Ideas and analysis on money, markets and the world around us.
US M3 growth has ground to a halt in February, dropping to just under $15.1 trillion. The Fear Index has also retreated slightly to 2.78%, while its 21-month moving average remains at 2.99%, perhaps a pause for breath…
Read the articleThe slide in precious metal prices has done much to undermine investor confidence, yet the indications are that demand for the physical metals remains strong. This leads many observers to comment that paper gold and…
Read the articleThe sell-off in precious metals gathered pace this week into what is often called capitulation. Money-managers (hedge funds) cut their long gold positions on Comex by 19,044 contracts in the week to Tuesday, 26 March.…
Read the articleAs said countless times before on this site, QE is permanent. There is no way that central banks like the Fed, Bank of England and others can reverse their expansionary policies or engineer a neat “exit” without tipping…
Read the articlePrecious metals analyst Bill Haynes raised an interesting point recently on King World News. Imagine that in 2005 you told your peers and colleagues about some of the events that we would witness in the next decade.…
Read the articleThe thinking behind GoldMoney’s business model was that there might come a time when prudent savers would want to protect themselves from the twin risks of a global banking crisis and a loss of purchasing power of paper…
Read the articleAlmost certainly prices for goods in Cyprus will rise as a result of its banking crisis, because the imposition of capital controls will restrict imports, leading to supply bottlenecks. In addition residents will no…
Read the articleThe chaos that is Cyprus has mesmerised markets, including for gold and silver. At the time of writing there are signs that markets were beginning to emerge from their hypnotic trance. Bond yields for Greece, Spain and…
Read the articleBanks are reopening in Cyprus today. But with withdrawals limited to €300 and capital controls ensuring that withdrawals of more than €3,000 (or equivalent in other currencies) from the island aren’t allowed, ZeroHedge…
Read the articleThe world second largest economy is more than interesting from a precious metals buyer’s point of view. This is because China is the world’s largest holder of foreign reserves, with $3.3 trillion – far ahead of the…
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