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, 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, 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 October 5, 2015: The Chinese Yuan, overtook the Japanese Yen as the world fourth most used payment currency. Suncor[…]
Dear PGM Capital Blog readers, In this weekend blog edition, we want to elaborate on the current correction cycle, that has all the potential of becoming a bear market, which might lead to a global recession or even depression. DEFINITION OF A CORRECTION: A correction is a decline or downward movement of a stock, or a[…]
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 July 20, 2015: Bad start of earnings season Q2-2015 DOW Jones Down YTD Gold falls below US$ 1,100.00[…]
Dear PGM Capital Blog readers, In the early morning of Saturday, June 27, 2015, the July 5, 2015, referendum was announced by Greece Prime Minister Alexis Tsipras and ratified the following day by the Greece Parliament and President. Voters will be asked whether they approve of the proposal made to Greece by the EU, the IMF and the[…]
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 May 25, 2015: USA GDP shrank 0.7 percent in first quarter of this year. Brazil Economy contracted with[…]