Dear PGM Capital Blog readers, On Friday November 28th, the national debt of the United States officially surpassed 18 trillion US Dollars, of which the debt held by the public rose to US$12,922,681,725,432.94, an increase of US$32 billion in one day, as can be seen from below screenshot. The Congressional Budget Office (CBO) released two startling reports[…]
Dear PGM Capital Blog readers, In this weekend’s blog edition, we want to discuss with you why Oil and commodities prices are falling and are now at a 5-year low. CRUDE OIL: Oil futures on Friday, November 28th, settled at their lowest level in five years as the Organization of the Petroleum Exporting Countries’ decision to keep[…]
Dear PGM Capital Blog readers, In this weekend’s blog edition we want to discuss some of the most important events that happened in the global capital markets, the world economy and the world of money in the week of November 17, 2014: Japan Back into Recession: China Lowers Interest rate: Russia continues to expand its Gold[…]
Dear PGM Capital Blog readers, In this weekend’s blog edition, we want to discuss with you the Peak of Silver production and the fact that US-Mint ran out of the American Silver Eagle coins. Of all the elements on the periodic table, Silver has been dubbed the first to go extinct, which will make it the resource investment[…]
Dear PGM Capital Blog readers, In this weekend’s blog edition, we want to discuss with you why the US-Dollar has been rising since mid May of this year, despite the fact that the long-term health of the world reserve currency is still as precarious as it ever was and the fact that the national debt is currently[…]
Dear PGM Capital Blog readers, In this weekend’s blog edition, we want to discuss with you the BHP Billiton (ASX: BHP), operation report for the quarter ending September 30, 2014, which was released on Wednesday, October 22, 2014. COMPANY PROFILE: BHP Billiton is an Anglo-Australian multinational mining, metals and petroleum company headquartered in Melbourne, Australia. It is[…]
Dear PGM Capital Blog readers, In this weekend’s blog edition, we want to discuss with you, the total debt of the USA, which has reached an all time record of over US$ 60 Trillion at the end of Q2-2014 and the USA Public Debt which currently is near an all time high 18 Trillion US-Dollars. THE USA PUBLIC DEBT:[…]
Dear PGM Capital Blog readers, In this weekend’s blog edition, we want to discuss with you, the market rout in the West that started around mid September this year. USA MARKETS: U.S. stocks capped a wild week with fresh losses, as sharp declines in technology shares dragged the broader market lower and the Dow Jones Industrial Average[…]
Dear PGM Capital Blog readers, In this weekend’s blog edition, we want to discuss with you the USA September jobs report, which came out on Friday, October 3rd 2014. On Friday October 3rd at 8:30 am EST, the USA Bureau of statistics (BLS) reported that USA Economy has created 248,000 non-farm jobs in September 2014, which beats analysts’[…]
Dear PGM Capital Blog readers, In this midweek’s blog edition, we want to highlight some of the most important events for the week of September 29 and October 03, 2014. The Strong US Dollar Must see internet links Technical Market Outlook The Strong US Dollar This week we will take a look at a currency[…]