Independent thinking for complex markets and current events
by BoatSurfer600 via YAHOO: (Bloomberg) — Sweden’s beleaguered property sector suffered another blow when one of the largest office landlords in the capital was downgraded to junk status by Moody’s Investors Service. Stockholm-based FastPartner AB saw its rating cut one step to Ba1 with the possibility for further downgrades to come if the company cannot …
https://twitter.com/NorthmanTrader/status/1666781333668913152?cxt=HHwWgICz-deyzKEuAAAA Janet Yellen, with one of the worst records ever of making predictions … now says this. pic.twitter.com/uv82aT3fgz — Wall Street Mav (@WallStreetMav) June 8, 2023 h/t Simian_Stacker
China increased its gold reserves for a seventh straight month, signaling ongoing strong demand for the precious metal from the world’s central banks China increased its gold reserves for a seventh straight month, signaling ongoing strong demand for the precious metal from the world’s central banks. China raised its gold holdings by about 16 tons …
Source: https://wolfstreet.com/2023/06/06/reserve-bank-of-australia-first-central-bank-to-pause-then-un-pause-hikes-again-warns-of-more-hikes-qt-continues/
by BoatSurfer600 https://kingworldnews.com/tick-tock-gold-price-will-be-unleashed-to-a-new-all-time-high/ The gold price already seems to anticipate that the restrictive US monetary policy will turn out to be a bluff. Even if the gold price in US dollars has not yet marked a new all-time high, the all-time highs in various other currencies are a harbinger of the breakout in US dollars …
via SCHIFFGOLD: A large sale by Turkey in April caused global central bank reserves to fall for the first time in over a year, even as central bank gold buying continued. Official global reserves dropped by 71 tons in April, according to the latest data collected by the World Gold Council. While the overall drop …