All the headlines are pointing to sharp rise in gold price and continuing uptrend for gold.
The market felt comfortable with the latest dovish speech from Big Momma "Janet" after confusing statements from various members of the Fed.
Kressin, whose company manages almost $1.5 trillion, told investors who attended Bloomberg’s FX16 conference in London that the US dollar strong trend over the last two years has come to an end.
Janet and big fund managers have recognised that strong US dollar is bad for US and global economy and investors are betting that the Fed will keep loose monetary policy for years to come.
http://www.bloomberg.com/news/artic...r-trend-almost-at-an-end-pimco-s-kressin-says
Tension is rising in Asia and south East China Sea:
North Korea Tests Rocket Engine as U.S. Talks Up Missile Shield
http://www.bloomberg.com/news/artic...-engine-as-u-s-talks-up-missile-shieldhttp://
www.scmp.com/news/china/diplomacy-defence/article/1934787/asian-nations-huddling-closer-us-due-chinas-ambitions
Asian nations huddling closer to US due to China’s ambitions in South China Sea - Pentagon
US Defense chief visiting India and Philippines, but not China.
The strong US dollar that was once responsible for the massacre of commodity prices is weakening and on its knee to salvage the US economy and that will give a boost to gold price and mark the bottom of the low commodity cycle.
Looks like Riskward will celebrate his birthday on our yacht at the Bahamas.
BTW, Bahamas is a nice place to visit.
Cheers,
Sydney
