Commodity Trade Mantra

Posts Tagged ‘US Dollars’

Gold Plated Yuan & Cryptocurrencies will soon attack the US Dollar

Some 70 hedge funds have bought bitcoin. The crypto currency’s price volatility provide something traditional markets are lacking…action. China has wanted to unshackle itself from the dollar for a long time and now they’re giving yuan-denominated gold contracts a third try. The dollar will soon be under attack: both from a gold-plated yuan and the cryptocurrencies.

King Dollar Doomed - Massive Collapse Looms as Rally Fizzles, Rush to Gold

Countries around the world would soon stop trading commodities like oil in the US dollar, something we’re already seeing with China, Russia, Iran, and Venezuela, all of which are preparing non-dollar, gold-backed mechanisms of exchange. After a near term bounce, the US dollar is going to be very weak… and then it’s going to go much, much lower while you see a massive rush for gold.

Unwise to be Short on Gold or Silver as Dollar & Stock Market Crash Loom Large

Gold is already up by almost 15% so far in 2017, fueled by the falling dollar. A weak dollar, coupled with a technical breakout, should continue to push gold prices higher, possibly toward $1,600. A major international banking crisis is inevitable & likely to occur fairly soon. A stock market crash is likely to push many banks to that point of failure. So it would be very unwise to be short gold or silver now.

Will Yuan Priced Crude Oil Futures Backed by Gold be Appealing to Oil Exporters?

China is preparing to launch a crude oil futures contract denominated in Yuan. Backing the yuan-priced futures with gold would be appealing to oil exporters, especially to those who would rather avoid US dollars in trade. It is a mechanism which is likely to appeal to oil producers who prefer to avoid using dollars & are yet not ready to accept being paid in yuan for oil sales to China.

Silver, the Bargain of the Century, sure to Follow after Gold Breakout

After the gold breakout, $1,310 is still a low price for gold relative to where it is going. And of course, silver is an even better buy. In fact, silver is tremendously undervalued. The huge spread in the silver-gold ratio currently stands at over 75:1, considering that the historic average ratio is around 16:1. On top of the fact that silver is undervalued, fundamentals point to a bullish future for silver.

This Is What Points To Much Higher Silver Prices

Silver prices, in terms of US dollars in existence, is indeed at its all-time 100-year low. In 1980, the all-time high was 0.361, whereas the ratio is currently at around 0.004. The US monetary base is currently around 3 946 billion dollars (or 3.946 trillion). There are many signs that point to the fact that silver prices are about to correct this situation, by spiking much higher.

China-Saudi deal "Yuan for Oil," Another step to the Grave for the Dollar

As China imports more & more oil, the idea of paying for oil in yuan instead of the US dollar becomes more critical. China is working on a deal to pay for Saudi oil using Chinese yuan. This effort poses a direct threat to the security of the dollar. If this China-Saudi deal happens — yuan for oil — it’s another step closer to the grave for the petrodollar, which has dominated global finance since 1974.

Can Base Metals like Lead be Turned into Gold? Well! Actually YES

Can base metals such as lead actually be transmuted into gold? Surprisingly the answer is yes. Does this have any impact in the market price for gold? While gold can be created by artificial transmutation, precious metal owners have no need to fear. The price of precious metals has not and will not be affected by alchemy in the foreseeable future. Science still has a long way to go.

The Reasons For Owning Gold Bullion Are As Strong As Ever

Given its recent surge, is gold still a “buy?” With the Fed in a tricky situation regarding interest rates—and ambiguity likely to continue to surround the political arena—we may be in for a wild ride in 2017. Given the uncertain outlook and improving fundamentals for gold, now is a great time to add the yellow metal to your portfolio.

Individuals likely to opt for Gold or Silver if Free to choose what to use as Money

History shows that, if individuals have the freedom to choose what to use as money, they will likely opt for gold or silver. Of course, modern politicians and their Keynesian enablers despise the gold or silver standard. Its because linking a currency to a precious metal limits the ability of central banks to finance the growth of the welfare-warfare state via the inflation tax.

