Ideas and analysis on money, markets and the world around us.
Overnight 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…
Read the article“The west declared a war against us… And now we are going to distribute nuclear weapons to anyone who can use it against the west” — Aleksandr Dugin The reaction in Russian government circles to the cluster bomb attack…
Read the articleA new wave of Asian demand could be beginning to drive gold and silver. Traders will be watching for signs of overnight demand returning ahead of London’s morning fix. Gold and silver had a better week, with gold at…
Read the articleThe intensification of conflict between the western alliance and the Asian hegemons is speeding up. America and NATO have lost control, and their fate is now in the hands of Russia and China. A number of disparate…
Read the articleGold and silver steadied this week, at the lower end of their current trading ranges. In European trade this morning, gold was $2317, up $22, while silver was $29.07, down 8 cents. Comex volumes in gold were low, while…
Read the articleMonetary authorities and domestic users do not understand the true relationship between their fiat currency, the threats to its purchasing power, and the relationship with gold. It’s now increasingly assumed that the US…
Read the articleDespite continuing efforts by the paper establishment in western capital markets to shake out weak gold and silver holders, they are being swamped by Chinese demand. This week has seen underlying firmness in gold and…
Read the articleBRICS and the SCO have agreed to replace dollars with national currencies for trade settlement. This article shows how it is leading to the renminbi becoming the reserve currency for members. The background There is…
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