Ideas and analysis on money, markets and the world around us.
This 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…
Read the articleThis week, clients have been net buying gold whilst net selling silver. Week on week, the volume of orders seen have been lower than last week; however, this could be due to the gold and silver price being stuck in a…
Read the articleGold and silver continued their consolidation phase this week, but the undertone remained firm. Technically, it is fair to assume that both metals are no longer overbought, though aside from Comex releases, this is…
Read the articleIt’s easy to criticise the Fed for its failures, because its successes have been only one in number: kicking the can down the road. But we should spare a thought for the difficulties policy-makers now face. So what…
Read the articleWhat Did J.P. Morgan Mean? The following exchange occurred on December 18, 1912 when J.P. Morgan – the most influential American financier and banker of his time – was called to testify before Congress. Mr Untermyer: I…
Read the articleGold’s Natural Monetary Properties Everything we can touch, feel, breathe or burn is an element or compound. Everything built, manufactured, or invented relies on an inexorable causal relationship commencing with the…
Read the articleLast Friday (5 August) the US dollar jumped on better than expected payroll figures, and spent the first half of this week easing as the excitement wore off, before rallying again yesterday. Gold and silver reflected…
Read the articleThis week, clients have been actively net buying gold and silver, with Goldmoney Wealth seeing an increase in the number and value of orders being placed as clients take advantage of the lower prices seen in the week.…
Read the article