Asian Metals Market Update: November-14-2017

Political developments in the UK will be the key for gold prices. It seems NATO politicians are getting into the habit of blaming the Russians for their election losses. These are just baby steps towards a long term full-fledged armed conflict. Theresa May blaming Russians for her political misery is just another failed diversionary political tactic. The UK has more Asians. Asians are not idiots like Americans where Russian ghost works in everything.
The gold will price be dependent on interest rate expectations for next year. December’s interest rate hike is more or less factored in by the markets.

This post was published at GoldSeek on 14 November 2017.

Asian Metals Market Update: October-31-2017

Trump and his controversies prevented gold and silver from a collapse. Russian meddling in elections is the headline. Americans meddle in the elections of every nation. Might is right for the Americans. By naming Russia American politicians are just trying to justify their global war cost. Most of the war which America or NATO are fighting are fake. Key American news providers are the real fake news and not the other way around. Politicians and charities supported by NATO are being exposed daily. This is one of the reason why more and more nationalistic right wing political parties are gaining ground in every nation. Gold has to gain, paper assets (except bitcoin) have to crash as the controlling power of NATO declines.
One needs to keep a close watch on news from America.

This post was published at GoldSeek on 31 October 2017.

NATO Launches New Black Sea Force To Target Russia

Robert Shiller isn’t the only Nobel Laureate who’s worried the US stock market is sleepwalking toward disaster.
In an interview with Bloomberg’s Jeanna Smialek, Thaler, who was awarded the Nobel Memorial Prize in Economic Sciences on Monday for his pioneering work in establishing that humans are ‘predictably irrational’, said that the stock market’s complacency in the face of the North Korean nuclear threat and political uncertainty at home is disconcerting.
‘We seem to be living in the riskiest moment of our lives, and yet the stock market seems to be napping,’Thaler said, speaking by phone on Bloomberg TV. ‘I admit to not understanding it.’ Adding his voice to a growing chorus of Wall Street analysts who suspect that the Trump administration’s tax reform ambitions will be dashed by a handful of intransigent senators, Thaler said any investors who’ve been paying attention should have ‘lost confidence’ by now.
‘I don’t know about you, but I’m nervous, and it seems like when investors are nervous, they’re prone to being spooked,’ Thaler said, ‘Nothing seems to spook the market’ and if the gains are based on tax-reform expectations, ‘surely investors should have lost confidence that that was going to happen.’ US stocks have continued to hit a string of records since President Donald Trump’s upset victory over Hillary Clinton in November while volatility has plunged, with realized vol reaching its lowest level on record in October.

This post was published at Zero Hedge on Oct 11, 2017.

Market Talk- October 9th, 2017

Generally a very quiet day in the markets, no real game changing events shocked the major markets today. German industrial production was announced with 2.6% MOM gain as opposed to a 0.7% forecast. ECB’s Lautenschlaeger did have a speech and hinted at scaling back asset repurchasing next year with the view to scrap the program altogether. This caused very little action to the EURUSD, with the rate holding around the 1.17 area.
The biggest shock of the day occurred in the Turkish markets, with 10 year bond yields increasing by +43bps today bringing yields up to 11.23%, this was due to the Turkish diplomatic row with the US. The two nato countries, suspended each other’s visas for their citizens. The Turkish lira subsequently lost 2.8% against the dollar – however since has regained some of its lost ground. The Turkish Borsa 100 temporally slipped below 100,000, it did manage to close above but still -2.73% for the day. When confidence is lost in an economy we see a ‘true bearish’ market where both the currency and the stock market decline.

This post was published at Armstrong Economics on Oct 9, 2017.

Asian Metals Market Update: October-03-2017

Technically gold and silver are bearish and can fall further. Copper looks bearish. The Euro/usd will see another wave of sell off if it trades below 1.1682 today. The US dollar looks strong due to European woes. Lack of Chinese influence can be seen on industrial metals and silver. Fundamentals of the global economy are stronger than ever before. Japan, Europe, China and the USA have all reported strong manufacturing growth numbers. The slowdown in UK manufacturing growth does affect global growth. Fundamentally the global economy has been so strong and for a long period of time. There are lot of concerns that a global recession can come very soon. Only a mad move by NATO by increasing the geopolitical risk level can derail the current pace of global economic growth. Geopolitics is the key to global economic growth.
US jobs will be hit the headlines once again this week.

This post was published at GoldSeek on 3 October 2017.

