Ideas and analysis on money, markets and the world around us.
It's been a week of selling across the precious metals this week with silver living up to its volatile reputation. For the previous two weeks GoldMoney customers had been buying silver, but this week they abandoned it…
Read the articleWith the Dow still trading above 17,000 and the U.S. Dollar Index holding near 85, James Turk sent King World News two shocking charts that expose the stunning collapse which has taken place in the United States. Turk…
Read the articleThis week saw a continuation of last week's sell-off in gold as prices fell to an eight month low. GoldMoney customers sold the yellow metal, but Kelly-Ann Kearsey, Dealing Manager at the online precious metals trader,…
Read the articleGold 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…
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