Ideas and analysis on money, markets and the world around us.
The consolidation from the end-August peaks for gold and silver continued this week. After last Friday’s sell-off, both metals rallied on Monday and Tuesday, before sinking to under $1370 for gold and $23.15 for silver…
Read the articleGold and silver consolidated this week, following an explosive $30 rise for gold ($1.20 for silver) last Friday. In precious metals markets there has been a change in sentiment from extreme bearishness to “don’t know”.…
Read the articleThere is increasing evidence that money is migrating from purely financial into economic activities. Business and retailer surveys all point in this direction. GDP forecasts are cautiously being revised upwards. While…
Read the articleIt has been a week of consolidation for precious metals, having started with gold at $1,380 and silver at $23.20, ending at similar levels this morning. The consolidation has been rather shallow, no more than 25% of the…
Read the articleIn my last article I concluded there are all the signs of money moving from purely financial activities into assets such as residential property. Conventional thinking is on the lines that we are seeing yet another…
Read the articleIt has been quite a week for gold and silver, with gold extending its rally from the 7th August low of $1272 to highs of $1370 and silver from $19.12 to $23.15 in Asian trading last night. The market seemed to be on the…
Read the articleMany think that interest rates will increase sometime leading to a significant fall in all asset prices. A version of this logic casts all markets as being overdue a collapse. Another school of opinion rides the wave…
Read the articleGold and silver prices declined during the first half of the week with gold falling $70 to a low of $1,274 on Wednesday morning. The $1,300 level was seen as support that failed spectacularly, and it was this that has…
Read the articleA BANKER FOR ALL SEASONS, PART II: John Exter's Views on Financial Crises, Money Demand and the 'Exter Pyramid' This is the second in a series of essays discussing the life, times and monetary theories of the late John…
Read the articleThere is some evidence in the UK of a pick-up in consumer spending, probably echoed elsewhere. There are two likely factors behind this, the first perhaps being seasonal, aided by the fine weather. The second is less…
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