Ideas and analysis on money, markets and the world around us.
One of the world's largest online precious metals trading platforms, GoldMoney, has experienced the biggest gold buying spree from its customers since last summer. GoldMoney's Head of Dealing, Roland Khounlivong said:…
Read the articleThe second tapering reduction, a further $10bn per month, was announced this week. It was we are told by the news channels fully expected. This is probably the initial reason why US Treasury prices rose on the news,…
Read the articleThanks to the Fed's tapering, a wider public is becoming aware of currency instability in diverse economies, from Turkey to Argentina, and India to Indonesia. Indeed, on Tuesday night Turkey raised overnight interest…
Read the articleThis week has seen some large sell orders among gold and silver customers of GoldMoney looking to cash in their profit; but with more small buyers entering the market, the online precious metals platform has still…
Read the articleIt transpired last week that of the 43-odd tonnes per annum the Bundesbank expects to be returned from the New York Fed only 5 tonnes arrived in 2013. Furthermore, of the 373.7 tonnes stored with the Banque de France…
Read the articleBy December, the most recent month for which statistics are available, the US dollar Fiat Money Quantity (FMQ) had grown to $12.48 trillion. This is $5.05 trillion more than if it had grown in line with the established…
Read the articleAlmost unnoticed, Open Interest in gold futures has taken off spectacularly, increasing by over 35,000 contracts since the beginning of the month, which is shown in the following chart. As a general rule of thumb, an…
Read the articleA number of readers and bloggers have recently suggested there must be collusion between America and China over the transfer of physical gold from Western capital markets. They assume that governments know what they are…
Read the articleBefore looking at the year ahead, it is useful to look back at the year just passed. This adage is particularly true now because little has changed. Three major markets – stocks, bonds and gold – will again be driven…
Read the articleGold and silver prices fell from early highs this week of over $1240 and $20.20 respectively to find good support at $1220 and $19.40. The first hit on the gold price was on Monday, when a large sale order drove the…
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