Ideas and analysis on money, markets and the world around us.
The year started with a bang. Gold rose 4.5% and silver 3.8% in the first four days' trading, while equity markets had a torrid time. The dollar was also strong against the other major currencies, and many investment…
Read the articleKelly-Ann Kearsey and Geoffroy Buffetrille, Dealing Managers at GoldMoney, say: This week, clients have favoured the Eastern vaults with most selling being seen in Western vaults. We have seen gold retain its stance…
Read the articleAdvance signs of a global slump in economic activity emerged in 2015. Furthermore, the dollar's strength, coupled with widening credit spreads confirms a global tendency for dollar-denominated debt to contract. These…
Read the articleThe Fed will never succeed in its attempt to manage inflation and unemployment by varying interest rates. This is because it and its economists do not accept the relationship between, on one side, the funds it creates…
Read the articleOn Wednesday, the Federal Reserve Bank raised its Fed Funds Rate target to 0.25%-0.5%, which is the interest rate paid on bank reserves held at the Fed. The rise was widely expected, the Fed having signalled it in…
Read the articleKelly-Ann Kearsey and Geoffroy Buffetrille, Dealing Managers at GoldMoney, say: This week, clients have been selling their precious metals across a varienty of vaults with Singapore proving the most popular for buy…
Read the articleMarkets have been extraordinarily complacent about the bad debts building up in the financial system. In the wake of the Fed's decision to raise interest rates this week, the effect on debt was barely mentioned in the…
Read the articleChange the title of Samuel Beckett's play to substitute the Fed for Godot, and you have a fair description of the tedious market for precious metals this week. After spiking up last Friday under the influence of…
Read the articleWe have seen an increased volatility on the main traded markets following last week’s ECB announcement. While extending the QE for six more months, president Mario Draghi did not expand the size of the program, leaving…
Read the articleThe Indian government made headlines recently with its attempts to obtain possession of the gold held by its citizens. It claims it is in the national interest to restrict gold imports, which would reduce India's trade…
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