At the ECB: Abnormal Monetary Policy is the New Normal

May 16 2018

Boring. Meaningless. Not even slightly entertaining. These are some observations that I have found on Twitter with regard to the most recent ECB board meeting. I saw, however, a press conference that, if I would have to rank all ECB press conferences on a scale of importance, would certainly make it into the top 3 or even to the first place! Especially if you are a precious metals investor. Let me explain why.

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Edin Mujagić

Trouble in Argentina Heralds Dollar Reversal

May 9 2018

While the dollar was struggling overall in 2017, non-dollar countries took full advantage of last year´s dollar weakness. According to the Bank of International Settlements (BIS), the total amount of credit to foreign (nonbank) borrowers increased dramatically as a result of the weaker dollar. By the way, feel free to interpret “nonbank borrowers” as emerging market economies. In the second half of 2017, a staggering 22% was issued in dollar-denominated debt. Issuing dollar-denominated

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Olav Dirkmaat

Gold Price Drops to Lowest Level in 4 Weeks While Dollar Strengthens

May 1 2018

The gold price broke earlier this year convincingly through the $1,300 per troy ounce barrier. In January, the gold price reached a level of $1,365/oz. The last time that gold prices reached this level was in March 2014. It has been four long years. Many thought that gold was on the onset of a

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Olav Dirkmaat

This Is What I Learned from Nassim Taleb

April 25 2018

Recently, author and former trader Nassim Taleb published his latest book Skin in the Game. He is widely praised for his previous bestsellers, The Black Swan and Antifragility. Nassim Taleb has a decades-long track record as a pit trader (as early as in the 1980s). Two months ago, I had the pleasure to spend an entire week with this controversial and no-nonsense thinker. What are some of the lessons that we can draw from Taleb’s work as gold investors and what did he have to say about gold? (The answer to the latter question is not something you will find in his books or elsewhere.)

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Olav Dirkmaat

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