Ideas and analysis on money, markets and the world around us.
The 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…
Read the articleDollar strength continued to be the overriding feature of markets this week, and in common with the majority of commodities, precious metals were correspondingly weak.Gold and silver are now 11% and 10% down on the year…
Read the articleThis week has seen net selling across all the metals, with the exception of platinum which has continued to the be the metal of choice this week. GoldMoney's Asian vaults continued to be the most popular vault of choice…
Read the articleOne can understand the Fed's frustration over the failure of its interest rate policy, and its desire to escape the zero bound. However, since the FOMC has all but said it will increase rates at its December meeting,…
Read the article