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Gold market report: Abenomics coming undone?

This week the focus has been on Japan, where “Abenomics” is beginning to bite in ways unexpected by the Japanese authorities. Confidence in both bond and equity markets was destabilised, as investors digested the implications of monetary policy out of control. There is a portent here: there comes a point where a central bank ...

2013-MAY-31 · Alasdair Macleod

Economic 'recovery' built on sand

“STOCKS ROAR BACK” is this morning’s London City AM headline – reporting news that the Dow Jones “smashed through” the 15,000 mark yesterday to a record nominal high, with the FTSE 100 also marking a five-and-a-half year nominal high. The Dow is up 15% since the start of the year, with bulls encouraged ...

2013-MAY-08 · The GoldMoney News Desk

Silver price enjoys strongest one-day gain for 15 months

Gold and silver have staged a decent comeback over the last couple of days, with gold up by around $40 since Wednesday, while silver yesterday recorded its strongest one-day price gain for 15 months – gaining more than a dollar per ounce. Industrial commodities have also enjoyed gains over the last few days, while the dollar ...

2013-APR-26 · The GoldMoney News Desk

Stock market hype ignores inflation

Stocks markets have hit record (nominal) levels in the last few days, amid the on-going torrent of central bank currency injections into the banking system. Month-on-month changes in the US M3 money supply continue to show robust gains, with this money stock now at $15.1 trillion and some measures of year-on-year US house price gains ...

2013-MAR-07 · The GoldMoney News Desk

Gold consolidation, but no capitulation

Gold and silver may be struggling for direction at the moment, but palladium continues to move higher: bursting above the $760/oz mark yesterday. Platinum enjoyed a solid up day – though its bullish progress has slowed slightly over the last week. Copper and crude oil as well as general equities had strong sessions, encouraged by ...

2013-FEB-13 · The GoldMoney News Desk

S&P commodity index records strongest ever start to a year

“The only problem with heroin is that it is so moreish.” That’s one of the comments on an FT story ($) about remarks made by the outgoing chairman of Britain’s Financial Services Authority, Lord Turner, in favour of limited money printing for direct funding of government spending. In Turner’s words: “I ...

2013-FEB-06 · The GoldMoney News Desk

James Turk: crunch time for US in 2013-15 timeframe

Gold has been the standout winner following the US election. The metal’s performance yesterday was particularly impressive in that it coincided with notable losses in stock markets. The Wall Street Journal comments that year-to-date, gold has outperformed the S&P 500 (the former up 10.6%; the latter just 10%). This is not a huge ...

2012-NOV-09 · The GoldMoney News Desk

Dow floating on a sea of funny money

The Dow Jones Industrial average closed at 13279.32 yesterday – the highest close since December 31 2007. It’s an old Wall Street adage that “selling in May” is a good idea, as markets tend to underperform in the summer. But given the tidal wave of “hot” money flowing around the world at the moment, it ...

2012-MAY-02 · The GoldMoney News Desk

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