Followers | 20 |
Posts | 7168 |
Boards Moderated | 0 |
Alias Born | 03/02/2013 |
Wednesday, September 19, 2018 8:29:15 PM
Although all the focus is on next week’s Federal Reserve meeting, Foster said that all major central banks are looking to tighten monetary policy. He noted that the Bank of England has stop easing, while the European Central bank is expected to end its bond-purchase program in December and could start raising rates next year.
Last month’s EM currency crisis, sparked by economic uncertainty in Turkey, is a symptom of a much larger issue, Foster said.
“As the liquidity that fueled the expansion is slowly drained away, those areas of the financial system that are most vulnerable will be the first to fail,” he said. “We believe Turkey was the first domino to fall, with its years of monetary mismanagement and over-borrowing made possible by low rates and ample liquidity.
“As central banks continue to tighten, we expect more Turkeys to come out of the woods. The U.S. may find it hard to remain an island of prosperity,” he added.
Foster added that in this environment, investors could turn to the yellow metal for its safe-haven qualities.
http://www.kitco.com/news/2018-09-19/Tighter-Global-Monetary-Policy-To-Support-Gold-Market-VanEck-s-Foster.html
« ...Asia markets are set for a cautious open on Thursday after Chinese entrepreneur Jack Ma said his company Alibaba no longer had plans to bring 1 million jobs to the United States.
The Nikkei futures contract in Chicago was at 23,630, while its counterpart in Osaka was at 23,560. The Nikkei 225 last closed at 23,672.52.
In Australia, the SPI futures contract was at 6,185, in comparison to the last close of the ASX 200 at 6,190.
https://www.cnbc.com/2018/09/20/asia-markets-us-china-trade-war-currencies-in-focus.html
Recent SGLDF News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/30/2024 08:05:55 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/30/2024 08:05:28 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM