Ideas and analysis on money, markets and the world around us.
Happy 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…
Read the articleAnother constructive day for the precious metals bulls yesterday, with gold nudging above $1,690 and silver trading at $32 and change. Platinum is mirroring gold, albeit with slightly less volatility at the moment,…
Read the articlePlatinum has been outperforming gold recently. Aside from talk about trillion-dollar platinum coins this is because of the situation in South Africa, the world's largest platinum producing country. The world's largest…
Read the articleThe Gold Money Index, created by James Turk, is a simple but logical formula. It treats central bank gold reserves as international money – the world’s true and only reserve currency, if you will – and compares said…
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