Substantially More Jobs, Lower Unemployment and Higher Gold Prices: Odd?

May 15 2019

Last month, the number of newly created jobs in the U.S. came in far above the expected 263,000. Analysts were expecting an increase of approximately 180,000 jobs. Simply put, whenever the number of newly created jobs is higher than what the market expected, a type of Pavlovian reaction occurs in which markets expect the odds of tighter – that is, less loose – monetary policy to increase as well. Especially when investors, shortly before that, were told that economic growth also came in... »

Edin Mujagić

The ECB Is Listening to Your Concerns, But Not Really

May 8 2019

Today is Wednesday evening March 27, as I take the S8 metro in Frankfurt toward the airport. On my way, we are informed that for some unforeseen circumstance the metro is being redirected and will not stop at the airport.

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Edin Mujagić

ECB and Fed in Unison: Loose(r) Policy Here to Stay

April 24 2019

“In a dark room, you move with tiny steps. You don’t run, but you do move,” as Mario Draghi, President of the European Central Bank (ECB), describes the precarious monetary conditions in the Eurozone. A mistake, in my view, because if you’re unable to see, you inevitably get lost. Thus, if... »

Edin Mujagić

Silver production is stagnating causing higher shortages

April 18 2019

The production of the largest primary silver mine in the world fell by no less than 15% in the first quarter of 2019 compared to a year ago. At the same time, the price of the white metal isdown, with a price of around 15 dollars an ounce at the time of writing.

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