Ideas and analysis on money, markets and the world around us.
Precious metals suffered a torrid week, with silver particularly hard hit. Gold fell from last Friday’s close of $1312 to $1250 at the lowest point yesterday, a fall of 4.7%, and silver fell from $19.16 to $17.11, down…
Read the articleThis week, clients have been net buying gold, silver and palladium whilst selling platinum. We have seen more buying activity since Tuesday as many clients have been bargain hunting after the large drop in price. As the…
Read the articleThe annual Conservative Party conference commenced last Sunday, and the media focus was mostly about the Government’s stance on Brexit. This is hardly surprising, because Mrs May is being secretive, avoiding stoking a…
Read the articleFED talk Introduction Today’s sell off in gold has led to concerns that the >20% year-to-date rally in gold prices could begin to reverse. In our view this is primarily the reaction to renewed expectations that the FED…
Read the articleGold and silver drifted lower over the week, in falls which are commonly accepted to reflect prices being massaged ahead of option expiry on Comex. Gold lost $16 to $1325, and silver, 58 cents to $19.11 in early…
Read the articleThis week, clients have been net selling gold and silver but buying platinum. Goldmoney Wealth’s clients have favoured the Hong Kong and Singapore vaults followed by the Canadian vault this week, with less preference…
Read the articleIt hadn’t happened before, at least not since US presidents started visiting foreign countries after the Second World War. In early September, when President Obama landed at Hangzhoi for the G-20 summit in early…
Read the articleThis week, both the Bank of Japan and the Fed announced their interest rate policies. The BoJ came up with an underpinning of 10-year JGBs at zero yield, and the Fed came up with, well - nothing. Except, the FOMC…
Read the articleThis week, clients have been net buying gold, silver, and platinum, speculating the market by taking advantage of the lower prices during the Fed Meeting on Tuesday and Wednesday. Goldmoney Wealth’s clients have…
Read the articleArguments about sound and unsound money often degenerate into a them-and-us dispute, with the supporters of unsound money casting sound money proponents as impractical out-of-date libertarian weirdos. Supporting one…
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