Skulderna i världen har aldrig varit så höga som de är idag samtidigt som man trycker pengar för att hålla systemet igång. Guld och silver har varit en del av det monetära systemet under flera tusen år. De senaste dryga 40 åren har man dock valt att lämna dessa ädelmetaller utanför och det har medfört ökade skulder och ett ohållbart system.

Bloggen åter 13 mars

Publicerad 2017-02-22 16:48:09 i Ekonomi,

If we do get those fireworks, the following chart shows that silver would hurdle above a multi-month downtrend. Doing that means we could get $20 silver in a heartbeat.


Alan Greenspan om guld och silver

Publicerad 2017-02-22 10:19:44 i Ekonomi,

The gold standard was operating at its peak in the late 19th and early 20th centuries, a period of extraordinary global prosperity, characterised by firming productivity growth and very little inflation

I view gold as the primary global currency. It is the only currency, along with silver, that does not require a counterparty signature. Gold, however, has always been far more valuable per ounce than silver. No one refuses gold as payment to discharge an obligation. Credit instruments and fiat currency depend on the credit worthiness of a counterparty. Gold, along with silver, is one of the only currencies that has an intrinsic value. It has always been that way. No one questions its value, and it has always been a valuable commodity, first coined in Asia Minor in 600 BC.

Lyssna om Dow Jones som Ponzi Scheme

Publicerad 2017-02-21 16:21:10 i Ekonomi,


The Dow Jones Index behaves like a Ponzi Scheme because it follows many of its characteristics.  Here is a definition of a Ponzi Scheme from Investopedia:

Ponzi scheme is an investment fraud where clients are promised a large profit at little to no risk. Companies that engage in a Ponzi scheme focus all of their energy into attracting new clients to make investments. This new income is used to pay original investors their returns, marked as a profit from a legitimate transaction. Ponzi schemes rely on a constant flow of new investments to continue to provide returns to older investors. When this flow runs out, the scheme falls apart.

Ryssland köper guld i januari, 37 metric ton

Publicerad 2017-02-21 15:45:31 i Ekonomi,

Russia Gold Buying Returns – Adds Substantial One Million Ounces To Reserves In January

Russia gold buying returned in January with the Russian central bank buying a very large 1 million ounces or 37 metric tonnes of gold bullion.

The increase in the gold reserves came after Russia did not buy a single ounce in December – a move seen as potentially a signal or an olive branch to the U.S. and the incoming Trump administration.






Gold/silver ratio kommer att minska i kommande bull marknad vilket innebär att man skall ha övervikt av silver i portföljen

Publicerad 2017-02-21 09:48:29 i Ekonomi,

check out how much more silver gained than gold in the two biggest precious metals bull markets in the modern era:

Gain from 1970 low to 1980 high 
 Gain from 2008 low to 2011 high

You might say silver is gold on steroids!

We can expect this outperformance to repeat in the next bull market, too, because the silver industry remains tiny.


Lyssna på Nafeez Ahmed

Publicerad 2017-02-20 16:13:54 i Ekonomi,

 is an award winning 15 year investigative journalist, noted international security scholar, best-selling author and film-maker.  He authored The Guardian’s Earth Insight blog and has twice won the prestigious Project Censored Award for outstanding investigative journalism.

In his new book Failing States, Collapsing Systems, Nafeez points out, as we often do here at, that everything in our modern society is connected to energy, and that our pursuit of ever more, ever higher growth is finally colliding with planetary limits. Scarcity and strife will be the dominant trends from here, unless we, as a species, start looking for different ways of living better-suited for a finite world:

Lyssna på Dane Wigington

Publicerad 2017-02-20 10:16:18 i Ekonomi,

Geoengineering researcher Dane Wigington says the number one threat facing humanity is extreme weather modification to cool the planet.  It’s being done by geoengineering (commonly known as chemtrails) and it must be stopped now because it’s having the opposite effect.  Wigington says all climate engineering is really just “weather warfare” and explains, “How long can humans survive without habitat?  If we have an issue that is mathematically the greatest single assault launched by the human race against earth’s natural life support system, why wouldn’t we deal with that first and foremost above anything else?”

Lyssna om silvret

Publicerad 2017-02-20 09:52:37 i Ekonomi,

Roy Friedman, President of US Mint Authorized Purchaser Manfra, Tordella, & Brookes Joined the Show This Week For A Fascinating Discussion On the Inner Workings of the US Physical Silver Bullion Market.
Friedman Discusses The Coming Asset Reallocation, Physical Silver Bullion Shortages, & Trump: Could The Donald Be the Catalyst That Finally Separates the Paper and Physical Silver Markets?




