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April 2017  -   published on 28th April 2017


18 / The Yen as a safe haven play: will it  last? Yes, it will.

27 / Gold: A reappraisal, as the precious metal leads the rik off movement with the JPY.

“Car sales have been weakening, housing
has been slowing down, the debt levels are
extremely high, and short-term interest
rates are going up, so it’s hurting some
sectors of the market which are interest
rate dependent. And I think the economy
by and large will disappoint in the next
three months. Let’s say the Fed realizes
that the deficits for the U.S. go up and
that interest rates increase and that the
economy slows down, do you really think
that they will increase the Fed funds rate
three times in 2017? Never. What they will
aim at, then, is to essentially bring interest
rates down, especially if by then the dollar
is still strong.”

Marc Faber

Anchor 1

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