Ideas and analysis on money, markets and the world around us.
It has been a good week for gold on the worldwide markets, although GoldMoney customers have been indulging in a spot of speculation and profit taking. Kelly-Ann Kearsey, Dealing Manager at online precious metals…
Read the articleStatistics have become very misleading: in particular we are being badly misled into believing that the US is teetering on the edge of price deflation, because the US official rate of inflation is barely positive, a…
Read the articleThe US dollar continued to lose ground this week, contributing to a firmer trend for precious metals. Gold rose over $40 to $1223, and silver by $1.13 to $17.45, though prices initially opened a little lower in early…
Read the articleIt has been a very interesting week for gold's fortunes with mixed news coming from the USA, and even mainstream analysts beginning to get nervous about where the world's economy is heading. Head of Dealing and…
Read the articleWhen interest rates are zero and it costs a bank to look after your money it becomes an unattractive asset. Banks in some jurisdictions (such as Switzerland, Denmark and Sweden) are even charging customers interest on…
Read the articleThe prices of gold and silver initially rallied this week from the lows of $1170 and $15.93 respectively last Friday to challenge the $1200 level for gold and $16.70 for silver on Wednesday, before losing about half…
Read the articleThe appeal of gold as a safe-haven is beginning to resurge, after weeks in which the improving economic conditions in the US have dented prices. A complicated international picture looks likely to support gold prices,…
Read the articleThere is an unwarranted assumption that market prices are always right, and represent "fair value". In the case of commodities, particularly metals, this is not necessarily true, because regulated financial markets make…
Read the articleThis week started with a sharp bear squeeze, which took gold from $1178 to $1214, and silver from $15.70 to $16.71. These higher prices on Wednesday proved to be the peak for both metals, before they fell back sharply…
Read the articleUnexpected improvement in US economic fortunes have dented gold prices over the last seven days, with news of unemployment dropping by a surprising 34,000 leading buyers away from safe haven investments. The late shift…
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