Ideas and analysis on money, markets and the world around us.
A technical correction in gold and silver is shaking out weak holders, providing a stronger base for the next bull move. There are strong signs that the credit bubble is beginning to deflate. A dramatic collapse in…
Read the articleEquities are pricing in a goldilocks scenario where global economic activity reaccelerates while inflation declines further, allowing the Fed and other central banks to continue to cut rates. However, we think there is…
Read the articleIt will prove difficult for the US Treasury to deflect Trump from opening its gold book, since Elon Musk and Ron Paul appear to be driving the move to come clean over national gold reserves. Gold and silver continued to…
Read the articleBehind precious metal markets is new evidence of growing European investor demand at the retail level, while Comex deliveries continue at an elevated rate. It has been a week of new highs for gold, and silver appears to…
Read the articleThe bullion bank establishment is adjusting to gold and silver going far higher, which is why they are deleveraging their balance sheets. It is a process in its early stages. In a wild week, gold hit new highs before…
Read the articleA Comex exchange-for-physical crisis is in progress, repeating the disruption during covid. The media story blames Trump’s potential tariffs. But is this the real reason gold is hitting new highs? Gold and silver rose…
Read the articleEquities are pricing in a goldilocks scenario where global economic activity reaccelerates while inflation declines further, allowing the Fed and other central banks to continue to cut rates. However, we think there is…
Read the articleRumours that Trump will introduce 10% tariffs on precious metals are said to be driving gold higher. This report gives a more likely explanation. For the last two weeks before and after President Trump’s inauguration on…
Read the articleOil has rallied sharply in the new year as new US sanctions on the Russian oil industry could impact oil supplies over the next few months. This comes at a time when crude oil inventories were already at critically low…
Read the articleThe sharp rise in Comex open interest suggests short-term caution. But the background for gold’s outlook just gets better and better. Gold and silver rallied this week, though this morning there is evidence of profit…
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