Gold Up, Markets Fatigued As War Talk Boils Over

North Korea threatens to reduce the U. S. to ‘ashes and darkness’ Markets becoming used to ongoing provocations from North Korea Russia and China continue to support watered down versions of sanctions on Kim’s regime Both NATO and Russia running war games on one another’s borders Putin says Russia will ‘give a suitable response’ to NATOs threatening behaviour Gold set to climb as fears over economy and war will drive safe haven demand This year North Korea has launched a dozen missiles. With the latest one it has threatened the U. S. with ‘ashes and darkness’ as Kim believes it ‘should be beaten to death like a rabid dog.’
Russia and China continue to support watered down sanctions on the isolated country. Both have made it clear that they will not tolerate a war on their borders.

This post was published at Gold Core on September 15, 2017.

Asian Metals Market Update: September-11-2017

The correction in gold and silver is a part and parcel of a long term bull rally. A short term bearish trend will be there if gold and silver continue to fall after the Bank of England meeting on Thursday this week. The UN meeting on North Korea will be fake. The USA will get what it wants from the UN. Other than Russia there is no other power which can challenge NATO and the UN. Russian stance will be the key to the North Korean crisis just like Syria. Physical demand for gold and silver will zoom in Asia on any two percent fall (if any).
Hurricanes in the USA are a short term pain for the US economy but a real long term gain.

This post was published at GoldSeek on 11 September 2017.

Asian Metals Market Update: August-11-2017

Factors which can affect markets
Trump’s rhetoric on nuclear attack on North Korea is a case of barking dogs seldom bite. A nuclear attack on North Korea will indirectly affect people of South Korea as well as people of China. The Japanese Fukushima nuclear disaster is still yet to be fully controlled despite many years. All news related to Fukushima is highly censored. There is a difference between armed attack to dethrone the North Korean monarchy and a nuclear attack. There is a little doubt that North Korea will very soon become a colony of NATO. The American knows that North Korea armed attack will get over quickly whenever they want it. So they have now started Venezuela. American say that Venezuelan elections is rigged and was not conducted in the way they want to. America’s message to the world is that if anything is not done as per their whims and fancies then unleash a global alienation for that nation. On the contrary everyone knows that American elections is the most rigged election among the democratic nations. Certain reports say that the per capita alcoholics is highest in USA in the world, USA has the highest per capita credit card debt. The real purchasing power of the US dollar is on the slide. In the long term gold will rise. Gold is money. Gold is the real asset.

This post was published at GoldSeek on 11 August 2017.

Asian Metals Market Update: July-18-2017

Lack of news resulted in a weaker US dollar and the continued rise in metals and energies. Trump and his never ending controversies implies stalemate among US lawmakers to pass new legislation. Only war legislations have been passed by republicans. Global safe haven demand has been on the rise. The internet is filled with speculation that the Russia-China energy deal will result in an end to the petrodollar. Tensions in the South China Sea and a NATO expansion in eastern Europe will increase in all kinds of trade between Russia and China. We might see a new cold war3 with Russia-China on one side and NATO and its allies on the other. NATO has used trade sanctions first to alienate a nation and if trade sanctions did not work, then use force or create an armed rebellion in that nation. NATO’s tried and tested ways to rule will not work with the Russia-China axis. Russian and Chinese governments have been continuously increasing their gold reserves. One needs to closely watch NATO’s tactics with the Russia-China axis. The Taliban, the Islamic state, the mujahedeen’s, one can call by whatever name are all termites created by NATO for an opposing nation. Philippines great leader Duterte opposed NATO and the Islamic state terror has been unleashed to him. No one is invincible. I believe that the controlling power of NATO will fall over the coming years. Physical gold is still not a bad very long term investment.

This post was published at GoldSeek on 18 July 2017.

Asian Metals Market Update: July-07-2017

Factors which can affect markets
Fundamentally there is no positive news for gold and silver. They are just moved by US interest rate trends and global bond yields. This correlation will be over by September and new correlations will be seen. A stronger US economy can result in initial losses for bullion but will start another 2003 type bull wave in gold. Excess will happen in a world where algorithmic trading/robots trade. The restarting of another super bull run is getting delayed by another few years.
Gold and silver are looking very bearish at the moment. Higher geopolitical risk has not lent support to bullion. Today’s US June payrolls need to be lower than 140,000 to start some short term rally in gold and silver. Crude oil’s failure to rise after a bad US inventory report can result in a ten percent fall in the short term. One needs to remain on the sidelines today.
The fall in crude oil prices reflects fundamentals. It is also the US style way of ensuring that the key crude oil producing nations exhaust their crude oil wells and US replaces OPEC as the price dictator of crude oil prices. Every war in the 21st century by America and NATO allies is for energy and minerals. This will continue.

