Ideas and analysis on money, markets and the world around us.
Ahead 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…
Read the articleWill the Sino-Russian partnership introduce gold backing for a trade settlement currency, replacing the dollar? And what would be the consequences for the dollar? The annual BRICS summit in Kazan is rapidly approaching.…
Read the articleThe developing conflict between Israel, Iran, and its proxies is escalating and America is being drawn in. Middle Eastern demand for gold over dollars is only just starting to impact bullion markets. Both gold and…
Read the articleStagnating economies together with high government debt loads inevitably create funding crises and debt traps. Nowhere is this problem more destructive than for the fiat dollar. But it’s not just the dollar. Economies…
Read the articleIt has been an excellent week for gold and silver bulls. But is a correction now due, and if so, how deep and for how long? It looks like being severely limited. Gold continued to make new highs this week, today trading…
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