Ideas and analysis on money, markets and the world around us.
Were the collapse in western morality and the denial of plain facts the result of a KGB plot? Yuri Alexandrovich Bezmenov explained that it was indeed planned by the KGB. In 1984 KGB defector Yuri Alexandrovich Bezmenov…
Read the articleA global equity crisis is leading at the margin to liquidation of speculative long positions in gold and silver futures. It looks like a crisis just starting. After declines in gold and silver prices in the second half…
Read the articleIf elected President, Donald Trump promises to reverse US policy withdrawing from foreign affairs and dropping Biden’s climate change agenda. Expect the Deep State to do what it can to stop him. Introduction Middle…
Read the articleThis week saw profit-taking in gold and silver, no doubt encouraged by bullion banks whose short positions doubtless became extremely uncomfortable. After a strong start to the week, profit-taking set in, driving gold…
Read the articleJay Powell has signalled that inflation is moving sustainably towards the Fed’s 2% target and that the jobs market has cooled down. Hopes for an interest rate cut are rising, but the Fed is being misled badly… The…
Read the articleGold is rising to challenge all-time highs, with Open Interest on Comex soaring faster than ever seen before. It reflects a physical liquidity crisis. After a volatile week so far, gold and silver opened lower this…
Read the articleIt’s all about credit. Demand to fund rising government deficits and keep zombie corporations alive will drive up interest rates. This article explains the consequences for currencies and financial values. It’s all…
Read the articleOvernight gold demand from China appears to have returned. Will it follow through? As evident in our headline chart, silver had a better week while gold steadied, seemingly well underwritten at current levels. Gold…
Read the articleI was recently asked by one of my Substack subscribers to explain why the use of interest rates in an attempt to manage inflation does not work. It is simply not the true function of interest rates. Primarily, an…
Read the articleChinese buying unwound into yesterday’s London morning fix? This week, gold and silver suffered a significant markdown on Tuesday and Wednesday as Comex contracts ran into the month end expirations with the additional…
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