Kirgisistan köper guld och förordar att varje medborgare bör äga minst 100 gram guld

Publicerad 2017-02-17 10:26:56 i Ekonomi,

A landlocked nation perched between China and Kazakhstan is embarking on an experiment with little parallel worldwide: shifting savings from cattle to gold.

One of the first post-Soviet republics to adopt a new currency and let it trade freely, Kyrgyzstan’s central bank wants every citizen to diversify into gold. Governor Tolkunbek Abdygulov says his “dream” is for every one of the 6 million citizens to own at least 100 grams (3.5 ounces) of the precious metal, the Central Asian country’s biggest export. 

Tolkunbek Abdygulov

Photographer: Baktybek Meimanbekov/National Bank of the Kyrgyz Republic

“Gold can be stored for a long time and, despite the price fluctuations on international markets, it doesn’t lose its value for the population as a means of savings,” he said in an interview. “I’ll try to turn the dream into reality faster.”

In the two years that the central bank has offered bars directly to the population, about 140 kilograms of bullion have been sold, Abdygulov, 40, said by phone from the capital, Bishkek.

“We are hopeful that our country’s population will learn to diversify its sa


Man börjar ny oroa sig för Le Pen och köper försäkring

Publicerad 2017-02-15 13:59:35 i Ekonomi,

Marine Le Pen's French election victory odds reached their highest level of the campaign overnight and it appears global investors are starting to panic-bid protection against the consequences for French stocks...

Oddschecker indicates Le Pen's incessant rise in popularity...

The cost of three-month options on the CAC 40 Index has rallied to a five-year high relative to those on the regional Euro Stoxx 50 Index.


Producentpriserna stiger i USA

Publicerad 2017-02-14 17:51:07 i Ekonomi,

S producer prices printed hotter than expected at 1.6% YoY (final demand) with a notably 0.6% MoM jump (versus 0.3% exp) - the biggest monthly jump since September 2012.

Thank to revisions, YoY data is not so crazy...

Så här blir det när CB lägger sig i men verkligheten har alltid kommit till känna förr eller senare

Publicerad 2017-02-14 15:12:04 i Ekonomi,

For close to 50 years, every time federal tax receipts (as measured by the 12 Mo rolling Y-o-Y) started slowing the US was already in a recession or very close to it beginning. When tax receipts went negative (we tax receipts actually began shrinking) we were well into the recession. Both have already occurred. Of course the public "narrative" no longer allows the use of the "R" word in case a reality adjustment would occur.


Är vi på gång och stänga gapet

Publicerad 2017-02-13 14:50:40 i Ekonomi,

The chart is a Silver-Gold ratio (RED LINE) compared to the S&P 500 Index (BLACK LINE).  Take note, this is not a Gold-Silver ratio, but the opposite.  As we can see, the Silver-Gold ratio line has paralleled the S&P 500 from 1997 to 2012… very closely.  However, when the Fed announced QE3 at the end of 2012, something quite interesting took place.  The Silver-Gold ratio continued lower towards its bottom level, but the S&P 500 Index surged upward to a new record high.

Bullion banks är fortfarande otroligt korta när det gäller silver

Publicerad 2017-02-13 14:37:10 i Ekonomi,

For the current reporting week, the Big 4 are short 140 days of world silver production—and the ‘5 through 8’ traders are short an additional 52 days of world silver production—for a total of 192 days, which is more than 6 months of world silver production, or about 466.5 million troy ounces of paper silver held short by the Big 8. [In last week’s report the Big 8 were short 190 days of world silver production. 

Det är inte så svårt att förstå varför Trump blev president

Publicerad 2017-02-10 10:29:04 i Ekonomi,

Weak population growth, a baby bust, an aging population and an unprecedented percentage of 18- to 34-year olds living with parents and/or other family members characterize current U.S. demographics, and all constrain economic growth. Moreover, real disposable income per capita is so weak that these trends are more likely to worsen rather than improve (Chart 3).

