Ideas and analysis on money, markets and the world around us.
Euro strength continues to astound, especially given the absolute lack of fundamental change or political will to resolve the underlying issues of insolvency, excess debt and chronic deficits in many countries within…
Read the articleThere are key aspects of economics that neo-classical monetarists do not apparently comprehend; the most important, given their job-description, being the relationship between money and prices. They are like motorists…
Read the articleFor the twelfth year in a row, the gold price in terms of US dollars rose in 2012. Gold climbed 7.0%, so an arithmetic average of its annual rate of appreciation for the last 12 years when measured in US dollars is…
Read the articleHappy New Year! 2012 saw yet another year of gains for gold – the twelfth in a row. Silver also recorded gains across all major currencies, in contrast to 2011, when it appreciated against just the Indian rupee across…
Read the articleWednesday afternoon’s Q4 US GDP number was a shock for markets, though less surprising to those of you familiar with our views. Falling business inventories, reduced exports and a 22.5% quarterly drop in defence…
Read the articlePrecious metals and commodities enjoyed another up day yesterday, with steady but unspectacular gains. Global equities are hitting levels not seen for four-and-a half years as investor confidence grows. Sales of Silver…
Read the articleLast year new French president Francois Hollande was elected after campaigning on a socialistic platform that emphasised increasing taxes on the rich. However, he is quickly realising the inherent flaws in the socialist…
Read the articleThe divergence between the bullish action in platinum and palladium and the bearish action in gold and silver continues. Palladium tore through its 12-month high last Friday like a hot knife through butter, while…
Read the articleLast week I wrote about the mess the Bundesbank has found itself in over its gold bullion. But they are not alone: the Dutch, Austrian, Mexican and now even the Swedish central banks are also coming under public…
Read the articleNew data out from the St Louis Federal Reserve confirms that the current post-Q2 2009 “recovery” in the US economy is the weakest on record. ZeroHedge has all the details and more charts . Interestingly, while gains in…
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