Dear PGM Capital Blog reader, During this weekend blog edition we want to elaborate on the following events that happened in the capital markets, world economy and the world of money: The changes in USA GDP measurements. The ECB interest rate was cut to a record low on Thursday May 2nd 2013 DOW-30 and DAX-30 to[…]
Dear PGM Capital, Blog readers, Last Friday Gold sank more than five per cent, entering bear-market territory as institutional investors fled Gold amids of other safe-haven assets amid concerns about central bank sales and souring sentiment. In the table below we can see the damage done to Gold and other precious metals last Friday,[…]
Dear PGM-Capital, blog readers, The big news over the weekend was the Cyprus Banks having to be bailed out by the ECB. The Mediterranean island nation of Cyprus, a former British colony, is divided into a Greek and Turkish part. On May 1st 2004, the southern part, the Republic of Cyprus, became a member of the[…]
Dear PGM-Capital, blog readers, On Friday, February 22nd 2013, Moody’s Investors Service downgraded the domestic- and foreign-currency government bond ratings of the United Kingdom by one notch to Aa1 from Aaa, with a stable outlook Moody’s motivates the downgrade on the following facts: The continuing weakness in the UK’s medium-term growth outlook, with a period[…]
Dear PGM-Capital, blog readers, On Thursday February 14th 2013, British-Australian mining giant RIO Tinto (NYSE: RIO, ASX: RIO.AX, LSE: RIO.L world 3rd biggest miner by market cap, behind BHP Billiton and Vale), reported its H2-2012 and full year results. Highlights 2012 financial results: Underlying earnings of US$9.3 billion. Net loss of US$3.0 billion after impairments of US$14.4[…]
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, 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[…]
Today the US Job numbers dominated the market and its direction. The European markets closed solidly higher after the positive jobs report, but most commodities were beaten down all day. The US markets opened high in the beginning but closed near zero or negative in the end, because some index heavyweights pulled the index down.[…]
Dear PGM Capital, Blog readers, In our effort to provide you with the best information for you to excel and protect your assets in a world heading for depression, we are very pleased to inform you that our sister company “PGM Academy” is organizing an Investment Seminar in Curacao, scheduled to start on Wednesday October[…]