Ideas and analysis on money, markets and the world around us.
Precious metals had a strong performance this week, so much so that yesterday gold soared through the $1308 level, long regarded as the technical point which confirms, once breached, that the bear market is over. Having…
Read the articleThis week, clients have been net selling gold, silver, and platinum. Clients have been speculating on the market conditions with the FOMC statement being released on Wednesday and ahead of the Brexit referendum. Clients…
Read the articleBrexit is not the most important problem facing markets, it is mounting problems in the European banks. But before looking at that systemic issue, I will summarise the Brexit position, from the trenches, in the last few…
Read the articleGold and silver enjoyed a strong recovery in the wake of an atrocious jobs report last Friday. Gold and silver prices were given further upside momentum when Janet Yellen, speaking at the World Affairs Council in…
Read the articleThe British have recently seen two unpleasant examples of the cost of pension fund deficits. A deficit at British Steel, estimated to be about £485m, was followed by a deficit at British Home Stores of £571m. In both…
Read the articleThis week, clients have continued to net buy silver and platinum, whilst net selling gold and palladium. Clients have been taking advantage of the lower pricing of silver and platinum. Silver had experienced lows of…
Read the articleGold and silver prices started the week at a low point, with gold touching $1200. Round numbers such as this can take on an importance for traders. Silver found support at $15.90 before rallying, but on Wednesday,…
Read the articleThis week, clients have continued to net buy silver and platinum, whilst net selling gold and palladium. Clients have been taking advantage of the lower pricing on precious metals, particularly silver and platinum.…
Read the articleGold weakened during May by about $100, from a high point of $1300 to a low of $1200. This, for technical analysts, is entirely within the normal correction zone of a third to two-thirds of the previous rise, which…
Read the articleGold and silver drifted lower this week, dollar prices falling approximately 2.5% and 1.5% respectively. It is a continuation of the previous week’s trend, which saw larger falls. To date, from 1st January the dollar…
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