Dear PGM Capital Blog readers, In this weekend’s blog edition, we want to see if there are similarities between the story of the boy who Cried Wolf and the the talk of the USA FED, who is telling us that they are going to raise rates. THE FABLE: The story dates from Classical times, but, since it was[…]
Dear PGM Capital Blog readers, In this weekend’s blog edition we want to elaborate on the Gold-to-Oil ratio which since the beginning of this year is in record territory. INTRODUCTION: The Gold-to-Oil ratio measures how many barrels of crude oil is needed to buy one (1) ounce of gold. On average, the ratio has historically[…]
Dear PGM Capital Blog readers, As can be seen from below figure, in a referendum called “BREXIT”, held on Thursday June 23, approx. 51,9 percent of the people of the United Kingdom has voted in favour of Great Britain to leave the European Union, shocking the world and revealing a divided country. That means that[…]
Dear PGM Capital Blog readers, In this weekend’s blog edition we want to discuss some of the most important events that happened in the global capital markets, the world economy and the world of money in the week of June 16, 2016: Germany’s 10-year sovereign bond yield turn negative for the first time. The USA[…]
Dear PGM Capital blog readers, On Friday, June 3, 2016, the USA Bureau of Labor Statistics reported that the country’s economy only added 38,000 nonfarm payrolls jobs in May, well below the 160,000 gain anticipated by analysts. The increase was the smallest registered since early 2010, when the US economy was losing jobs. On top[…]
Dear PGM Capital Blog readers, Billionaire investor George Soros and his former partner Stanley Druckenmiller, who made a fortune betting against the British pound in 1992, disclosed on Monday, May 16, big bet on gold during the first quarter of this year this according to their regulatory filings. GEORGE SOROS: During the first quarter the[…]
Dear PGM Capital blog readers, On Friday, April 1, 2016, the USA Bureau of Labor Statistics reported that the country’s economy added 215,000 nonfarm payrolls in March, beating market expectations. The private sector hired 195,000 workers. But wages grew a mere 2.3% compared to a year ago. It’s especially disappointing because the economy has added[…]
Dear PGM Capital blog readers, On Thursday, December 24, 2015, the Swiss Federal Government informed the media, that it had received enough signatures and would hold a referendum as part of the so-called “Vollgeld”, or Full Money Initiative, also known as the Campaign for Monetary Reform, which seeks to ban commercial banks from creating money, and[…]
Dear PGM Capital Blog readers, On Thursday, March 10, 2016, the European Central Bank (ECB) during its monetary policy meeting took the following monetary policy decisions: The interest rate on the main refinancing operations of the Eurosystem will be decreased by 5 basis points to 0.00%, starting from the operation to be settled on March[…]
Dear PGM Capital Blog readers, In this weekend blog article, we want to discuss with you the Gold-to-Oil Ratio and the Gold-to-Silver ratio which currently are at an all-time-high might be predicting. GOLD-TO-OIL RATIO: On Friday, March 04, Gold closed on US$ US$ 1,259.10 an ounce and WTI crude at US$ 36.33 a barrel, which consequently brought[…]