Tag Archives: Global Monetary Base

Why Gold Is Such A Dog

Posted on July 20, 2018 by macromon

Summary Gold prices have been in a bear market since the August 2011 peak at $1920 Prices are making new 52-week lows Gold has primarily been a monetary asset throughout history and moves closely with the global monetary base (GMB), … Continue reading →

Posted in Euro, Fed, Gold, Uncategorized | Tagged , , | 2 Comments

The Chart That Floats Overvaluation

Posted on April 26, 2017 by macromon

We hear a lot these days about how all assets are overvalued.  Very and don’t disagree. Lots of gurus and big money managers engaging in market crash talking.   Doubt it, but could be wrong.  Too much liquidity and cash in … Continue reading →

Posted in Monetary Policy, Uncategorized | Tagged , | 10 Comments

Monetarism Redefined: Crude, Fine Wine & Gold

Posted on January 20, 2011 by macromon

“Inflation is Always and Everywhere a Monetary Phenomenon” – Milton Freidman Monetarism as a theory, which states that the variation in the money supply has major influences on national output in the short run and the price level over longer … Continue reading →

Posted in Black Swan Watch, Bonds, BRICs, Budget Deficit, Charts, China, Commodities, Credit, Crude Oil, Currency, Economics, Monetary Policy | Tagged , , , | 3 Comments

Gold a Bubble? Think Again!

Posted on January 12, 2011 by macromon

Think gold is a bubble driven only by animal spirits and speculation?  We think not and have consistently maintained the fundamental driver of gold has been the massive accumulation of foreign exchange reserves by global central banks and their need … Continue reading →

Posted in BRICs, Commodities, Crude Oil, Gold | Tagged , | 13 Comments