas of enhanced risk. There are a number of options, which include no change.”
He said any changes would take seven days to come into effect.

“Ships going into the Gulf already have to inform underwriters; the question is whether vessels within the Persian Gulf and operating there are additionally exposed.”

The Joint War Committee, which comprises syndicate members from the LMA and representatives from the London insurance company market, normally meets every quarter to review areas it considers high risk for merchant vessels and prone to war, strikes, terrorism and related perils.

It has not updated the list of high risk areas since June 2018. Its guidance is watched closely and influences underwriters’ considerations over insurance premiums.

Some oil and shipping companies said they would have to alter their routes or take precautions near Fujairah since Sunday’s attacks.

Japanese shipping group Nippon Yusen has already decided to refrain from sending tankers to Fujairah for bunkering, maintenance or crew swaps except for emergencies, a company spokesman said.

Others such as Denmark’s Maersk Tankers told Reuters they were monitoring developments closely, with no impact on their operations in the area.

(Editing by Kirsten Donovan and Mark Potter)

(c) Copyright Thomson Reuters 2019.

https://gcaptain.com/london-marine-insurers-to-meet-after-ship-attacks-in-middle-east/
 

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US Dollar Collapse - How soon is it likely to happen?
Illuminati Silver


Published on May 17, 2019
Is the dollar about to collapse and if so when?

https://www.illuminatisilver.com/sign...

Today is Friday 17th May 2019, and we are going to cover a subject which most pumpers and conspiracy theorists have got wrong time and time again – the imminent demise of the US dollar

For many years now the gold and silver pumpers and conspiracy theorists have talked up the imminent demise of the US dollar with the argument that all fiat currencies fail, and the dollar will be next with China, Russia and a number of other major economies dumping US Treasuries.

Well first of all, let’s briefly look at the definition of a fiat currency.
Fiat currency refers to any currency that a government declares to be legal tender. Legal tender in this context means that the money has the full backing of the government that issues it, but not necessarily supported by any commodity or tangible items such as precious metals for example.

Throughout history, fiat currencies have risen and eventually collapsed, often due to devaluation.

Initially, paper money gets introduced into an economy whereby it creates an economic boom. Over time, however, it gets overprinted, slowly building inflation and losing value. Eventually, it devalues enough to lead not only to its own collapse but also that of the economy connected to it.

But for a fiat currency to collapse there have to be essentially 3 conditions:

1. First, there must be an underlying weakness. Between 2002 and 2018, the dollar has declined 6 percent according to the U.S. Dollar Index.

The main reason is that U.S. debt almost more than tripled during that period, from $6 trillion to $22 trillion with a debt-to-GDP ratio more than 100 percent. The argument goes that this increases the chance the United States will let the dollar's value slide as it would be easier to repay its debt with cheaper money – you have to ask however why is the FED raising interest rates then?

2. There must be a viable currency alternative for everyone to buy. The dollar's strength is based on its use as the world's reserve currency. The dollar became the reserve currency in 1973 when President Nixon abandoned the gold standard. As a global currency, the dollar is used for half of all cross-border transactions. That means central banks must hold the dollar in their reserves to pay for these transactions. As a result, 61 percent of these foreign currency reserves are in dollars.

So there has to be a replacement – the Yuan- which devalues frequently and China’s economic system is not complex enough as yet to fulfil World Currency reserve status. Bitcoin which is unsupervised, open to the ‘dark web and as we have seen lately a value so volatile one is a millionaire one minute and a pauper the next - we suspect not.

3. A huge economic negative event has to occur that destroys confidence in the dollar.

Well the pumpers state foreign countries own more than $6.2 trillion in U.S. debt. If China, Japan or other major holders started dumping these holdings of Treasury notes on the secondary market, this could cause a panic leading to collapse.

China owns $1 trillion in U.S. Treasury’s. That's because China pegs the yuan to the dollar. This keeps the prices of its exports to the United States relatively cheap. Japan also owns more than $1 trillion in Treasury’s. It also wants to keep the yen low to stimulate exports to the United States.

Would China and Japan ever dump their dollars? Only if they saw their holdings declining in value too fast and they had another export market to replace the United States. The economies of Japan and China are dependent on U.S. consumers. They know that if they sell their dollars, that would further depress the value of the dollar. That means their products, still priced in yuan and yen, will cost relatively more in the United States. Their economies would suffer. Right now, it's still in their best interest to hold onto their dollar reserves.

whilst we all accept that over time fiat currencies devalue, (but bear in mind too that often wages and benefits increase to help offset much of this devaluation) it is the inter-relationship between currencies that matter in terms of comparative wealth.

Yes, small countries’ currencies will come and go, but one the size of the US dollar – the global reserve currency – is extremely unlikely to collapse before most of the others. What we are more likely to see is its gradual decline in importance as countries slowly reduce their dependence on the US and goods are traded in other currencies or formats such as, potentially gold.

This process however is likely to take decades and those claiming the imminent collapse of the US dollar are either economically ignorant or deliberately attempting to deceive you as they likely have something to sell in its place.

Caveat Emptor!
 

