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Since last summer the euro has been on the rise. Is that a trend you see continuing going forward? JT: It’s hard to predict the euro’s moves against other fiat currencies. All are being debased at a rapid rate by central banks. This means that the euro doesn’t really stand out as a poor performer in this context. In ...
I have not faced the prospect of a new year with so much trepidation as when I contemplate what is in store for 2013. Systemic risks abound, which of themselves are not the main story, only milestones on the road to final currency destruction, unless governments somehow regain their senses. To help understand the perils of 2013 I shall ...
Hopes for a further crisis response by the European Central Bank (ECB) cheered the markets yesterday, with a declining dollar giving support to rallies in commodities and precious metals prices. Though discounted and criticised by the German Bundesbank, the market continues to be optimistic that the ECB will soon act to cap peripheral ...
As the first “too-big-to-fail” euro-periphery nation to have caught fire, many see Spain as the pivotal battleground that will determine the eurozone's future. Massive money printing by the European Central Bank is the only realistic way to fund a Spanish bailout, but this will unleash a giant moral hazard: why should ...
Gold and silver prices once again showed some strength on Friday, as has often been the case in recent weeks. After being under pressure in earlier trading, the yellow metal reversed sharply at $1,605, popping up to its short-term resistance zone at around $1.625 and settling slightly lower at around $1,620. Silver rallied almost 60c and ...
We are coming up to the fifth anniversary of the financial crisis, at least for the UK’s banking system, because it was five years ago that anxious depositors were queuing up to withdraw their money from Northern Rock, leading to its inevitable rescue by the tax-payer. Anniversaries are often a time for reflection. The Northern ...
“The issuer’s promise” is a phrase I have used recently to describe the backing for fiat currencies. The purpose of this article is to define it further, given that it is increasingly likely to be challenged in the foreign exchange markets with respect to the euro. To begin we need to define the principal difference ...
Who’s going to blink first? That’s the question many market watchers find themselves pondering today, following European Central Bank President Mario Draghi’s comments yesterday during a news conference in Frankfurt. Draghi confirmed that the ECB is prepared to conduct “unlimited” “unsterilised” ...
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Gold:Gold Buy Rates |
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Silver:Silver Buy Rates |
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Palladium:Palladium Buy Rates |
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