Sabre Gold Mines Corp (SGLDF)

[goldenpolarbear]

« ...In a recent report, Joe Foster, portfolio manager and strategist for the VanEck Gold and Precious Metals Strategy, warned that tighter monetary policy is reducing liquidity in financial markets, which in turn is putting pressure on weak emerging markets.

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