Ideas and analysis on money, markets and the world around us.
Following last week’s brief rally, gold and silver declined this week. In Europe this morning, gold traded at $2028, down $20 from last Friday’s close. And silver was $22.78, down 30 cents over the same timescale. Comex…
Read the articleImbalances in the global fiat credit system are enormous, with foreign ownership of dollars overhanging both foreign exchanges and securities markets. Meanwhile, Keynesian and monetarist hopes that lower interest rates…
Read the articleGold and silver continued their recent consolidation, as US Treasury yields firmed, and the dollar’s trade-weighted index recovered slightly. In European trade this morning gold was $2046, up $3 from last Friday’s…
Read the article2024 is a year of elections, the most important being that of America. If Trump is elected in 2025, it will be back to trade protectionism and Make America Great Again. This article explains the likely consequences by…
Read the articleGold and silver prices eased this week over the New Year break during which markets were closed. Turnover was subdued. In European morning trade, gold was $2038, down $24 from last Friday, and silver $22.95, down a…
Read the article2024 will see a quickening pace for geopolitical developments, with the influence of the US waning while that of China and Russia waxes. As a lost cause, the war in Ukraine will be abandoned by America and NATO in the…
Read the articleThe risk at the year-end is that the establishment manages gold prices lower to favour their short positions. There is no evidence yet of this occurring for gold, though it appears to be true for silver. In a Sherlock…
Read the articleTo market observers, gold appears ready to break into new high ground measured in all the major currencies. In fact, it is the currencies’ collapse in their values, rather than gold rising. Appreciating this distinction…
Read the articleWith Comex volumes dwindling to a trickle, traders in gold and silver markets are shutting down ahead of the Christmas break. In quiet markets this week, gold and silver drifted higher in tight liquidity. In European…
Read the articleSurely, it is now apparent that central banks are guilty of mismanaging the economy. By slashing interest rates to zero and in some cases to an unnatural minus figure, then flooding financial systems with…
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