QUESTION: I notice you often cite the *Plaza Accord* when on the topic of central bank currency manipulation. That accord was signed in 1985 with an aim to devalue the USD. Could you write a little on the *Louvre Accord” signed just two years later, in 1987, with an aim to reverse the unwanted effects […]

It is probably no surprise that markets are quiet ahead of the Federal Reserve announcement which is probably about to dictate the next chapter in the storey. Both the Shanghai and Hang Seng closed marginally firmer (+0.3%) on the day but added to the Asian mix is the Bank of Japan’s monetary policy meeting also […]

QUESTION: Re: Am i certain about the Strong Dollar? Hi Marty, great blog posts and response. I think after reading this blog posts, the question on everyone’s mind is, what is causing the outflow of capital from the USD? And where is capital concentrating in right now? Is it the Euro? The Bunds? Gold? And […]

QUESTION: Hello Marty. I so appreciate your blog and Socrates, which is helping me steer through these crazy markets. I’m a Canadian taking care of all my family’s investment accounts, and knowing what’s coming down the road, I’m very concerned I’m going to take a misstep, especially with my children’s accounts. I haven’t been doing […]

Gold has now declined with the constant threats from North Korea. The lastest missile was fired over Japan and reached an altitude of about 770km (478 miles), travelling 3,700km past the northernmost island of Hokkaido before landing in the sea, according to South Korea’s military. The UN Security Council convened an emergency meeting, and unanimously condemned the […]

Bloomberg News is reporting that there is an ongoing criminal investigation into a client of the Russian lawyer, Natalia Veselnitskaya, who met at Trump Tower with Donald Trump Jr., Jared Kushner, the president’s son-in-law and adviser, and Paul Manafort. The attorney  Veselnitskaya had a client with  and undisclosed a U.S. criminal investigation into possible Russian Money […]

North Korea spooked markets yet again by launching a missile that reported flew over Japan, which came a day after North Korea claimed it would sink Japan. The events were short-livid however and after a brief flight to safety in gold, treasuries and the Yen markets quickly corrected back. The JPY traded into the low […]

We really needed some data to support recent Asian moves and sadly that was not fourth coming today. China’s numbers missed on Investment, Industrial Production and Retail Sales so should be no surprised we reversed recent gains. Investment was expecting a number north of 8 (actually looking for 8.2) but was released at 7.8 for […]

Having seen the US markets close on a high note Asia saw a little nerves appear at the opening but at least we are back to focusing on markets rather than having to price-in geopolitical risks. It was the Nikkei again that returned the best of the core (+0.5%) and this time with the currency […]

QUESTION: Dear Marty, I sure would appreciate any thoughts you have on rumors making the rounds that the International Monetary Fund has tipped its hand, in part via its June 2017 “Fintech and Financial Services: Initial Considerations” IMF Discussion Note, and intends to replace the US Dollar as the global reserve currency as early as […]