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Gold and Silver Weekly Update w/e 17th May 2019 by Illuminati Silver
Illuminati Silver


Published on May 18, 2019
Gold and Silver Weekly Update w/e 17th May 2019

https://www.illuminatisilver.com/sign...

US Dollar Collapse - How soon is it likely to happen?
https://youtu.be/_Ay7kGPh8_I

Erik Townsend Part 1 -
https://www.youtube.com/watch?v=aJFFD...

Erik Townsend Part 2 -
https://www.youtube.com/watch?v=aqLS1...

Erik Townsend Part 3 -
https://www.youtube.com/watch?v=DdeAq...

Today is Saturday 18th May 2019 and we are providing our gold and silver weekly update for the week ending 17th May.

Gold fell $9 last week from $1286 to $1277 having hit a high of $1,303 and a low of $1,275. In sterling terms gold finished the week at £1004 that’s up £15, and in Euros it closed at 1,144 Euros that’s unchanged.

Silver fell 38 cents from $14.78 to $14.40 having hit a high of $14.85 and a low of $14.40. In sterling terms, it closed at £11.32, that’s down 5 pence and in Euros it closed at 12.90 euros, that’s down 0.25 euros.

The Gold to Silver Ratio rose from 87:1 to 88.7:1

The Dow Jones closed on Friday at 25,764 down 98 points on the day and down 178 points on the week, and the NASDAQ closed at 7,816 down 81 points on the day and down 100 points on the week, and the S&P 500 closed at 2,859 down 16 points on the day and down 22 points on the week.

Brent Crude rose $1.59 from $70.62 to $72.21 and US Light Crude rose $1.10 cents from $61.66 to $62.76

The dollar index stands at 97.99 that’s up 0.66 on the week.

Gold prices initially dipped on opening and then rose throughout Monday, peaking on Tuesday, as markets digested the retaliatory moves by China on the increase in tariffs raised by the US the previous Friday.

We then witnessed some toing and froing with gold falling on Thursday and more significantly on Friday. The spread between low and high is a still relatively small $28 though slightly increasing from previous weeks.

The rise in the US dollar on Friday precipitated the main fall in gold prices and we published yesterday a podcast on the dollar rise entitled ‘US Dollar Collapse - How soon is it likely to happen?’ and include a link in the description below.

Also for those who missed our last weekly update, we pointed out that some 2 weeks previous, we published a 3 part interview with Erik Townsend – Hedge Fund Manager/Owner who believes the US dollar is likely to move much higher, well above 100 in the index, and this will create a very strong headwind against gold and silver.

We have also placed these interview links in the description below and again strongly recommend that you listen to them if you haven’t already done so.

We were more aware of Friday’s Consumer Sentiment Index for May which was forecast at 97.1 but actually came in at 102.4 - the highest level in 15 years - thereby buoying the US dollar which had a downward effect on gold and silver prices.

We have stated for a few weeks, that we have difficulty recommending a positive case for silver short term, and yet again our concerns were supported, with silver falling just over 2.5% last week in US dollar terms.

It managed to maintain reasonably robust for most of the week, but just caved in Thursday and Friday closing at its weekly low.

Having broken below the $14.50 is significant, and one should not be surprised to see silver aiming towards $14.25 where there should be some reasonable support and then possibly heading for $14.

So, what do we have on the economic calendar for next week:

• Tuesday – Existing Home Sales for April

• Wednesday – the FOMC minutes are released – these will give a further indication as to the FED’s thinking on interest rates – though most of us have a clear picture already

• Thursday – Markit Manufacturing and Services Flash PMI for May plus New Home Sales for April

• Friday – Durable and Core Capital goods orders for April.

So, perhaps Wednesday will have most significance in terms of price action.

The US relationship with China, North Korea and Iran will be paramount over the coming weeks, and these geopolitical moves will have some bearing on equity markets, the US dollar value and of course prices of gold and silver – both of which look anaemic for the next couple of weeks – at least in US dollar terms.

For those who have not tried our Inner Sanctum Bronze or Silver membership levels as yet, but are registered free members, you will be sent a discount code of 50% off for one month this weekend so that you may try our service which is constantly being added to.

So please look out in your email box for the discount code which will be sent this weekend and if you haven’t registered as a FREE Member we strongly urge you to do so by visiting our site at illuminatisilver.com.
 

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WEEK AHEAD COMMODITY REPORT: Gold, Silver & Crude Oil Price Forecast: 20 - 24 May 2019
TheGoldAndSilverClub


Published on May 18, 2019
JOIN THE LIVE TRADING ROOM HERE ▶ http://www.jointhelivetradingroom.com/
▶ To Receive LIVE Trade Alerts, Mentorship & Expert Insights For Profitable Commodity Trading.

-------------------
The Gold & Silver Club is an international Commodities Trading, Research and Advisory Group specializing in the Metals, Energy and Agriculture markets.
Read Our Client Testimonials Here ▶ http://bit.ly/gsc-testimonials

--------------------
© 2019 The Gold & Silver Club Limited
https://www.thegoldandsilverclub.com/

--------------------
#TheGoldAndSilverClub
#WeekAheadCommodityReport