Net International Investment Position (NIIP) Vs. Currency

The NIIP in essence shows the balance sheet of a country.

A negative NIIP figure indicates that a foreign nation owns more of the domestic nation's assets than the domestic nation does of foreign assets, thus making it a debtor nation. The current account balance correlates to the change in NIIP.

The largest debtor nation in the world is the U.S.A. The negative NIIP of the U.S. is around 50% of GDP. The largest creditor nation in the world is Japan, followed by Germany and China.

2015:

 

2020:

2021:

2022:

2023:

On top of that, Turkey and Mexico have a lot of dollar denominated debt.

The U.S. has incurred a lot of liabilities and less assets since the 2008 crisis. 

The BEA shows quarterly updates on the NIIP.

Because the U.S. owns less foreign assets, as opposed to foreigners owning U.S. assets, the U.S. debtor nation will benefit from a lower U.S. dollar. When the U.S. dollar drops, this will increase the NIIP. When the U.S. dollar gets stronger, then the NIIP will get worse. That's why the U.S. will want a weaker currency.

Data for Germany.

Managed Money Short Positioning Gold/Silver

This page is created to monitor the managed money short positions in gold and silver on a weekly basis.

Whenever the managed money short positions are high, this will mark a bottom in gold and silver price. If a subsequent short covering happens, the price of gold and silver will spike upwards.

Each week a COT report is available here:
http://www.cftc.gov/dea/futures/other_lf.htm