Ideas and analysis on money, markets and the world around us.
For decades goldbugs have bemoaned that paper markets control and suppress gold and silver. Many of them have yet to realise it, but London forwards and Comex futures no longer set the price. It is increasingly set by…
Read the articleThere has been an enormous squeeze on the Comex copper contract, driving it to unheard of premiums against London and Shanghai. Similar conditions could be ahead for silver. Gold and silver continued to rally this week,…
Read the articleFor decades, all G7 nations and more besides have prevented the creative destruction upon which economic progress depends. Whole countries are now zombified. The consequence is soaring, unproductive debt both in public…
Read the articleGold and silver had a better week, with gold up $67 from last Friday’s close at $2369 in European trading this morning, and silver at $28.60 up $2.10 over the same time frame. There was a little more volume in the Comex…
Read the articleDecades of interest rate suppression have resulted in debt traps in both public and private sectors which will destroy faith in fiat currencies. This leads to higher, far higher interest rates and the escape into gold…
Read the articleMassive Comex silver deliveries: does this indicate a scramble for metal? And are the silver short positions spiralling out of control? Gold and silver consolidated this week, with gold testing support at $2300 and…
Read the articleIn conjunction with the LBMA, the World Gold Council is promoting blockchain technology as a means of identifying and tracking the sourcing of gold, its refining, and subsequent ownership. Is this a good idea? Two years…
Read the articleGold and silver prices steadied this week and appear to have found a base. This morning in European trading, gold was $2347, down $45 since last Friday’s close. Silver was $27.70, down a dollar on the same timescale.…
Read the articleNow that short-term funding through Treasury bills must be nearly exhausted, how will the US Treasury fund the budget deficit, running at well over $3 trillion this year? According to the US Treasury, the two largest…
Read the articleOil prices have sold off meaningfully from their recent highs. Brent and WTI crude oil lost $4.51/bbl and $4.89/bbl, respectively, from $91.17/bbl and $86.91/bbl (see Exhibit 1) at the time of writing. Exhibit 1: Oil…
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