Ideas and analysis on money, markets and the world around us.
Comex Gold Swaps are short 50,000 contracts even with rising gold and silver prices. This week saw some consolidation of the rise in gold and silver prices since the start of the year. This is hardly surprising, because…
Read the articleYou know when to buy gold: it’s when nearly every trader and commentator tells you that gold is going lower and you should sell it. This is Harry Dent on 10th January: “I still see gold landing somewhere between $650…
Read the article“U.S. President-elect Donald Trump’s highly-anticipated press conference failed to offer any details on his much-discussed plans to boost fiscal spending and cut taxes, which saw the U.S. dollar sink and gold rally from…
Read the articleGold and silver continued their rise this week in very light physical trade, though trade in futures was active. From last Friday’s close, gold rose $20 to $1193, and silver by 30c to $16.76 in early European trade this…
Read the articleMalice in Wonderland Recently, I was quietly reading in my armchair, eyes closing and trying to stay awake, and the next moment I was falling down a rabbit hole. After falling into the void, I found myself outside a…
Read the articleGoldmoney Wealth clients have been selling both gold and platinum over the past fortnight, with buying taking place in silver and palladium. “The U.S. dollar retreated from the 14-year high seen prior to the holidays,…
Read the article2017 got off to a good start for precious metals, assisted by a fall in the US dollar. The euro having been under pressure rallied by nearly 3%, bearing in mind it is 40% of the dollar index. At last night’s close, gold…
Read the articleSince August 2014, bank reserves at the Fed have fallen by $646.6bn, while the sum of cash, checking accounts and deposits held by the public has risen by $1990bn. The fiat money quantity i has now breached the $15…
Read the articleBitcoin is more valuable than gold? Introduction The price of Bitcoin seems to have exceeded the price of gold for the first time; however, this comparison is completely arbitrary. Gold is measured in weight, while…
Read the articleThe last trading week of 2016, shortened to only four days with some markets closed an extra day, saw gold and silver rally in quiet trade. Gold gained $26 to open in early morning trade in Europe at $1159, and silver…
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