Ideas and analysis on money, markets and the world around us.
Evidence 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,…
Read the articleLast Friday, President Putin ruled out a new BRICS currency for now saying that it is not under consideration, promoting trade settlement in national currencies instead. The idea of a common BRICS gold-backed currency…
Read the articleAhead of the BRICS meeting at Kazan, gold soared to $2700+ this morning. Is a new gold backed trading currency discounted? Do you buy the rumour and sell the fact? Gold and silver continued to rise this week, driven by…
Read the articleGold and silver are now nicely set up for higher prices in the runup to the BRICS summit in eleven days’ time. But after that, will there be profit-taking and a pull-back consolidation? After a sell-off on Wednesday…
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