COVID-19
appears to have impacted the deep fiscally-conservative regions of the
brains of politicians more than many suspected possible as left, right,
and center seem to be coalescing around the fact that moar spending is
better, moar helicopter money is even better-er, and moar zeros in the
national debt is better-est!
" Glad to see both parties supporting gold $10k..."
「喜ばしいことに両党ともにゴールドが＄１０Kとなることを支持している・・・・」
And sure enough, gold is soaring after hours following this headline...
そしてたしかに、ゴールドはこの見出し記事の後数時間で急騰した・・・・
Back to Dec 2012 highs...
２０１２年高値に戻った・・・・
And once again futures are decoupling from spot as that physical (geographical) shortage rears its ugly head once again...
そしてまたもや先物はスポットから乖離し始めている、現物不足がまたもや鎌首をもたげている・・・
One thing is for sure, not only is gold signaling systemic risk is soaring, sovereign credit markets are starting to leak information... 一つだけ確かなことは、システマティックリスク急騰のシグナルをゴールドが発するだけでなく、国債与信市場も何らかの情報を漏らし始めている・・・・
Referring to his institutional market research at Global Macro Investor, we give the last word to Raoul Pal and his most recent thoughts (excerpted) on "A Dollar Standard Crisis" are
.... Don't forget - the $13tn short dollar positions (foreign
dollar debt held mainly by foreign corporation and investment vehicles)
is the largest position ever taken in the history of global financial
markets.
It can only mean a massive, uncontrolled dollar rally.
それは巨額の制御不能のドルラリーを意味している。
QE will not fix this. Swap lines will not fix this. A debt jubilee
would fix this or multiple trillions of dollars in write-downs and
defaults. It is the dollar strength that brings to world to its nadir
(just like the 1930s). It is the dollar system that is the really big
problem.
The dollar has eaten all of its competitors and now it is going to eat itself.
This eventually breaks the dollar after a super-spike as global central banks are forced to find alternatives. 世界の中央銀行は超苦境に立たされた後やがてドルが瓦解し代替手段を見つけざるを得なくなる。 Remember, nothing lasts forever...
覚えておくが良い、世の中に永遠に続くものなどなにもないのだ・・・・
The world's elite have long wanted to replace the US dollar with a single global super-currency, as The World Bank's former chief economist said in 2014, it will create a more stable global financial system. 長年世界のエリートたちは米ドルを一つの世界超通貨で置き換えることを望んできた、元世界銀行総裁が２０１４年にこういった、こうすることでより安定な世界禁輸システムを構築できるだろう。
"The dominance of the greenback is the root cause of global financial and economic crises," Justin Yifu Lin told Bruegel, a Brussels-based policy-research think tank.
Amazonで買物をしてContrarianJを応援しよう この長文記事をRay Dalioが発表し、ゴールドは＄１４００から＄１４２０へと急騰しました。GLD保持高に変化はないのでたぶん先物ポジションが進んでいます。 Ray Dalio Warns A "New Paradigm" Is Coming: "Buy Gold, Sell Stocks" by Tyler Durden Wed, 07/17/2019 - 14:44 Authored by Ray Dalio via LinkedIn, One of my investment principles is: 私の投資原則はこういうものだ： Identify the paradigm you’re in, examine if and how it is unsustainable, and visualize how the paradigm shift will transpire when that which is unsustainable stops. 現在のパラダイムを認識し、それがどの程度持続可能かどうか判断する、そしてパラダイムシフトがどのように起きるか、そしてその着地点を思い描く。 Over my roughly 50 years of being a global macro investor, I have observed there to be relatively long of periods (about 10 years) in which the markets and market relationships operate in a certain way (which I call “paradig...
Amazonで買物をしてContrarianJを応援しよう Silver Outperforming Gold 2 Adam Hamilton July 26, 2019 3232 Words Silver has blasted higher in the last couple weeks, far outperforming gold. This is certainly noteworthy, as silver has stunk up the precious-metals joint for years. This deeply-out-of-favor metal may be embarking on a sea-change sentiment shift, finally returning to amplifying gold’s upside. Silver is not only radically undervalued relative to gold, but investors are aggressively buying. Silver’s upside potential is massive. ここ２週シルバーは急騰した、ゴールドを遥かに凌ぐものだ。これは注目すべきことだ、もう何年もシルバーはひどいものだった。この極端に嫌われた金属が大きく心理を買えている、とうとうゴールド上昇を増幅するに至った。シルバーは対ゴールドで極端に過小評価されているだけでなく、投資家は積極的に買い進んでいる。シルバーの潜在上昇力は巨大なものだ。 Silver’s performance in recent years has been brutally bad, repelling all but the most fanatical contrarians. Historically silver prices have been mostly ...
How Are Gold And Money Supply Related? by Tyler Durden Sun, 06/14/2020 - 13:00 Authored by Mike Shedlock via MishTalk, M2 Money Supply is surging. Will gold follow? M2マネーサプライが急増している。ゴールドはこれを追従するだろうか？ Let's investigate an alleged relationship between gold and M2, a measure of money supply in the US. よく言われるM2（米国のマネーサプライ指標）とゴールドの関係について調べてみよう。 "There’s a clear correlation between the annual growth rate in M2 money supply and the price of the yellow metal. " 「M2の年率増加速度とゴールド価格の間には明らかな相関がある。」 Clear Correlation? 明らかな相関？ The Tweet claims something different than my lead chart depicts. So let's investigate the above idea in other time frames. このツイートの主張は私が示す最初のチャートが示すものとは異なる。というわけでこのtweetの主張を別の時間フレームで見てみよう。 Gold vs Rate of Change in M2 Money Supply ゴールド vs M2マネーサプライの変化率 If we look at longer time frames, the rate of increase in M2 theory falls flat on its face....
