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Argentina Considers Dollarization
BySirhcCommentary: You know when your country has implemented terrible monetary policy when your fellow citizens consider the U.S. Dollar a safe haven… Could this be a pre-cursor to the United States currency? The publication Central Banking reported on April 27 that Argentina was importing its bank notes from several countries. On May 22 The Guardian newspaper reported Argentina’s newest…
The pros are getting ready for a market crash — retail investors, not so much, top economist warns
BySirhc‘A large market correction, should one materialise, would encourage more professional selling that could overwhelm the buy-the-dip retail investor.’ That’s Mohamed El-Erian, Allianz’s chief economic adviser, explaining in an op-ed for the Financial Times how action in the options pits should be taken as a warning by retail investors who have been cashing in on the stock…
India raises silver import duty to align with gold
BySirhcSource: Yahoo Finance Wed, 1 February 2023 at 2:22 am GMT-6·1-min read MUMBAI (Reuters) – India raised total taxes on silver imports 15% and on silver dore to 14.35%, the government said in a statement on Wednesday, in an effort to align the duty structure of the metal with gold. The south Asian country is…
Gold inches up on weaker dollar as investors focus on US inflation
BySirhcLower interest rate expectations from the Fed could cause the bullion to trend higher, analyst says 08 MAY 2023 – 07:46ASHITHA SHIVAPRASAD Bengaluru — Gold prices edged up on Monday as the dollar eased, while investors awaited a key US inflation data due this week that could influence the Federal Reserve’s monetary policy stance. Spot gold…
Inflation/Deflation: The Economy Is An Elephant
BySirhcThis is the key dynamic of the economy going forward: defaults on debt, declining wealth as assets are relentlessly repriced lower and sharp declines in income due to layoffs and debt defaults. The economy is like an elephant surrounded by blindfolded economists and pundits: what each blindfolded person reports about the elephant depends on what part…
Silver Price Analysis: XAG/USD renews eight-month high above $24.00
BySirhcSource: FXSTREET By Anil Panchal Silver price picks up bids to refresh multi-day high. Overbought RSI can challenge XAG/USD bulls, $24.75 in focus. Convergence of 21-DMA, bullish channel’s lower line highlights $22.70 as the key support. Silver price (XAG/USD) portrays an uptick to refresh the eight-month high at $24.30 during Wednesday’s Asian session. The bright metal…