A wider perspective.

Ideas and analysis on money, markets and the world around us.

Recession is now the story

Equity markets recovered some poise this week, allowing gold to stabilise. But how will they behave next week, and how will gold and silver be affected? This week, gold consolidated, showing remarkable price resilience,…

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Fools’ gold and gold

Credit is beginning to implode, starting with equities. Investors are wavering, not knowing where to go for safety. Bitcoin? It corelates with tech stocks. The public have been fooled. Introduction Last weekend, I put…

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Asian demand returns for gold

When prices rise overnight, or they rise into London’s morning fix we know that China and possibly India are buying again. This week has been a tale of diversity, with gold close to challenging new high ground, but…

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The Bezmenov legacy

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…

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Equity crash fuelling liquidation

A 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…

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Backing off the highs

This 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…

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Inflation and the Fed’s monetary policy

Jay 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…

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Gold and underlying physical demand

Gold 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…

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Why all financial markets will crash

It’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…

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