Latest Goldmoney Research

Dec 4, 2023·Alasdair Macleod

US Trade deficit 2024

No one is talking about the US trade deficit in the current fiscal year, but it is likely to be another record, bringing with it new rounds of trade sanctions and protectionism.In this article, I explain why the twin deficit hypothesis will apply, bearing in mind a likely budget deficit outturn...

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Dec 1, 2023·Alasdair Macleod

Gold up, $ down

Gold and silver continued to rise this week, with gold bursting through the $2000 level, and silver $25. In European trade this morning, gold was $2042, up $42 from last Friday’s close, and silver was $25.20, up 93 cents. After a busy Monday, Comex volumes in both contracts declined over...

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Nov 28, 2023·Alasdair Macleod

Dollar’s TWI and bond yields decline

Ahead of a possible challenge on the $2000 level, gold consolidated recent rises this week, and silver held up well. This morning in European trade, gold was $1995, up $15 from last Friday’s close, and silver was $23.70, unchanged on the week. Comex volumes were healthy, despite the...

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Nov 27, 2023·Alasdair Macleod

Managing a crisis

This article concludes that the current downturn in bond yields is part of a continuing market manipulation by central banks in order to restore confidence in the global economic outlook.There is a long history of government intervention in markets. In the nineteenth century, it was by...

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Nov 20, 2023·Alasdair Macleod

Is gold about to take off?

The technical position for gold is looking very positive for higher prices. But technical analysis should be backed by fundamentals.To a large extent fundamentals are in the eye of the beholder, whose opinions in any situation can vary from positive to negative and everything in between. But...

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Nov 14, 2023·Alasdair Macleod

Healthy correction

This week, gold and silver extended their correction of October’s sharp rise. In European trade this morning, gold was $1953, down $24 from Last Friday, and silver was $22.54, down 66 cents. Comex volume in both contracts was moderate.Open Interest in both Comex contracts has been on the low...

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Nov 13, 2023·Alasdair Macleod

Playing into Putin’s hands - again

The Great Game of geopolitics faces a new challenge. The new hotspot is Israel and the Muslim Middle East. Ukraine is all but over, and the US is likely to abandon her to her fate — like Afghanistan.We shall have to see how both will play out. Meanwhile, energy prices are set to keep inflation...

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Nov 7, 2023·Alasdair Macleod

Calm before the storm

The writing of this market report was at a time of great volatility, due to it coinciding with the speech of the Hezbollah leader, Hassan Nasrallah. The drift of it appears to be that Hezbollah will support Hamas. If so, it means an intensification of the Palestinian crisis Which would...

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Nov 6, 2023·Alasdair Macleod

The future for fiat

The day of reckoning for unproductive credit is in sight. With G7 national finances spiralling out of control, debt traps are being sprung on all of them, with the sole exception of Germany.Malinvestments of the last fifty years are being exposed by the rise in interest rates, increases which...

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Oct 31, 2023·Alasdair Macleod

Global conflict threatens

This week, gold and silver went their separate ways, with gold rising and silver falling. In European trade this morning gold was $1985, up $4 from last Friday’s close, while silver was 22.81, down 21 cents. Gold is edging higher, while silver edges lower.Indeed, all the action is in gold,...

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