FX_IDC:XAGUSD   Silver / U.S. Dollar
728 17 14
Jim Rickards, author of Currency Wars , has been warning the public for several years about the upcoming economic wars between US - Europe and China. China - Europe are moving in the direction of currency manipulation to overthrow US powerful grip over the worlds commodities , mostly energy, with US Dollars.

Gold             has so far outperformed many assets, even silver             , another metal that is considered a safe haven play. Silver             has more room to go up once the public/media is exposed to the ongoing waged economic war between the major 3 powers.

PetroDollar - PetroPound Duopolist
US and GB             team up

Overall plan to defeat the currency manipulators, is for US Federal Reserve and Bank of England to raise interest rates quickly to spurn any exported inflation caused by drastic currency moves.

GOLD on the move
Hi JR, welcome back
PBOC has exhausted their QE plans, hence they resorted to devalue to pump dollar up
so far, QE in europe doesnt seems to be successful, need another one i suppose
but i don really think Yeller would want to raise hike in Sept
+1 Reply
China just devalued currency. Takes 12-18 to see inflation. Inflation lag is common
+1 Reply
dionvuletich QuantitativeExhaustion
QE in general is ineffective... it does not improve employment or the real economy... it only pushes up asset prices that's all...

And when you push them too far beyond what is sustainable by the real economy (I'm looking at you China and US....) and create unsustainable bubbles and not allow the market pricing mechanism to work naturally by averting any pullback > 5-10% Then don't complain when it all unravels and crashes

China up 160% last year, has a 30% pullback which we all know is normal and healthy - Chinese central planners ban selling for foreigners/ add QE and try to talk it back up to 160% gains... it's pure lunacy

The current volatility is simply reflecting unsustainable pricing and flawed assumptions which are unraveling...
+2 Reply
I agree. Also, consider entitlement programs that are underfunded. Even China is making absurd entitlements for it's 1.3 billion population. You're right though it will all unravel once bond prices crash and yields skyrocket.
+1 Reply
jangseohee dionvuletich
in the first place, THEY (the central banks) knew long ago that QE doesnt work in actual truth.
they are just supplying free money to the bank to help them function
the only asset not inflated is commodities though the daily price of staples foods and daily usage keep increasing ^_^
THEy want to create a penultimate top, just you watch
+1 Reply
IvanLabrie jangseohee
Great convo gents.
Was studying Silver, might have a nice long pending to catch up with gold.
Maybe a pair trade.
+1 Reply
I would like to get in Silver early this week. Not so sure to make a simple trade more complicated with pair trade. I expect once metals to be full stride. US Fed will kill all exported inflation to US. So look for TLT / US Bonds to be the next play.
ChimbOt QuantitativeExhaustion
silver/ gold ratio too high ... silver isnt moving well.. was furious last week
+1 Reply
jangseohee ChimbOt
@chimbot, silver/gold ratio too high?
you sure?
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out