Ideas and analysis on money, markets and the world around us.
Overall it has been palladium's week with prices rising to their highest level since February 2001. However for customers of GoldMoney, it was silver that shone. GoldMoney Dealing Manager, Kelly-Ann Kearsey, said:…
Read the articleThere will be a defining geopolitical event next month when India, Pakistan, Iran and Mongolia become full members of the Shanghai Cooperation Organisation (SCO). This will increase the population of SCO members to an…
Read the articleGold drifted lower this week, with the price undermined by lack of interest on low volume and a slightly more hawkish tone in the FOMC minutes released on Wednesday. The chart below, of gold and open interest on Comex,…
Read the articleThis week saw profit taking and a sell-off across the precious metals' market, but for the customers of online trader, GoldMoney, it was seen as a chance to buy. Head of Dealing and Settlements, Roland Khounlivong said,…
Read the articleWith continued uncertainty in major markets, James Turk spoke with King World News about what the central planners fear most in the gold and silver markets. Turk also discussed why the price of both metals is now set to…
Read the articleI shall come to this important event later in this market report; but first, our customary look at this week's trading. From Monday through Wednesday the gold price found firm support at the $1305 level before gaining a…
Read the articleAll commodities and near-commodities are priced internationally in dollars, and the dollar is used for over 80% of cross-border trade settlements. Consequently the dollar is the base currency for all countries' foreign…
Read the articleAlthough it's been relatively quiet due to the holiday season, palladium has been the winner this week, while for GoldMoney customers, silver has also outshone its glittering yellow cousin. Dealing Manager at the online…
Read the articlePrecious metals periodically suffer from coordinated bear raids as the commercial shorts try to level their books. That appeared to be the case in recent weeks when the gold price was sold down from $1345 to $1280 last…
Read the articleAt the end of July global equity bull markets had a moment of doubt, falling three or four per cent. In the seven trading days up to 1st August the S&P500 fell 3.8%, and we are not out of the woods yet. At the same time…
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