We look at the world this Monday morning with Chris Temple
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Italian elections have little effect of U.S. markets.
Cool is the way!
Some may think Steve Saville’s opinion is a distinction without a difference but I think he’s an exceptional analyst. He say’s, ”
It should be kept in mind that money is supposed to be neutral — a medium of exchange and a yardstick, not a tool for economic manipulation. It is inherently no more problematic for totally disparate countries to use a common currency than it is for totally disparate countries to use common measures of length or weight. On the contrary, a common currency makes international trading and investing more efficient. In particular, eliminating foreign-exchange commissions, hedging costs and the losses that are incurred due to unpredictable exchange-rate fluctuations would free-up resources that could be put to more productive uses.”
In conclusion, the problem is the central planning of money and interest rates, not the fact that different countries use the same money. It’s a problem that exists everywhere; it’s just that it is more obvious in the euro-zone.
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— Published: Monday, 5 December 2016 | E-Mail | Print | Source: GoldSeek.com
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E-mail: Steve Saville
Previous Articles by Steve Saville
Here’s some comments from Steve Saville that are a bit different than most when it comes to a discussion of the Euro and the EU. http://news.goldseek.com/SpeculativeInvestor/1480946520.php
The oil producers are now likely in a mad rush to boost production before the implementation of cuts in a few weeks and the cuts should bring production back to recent levels. It is like a 400 pound man going on an eating spree to 500 pound before beginning his due date to begin a new diet and then he can look like star when he loses 50 pounds. The major breakout in oil might be a fake breakout. There is no strength in the breakout. You can be certain that producers will bicker an cheat sooner or later.
Paul L. Interesting analogy and commentary on Oil production and the fat man pre-diet.
Well put.
Leveraging Social Impact for a New High-Grade Gold Company in Ecuador
By Peter @Newton Bell – 5 December 2016
https://www.ceo.ca/@newton/leveraging-social-impact-for-a-new-high-grade-gold-company-in-ecuador
Temple, I’d be interested in your response to the Jim Sinclair commentary @ USAWatchdog.com
Specifically what/where?
Well, that would require that you listen to the presentation http://www.usawatchdog.com
Thanks – will listen when I have a chance
Only one word MANIPULATION ! Gold is the NR 1 NO NO ! A uppercut terorist attack is coming ! Cool Cool is the way ! The European population HATES the Euro !!!