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It wasn’t surprising at $1000/oz, but even at $1100/oz this week, the naysayers are still in full force. What’s to deny about the trend in gold prices? You don’t have to be a gold bug to see what’s happening.
Here are the six main factors causing the price of gold to continue to rise. In some [...]
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With the US dollar in a general bear market decline since about 2001, more and more speculation and trading is beginning to reflect lower expectations for the greenback as a result of the US Fed’s unprecedented levels of “quantitative easing” and fiscal stimulus.
This has Canadians enjoying the resulting higher values in the loonie and greater [...]
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The US dollar has served in the role of world reserve currency since 1944, but there is nothing intrinsic about the US dollar which requires that it – and not some other, new currency – continue to fulfill that function. If anything, the long-term secular decline in the greenback since 2001, coupled with much more [...]
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The Canadian dollar (CAD) is a commodity currency, for better or for worse. This means that global traders view its worth in terms of the commodities produced within the Canadian economy: gold, timber, silver, nickel, potash, wheat, natural gas and, of course, oil.
By far the most strong correlation with the value of the Canadian [...]
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Here’s a graph showing the amount of “excess” (beyond required amounts) reserves held by U.S. banks. It covers quite a span of time, but it’s the best-looking one I found showing the relevant data. The graph also gives just a bit of sense of the extent of the unprecedented nature of money-pumping going on at [...]
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China’s massive foreign exchange reserves are the largest in the world, comprising a total of $2,132 billion or $2.1 trillion dollars’ worth. Of this amount, $1.5 trillion are held in US Dollar-denominated assets such as cash, bonds and treasuries. When you do the math, about 71% of China’s total foreign reserves are in US Dollars. [...]
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