Ideas and analysis on money, markets and the world around us.
China's recent mini-devaluations had less to do with her mounting economic challenges, and more to do with a statement from the IMF on 4 August, that it was proposing to defer the decision to include the yuan in the SDR…
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 articleThe inevitable economic fears following China's decision to devalue its currency have sent some investors gold hunting this week, although interestingly, Dealing Manager Kelly-Ann Kearsey said more of their customers…
Read the articleInterest rates in the US, Europe and the UK were reduced to close to zero in the wake of the Lehman crisis nearly seven years ago. Initially zero interest rate policy (ZIRP) was a temporary measure to counter the price…
Read the articleGold and silver traded in a tight range this week on low futures volumes. Last Friday the gold price rallied from $1,080 to $1,101, last night it closed at $1,089. Silver also traded in a narrow range though both are…
Read the articleMonday saw gold hit a five year low with even the sell-off in Chinese shares not spurring safe haven buying. Low inflation and the strong dollar continue to dominate says GoldMoney Dealing Manager, Kelly-Ann Kearsey,…
Read the articleWe now have an explanation for Gibson's paradox ( posted here ), a puzzle that has defeated mainstream economists from Fisher to Keynes and Friedman. The best way to illustrate the puzzle is through two charts, the…
Read the articleGold and silver remain close to their lows for the year, discouraged as usual by dollar resilience. Precious metals appear to be in limbo: speculative buyers are discouraged above all by their disappointing performance…
Read the articleThe precious metals bears are still prowling around this week, with relatively little change in prices week on week. However, as Dealing Manager Kelly-Ann Kearsey explains, this week was similar to the last with plenty…
Read the articleAnyone with a nose for markets will tell you that the Chinese government's attempt to rescue the country's stock markets from collapse is far from succeeding. Bubbles collapse, period; and government interventions don't…
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