Ideas and analysis on money, markets and the world around us.
Despite recent headlines and a great deal of squawking over hints that the latest FOMC minutes heralded a slight (maybe) signal of more hawkish intentions from the Federal Reserve, January saw US M3 rising to almost…
Read the articleMoody’s announcement late on Friday that it was downgrading the United Kingdom’s credit rating from AAA to Aa1 has had predictable consequences for sterling: the currency sinking to $1.5073, its lowest level since the…
Read the articleOn 20 March George Osborne, the UK’s Chancellor, will present his budget. So far he has made a valiant attempt to cap public sector spending, particularly when compared with other finance ministers who were slow to…
Read the articleGold took a beating on Wednesday, amid media chatter about the mythical notion of tighter monetary policy from the Federal Reserve. Evidence for this appears no more convincing than at anytime since the start of the…
Read the articleGold and silver have stabilised over the last 24 hours, with traders waiting on the release of the latest batch of Federal Reserve minutes – for their 29-30 January Open Market Committee – later today for more…
Read the articleGovernments have refused to accept the necessity of a period of economic re-adjustment following the credit-bubble. The bubble burst about five years ago and economic progress has been effectively suspended ever since.…
Read the articleLast Friday night (European time, 8 February) the Bank Participation Report for 5 February was released. This showed that US banks reduced their net short gold position by 12,886 contracts over the month of January,…
Read the articleAnother tough day for gold yesterday. The metal looks like it could test support at $1,600/oz, depending on the noises coming from governments in the run up to the weekend’s G20 gathering in Moscow. The short-term…
Read the articleThe "cash for gold" – or “cash 4 gold” if you prefer – business has been booming in recent years, but such ventures operating in America are facing the prospect of tighter regulation. This may include requirements to…
Read the articleGold and silver may be struggling for direction at the moment, but palladium continues to move higher: bursting above the $760/oz mark yesterday. Platinum enjoyed a solid up day – though its bullish progress has slowed…
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