Currency which has been plunging over the past few years and part of the problem is that while Foreign Investors are piling in and driving up then they are higher than had fallen domestic savers Business People and stuff like that theyre piling into gold because theyre very familiar with gold they have a 3000 strong history year history with gold so that is kind of destabilized saying their local currency right well this is the game the Central Banks play with fear money and the gold market so the demand for gold is always there to some degree and the gold bullion banks on the Central Banks they play around with Interest Rates and they owe is get that 3 or 4 percent move up in gold which they then scalp on an almost daily basis they come in and they dump huge short shells or should say short sells into the gold market and they say. The market continuously thats why gold prices been very sluggish its moved up over the years but its very sluggish compare the amount of creation and debt c
Gold silver all that stuff here we see some headlines about this you know of course over the past week we saw a big plane hit a new all time high its back up to it didnt die like all the media had said and in fact we had Paul Tudor Jones and we had stan truck in miller then we had micro strategy then we had in our. Black rock lows a big people get into the space and then guggenheim also said now that theyre starting to buy bit coin so turkey has no cure for a gold craze that leaves the lira vulnerable turkey is trying to stabilize their currency which has been plunging over the past few years and part of the problem is that while Foreign Investors are piling in and driving up the layer higher than they had fallen domestic savers Business People and stuff like that theyre piling into gold because theyre very familiar with gold they have a 3000 strong history year history with gold so that is kind of destabilize saying their local currency right well this is the game the Central Banks pl
President tells bloomberg positive news on the vaccine isnt a major game changer for its forecaster. She says the focus remains on stopping the economic slump from worsening. Judy sheldons nomination to the fed board is blocked. Set tome as the sec is move ahead for plans that could delist chinese companies. A warm welcome to the show. Welcome back. I hope you had a good rest become because you come back to many warning signs. From the equity markets, sell the top. Markets, the dean of debt a little to get suspect on distressed debt markets. Marie. Orning, ann annmarie good morning. When this level of optimism is high, there is usually more room for disappointment and that seems to be what we are seeing. I said facing reality. You had a good term of categorizing that reality and for me, Christine Lagarde saying the vaccine is not a game changer because it is not going to change in terms of the economic fallout we are seeing. If we take a look at where we trade this morning in the monda
Policy speech. The city faces rising infection rates and a clamp from beijing. Joe biden names his Foreign Policy and Security Team as he with to calm Relations International friends and foes. He says america is back ready to lead. Haidi lets look at the set up at the start of trading. We are seeing some green shoots at the open, about. 4 higher. Global stocks as well as asian stocks continuing to be on a tear. We are watching keenly for developments in kiwi assets, given we had the rbc releasing its semiannual stability report. This is pushing the kiwi dollar higher. U. S. Ashed through . 70 yesterday and we are seeing expectations of negative rates dissipate even further. Unlovedtors rotate into areas, it may not mean the end of things that have been successful so far. John praveen is Portfolio Manager for qma. He joins us on the phone from new york. We are talking about what happens to big tech given the rotation trade gaining a more solid footing. Is it the behavioral changes, chan
Defeat and is preparing for a series of legal fights to contest the outcome of tuesdays vote former president george w. Bush has become the 1st high profile republican leader to openly congratulate biden for his victory as a White House Correspondent Kelly Holcomb at the legal challenges will continue in fact the u. S. President wants to remind it was tweeting today that joe biden while claiming victory is the projected winner by a number of Media Outlets on twitter he said when does the lame stream media as he calls it call who our next president will be so until that vote is official and certified in mid december the True Campaign believes it has a window of opportunity so it is continuing to receive funds soliciting funds in order to finance these legal challenges that are taking place across many states. Anmol well leaders all congratulating biden come horace on the when is ready Prime Minister Benjamin Netanyahu on the rulers of saudi arabia among them Iraqi Security forces a such