Wed, 6 September 2017
Stanley Fischer is gone. Does this mark the triumph of the Good Guys? Let's see. Treasury Secretary visited the gold supposedly being stored at Fort Knox in Kentucky. Bix believes there's way more gold out there than anyone can imagine. The Marcos's gold haul will come to the market soon. And who knows what else is out there. Will we actually return to a gold standard? Listen to Bix and see. |
Wed, 6 September 2017
August was quite a month! Major stock markets in the US continued their ascent. Same with emerging markets. TSX was down, TSX-V was up. The real action was in Bitcoin; it was up 66%. Metals were all up over the month, Gold was up 4%. Pt and Pd each up 6%. Copper up nearly 7%. Energy took a hit, WTI down 8.4%, Brent down 3.5%. Natgas was up after 3 down months. Uranium was flat. Currencies saw the Greenback decline slightly and the Euro up slightly. Rate on the 10 year T Bond plunged to 2.12. And again Bitcoin was up 66%. in the world of ratios Gold/Silver is still over 75.3. See you next month! |
