Silver stars
After a powerful up-move last week, this week gold had a minor correction. Silver’s upward momentum continued through to Wednesday before it ticked off the top. In European trade this morning gold traded at $2168, down…
Read the articleA wider perspective.
Ideas and analysis on money, markets and the world around us.
The looming global property crisis
As collateral securing credit, tangible property values are the underpinning of credit upon which a modern economy depends. If there are serious credit problems in the private sector, they usually radiate from property.…
Read the articlePrecious metal ratios and recessions
The ratios of gold to other precious metals such as silver platinum and palladium have been increasing over the past year. In the case of platinum, the ratio is near all-time highs. We find that historically gold has…
Read the articleGold — Catch it if you can
Gold and silver surged this week on a sudden increase in demand. In European trade this morning, gold was $2167, a new record and up $85 from last Friday’s close, while silver at $24.49 was up $1.18. Comex volumes in…
Read the articleCan bitcoin act as money?
Since 24 January, bitcoin has risen 65% and gold rose about 7% priced in US dollars. Before gold began its current successful but relatively modest leap into new high ground, there is little doubt that hedge funds and…
Read the articleMassive Comex deliveries
In price terms, all was quiet for gold this week, but yesterday saw a ten-dollar rise. In European trading this morning, gold was $2047, up $16 from last Friday’s close, while silver at $22.62 was down 22 cents. Comex…
Read the articleThe threat to currencies from banking failures
This article points out the dangers to the value of credit from a rickety global banking system. This will almost certainly become the primary driver in the gold to credit relationship, replacing the so far relatively…
Read the articleA tale of two markets
In subdued trading, gold was little changed on the week, while silver eased. In European trade this morning, gold was $2019, up $4 from last Friday, while silver was $22.64, down 77 cents. Comex volume in gold was low,…
Read the articleKeynesian credit creation meets its Armageddon
Few commentators are aware that the dynamics leading to an inevitable collapse of credit are increasing. When these dynamics begin to unfurl, there is bound to be a global rush out of fiat credit into gold. This is why…
Read the articleMassive bear squeeze likely in gold
This week, gold dipped below the $2000 level before rallying, and silver reflected a traditional bear squeeze. In European trade this morning gold was $2005, after testing the $1985 level, down $19 net from last…
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