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

Marchas45
Jan 13, 2017 - 5:46pm

Well I'll Take

1st Keep Stacking

uni59
Jan 13, 2017 - 5:48pm

3rd

3rd

texmex66
Jan 13, 2017 - 5:48pm

4 Marchas

KEEP STACKING!

pbfurn
Jan 13, 2017 - 5:49pm

FIRST!

Happy New Year!

___________________

Well, Dang, Marchas! There I was trying to help you get fourth and you rained all over my parade!

RickshawETF
Jan 13, 2017 - 5:54pm

Fifth

Fifth

Damn, I was hoping Marchas was going to get the Fourth spot -- it's always an auspicious sign leading into a 3-day weekend . . .

Stack on, and prosper!

Marchas45
Jan 13, 2017 - 6:01pm

@Dirt_Reynolds

Well look at the top of the thread. Keep Stacking Got tired waiting for others.

infometron
Jan 13, 2017 - 6:06pm

Marchas is on fire!

Two stacking hands over firsts in a row...

Dirt_Reynolds
Jan 13, 2017 - 6:41pm

Marchas

The day ain't right until I see your mug.

Edit: just finished listening. Great interview. Would love to have him back, A2A even?!?!

PTT FTW!!! Zippo in the room with you, or a Bic that was running low? Chair creaks a bit lol.

#keepstacking

SilverHunter1985
Jan 13, 2017 - 6:51pm

Maybe Clif High next time

I was hoping for a clif high interview mabye next time.

BillD
Jan 13, 2017 - 7:48pm

Clif

Makes his living selling his reports for a great big $15 a pop.... so he is not likely to give all..... so buy his report then ask him to comment.... lol ...

Otherwise, I would expect some generalities about past predictions ... but not much in the area of whatz coming in 2017 specifically ...

Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

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Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Key Economic Events Week of 9/3

9/3 9:45 ET Markit Manu PMI
9/3 10:00 ET ISM Manu PMI
9/3 10:00 ET Construction Spending
9/4 8:30 ET Foreign Trade Deficit
9/5 9:45 ET Markit Svc PMI
9/5 10:00 ET ISM Svc PMI
9/5 10:00 ET Factory Orders
9/6 8:30 ET BLSBS

Key Economic Events Week of 8/26

8/26 8:30 ET Durable Goods
8/27 9:00 ET Case-Shiller Home Price Idx
8/27 10:00 ET Consumer Confidence
8/29 8:30 ET Q2 GDP 2nd guess
8/29 8:30 ET Advance Trade in Goods
8/30 8:30 ET Pers. Inc. and Cons. Spend.
8/30 8:30 ET Core Inflation
8/30 9:45 ET Chicago PMI

Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

Key Economic Events Week of 8/12

8/13 8:30 ET Consumer Price Index
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Labor Costs
8/14 8:30 ET Philly Fed
8/14 9:15 ET Ind Prod and Cap Ute
8/14 10:00 ET Business Inventories
8/15 8:30 ET Housing Starts & Bldg Permits

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