Ideas and analysis on money, markets and the world around us.
Investors this week have been trading larger amounts of metal in light of the up-trending gold and silver price channel. Geoffroy Buffetrille, Dealing Manager at GoldMoney, says that gold rallied to a 3½ month high this…
Read the articleGold is money, admittedly not often circulating as such today. Fiat currencies issued by governments have driven gold out of circulation. But where does this leave silver? Money-substitutes, bank notes and bank…
Read the articlePrecious metal prices rose strongly from the low points of last Friday, with silver performing particularly well. Silver is now up 3% on the year, though gold still has a little way to go. This performance has puzzled…
Read the articleInvestors in precious metals have been realising quick profits over the last seven days, as increases in prices across gold, silver, platinum and palladium saw the recent trend of net buying reversed. Kelly-Ann Kearsey,…
Read the articleGold Price Framework Vol. 1: Price Model In this paper, we introduce a model for understanding the short- and medium-term price movements between gold and currency. Solving for gold in US Dollars, we find that the…
Read the articleWith the benefit of hindsight, the two-day devaluation of the yuan in mid-August might have been a masterstroke of strategy. China executed a financial move that appeared to undermine its own position but instead…
Read the articleIn last week's article I pointed out that negative interest rates should lead to a general shift in consumer preferences from money towards essential goods. Central bankers may wish for this outcome on a controlled…
Read the articlePrecious metals staged a good rally this week on bear-closing, triggered by uncertainty behind China's series of mini-devaluations. Gold recovered by 4% before dropping $10 of consolidation yesterday (Thursday). And as…
Read the articleWe think we know that gold is no longer money, because Keynesians and monetarists insist it is so. Furthermore, it has been replaced by government currencies, which we use to buy and sell, do our accounts and pay our…
Read the articleThe remarkable statistic in an unremarkable week was that the ratio of deliverable gold to outstanding Comex gold contracts fell to less than one in two hundred. So long as the holder of an expiring contract has the…
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