Ideas and analysis on money, markets and the world around us.
Last 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…
Read the articleUS equity markets seem ripe for a significant pullback, or even a severe bear market, with bond yields unlikely to fall much before rising again. If so, how will it play out for gold? The Fed’s 50 basis point cut in its…
Read the articleAfter a bullish performance last week which took gold to new highs, will it hold on to them, or is a correction overdue? Read on… This week, gold and silver consolidated recent rises with gold trading at $2608 in early…
Read the articleFor years, bulls of gold and silver have complained about how derivatives have been used to suppress their prices. Their dreams of the practice ending could be coming true. Introduction If you think about it, there is a…
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