Is Gold still a Buy? - 5 Reasons You Should Increase Allocation to Gold

Gold is up almost 8% since the beginning of the year & the outlook for 2017 is bright. Net bets on higher future prices have almost doubled since January. Assets held by gold ETFs are up 34% from their Dec lows. Given its recent surge, is gold still a “buy?” Here are 5 compelling Reasons. Given the uncertain outlook & improving fundamentals for gold, now is a great time to add gold to your portfolio.

What is President Trump's US Dollar Policy?

Let’s take a look at what Trumponomics really means for the direction of the US dollar. If the Trump Administration really wanted a weaker US dollar they would ask for Janet Yellen’s resignation & appoint someone even more dovish than she is. A successful implementation of Trumponomics equates to a stronger US dollar, higher bond yields & rising borrowing costs.

Reasons Why Debt-Based Paper Currency Is Not Money

All paper currencies are debt. They are neither redeemable for anything by their issuer, nor is there a limit on how many can be created. In today’s world, not only do people around the world take it for granted that paper is money, but that it should be so. After the current system collapses, as in the past has, some form of money will have to replace it, and it’s almost certainly going to be gold.

Gold Price Movements may not be Exciting in 2017 – But I just can’t be Bearish on Gold

Across the developed world, is civil tension, unrest and division going to bubble over, or is it going to simmer down in the coming years? There is every chance that the narrative of civil discontent, division and unrest continues to fester and worsen in the coming years, even if there are no big, catalytic votes coming up in the US and UK. That’s why I’m not particularly bearish about gold.

Gold Investment Demand to rise on Inflation & Pent-up Selling in Red-Hot Stocks & US Dollar

Stock investors owning essentially-zero gold exposure, have vast room to buy again when the wildly-overvalued stock markets inevitably roll over. Gold investment demand was triggered in 2016 by post-Fed-rate-hike stock selling delayed until January for tax reasons. Incentives to hold until January are far greater this year than most, since 2017 may see lower tax rates thanks to Trump.

Will the US Dollar Die as "New World Money" Goes Live Today? Should I Buy Gold?

Today, Sept. 30, is when the IMF officially adds the Chinese yuan to its basket of currencies comprising its special drawing right (SDR). It has enormous long-term implications for the dollar. Does that mean the dollar becomes worthless overnight? Of course not. This is a development with long-term implications, and that’s the point — the dollar will die — but with a whimper, not a bang.

China On A Gold Buying Binge Despite Massive Debt For Obvious Reasons

Similar to that of other developed nations, China’s debt has also reached “bubbly” proportions. But they know that during the next crisis those nations with a large gold backing will not only survive, but will be prosperous as well! China will most certainly increase its gold reserves even further. Imagine if only a portion of their $1.22 trillion US treasury holdings are shifted to gold. BOOM…

Case for Owning Real Money - Gold and Silver Outside the Banking System

We’re in a situation on a global basis we’ve never been in before, which is that the reserve currency of the world is failing, which means you need something outside of the system. You need something that’s not electronic-based, has no counterparty risk, that’s universally recognized & of high value that could be used anytime, anywhere by anyone. That of course is gold and silver.

Deutsche Bank Refuses Delivery Of Physical Gold Upon Demand

What was supposedly an ETC which promised physical delivery upon demand, is nothing more than yet another “paper only” play. Is the inability to deliver physical gold an incipient issue with Xetra-Gold, or Deutsche Bank, and if the latter is suddenly unable to satisfy even the smallest of delivery requests by retail clients, just how unprecedented is the global physical gold shortage?

Here Is Why The US Dollar Collapse Is Imminent

The list of reasons why the US dollar could collapse is getting bigger daily. Here are some factors – Reckless monetary policies by the Federal Reserve. U.S. national debt continues to increase. Other currencies like the Chinese yuan are gaining a significant amount of attention on a global level. Central banks are starting to lose trust in the US dollar as well. Read more…

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