This post was published at GoldSeek on 7 July 2017.

Asian Metals Market Update: June-26-2017

Factors which can affect markets
Trump’s trumpet is over now. Trump is different from the previous American presidents as he tries to lure more and more companies to create jobs. He being a billionaire is trying to rectify America’s balance sheet. But the American politicians are trying their best to start an impeachment proceeding against him as they do not like change. May be they do not like the change in power. Every kind of proposed legislation has been blocked. This has been the American political scenario. The reverse has been the American growth story which has been showing signs of sustainment. The European political scene is getting the stabilization doze after the French election and UK elections. UK elections have failed to create any volatility. German elections in my view will be rigged in favor of Merkel. Options market bets are showing a bullish trend for the euro against the US dollar for the rest of the year. Turkey alienating itself from NATO is just a tip of the iceberg. In the future I see NATO being replaced by group of Islamic nations who are currently funding wahabisim. In the end, all the political developments so far in 2017 makes me believe that the common man should not write off gold and silver as a long term investment destination.
The next two weeks are big weeks for all metals and energies. Incoming US economic data releases will give us a clue over the pace of interest rate hikes for the rest of the day. Concerns are there over the continued rise in American stock markets. There is also some section of traders who are increasing bearish bets on the US dollar for the rest of the year. So far Trump has not done anything to increase jobs. Foxconn, Infosys etc have all announced job creation but actuals will take a lot of time. If jobs creation is the sole criteria for interest rate hikes by the Federal Reserve then interest rates will rise at a much quicker pace next year than in the next six months.

This post was published at GoldSeek on 26 June 2017.

Asian Metals Market Update: June-22-2017

Factors which can affect markets
I will once take a close look at the Syrian conflict. NATO has recently shot down a Syrian fighter jet and an Iranian drone. These will only escalate tensions between NATO and Russian allies. Syrian forces are gaining ground despite NATO sending its own terrorists. The deterioration of relations between European Union and Turkey will also have an impact on the whole of Middle East and North Africa region. Germany is forced to shift its airbase in Turkey. An anti EU turkey will only escalate the tensions in and around the Persian Gulf and Red Sea zone. Gold demand in Eastern Europe could zoom as a result.
Technically the correction in gold, silver and copper is over. Gold can rise to $1296 as long as it trades over $1227-$1237 zone. Silver needs to trade over $1609 till early August to continue its medium term bullish zone. Copper can rise to $296-$312 zone by end August as long as it trades over $242-$247 zone. Crude oil should form a long term bottom anytime between now and 4th July.

This post was published at GoldSeek on 22 June 2017.

Leading The Multipolar Revolution: How Russia And China Are Creating A New World Order

The last thirty days have shown another kind of world that is engaging in cooperation, dialogue and diplomatic efforts to resolve important issues. The meeting of the members of the Belt and Road Initiative laid the foundations for a physical and electronic connectivity among Eurasian countries, making it the backbone of sustainable and renewable trade development based on mutual cooperation. A few weeks later, the Shanghai Cooperation Organization meeting in Astana outlined the necessary conditions for the success of the Chinese project, such as securing large areas of the Eurasian block and improving dialogue and trust among member states. The following AIIB (Asian Infrastructure Investment Bank) meeting in ROK will layout the economical necessities to finance and sustain the BRI projects.
The Shanghai Cooperation Organization (SCO) and the Chinese Belt and Road Initiative (BRI) have many common features, and in many ways seem complementary. The SCO is an organization that focuses heavily on economic, political and security issues in the region, while the BRI is a collection of infrastructure projects that incorporates three-fifths of the globe and is driven by Beijing’s economic might. In this context, the Eurasian block continues to develop the following initiatives to support both the BRI and SCO mega-projects. The Collective Security Treaty Organization (CTSO) is a Moscow-based organization focusing mainly on the fight against terrorism, while the Asian Infrastructure Investment Bank (AIIB) is a Beijing-based investment bank that is responsible for generating important funding for Beijing’s long-term initiatives along its maritime routes (ports and canals) and overland routes (road, bridges, railways, pipelines, industries, airports). The synergies between these initiatives find yet another point of convergence in the Eurasian Economic Union (EEU). Together, the SCO, BRI, CTSO, AIIB, and EEU provide a compelling indication of the direction in which humanity is headed, which is to say towards integration, cooperation and peaceful development through diplomacy.
On the other side we have the old world order made up of the IMF, the World Bank, the European Union, the UN, NATO, the WTO, with Washington being the ringmaster at the center of this vision of a world order. It is therefore not surprising that Washington should look askance at these Eurasian initiatives that threaten to deny its central and commanding role in the global order in favor of a greater say by Moscow, Beijing, New Delhi and even Tehran.

