Ideas and analysis on money, markets and the world around us.
Last week I drew attention to the ubiquity of technical analysts chasing gold's downtrend in paper markets while blind to the extraordinary events in the physical market. As of this week this is no longer true, with one…
Read the articleA Banker for All Seasons Part III: John Exter's Detailed Predictions of the Global Financial Crisis and the End of the Fiat Dollar Standard This is the third in a series of essays on the life and works of the late John…
Read the articleThe relationship between gold and commodities is essentially a simple one. If you look at long-term charts of oil priced in gold for example, you find that they have been more constant than oil priced in paper…
Read the articleThis week has been very uncomfortable for long-term gold investors. Trading in derivative markets has become thin, as evidenced by sustained intraday periods of little price movement, with a tendency to drift lower.…
Read the articleThere is considerable disagreement about Chinese gold demand, with delivery figures on the Shanghai Gold Exchange and import/export figures for Hong Kong suggesting the real totals are far higher than those published by…
Read the articleBased on the monthly figures to 1st October recently released by the St Louis Fed, FMQ jumped $227bn in September to $12,176bn. This puts it $4,819bn and 65% over the long-term exponential trend established between 1960…
Read the articleZerohedge recently drew attention to the growing level of foreign bank cash deposits , tucked away at the bottom of the Fed's H.8 statement. Foreign banks' cash balances have increased by $518.7bn since September 2012,…
Read the articleGold started on Monday with a continuation of last Friday's fall, bottoming out on Tuesday at $1261 in US trading. From then on the price rallied to close $25 higher at $1287 on Thursday. Sentiment for gold and silver…
Read the articleWhat are the advantages of holding real gold over currency and 'paper' gold in a portfolio? Martyn White, Head of European Business Development at GoldMoney, explains. Read the complete article in Wealth Management…
Read the articleGold and silver hardly moved beyond a one per cent range all week until the ECB sprung on markets a surprise interest rate cut on Thursday. According to a Bloomberg poll only three economists expected it and sixty-seven…
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