Ideas and analysis on money, markets and the world around us.
Gold and silver drifted lower over the course of the week, with a challenge to the $1200 level for gold becoming a distinct possibility. Silver is struggling to hold $18.50. Mainstream opinion has been negative for…
Read the articleLast year markets behaved nervously on rumours that QE3 would be tapered; this year we have lived with the fact. It turned out that there has been little or no damage to markets, with bond yields at historic lows and…
Read the articleYou'd think that the US dollar has suddenly become strong, and the chart below of the other three major currencies confirms it. The US dollar is the risk-free currency for international accounting, because it is the…
Read the articlePrecious metals have had to endure a week of gathering dollar strength, which is at least partly the result of problems specific to the euro, yen and sterling. The result is gold has fallen a further $30 over the week,…
Read the articleWith gold at a seven-month low the precious metals market saw selling across the board this week. Kelly-Ann Kearsey, Dealing Manager at the online precious metals trader, said, 'Our customers were profit taking this…
Read the articleIn a radio interview recently* I was asked a question to which I could not easily give a satisfactory reply: if the gold market is rigged, why does it matter? I have no problem delivering a comprehensive answer based on…
Read the articleGold and silver had a bad week, with gold falling $25 to a low of $1262 by the Comex close yesterday, and silver by $0.50. This morning UK-time prices opened a little better on overnight physical demand, no doubt…
Read the articleWhilst the overall market has been focusing on Palladium amid geopolitical tension, for a second week in a row customers at GoldMoney have been taking advantage of the falling silver price. Dealing Manager at the online…
Read the articleIn recent months talking heads, disappointed with the lack of economic recovery, have turned their attention to wages. If only wages could grow, they say, there would be more demand for goods and services: without wage…
Read the articleThe pattern of trading in precious metals changed for the better this week. After London's bank holiday on Monday, for the first time in a long time the market opened in London's pre-market with higher prices. This…
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