This post was published at Zero Hedge on Jun 21, 2017.

The end of the Anglo-American order?

There has always been a shared conceit at the heart of the special relationship between the United States and United Kingdom that global leadership is best expressed and exerted in English.
More boastful than the Brits, successive U.S. presidents have trumpeted the notion of American exceptionalism.
Prime ministers, in a more understated manner, have also come to believe in British exceptionalism, the idea that Westminster is the mother parliament, and that the U.K. has a governing model and liberal values that set the global standard for others to follow, not least its former colonies.
In the post-war Anglo-American order those ideas came together. In many ways, it was the product of Anglo-American exceptionalist thinking: the “city upon a hill” meets “this sceptred isle”.
NATO, the IMF, the World Bank and the Five Eyes intelligence community all stemmed from the Atlantic Charter signed by Franklin Delano Roosevelt and Winston Churchill in August 1941.
The liberalised free trade system that flourished after the war is often called the Anglo-Saxon model. The post-world global architecture, diplomatic, mercantile and financial, was largely an English-speaking construct.

This post was published at BBC

Asian Metals Market Update: June-07-2017

It seems all terror attacks in democratic nations happen before an election. I rarely find any terrorist attack after an election. I am confident that once UK and German elections are over, Europe will not see terror attacks for quite a long time. In Europe or the UK all terrorists were known to the law enforcement agencies and still they slept. It is very easy to radicalize anyone these days. Give a dissatisfied person/unemployed person a mobile phone with an internet connection and continuously send him links for radicalization. The person will get radicalized very quickly. Some get self-radicalized due to the content provided by facebook, twitter, whatsapp and other social networking platforms. This is a side effect of social networking. This is causing a big demographic change in the world. It is very easy to show all lies as truth in the virtual world. Islamic religious heads are doing the same along with NATO nations. This is also one key reason why gold has to rise in the long run and the US dollar/paper assets needs to be dumped.
In India social networks (whatsapp, facebook etc) are changing the behavioral aspects of people, demand of any consumer product gets affected by social media. Social media is now a big cause for divorce in India and is growing. Productivity in offices gets reduced due to increased social media usage. However businesses are also lowering selling costs due to social media publicity. Demographic disruptions caused by social media will only increase the demand for physical gold in India.

This post was published at GoldSeek on 7 June 2017.

Asian Metals Market Update: June-06-2017

Developments in Qatar will be closely watched. Energy is the root cause of all Middle East wars. After Qatar, Oman will be left. Oman could also start turning into a Yemen from next year. The so called energy war in the Middle East is a joint effort by the Saudi’s and NATO to make new nations including expansion of Israel. Iran is a powerful nation and also has the support of Russia. The Syrian war changed when Russia started intervening. NATO forces are no match for Russian weapons. Gold will get the benefit of doubt. Unofficial physical gold demand in the Middle East will zoom.
Technically gold and silver are bullish but need to break and trade over $1293 and $1776 for another wave of rise. Bloomberg survey says a ninety percent chance of an interest rate hike next week. There is speculation of preponement of German elections so that Merkel cashes in on the increase in voter sympathy towards her. I am not sure whether political developments in the Eurozone and the UK will support gold in the medium term. But any increase in political unrest in Europe will support gold.

This post was published at GoldSeek on 6 June 2017.

Asian Metals Market Update: May-29-2017

It is a big week for the US dollar as well as gold, silver and industrial metals. US May nonfarm payrolls will set the trend for the US dollar and also decide whether there will be more than one interest rate hike by the Federal Reserve this year. UK elections trends can result in safe haven demand for gold from the nation. India will decide the GST rate on gold sales and jewelry sales this week too.
Geopolitics gets a new nation in the form of Philippines. State versus ISIS war in a small region of the nation will greater chances of the same spreading to more parts of Philippines. The current situation in Philippines is similar to Syria of 2012. Assad’s war started with a small bunch of so called terrorists which has gulped the whole nation. I will be looking for clues whether Philippines will be converted into a Syria as state heads of both these nations do not bow to the whims and fancies of NATO leaders. (NATO and the UN have a history of ousting pro people leaders like Gadaffi, Assad, Hosni Mubarak to name a few). I am very confident that both gold and bitcoins will benefit if the situation in the Philippines turn to worse.
Philippines problems get aggravated by its neighbor, the most populous Islamic nation in the world ‘Indonesia’ and also Malaysia. Indonesia and Malaysia have a great percentage of population leaning towards the ISIS. The peaceful nation of Australia will also get affected if Philippines problems get aggravated. I am looking at the geopolitical developments in East Asia including the South China Sea.

