Does the Fed Need to Raise Interest Rates to Combat De-Dollarization Initiatives?

inventory to sales chart

Does the Fed Need to Raise Interest Rates to Combat De-Dollarization Initiatives? The Fed and De-Dollarization. A drop in foreigners holding U.S Treasuries may indicate declining demand. The Fed’s top allegiances are to its shareholder banks and the U.S. Government. If higher rates are needed to help the U.S. Government raise revenue, they will raise Read More →

Russia Boosts Gold Reserves In March by One Million Ounces

Chinese US Treasury Bond holdings chart

Russian Gold Reserves. Russian Gold Purchases in March 2015. After a two month hiatus from gold buying, Russia adds one million ounces of gold to its reserves in March Russia continues to shed U.S. Treasury Bonds as de-dollarization continues. Russia Boosts Gold Reserves, Sells U.S. Treasuries The Central Bank of the Russian Federation published its Read More →

Shanghai Gold Exchange Withdrawals Week Ended April 10, 2015

chart showing growth of the Shanghai Gold exchange

The Shanghai Gold Exchange. Gold Withdrawals on the Shanghai Gold Exchange. The Shanghai Gold Exchange delivered 34.527 tons of gold during the week ended April 10, 2015. Gold withdrawals on the Shanghai Gold Exchange fall for the second week in a row. Total gold withdrawls year to date are about 680 tons. A burgeoning domestic Read More →

COMEX Short and Long Gold and Silver Positions – End March 2015

Comex short positions and days of global production required to cover chart

Comex Short and Long Gold and Silver Positions At End March 2015 Silver short positions increase 33% from November 2014. Gold short positions remain constant since late last year. Silver Short Positions on Comex Continue to Rise The last time we visited COMEX short and long gold and silver positions we noted that while short Read More →

Shanghai Gold Exchange Withdrawals Week Ended April 3, 2105

shanghai gold exchange withdrawals chart april 2015

The Shanghai Gold Exchange. Gold Withdrawals on the Shanghai Gold Exchange. The Shanghai Gold Exchange delivered 40.003 tons of gold during the week ended April 3,2015. Withdrawals of gold on the Shanghai Gold Exchange are about 650 tons to date in 2015. Chinese Gold Mining Production Gold Supply and Demand Annual gold mining supply is Read More →

Perth Mint March 2015 Sales

perth mint gold bullion chart march 2014-march 2015

Silver and Gold Sales at the Perth Mint in March 2015. Silver sales were up 62.9% at the Perth Mint in March year over year. Gold sales were up 13.5% at the Perth Mint in March year over year. Silver Sales at the Perth Mint in March 2015 Sales of silver at the Perth Mint Read More →

De-Dollarization Accelerates With Treasury Bond Sales and Creation of the AIIB

Chinese U.S. Treasury holdings chart

De-Dollarization and the Asian Infrastructure Investment Bank. As de-dollarization continues, paradoxically the dollar is rising. Fed talk still trumps international actions. De-dollarization accelerates while the U.S. Dollar Index (DXY) also rises. The DXY has risen nearly 20% the past year despite an acceleration of de-dollarization initiatives including increasing sales of U.S. Treasury Bonds by Russia Read More →

German Gold Repatriation Continues and The Fed’s Vault Empties

German flag

German Gold Repatriation. German gold repatriation begun in 2013, continues. Germany is the owner of the second largest central bank gold hoard, much of it held at the New York Federal Reserve. The majority of Germany’s gold is held abroad. The Bundesbank plan is to repatriate gold in sufficient amounts to have at least half Read More →

Shanghai Gold Exchange Withdrawals Week Ended March 27, 2105

Shanghai gold exchange withdrawals compared to global gold mining production

The Shanghai Gold Exchange. Gold Withdrawals on the Shanghai Gold Exchange. The Shanghai Gold Exchange delivered 45.719 tons of gold during the week ended March 27, 2015. Withdrawals of gold on the Shanghai Gold Exchange are about 610 tons to date in 2015; up 9% from 2014 year to date. Chinese Gold Mining Production Gold Read More →

Cash is Not A Convenient Store of Value – Janet Yellen

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Cash Is Not a Convenient Store Of Value. As bad economic news continues to roll in, the Fed publically remains undaunted and insists rate hikes are on the horizon. Distortions created by quantitative easing are apparent and worsening. The few bits of good economic news are met with media exclamations of “robust!” and “solid” Poor Read More →

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