No, it is not Jim Rickards or Peter Schiff speaking. This is the new voice of Greece. Announced QE by the ECB only confirms what Varoufakis was talking about two years ago. The drift towards China and Russia can be the inevitable one for Greece now. It will have the very far reaching implications.
Jim Rickards: Gold And FED - When A Panic Starts No Amount Of Reserves Is Enough.
Confused FED, 18 Trillion dollars in debt and All-Time-High markets - it is going to be interesting. FED has already scaled back the rate hike expectations and US Dollar was sliding down from 100.00 level this week.
Gold: Is US Dollar Parabolic Move Over?
"This is what is called the parabolic move in US Dollar. It has "coincided" with the collapse in Oil and other commodities. You can appreciate the magnitude of this move and the total devastation is has caused in the commodity markets. Is it over now? Everybody is still bullish on dollar, but FED has already scaled back expectations on the rate hike. Immediately we had the dollar flash crash, which is better seen on the daily chart below. Strong dollar is not very good for the recovering US economy, actually FED is in the corner of 18 Trillion debt, All-Time-High markets and the brave idea to hike the rates. Half of the traders maybe have never even seen rising rates in their lives before. What will happen with the market on fire once the oxygen will be going out? I would say that this "removal of patient does not mean that we are impatient" will lead to the very gradual couple of hikes the most. Once the market realise it, this parabolic move will end in the crash. The higher it goes the harder it will go down. When will it happen? I guess that nobody knows, but at least we have the hesitation now, which could be enough for the margin calls on this the most crowded trade after another 5% move down. Read more."
TNR Gold: Shotgun Gold Project Development in Alaska.
"Nova Gold has published its new presentation for PDAC 2015. Now you can find more information about Alaska as mining jurisdiction and Donlin Gold type of Gold deposit. TNR Gold owns 100% of Shotgun Gold project in Alaska, which has very similar geology to Donlin Gold, according to Greg Johnson - one of the founders of Nova Gold. Read more."
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