A Discussion of The Dollar, Gold and Chinese Liquidity with Paul Mylchresst

183

We've regularly published Paul Mylchreest's insightful analysis for about as long as there has been a TFMR. Whether his work is written independently or for his employer, ADM ISI in London, Paul consistently sees things that few others in the investment world notice and he writes with a clarity that everyone can understand. As you might imagine, it was a tremendous pleasure when, earlier this week, we finally had an opportunity to connect for a podcast.

First of all, let me just state that you are definitely going to want to listen to every minute of this discussion. In fact, many of you will likely end up listening to it more than once! Over the course of these forty minutes, Paul and I:

  • Begin by discussing gold
  • From there we transition into the close correlation we've seen between Comex Digital Gold and the USDJPY
  • We then discuss how and why this correlation exists
  • Which leads us to a discussion of the US dollar and its impact on the emerging markets
  • Paul then explains what a "global dollar shortage" is and how it comes about
  • Paul speculates that dollar liquidity may be the only remaining market force that the Central Banks cannot control
  • And from there, the conversation logically circles back around the USDJPY and Comex Digital Gold.

Again, I'm confident that you'll find this discussion to be as fascinating as it is educational. We thank Paul for so willingly sharing his time and expertise and we look forward to speaking with him again soon.

TF

  183 Comments

  Refresh
AlienEyes
Jan 17, 2017 - 3:33pm

RE : About those 1,000s of tons of gold

However, If true, it would greatly increase the ods of gold becoming 'real money' again.

Frankly, I doubt it.

Markedtofuture
Jan 17, 2017 - 3:18pm

The dollar is heading down

Dollar Tumbles After Trump Calls Currency "Too Strong", Slams Border-Adjustment Tax

One can probably put the time of death of the Trumpflation rally as 11:47pm on Monday night. That's when the WSJ published the latest excerpt of its Friday interview with Donald Trump, in which the president-elect himself said the dollar was already “too strong.” and said “our companies can’t compete with [China] now because our currency is too strong. And it’s killing us.”

https://www.zerohedge.com/news/2017-01-17/dollar-tumbles-after-trump-cal...

Gary Savage

The dollar is heading down
SteveW
Jan 17, 2017 - 12:32pm

Gold: 250,000 to 1,000,000 tonne range

https://www.tfmetalsreport.com/comment/454017#comment-454017

I already commented on this meme and indicated my skepticism. I suggested how this might be possible. If anyone has concrete evidence of any of these suggestions, or any other, please share.

DPMS308
Jan 17, 2017 - 11:05am

Gold hoard in the Philippines

If you want to go full Tin Foil Hat about gold in the Philippines ... Google or look up on YouTube:

Karen Hudes

I don't if the lady is bat cr@p crazy or not but it is entertaining.

lakedweller2
Jan 17, 2017 - 10:58am

Davos

Monkeys got their reputations as market manipulators exposed to all the elites. The Peons must continue to be punished for Central Bank crimes.

Edit:. What time in NY will the elites be having their 5th drink at Davos Happy Hour, so they switch their attention from the price of gold to the bar maid. Then the miners will move.

goldcom
Jan 17, 2017 - 10:52am

About those 1,000s of tons of gold

With the articles of 250,000 tons or more in Thailand, Philippines and Switzerland or this big stash controlled by the CIA, I have to wonder why the Chinese and Russians even bother to build their hoard. I do think there are likely some large hoards but if the gigantic numbers are true then I need to sell my gold and stack silver.

Control of 50,000 tons(out side of the known CB hoards) by the wrong people will allow them to control the gold market for a very, very long time.

murphy
Jan 17, 2017 - 10:48am

Playa Del Carmen

Little more detailed recounting. I've been going there for years. Never felt unsafe at anytime as long as you stay in the tourist zone.

https://www.businessinsider.com/mexico-club-shooting-crime-in-cancun-pla...

g0ldenb0y
Jan 17, 2017 - 10:46am

Visit the FAQ page to learn how to track your last read comment, add images, embed videos, tweets, and animated gifs, and more.

Dr. P. Metals
Jan 17, 2017 - 10:44am

@goldenboy

Re: "wouldn't blame WhiskeyBill for taking a plane to Ped Island"

so even as a joke, you think Pedophelia is ok? It's not a joking matter.

g0ldenb0y
Jan 17, 2017 - 10:38am

just a guess but hideous picture is photoshop of....

HRC and George Sore-Ass. The baggy eyes are Soros...

"It" sure is ugly though.... wouldn't blame WhiskeyBill for taking a plane to Ped Island if that's what he wakes up to... LOL!!

Subscribe or login to read all comments.

