Ideas and analysis on money, markets and the world around us.
We are accustomed to looking at Europe’s woes in a purely financial context. This is a mistake, because it misses the real reasons why the EU will fail and not survive the next financial crisis. We normally survive…
Read the articleThe end of August saw an options expiry plus a month-end, both factors leading to lower prices. But despite the Labor Day holiday on Monday, which kept trade quiet this week, precious metal prices rose strongly, before…
Read the articleThis week, clients have been net buying gold and silver, taking advantage of the lower prices due to the FOMC announcement last Friday. Week on week, we have continued to see a high volume of orders including higher…
Read the articleFeudal and mercantilist economic systems were characterised by the lower orders of ordinary people being enslaved by, or subjected to, the commands of an elite. Beyond basic subsistence, serfs and slaves were not…
Read the articleTaking advantage of low volumes and volatility, the bullion banks have been able to close more of their shorts in gold and silver. By early European trading this morning (Friday) gold fell by a net $8 to $1312 over the…
Read the articleThis week, clients have been net buying gold and silver, taking advantage of the lower prices due to the FOMC announcement last Friday. Week on week, we have continued to see a high volume of orders including higher…
Read the articleTwo weeks ago I pointed out that the Fed is seemingly unaware of early signs of price inflation. You can read the article here . The Fed is clearly ignoring the coincidental rise in USD LIBOR and the growth in bank…
Read the articleThis week, clients have been net buying gold and silver. Week on week, the volume of orders seen have been higher than last week; this will most likely be due to the lower pricing of precious metals ahead of the FOMC…
Read the articlePrecious metal prices traded lower this week in lacklustre trading, until Wednesday, when someone sold 10,000 gold contracts on Comex. Before that event, the silver price had been hit hard, though Open Interest remained…
Read the articleThere are so many things wrong with GDP, that even mainstream economists are becoming vaguely aware of its shortcomings. A good friend drew my attention to a Bloomberg article on this subject, which at least shows a…
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