Monday, August 15, 2016
Demand for Silver pushes expectation to $21.35 for 2017
Here's an interesting note from JP Morgan in Dow Jones Newswires. "Strong growth in China's solar sector is ramping up demand for silver, says JPMorgan, driving a 40% 1H increase in Chinese silver-powder imports. Solar-capacity installations there tripled from a year earlier in the period, helping ease concerns about a lack of industrial demand for the precious metal. Based on photovoltaic consumption and a bullish outlook for gold, JPMorgan boosts its 4Q average-price forecast to $21.21/ounce and sees $21.35 for all of 2017."
Sunday, August 14, 2016
Will there be an IMF October Surprise
On August 19, 2015 the IMF Board approved an extension of current SDR (special draw right) currency basket until September 30, 2016.
Will the IMF change the makeup of its special drawing rights (SDR) calculation for reserve currencies on Friday, September 30? Will the USD fall?
It’s really about China more than it is about the US dollar (unless, of course, you’re reading between the lines and predicting that this is a first step in the IMF taking over global currencies — which is a conspiracy theory line of thinking. Conspiracy theories are not necessarily wrong every time, but they rarely make for good investment strategies).
The SDR is a derivative reserve currency created by the IMF to try to diversify global reserve currencies, and to some degree that’s intended to lessen the reliance on the US dollar as the single reserve currency — though it’s not new. The SDR has been around since the late 1960s, and was originally based on gold and the US dollar (since major currency exchange rates were still fixed back then, under the Bretton Woods postwar system that collapsed a couple years later). Now, I’d describe the SDR as an attempt to have a global reserve currency that’s more representative of global trade flow and economic power — it exists as a currency, sort of, in that countries can exchange it and it’s occasionally used in some exchange rate calculations, but the most widespread use has been the 2009 attempts to bolster some economies whose balance sheets were in trouble, and opinions are that the only real value of the SDR is that it can be exchanged for the currencies that make it up.
Currently, the SDR is made up of the U.S. dollar (41.9%), euro (37.4%), Japanese yen (9.4%), and pound sterling (11.3%). As of October 1, in a move that was announced last November but delayed a bit to allow more time for the Chinese Yuan to become more freely tradable, the makeup will be: U.S. dollar relatively unchanged at (41.73%), and weightings for the euro (30.93%), yen (8.33%) and pound (8.09%) fall to make room for a 10.92% slot for the Chinese currency.
Will the IMF change the makeup of its special drawing rights (SDR) calculation for reserve currencies on Friday, September 30? Will the USD fall?
It’s really about China more than it is about the US dollar (unless, of course, you’re reading between the lines and predicting that this is a first step in the IMF taking over global currencies — which is a conspiracy theory line of thinking. Conspiracy theories are not necessarily wrong every time, but they rarely make for good investment strategies).
The SDR is a derivative reserve currency created by the IMF to try to diversify global reserve currencies, and to some degree that’s intended to lessen the reliance on the US dollar as the single reserve currency — though it’s not new. The SDR has been around since the late 1960s, and was originally based on gold and the US dollar (since major currency exchange rates were still fixed back then, under the Bretton Woods postwar system that collapsed a couple years later). Now, I’d describe the SDR as an attempt to have a global reserve currency that’s more representative of global trade flow and economic power — it exists as a currency, sort of, in that countries can exchange it and it’s occasionally used in some exchange rate calculations, but the most widespread use has been the 2009 attempts to bolster some economies whose balance sheets were in trouble, and opinions are that the only real value of the SDR is that it can be exchanged for the currencies that make it up.
Currently, the SDR is made up of the U.S. dollar (41.9%), euro (37.4%), Japanese yen (9.4%), and pound sterling (11.3%). As of October 1, in a move that was announced last November but delayed a bit to allow more time for the Chinese Yuan to become more freely tradable, the makeup will be: U.S. dollar relatively unchanged at (41.73%), and weightings for the euro (30.93%), yen (8.33%) and pound (8.09%) fall to make room for a 10.92% slot for the Chinese currency.
Sunday, July 17, 2016
#deathpenaltyforcopkillers
8 years of Democrat lip service and racism toward law enforcement has led to the deaths of law enforcement officers.
Police unions must push a nationwide death penalty initiative for cop killers (fast-track-1 appeal only) and mandatory life for accomplices.
