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November 29, 2012

November 29, 2012

2013 Is Just Around the Corner
Many changes in the business and financial sectors are expected in 2013.  To inquire about the services we offer, please call Aubrey Ford at (310) 826-8600.


Canadian and Australian Dollars Declared Reserve Currencies by the International Monetary Fund 

Last week, the IMF declared the Canadian and Australian currencies to be reserve currencies, and asked the central banks of nations holding them to include them in the statistics they supply to the IMF enumerating their central bank foreign exchange reserves.  They join the U.S. dollar, Euro, Pound, Yen, and Swiss Franc as reserve currencies in IMF accounting.  This action points to the fact that many central banks hold Canadian and Australian dollars, and that the commodities that both countries produce are in wide demand to fuel world growth.  Both currencies are important to international trade, and have become significant part of central bank currency holdings.

An interesting side note, the Chinese Renminbi (Yuan), Korean Won, and Singapore Dollar are also held by a few central banks, but are not yet considered reserve currencies by the IMF.

The U.S. Dollar Falls as a Percentage of Declared Central Bank Reserves

The U.S. dollar represented 71.5 percent of the reserves declared to the IMF in 2001, and currently represents only 62 percent of the reserves declared.  Global central banks have reduced their holdings of dollars and replaced them with other currencies as the U.S. balance sheet has deteriorated, and U.S. issuances of debt have grown.  This appears to be an innocuous fact, but it represents significant proof that central banks no longer have the faith in the wise behavior of the U.S. political class that they once did.
               


Is it Time to Buy Good Quality Energy MLPs and Royalty Trusts?

To see our analysis of  the negatives and positives of these type of investments, upgrade your current subscription to a Gold Subscription.  Learn how by clicking the button below.

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In this week’s Premium Global Market Commentary available to Gold Subscribers, we discuss:

  • Investors Don’t Like to Watch Politicos Play Chicken
    Investors don’t need to read investment commentaries to know that markets have been volatile these past few years.  A key ingredient to the markets’ growing volatility has been the episodes of political hard-ball played by policymakers as they debate key economic policy decisions…
  • The Newest Federal Mortgage Debacle: Will the FHA Be the Next Bailout?
    With the release of the 2012 actuarial review of the Federal Housing Administration (FHA), it seems there may be yet another contemporary example to follow the collapse and public takeover of Fannie Mae and Freddie Mac.  According to the review, FHA’s liabilities exceed its assets by $16.3 billion — and that’s a fairly optimistic estimate, with worst-case scenarios reaching the $100 billion mark
  • The Coming Internet of Things.  In Our Opinion, a Powerful Investment Strategy for 2013 & the Future.
    This emerging “internet of things” consists of two basic dimensions: the automated gathering and analysis of information, on the one hand, and the use of that information for improved autonomous processes performed by machines.  These machines could display what’s been called “ambient intelligence” — ubiquitous, and adapting themselves to the people in their surroundings…
  • Guild’s Weekly Global Market Summary
  • U.S. Stocks
  • Summary on Gold
  • We Found Some Good Economic Data on a Country
  • Analysis on Asian Markets

To get the full content and much more, become a Gold Subscriber today to receive our weekly Premium Global Market Commentary, where we discuss our formulated plans and investing strategies.

Please click the button below to learn about the benefits of Gold Subscription, or contact our office at (310) 826-8600.

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Guild Basic Needs IndexTM

Guild Basic Needs Index (October 2012)
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