The impacts of the USD downtrend
The US dollar closed the month yesterday at levels not seen since December 2014. The current downtrend has been in place this whole year and is finally looking to breakdown below this two and a half year trading range. Chris Temple addresses the USD downtrend and also looks at the other markets being impacted.
Click here to visit Chris’s website for more market and company specific commentary.
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Hi Chris . What you think of Eldorado Gold ? Tanks ;
3 Reasons Why Eldorado Gold Isn’t Panning Out
By: Johanna Bennett – July 31, 2017
“This Credit Suisse analyst has turned bearish on Eldorado Gold, downgrading the mining company for a second time in roughly a month. Here’s why….”
http://www.barrons.com/articles/3-reasons-why-eldorado-gold-isnt-panning-out-1501507796
Soo a Buy ?
The US dollar:
Man, it’s hard to predict a reversal off that graph, buut yet it has to happen sometime.
It does? Why?
Pentagon investigators find ‘security risks’ in government’s immigrant recruitment program, ‘infiltration’ feared
EXCLUSIVE: Defense Department investigators have discovered “potential security risks” in a Pentagon program that has enrolled more than 10,000 foreign-born individuals into the U.S. armed forces since 2009, Fox News has learned exclusively, with sources on Capitol Hill and at the Pentagon expressing alarm over “foreign infiltration” and enrollees now unaccounted for.
Hi Chris and Cory.
I found this interesting oppininon on why the Phillips-curve has broken:
The inverse relationship between unemployment and inflation, identified by the Phillips curve, has changed. The global economic recovery is one of the longest on record. Unemployment has fallen in many countries but this has not led to wage inflation. Among the reasons is that older workers are staying in the labour market for longer but negotiate less aggressively on wages than the young. This lack of wage inflation may impede interest rate normalisation, which could have implications for policy manoeuvrability when the next recession hits.
Read the full commentary on the omfif-website.
I am very interested in hearing your point of view 🙂
http://hwcdn.libsyn.com/p/2/7/1/271b58383d9a82d6/woods_2017_07_31.mp3?c_id=16230283&expiration=1501611730&hwt=4a19fdfe39826b43499fc8a024b4f189
A Tom Woods Mises Instiotute lecture worth listening to.