Latest Goldmoney Research

Jun 14, 2024·Alasdair Macleod

Gold and silver’s physical drivers

Gold and silver steadied this week, at the lower end of their current trading ranges. In European trade this morning, gold was $2317, up $22, while silver was $29.07, down 8 cents. Comex volumes in gold were low, while silver’s were high.The trading dynamics in the two metals are dissimilar, as...

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Jun 13, 2024·Alasdair Macleod

Interest rates, inflation, and gold

Monetary authorities and domestic users do not understand the true relationship between their fiat currency, the threats to its purchasing power, and the relationship with gold.It’s now increasingly assumed that the US economy is not performing as well as the statistics suggest, and that the...

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Jun 7, 2024·Alasdair Macleod

Chinese demand is driving gold and silver

Despite continuing efforts by the paper establishment in western capital markets to shake out weak gold and silver holders, they are being swamped by Chinese demand.This week has seen underlying firmness in gold and silver markets, with gold trading at $2351 in European trade this morning, up...

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Jun 6, 2024·Alasdair Macleod

An interim BRICS+ trading currency arrangement

BRICS and the SCO have agreed to replace dollars with national currencies for trade settlement. This article shows how it is leading to the renminbi becoming the reserve currency for members.The backgroundThere is little doubt in both Russian and Chinese government circles that the dollar is...

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May 31, 2024·Alasdair Macleod

Firm undertone despite contract expiry

Gold and silver prices reflect relentless demand from China and Asia, who are simply getting out of dollars. Normally at contract expiry, gold and silver prices get smashed as call options are driven into worthlessness and stops are triggered by the establishment’s shorts. And given...

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May 30, 2024·Alasdair Macleod

Think inflation is done? Think again!

A lethal combination of budget deficits and trade sanctions are going to be reflected in increasing price inflation for the US. And where the US goes, the rest of us follow.In this article I focus on two reasons why inflation will rise leading to higher, not lower, interest rates and bond...

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May 24, 2024·Alasdair Macleod

Bullion prices pause…

This pullback in prices might provide the best opportunity buy gold and silver before China’s continuing demand drives them far higher.Gold and silver corrected sharply this week, with gold down $85 from last Friday’s close at $2342 in European trade this morning. And silver was off $1.30 at...

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May 23, 2024·Alasdair Macleod

Gold and silver’s inflection point

For decades goldbugs have bemoaned that paper markets control and suppress gold and silver. Many of them have yet to realise it, but London forwards and Comex futures no longer set the price. It is increasingly set by Chinese savers and their demand for physical metal.In this article, I...

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May 17, 2024·Alasdair Macleod

Will silver be next?

There has been an enormous squeeze on the Comex copper contract, driving it to unheard of premiums against London and Shanghai. Similar conditions could be ahead for silver.Gold and silver continued to rally this week, challenging the highs established in mid-April. In European trading...

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May 16, 2024·Alasdair Macleod

We are all zombies now

For decades, all G7 nations and more besides have prevented the creative destruction upon which economic progress depends. Whole countries are now zombified.The consequence is soaring, unproductive debt both in public and private sectors. In the past, debt levels have been low enough for...

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