Dear PGM-Capital, blog readers. Today, January 2nd 2013, we would like to look back at 2012, and try to do some predictions for the year 2013. The year 2012, similar to 2011, will go into history as a year during which mainly the West media did their utmost to talk down the Euro, China, and[…]
Dear PGM Capital Blog readers, This weekend, we want to talk with you about the Currency War that is currently taking place. Currency war definition: Currency War, also known as competitive devaluation, is a condition in international affairs where countries compete against each other to achieve a relatively low exchange rate for their own currency, in order to support their export.[…]
Dear PGM Capital Blog readers, As predicted by our research team USA president Barack Obama won a second term in the White House in yesterday’s USA presidential elections by defeating Republican nominee Mitt Romney, hereby making history as the first US president to survive a dragging economy and stifling unemployment, that already haunted him during his first term and[…]
Dear PGM Capital Blog readers, This weekend I would like to use the opportunity to talk with you about the USA-fiscal cliff and coming debt ceiling. During a speech before the House financial Service committee at the end of February 2012, the USA Fed chairman Mr. Ben Bernanke, was the first person to use the term “fiscal cliff”. Full story: The[…]
Dear PGM Capital Blog readers, This weekend I would like to talk with you about investing in Silver. Silver is a metallic chemical element with the chemical symbol Ag (Latin: Argentum), Unlike gold, which is predominantly a precious metal, of which 90% of its mined output is being saved, 90% of all mined silver, on the other hand, continues to be utilized for industrial purposes: Silver is needed[…]
Dear Blog followers, After a busy year of transition and reorganization we want to relaunch our Market Update articles and will start today! We have seen the European Markets go sideways after Mario Draghi announced that it will continue to keep interest rates at very low levels and that they stand ready to buy Spanish[…]
Dear PGM-Capital Blog readers, ECB and FED Chairmen have spoken and they both declared to do whatever it takes (read to buy an unlimited amount of bonds) to respectively save the Euro and to safeguard the USA from going into Recession/Depression. Ladies & Gentlemen, Look how far our moral and values have fallen! The Economy of the West is in such an alarming stage that it can only survive and not[…]
Dear PGM Capital Blog readers Today, September 2nd 2012, the USA Debt has reached an all time high of USD 16 Trillion as can be seen from the image here above. With a population of approx 313,428,000 people it means that the USA National debt is approx. USD 51,047 per citizen. With a GDP per Capita of apprrox USD 48,200.00,[…]
Dear PGM-Capital Blog readers, Yesterday, July 24th 2012, based by fear, investors fled into US-Treasuries with the consequence that the yield of the 10-year note depreciated to a 50- year low of 1.39% as can be seen from below charts. Subsequently the USD Index rose to a two year high of 84.1. Buying 10 year US-Treasuries at yield of 1.47% is more or[…]
Dear PGM-Capital Blog readers, Today July 23rd 2012, China CNOOC Ltd (NYSE: CEO, HKSE: 0883.HK) anounced that it has entered into a definitive agreement to acquire all the outstanding common shares of Canadian Oil & Gas Company NEXEN Inc (NYSE: NXY, TSX: NXY), for US$27.50 per share in cash. The purchase price, which totals approx US$ 15.1 billion, represents[…]