Latest Goldmoney Research

Mar 17, 2023·Alasdair Macleod

Banking chaos

Last weekend saw the failure of three banks in the US: Silver Valley, Signature, and Silvergate. Gold rallied to $1931 in European trade this morning, up $68 from last Friday’s close and up $118 in just seven trading sessions. Silver was $21.86, up $1.35 this week, and $1.85 from the...

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Mar 16, 2023·Goldmoney Staff

Gold prices reflect a shift in paradigm - Part II

In the first part of this report, we highlighted that observed gold prices have significantly detached from our model-predicted prices. While this has happened in the past, prices always converged eventually. However, the delta between the observed and the model predicted price has now reached...

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Mar 16, 2023·Alasdair Macleod

Credit chaos

Following the day-to-day twists and turns of a banking crisis can make us lose sight of the bigger picture. It is tempting to think that the banking authorities are in control, and they will secure the integrity of their commercial banking networks. Unfolding events may or may not prove this to...

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Mar 15, 2023·Goldmoney Staff

Gold prices reflect a shift in paradigm – Part I

Our proprietary gold price model has done a very good job tracking gold prices since we introduced it to our readers for the first time in 2016. As we have explained before, the intent of our gold price model is not to provide trading signals. Instead, we find the model a very useful tool...

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Mar 10, 2023·Alasdair Macleod

Bears in charge…

Gold and silver traded lower this week, with gold down a net $21 at $1834 in European trade this morning, having dipped as low as $1810 on Wednesday. Silver was hit even harder, down $1.18 at $20.06, having traded as low as $19.90.This week, Jay Powell gave his two-day testimony to the Senate...

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Mar 9, 2023·Alasdair Macleod

Why credit needs a golden anchor

This article examines the relationship between credit and its anchor in value. Today, that anchor is fiat currency, which is both parochial and unstable. Historically, and in law it has always been gold.It is a common error to think of credit in a narrow sense, without realising that...

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Mar 3, 2023·Alasdair Macleod

Start of a recovery?

After declining recently, gold and silver steadied this week in oversold conditions. This morning in European trade gold was $1847, up $37 from last Friday’s close, and silver was $21.10, up 50 cents. Turnover on Comex has been low in both contracts.We still lack Commitment of Traders...

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Mar 2, 2023·Alasdair Macleod

Interest rates: The silent killer

This article is about why interest rates and bond yields are rising and why they will continue to rise, threatening to undermine the entire western banking system.Rising bond yields are deferring the prospect of a central bank pivot away from fighting inflation to tackling a widely...

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Feb 24, 2023·Alasdair Macleod

Yield misconceptions

Gold and silver continued to drift lower this week as the dollar continued to consolidate recent falls against other currencies. On the week, gold drifted lower, down $20 from last Friday’s close at $1823 in European trade this morning. Over the same timescale, silver was off 48 cents at...

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Feb 23, 2023·Alasdair Macleod

CBDCs — The good, the bad, the ugly

There has been much comment over the likelihood that central bank digital currencies will be introduced. I conclude they are unnecessary — a red herring. But it does allow us to discuss their possible relevance to a new Asian super-currency.Earlier this month, the Bank of England in...

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