Ideas and analysis on money, markets and the world around us.
It 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…
Read the articleIndia has a history of gold ownership, spurred by long-term experience of a weak rupee. Only a fool leaves rupees on deposit, because they usually buy less and less every year. Alternative stores of value, such as…
Read the articleThe gold price moved sideways for most of the week, capped at just under $1,340, before challenging support at the $1,300 level on Thursday night UK time, after a day when US Treasuries fell heavily on a bullish…
Read the articleIn an interview on 8 July in King World News I noted how gold that day had slipped into backwardation. Since then I have read a lot of commentary on various websites about backwardation, which made clear to me that this…
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