It is time for police to stand-down until politicians stand up for the law enforcement community.
Police must Act now or risk death at the hands of Democrat radicals.
Police unions must push a nationwide death penalty initiative for cop killers (fast-track-1 appeal only) and mandatory life for accomplices.
It is time for police to stand-down until politicians stand up for the law enforcement community.
Police must Act now or risk death at the hands of Democrat radicals.
Thursday, June 2, 2016
Your Invited! Going Offshore in Wyoming
Why Going Offshore in Wyoming is more relevant today!
In the wake of Panama Papers and continued Asset Forfeiture activies, "Going Offshore in Wyoming" is more relevant today than ever.- Wyoming Spendthrift Trust Workshop
- Wyoming LLC Advantage
- Client Update
Phone. 712-775-7035 | Code. 908702# | Mute/Un-mute. *6 | Bring questions for Q&A
Information and People for Diligent Outcomes
Wednesday, April 13, 2016
Your Invited! Why Going Offshore in Wyoming is more relevant today....and more
An unscripted but substantive discussion with a focus on...
Recap of Baghdad trip...
THURSDAY | Apr. 14, 2106 | 7:30 PM EST
Phone. 712-775-7035 | Code. 908702# | Mute/Un-mute. *6 | Bring questions for Q&A
Information and People for Diligent Outcomes
IN THE NEWS!
Outpost Provisioning LLC gets 2016 Best of Cheyenne Award in investment management category for 2nd year in the row. www.outpostprovisioning.com
Given that only one winner is selected per category for each town, we are humbled to receive the award and be in the company of Best Buy, Intuit, Merrill Lynch, Edward Jones, Shell and other more notable recipients. http://cheyenne.alicitly.org/
Recap of Baghdad trip...
- Rules of engagement, unofficial CBI Chatter
- In the wake of Panama Papers, how "Going Offshore in Wyoming" is more relevant today.
THURSDAY | Apr. 14, 2106 | 7:30 PM EST
Phone. 712-775-7035 | Code. 908702# | Mute/Un-mute. *6 | Bring questions for Q&A
Information and People for Diligent Outcomes
IN THE NEWS!
Outpost Provisioning LLC gets 2016 Best of Cheyenne Award in investment management category for 2nd year in the row. www.outpostprovisioning.com
Given that only one winner is selected per category for each town, we are humbled to receive the award and be in the company of Best Buy, Intuit, Merrill Lynch, Edward Jones, Shell and other more notable recipients. http://cheyenne.alicitly.org/
Wednesday, March 30, 2016
Outpost Provisioning LLC Receives 2016 Best of Cheyenne Award
FOR IMMEDIATE RELEASE
CHEYENNE February 18, 2016 -- Outpost Provisioning LLC has been selected for the 2016 Best of Cheyenne Award in the Investment Management category by the Cheyenne Award Program.
Each year, the Cheyenne Award Program identifies companies that we believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and our community. These exceptional companies help make the Cheyenne area a great place to live, work and play.
Various sources of information were gathered and analyzed to choose the winners in each category. The 2016 Cheyenne Award Program focuses on quality, not quantity. Winners are determined based on the information gathered both internally by the Cheyenne Award Program and data provided by third parties.
About Cheyenne Award Program
The Cheyenne Award Program was established to recognize the best of local businesses in our community. Our organization works exclusively with local business owners, trade groups, professional associations and other business advertising and marketing groups. Our mission is to recognize the small business community's contributions to the U.S. economy.
SOURCE: Cheyenne Award Program
CONTACT:
Cheyenne Award Program
Email: PublicRelations@awardconnections.org
URL: http://www.awardconnections.org
Wednesday, January 27, 2016
The World’s Favorite New Tax Haven Is the United States
Moving money out of the usual offshore secrecy havens and into the U.S. is a brisk new business.
Last September, at a law firm overlooking San Francisco Bay, Andrew Penney, a managing director at Rothschild & Co., gave a talk on how the world’s wealthy elite can avoid paying taxes.
His message was clear: You can help your clients move their fortunes to the United States, free of taxes and hidden from their governments.
Some are calling it the new Switzerland.
http://www.bloomberg.com/news/articles/2016-01-27/the-world-s-favorite-new-tax-haven-is-the-united-states
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