Ideas and analysis on money, markets and the world around us.
Strong dollar and rising UST yields are destabilising GBP, EUR, JPY, and their bond markets. These are the precursor of a global debt crisis — the ideal setup for higher gold prices next year. Gold and silver declined…
Read the articleIn the last ten trading sessions on Comex, 62 tonnes of gold have been stood for delivery, and 1,303 tonnes of silver. What does this tell us? It was a week of two halves for gold and silver prices: rising strongly…
Read the articleThere is an underlying firmness in precious metals prices as we approach the year-end. The downside now appears limited with next year looking bullish. Gold consolidated in a narrow trading range this week, while silver…
Read the articleEvidence is mounting that the dollar’s recent strength has been a temporary phenomenon, which is positive for gold and silver. Gold and silver were in consolidating mode this Thanksgiving week following sharp falls on…
Read the articleA bear squeeze in progress for gold is set to drive prices higher. A catch up could prove explosive for silver, which is being left behind. Gold and silver diverged this week, with gold rallying strongly following the…
Read the articleThe return of the carry trade is creating a dollar illusion. But rising US Treasury yields are threatening to destabilise the entire global credit system, ultimately for the benefit of physical gold. Against a…
Read the articleTrump’s win turned out to be a surprise for all markets and an opportunity for bullion banks to book substantial trading profits on the bear tack. But first reactions to shocks are often wrong. Gold and silver were hit…
Read the articleAhead of next week’s US presidential election, traders are naturally reducing their positions to wait-and-see Gold hit a new record high this week, while silver failed to challenge its recent high of $34.80 on 22…
Read the articleThe history of money and credit is that the separation of the two always ends in the destruction of credit. We appear to be edging close to that event again. “While it is the duty of the citizen to support the state, it…
Read the articleConsolidation for gold and silver is timely, given recent unprecedented performance. But is it sensible to lock in some profits? This week, against a background of the BRICS summit in Kazan gold and silver paused,…
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