Den som tror att Trumps skattelättnader och infrastruktur satsningar kommer att ge högre tillväxt bör nog studera Japan

Publicerad 2017-02-10 10:27:14 i Ekonomi,

However, if the household and corporate tax reductions and infrastructure tax credits proposed are not financed by other budget offsets, history suggests they will be met with little or no success. The test case is Japan. In implementing tax cuts and massive infrastructure spending, Japanese government debt exploded from 68.9% of GDP in 1997 to 198.0% in the third quarter of 2016. Over that period nominal GDP in Japan has remained roughly unchanged (Chart 1). Additionally, when Japan began these debt experiments, the global economy was far stronger than it is currently, thus Japan was supported by external conditions to a far greater degree than the U.S. would be in present circumstances.

Positivismen i USA är på nivåer som vi inte sett sedan sommaren 2007 och alla vet ved som hände därefter

Publicerad 2017-02-09 17:02:55 i Ekonomi,

Bloomberg's Consumer Comfort index surged once again this week to its highest since April 2015, but it was the "state of the economy" survey that really soared - breaking to new cycle highs at 42.8 - the highest since July 2007...

The last time we saw a surge like this was the post-QE3 "well they would not have stopped QE if they didn't know that everything was awesome" narrative...


Överköpt börs utan större rekyler. Längsta perioden någonsin utan rekyl på över 1% för S&P 500

Publicerad 2017-02-08 11:18:03 i Ekonomi,


Heading into Monday's session, the S&P had gone for 34 consecutive trading sessions in which it hadn't experienced an intraday move greater than 1%: according to the WSJ's Market Data Group, this was the longest such streak going back over two decades, to 1995. And, following the Monday close, the market made history when it ended yet another day by being confined to a 1% trading range. This made it 35 consecutive sessions without an intraday move of 1% or more. With Tuesday's somnolent market action and virtually unchanged close, the streak extended to 36 consecutive sessions - the longest streak in history.

Martin Armstrong om silver/gold ratio

Publicerad 2017-02-08 11:02:25 i Ekonomi,

This is one of the critical factors that must turn to signal a real bull run is coming. We did elect a Weekly Bullish in silver on Friday but not gold. However, we did get a Minor Monthly Bullish at the close of 2016 both in gold and silver. For a real bull market, we need the silver/gold ratio to break 60:1. It is currently in the 69:1 range. Here is a chart with 200 years of data for this ratio. A bull market requires BOTH metals to rally. Gold may have more trouble since it is being tracked by all governments. You cannot mail it outside the country nor jump on a plane with 10 ounces. Silver may become more viable if the world actually moves to electronic currency. So this ratio should start to come in after 2017.

Lyssna på Grant Williams

Publicerad 2017-02-08 10:53:52 i Ekonomi,

This is an excellent presentation on Gold and the markets by Grant Williams. He puts together the dot's that ties to gold and how naysayers in the media constantly poo poo the gold market. Grant also goes on to explain how gold has out performed the stock and bond markets.

Är Dow 20 000 vändningen för börsen

Publicerad 2017-02-06 09:56:41 i Ekonomi,

History shows us that the first breach of these ‘lines in the sand’ is usually the end of — rather than the beginning of — a boom. It takes years for the market to make a permanent breach through these ‘barriers’, as you’ll see below.
Dow Jones point level Year first breached Year permanently breached Number of years between
100 1916 1942 26 years
1000 1966 1982 16 years
10,000 1999 2010 11 years
20,000 2017 ?? ??

Värderingen för S&P 500 vem köper

Publicerad 2017-02-02 12:50:50 i Ekonomi,

David Stockman blasts the blindness of the market saying, “the S&P 500s ratio of EBITDA to TEV (market equity plus net debt) is now truly in the sky-box section of history. It has never been close to the current level of 11.3X—except during a few months of sheer stock market mania at the turn of the century.”

S&P 500 Bubble

Dollarn klart övervärderad vilket Trump nu verbalt försöker ändra på

Publicerad 2017-02-02 10:42:06 i Ekonomi,

by Eric Bush, CFA in 

The stronger dollar is flowing through into our purchasing power parity (PPP) CPI differential models. Overall against 18 currencies, the USD is overvalued against 12 of them on a PPP basis. What is crucial is that the USD is overvalued against many of its largest trading partners. Of the currencies listed in the title of the blog post, the USD is just slightly over valued against a few (KRW, CHF) to vary overvalued against some of the others (JPY, EUR, NOK, SEK, GBP). Below is a chart for each currency.


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Roger Lundberg

Har varit verksam inom den finansiella marknaden i över 35 år. Har därmed varit med om både upp och nedgångar inom olika marknader. Min bedömning är att vi närmar oss en ny härdsmälta på de ekonomiska marknaderna och vill därför med denna blogg dela med mig av min erfarenhet.

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