A wider perspective.

Ideas and analysis on money, markets and the world around us.

Guessing the future without Say’s law

Or some reflections to read over the Easter holidays With Japanese and Eurozone interest rates becoming increasingly negative, and the Fed backing off from at least some of the planned increases in the Fed funds rate…

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Market Report: FOMC backs off

Precious metal prices eased ahead of this week's 2-day FOMC meeting, which ended on Wednesday. Gold had drifted $30 lower before recovering it all in a matter of minutes on Wednesday afternoon EST, after the rate…

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The ECB and John Law

Last week, the ECB extended its monetary madness, pushing deposit rates further into negative figures. It is extending quantitative easing from sovereign debt into non-financial investment grade bonds, while increasing…

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Inflection Points

Inflection Points Introduction Gold prices are up between 13% and 23% year-to-date in the major currencies. However, this upward trend started long before the recent price rally. In fact, in a majority of currencies,…

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Market Report: Gold breaks out

Despite a sharp run-up over the last two months, gold's consolidation of previous strength has been a three-week sideways affair. Gold's price started the week at $1260 and as of this morning (Friday 0800 London time)…

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Gold is the only sound money

This article notes that the technical situation for the gold price has sharply improved, to the evident surprise of many mainstream analysts. It discusses possible reasons behind the turnaround, and implications for the…

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Market Report: Up, up and away!

Gold has had a good week, breaking out from a consolidation pattern, and heading into new high ground for this year. Silver, which has been left behind, appears to be merely pulled along in gold's wake. As of early this…

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