This post was published at GoldSeek on 29 May 2017.

Eurasian Economic Transformation Goes Forward — F. William Engdahl

At this juncture it’s clear that the attempt of the Trump Administration and related circles in the U.S. military industrial complex have failed in their prime objective, that of driving a permanent wedge between Russia and China, the two great Eurasian powers capable of peacefully ending the Sole Superpower hegemony of the United States. Some recent examples of seemingly small steps with enormous future economic and geopolitical potential between Russia and China underscore this fact. The Project of the Century, as we can now call the China One Belt One Road infrastructure development – the economic integration on a consensual basis by the nations of Eurasia, outside the domination of NATO countries of the USA and E.U. – is proceeding at an interesting pace in unexpected areas.
1971: America’s Twilight Begins
It’s very essential in my view to appreciate where the post-1944 development of America’s role in the world went seriously wrong. The grandiose project dubbed by Henry Luce in 1941 as the American Century, if I were to pick a date, began its twilight on August 15, 1971.
That was the point in time a 44-year-old Under-Secretary of the Treasury for International Monetary Affairs named Paul Volcker convinced a clueless President Richard Milhous Nixon that the treaty obligations of the 1944 Bretton Woods Treaty on a postwar Gold Exchange Standard should be simply ignored. Volcker rejected the express mandate of the Bretton Woods Treaty which would have seen a devaluation of the dollar in order to rebalance world major currencies. By 1971 the economies of war-ravaged countries such as Japan, Germany and France had rebuilt at a significantly higher level of efficiency than the U.S.
A devaluation of the dollar would have given a major boost to U.S. industrial exports and eased the export of dollar inflation in the world arising from Lyndon Johnson’s huge Vietnam War budget deficits. The de-industrialization of the USA could have thereby been avoided. Wall Street would hear none of that. Their mantra in effect was, ‘Nothin’ personal, just bizness…’ The banks began the destruction of the American industrial base in favor of cheap labor and ultra-high-profit manufacture abroad.
Instead of correcting that at a point it could have had an enormously positive economic effect, Volcker advised Nixon to in effect spit on America’s international treaty obligations and to brazenly dare the world to do something about it. On Volcker’s advice, Nixon simply ripped the treaty in shreds and ended Federal Reserve redemption of dollars held by foreign central banks for U.S. gold reserves. The U.S. dollar overnight was no longer ‘as good as gold.’

This post was published at New Eastern Outlook

Trump Slams “Very Bad” Germans For Selling Millions Of Cars In US: “We Will Stop This”

A day after Trump stunned his fellow NATO leaders, shoving one of them out of the way for a photo-op and demanding that they “must do more” to offset defense costs which are mostly borne by the US, Trump lobbed another bomb at the European center-right consensus by renewing his attacks on the German auto industry during a closed door meeting with two high-ranking European Union officials, according to a report in German magazine Der Spiegel, that was picked up by Bloomberg and CNBC.
Citing unidentified attendees, Spiegel quoted Trump as saying that ‘the Germans are bad, very bad’ and adding ‘look at the millions of cars that they sell in the U. S. Terrible. We’re going to stop that.’ The comments were said to have been made during a closed-door meeting with the EU President Jean-Claude Juncker and the European Council President Donald Tusk, who reportedly both stood up for Germany, according to CNBC.

This post was published at Zero Hedge on May 26, 2017.

Asian Metals Market Update: May-17-2017

There is no news. The next three days will be very crucial for gold, silver, crude oil and the Japanese Yen. If they are able to rise then I expect $1296, $18.76 and $52.20 in gold, silver and crude oil in the short term. Caution optimism along with a lookout for trend reversal is the need of the hour for day traders, jobbers and short term investors.
The only way to get over unending controversies for Trump is to divert home media attention to a war. North Korea could be the pawn for Trump. If Trump controversies do not end in the next two months then I expect North Korea to be eaten by NATO forces. Wars in Asia are always bullish for gold and silver.

This post was published at GoldSeek on 17 May 2017.