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, For investors, the last 12-months and in particular this year has been one gigantic roller coaster ride. We began the year 2016, with the worst two-week start in recorded history for the U.S. Indexes, after the first 10 trading sessions, all three major U.S. indexes were showing losses of between[…]
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 April 25, 2016: China’s central bank guided the yuan higher at the sharpest pace since 2005.[…]
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, In this weekend’s blog article, we want to discuss with you why investing in Australia can be lucrative and the best way to do it. ABOUT AUSTRALIA: Australia is a developed country with an estimated nominal GDP of 1.137 trillion US-Dollar for which it ranks as the world’s 12th-largest economy. Additional Economic facts[…]
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[…]
Dear PGM Capital Blog readers, In this weekend blog article, we want to elaborate on the possibilities and consequences of negative interest rates. INTRODUCTION: Imagine a bank that pays negative interest. Depositors are actually charged to keep their money in an account. As crazy as it sounds, several of Europe’s central banks have cut key interest rates[…]
Dear PGM Capital Blog readers, In this weekend blog article, we want to elaborate on the fact that the Chinese Yuan, has moved closer in joining the prestigious IMF Special Drawing Rights currency basket. On Saturday November 14, the IMF staff and chief Christine Lagarde, officially green lighted the acceptance of China’s currency – the Renminbi or[…]
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 September 20, 2015: Russian Central Bank bought one million ounces of Gold in August. Caterpillar announced restructuring plans.[…]
Dear PGM Capital Blog readers, Investors around the world have been closely watching the USA Central bank’s (The FED) decision on short-term rates, which have been near zero since the financial crisis in a bid to stoke growth and borrowing. That stance has helped propel a six-year-long bull market in stocks and bonds. After keeping the markets[…]