Dear PGM Capital Blog readers, In this weekend’s blog edition we want to discuss some of the most important events that happened in the global capital markets, the world economy and the world of money in the week of September 20, 2015: Russian Central Bank bought one million ounces of Gold in August. Caterpillar announced restructuring plans.[…]
Dear PGM Capital Blog readers, Investors around the world have been closely watching the USA Central bank’s (The FED) decision on short-term rates, which have been near zero since the financial crisis in a bid to stoke growth and borrowing. That stance has helped propel a six-year-long bull market in stocks and bonds. After keeping the markets[…]
Dear PGM Capital Blog readers, In this weekend’s blog edition we want to discuss some of the most important events that happened in the global capital markets, the world economy and the world of money in the week of September 7, 2015: Brazil downgraded to Junk rating by Standard & Poor’s. Huge outflow of gold held for[…]
Dear PGM Capital Blog readers, In this weekend blog edition, we want to elaborate on the current correction cycle, that has all the potential of becoming a bear market, which might lead to a global recession or even depression. DEFINITION OF A CORRECTION: A correction is a decline or downward movement of a stock, or a[…]
Dear PGM Capital Blog readers, In this weekend blog edition, we want to elaborate on the current commodities bear market that brought the Bloomberg Commodity Index (BCOM.IND) on Monday August 24th, to its lowest level since August 1999, as can be seen from below chart. On Monday August 24, the Bloomberg Commodity Index of 22[…]
Dear PGM Capital Blog readers, In this weekend blog edition, we want to elaborate on the biggest sell-off on Wall Street since November 2011. DOW-JONES INDEX: The USA blue chip Index, the DOW-Jones Industrial, declined from 17,545.18 points on the close of Monday August 17, to close at 16,459.75 points on Friday, August 21st, a decline of 1,085.43 points[…]
Dear PGM Capital Blog readers, In this weekend blog edition, we want to elaborate on the following financial news out of China, that has impacted the Global Financial Markets last week: China has devalued its Yuan with approx. 3 percent against the US-Dollar. China has slashed approx. 180 billion US-Dollars in US-Treasuries securities. CHINA HAS DEVALUED ITS[…]
Dear PGM Capital Blog readers, In this weekend’s blog edition we want to discuss some of the most important events that happened in the global capital markets, the world economy and the world of money in the week of August 3, 2015: DOW-Jones Industrial 7-day losing streak. Americans not in labor force rise to record 93.8 million.[…]
Dear PGM Capital Blog readers, In this weekend’s blog edition we want to discuss with you the debt situation of our neighbour island Puerto Rico. Puerto Rico, an American territory, risks a Greek-style bust. With US$72 billion of debt outstanding, which accordance with CIA world Factbook. is 93% of its GDP. It is more indebted than any of[…]
Dear PGM Capital Blog readers, On Friday, July 17, China ended years of speculation about its official gold holdings by revealing an almost 60 percent jump in its reserves since 2009. The People’s Bank of China (PBOC), the country’s central bank, announced on Friday, that its gold reserves have grown by 57% to about 1,658 metric tonnes (53.31[…]