Ideas and analysis on money, markets and the world around us.
The Greek Gods might be stomping their feet on Mount Olympus, but it appears the precious metals markets are not interested as the greenback retains control. Dealing Manager at online precious metals dealer, GoldMoney,…
Read the articleThis coming Sunday Greece will hold its referendum. The question to be asked is not, as the foreign press initially reported it, about leaving the euro. It is about accepting or rejecting the troika's bail-out terms.…
Read the articleMake no mistake; the Greek crisis is a euro crisis that threatens the solvency of the ECB itself, and therefore confidence in the currency. Before going into why, a few comments on Greece will set the scene. Last…
Read the articleHedge funds and high-frequency traders have finally forced gold into a US dollar loss this year as shown in our introductory chart, but silver is still in positive territory. This week gold declined $29 with a break…
Read the articleIt's been a week where precious metals' prices have been dominated by the conflicting pressures of a stronger US economy and dollar versus a potential Greek exit from the Eurozone. Dealing Manager Kelly-Ann Kearsey…
Read the articleCurrency devaluation is seen by nearly every macro-economist to be the cure for trade deficits. Recently they have recommended it to Greece, arguing for the reintroduction of the drachma so that the Greek economy can…
Read the articleWindow-dressing or the management of prices for a favourable mark-to-market valuation at year-ends, half-years and quarters has long been a distorting feature in financial markets. And, with bank capital adequacy ratios…
Read the articleThis year has seen some big losses develop in the bond markets, though prices have stabilised in recent days. The chart above is of the yield on the lowest investment risk in ten year maturities. Most other 10-year…
Read the articleA busy week on the economic news front has led to a busy week in the precious metals markets. Kelly-Ann Kearsey, Dealing Manager said: 'We've had more buyers than sellers contacting us this week, with gold more popular…
Read the articleGoldMoney customers have had a busy few days with trading volumes up on the previous week. Kelly-Ann Kearsey, Dealing Manager, at the online bullion dealer GoldMoney, said: 'Silver has been the centre of attention for…
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