Ideas and analysis on money, markets and the world around us.
This week has seen somewhat reduced volatility in precious metals, with gold ranging between $1,442 and $1,480 and silver between $23.20 and $24.60. The question we would all like an answer to is having consolidated…
Read the articleThings have cooled off in the gold and silver markets, with the former trading in a range between $1,450 and $1,480, and silver moving between $23 and $24. Both metals sold off early in New York futures trading…
Read the articleThere is a new campaign to end austerity. First, the IMF lets it be known it has second thoughts about it; then we are told the threshold of 90% government debt to GDP which must not be crossed, set by Professors…
Read the articleThe hyperinflation of a currency is typically described as an event, as if one day everything is normal and then the next day hyperinflation is manifest throughout the economy. This description explains, for example,…
Read the articleThis week it transpired that the fall in gold and silver prices achieved the desired effect of shaking some of the bulls out of their positions. This week it transpired that the fall in gold and silver prices achieved…
Read the articleGold and silver have staged a decent comeback over the last couple of days, with gold up by around $40 since Wednesday, while silver yesterday recorded its strongest one-day price gain for 15 months – gaining more than…
Read the articleAfter the white-knuckle ride of the last week and a bit, the gold market appears to have calmed somewhat in recent days. The price is no longer falling by triple-digit amounts in single sessions, or gaining significant…
Read the articleI have found over the span of my 45-year business career that very few axioms remain unchanged over time. What may have been considered as undeniable truths in one decade are often seen as pure folly in the next. One…
Read the articleThe following is a transcript of the "Adam Smith Lecture" I gave at a private gathering in London on 19 February. For a long time governments have been redistributing peoples’ income and wealth in the name of fairness.…
Read the articleThe gold price has corrected sharply over the last couple of trading days – breaking the strong support zone at $1,550-1,525/oz and heading straight for the next significant technical support point at $1,300. The…
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