Ideas and analysis on money, markets and the world around us.
It seems that America's Commodity Futures Trading Commission (CFTC) is discussing internally the possibility that gold and silver is being manipulated at the London fixings. This is according to The Wall Street Journal…
Read the articleJapanese Prime Minister Shinzo Abe has only been in power for a few months. But in that time he is made it clear that his campaign platform of unprecedented monetary stimulus was no empty promise. Despite a pledge by…
Read the articleYesterday, for the first time in March, the gold price broke through its short-term ceiling of $1,585 and approached the $1,600 mark, while silver moved back above $29. During a press conference concerning the…
Read the articleThe quantity theory of money and its accompanying equation of exchange are generally accepted as defining the relationship between money and prices. The equation has been expressed a number of ways, always including…
Read the articleSome stability returned to precious metals this week, with gold rising $14 from $1,564 at last Friday’s low to Friday morning, London time, and silver rising $0.65 from $28. Predictably – on the back of recent falls in…
Read the articleStocks markets have hit record (nominal) levels in the last few days, amid the on-going torrent of central bank currency injections into the banking system. Month-on-month changes in the US M3 money supply continue to…
Read the articleOn Comex, last week’s Commitment of Traders Report for gold showed Managed Funds (mostly hedge funds) with record shorts. However, they became very skittish – some changing their minds on a mini-bear squeeze in both…
Read the articleSterling is once again front and centre of market attention today – and again, not in a good way: tumbling by nearly 1% against the dollar following news of an unexpected contraction in UK manufacturing last month. The…
Read the articleJames Turk discusses the macro environment with a focus on Europe with Beurs Magazine. Since last summer the euro has been on the rise. Is that a trend you see continuing going forward? JT: It’s hard to predict the…
Read the articleMarkets have been roiled over the last 48 hours by the three B’s: Berlusconi, Bernanke and Boehner. The indecisive Italian election outcome and the strength of the anti-austerity vote has many traders thinking that the…
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