Become member and subscribe to Turd's Vault

Contribute

Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 1/18

1/19 10:00 ET Mother for SecTreas hearing
1/20 12:00 ET POTUS Inauguration
1/21 ECB meeting and rate decision
1/21 8:30 ET Housing Starts
1/21 8:30 ET Philly Fed
1/22 9:45 ET Markit flash PMIs (Jan)

Key Economic Events Week of 1/11

1/11 12:00 ET Goon Bostic speech
1/12 10:00 ET JOLTS job openings
1/13 8:30 ET CPI
1/13 1:00 ET Goon Brainard speech
1/13 2:00 ET Beige Book
1/14 8:30 ET Import price index
1/14 12:30 ET Chief Goon Powell
1/15 8:30 ET Retail Sales
1/15 8:30 ET PPI
1/15 9:15 ET Cap Ute and Ind Prod
1/15 10:00 ET Business Inventories

Key Economic Events Week of 1/4

1/4 9:45 ET Markit manu PMI
1/4 10:00 ET Construction Spending
1/5 Georgia U.S. Senate election
1/5 10:00 ET ISM manu PMI
1/6 US election certification
1/6 8:15 ET ADP Employment Report
1/6 9:45 ET Markit service PMI
1/6 10:00 ET Factory Orders
1/6 2:00 ET December FOMC minutes
1/7 8:30 ET Trade Deficit
1/7 10:00 ET ISM service PMI
1/8 8:30 ET BLSBS
1/8 8:30 ET Wholesale Inventories

Key Economic Events Week of 12/21

12/21 8:30 ET Chicago Fed
12/22 8:30 ET Q3 GDP final guess
12/22 10:00 ET Consumer Confidence
12/23 8:30 ET Durable Goods
12/23 8:30 ET Personal Inc and Spending
12/23 8:30 ET Core Inflation

Key Economic Events Week of 12/14

12/15 8:30 ET Import Price Index
12/15 8:30 ET Empire State Index
12/15 9:15 ET Cap Ute and Ind Prod
12/16 8:30 ET Retail Sales
12/16 9:45 ET Markit flash PMIs Dec
12/16 10:00 ET Business Inventories
12/16 2:00 ET FOMC Fedlines
12/16 2:30 ET Chief Goon Powell presser
12/17 8:30 ET Philly Fed
12/18 8:30 ET Current Account Deficit
12/18 10:00 ET LEIII

Key Economic Events Week of 12/7

12/8 8:30 ET Productivity & Unit Labor Costs
12/9 10:00 ET JOLTS jop openings
12/9 10:00 ET Wholesale Inventories
12/10 8:30 ET CPI
12/11 8:30 ET PPI

Key Economic Events Week of 11/30

11/30 9:45 ET Chicago PMI
12/1 9:45 ET Markit Manu PMI Nov
12/1 10:00 ET ISM Manu PMI Nov
12/2 8:15 ET ADP Employment Report
12/3 9:45 ET Markit Services PMI Nov
12/3 10:00 ET ISM Services PMI Nov
12/4 8:30 ET BLSBS
12/4 8:30 ET US Trade Deficit Nov
12/4 10:00 ET Factory Orders

Key Economic Events Week of 11/23

11/23 9:45 ET Markit flash PMIs
11/23 1:00 ET Goon Daly
11/23 3:00 ET Goon Evans
11/24 9:00 ET Case-Shiller home prices
11/24 10:00 ET Consumer Confidence
11/24 11:00 ET Goon Bullard
11/24 12:00 ET Goon Williams
11/24 12:45 ET Goon Chlamydia
11/25 8:30 ET Q3 GDP 2nd guess
11/25 8:30 ET Durable Goods
11/25 10:00 ET Personal Inc and Spend
11/25 10:00 ET Core inflation
11/26 US Market holiday

Key Economic Events Week of 11/16

11/16 2:00 pm ET Goon Chlamydia
11/17 8:30 ET Retail Sales
11/17 8:30 ET Import Price Index
11/17 9:15 ET Cap Ute and Ind Prod
11/17 10:00 ET Business Inventories
11/17 1:00 pm ET Chief Goon Powell
11/18 8:30 ET Housing Starts
11/18 1:20 pm ET Goon Bullard
11/19 8:30 ET Jobless claims
11/19 8:30 ET Philly Fed

Key Economic Events Week of 11/9

11/9 1:30 pm ET Goon Mester
11/10 7:30 am ET Goon Kaplan
11/10 10:00 ET JOLTS job openings
11/10 10:00 ET Goon Rosengren
11/11 Veteran's Day. Bond market closed.
11/12 8:30 ET CPI
11/12 11:45 ET Chief Goon Powell
11/12 2:00 pm ET Federal budget
11/13 7:00 ET Goon Williams
11/13 8:30 ET PPI
11/13 8:30 ET Goon Bullard
11/13 10:00 ET Consumer sentiment

Forum Discussion

by canadapleasure, 2 hours 57 min ago
by scoremore, Jan 19, 2021 - 10:56pm
by murphy, Jan 19, 2021 - 10:29pm
by scoremore, Jan 19, 2021 - 10:16pm
by scoremore, Jan 19, 2021 - 10:11pm
randomness