Ideas and analysis on money, markets and the world around us.
The First World War appeared to come out of nowhere, the assassination of Archduke Ferdinand in 28 June 1914 led to a major war including Austria, Germany, Russia, France, and Britain in only six weeks. Hamas’s…
Read the articleGold and silver prices steadied this week, trying to find a sense of direction. In European trade this morning, gold was $2022, down $7 from last Friday’s close, and silver was $22.92, up 30 cents. Comex turnover was…
Read the articleThis year is likely to see wealth destruction on a massive scale. The reason this is not widely anticipated in financial markets is due to a mistaken belief that interest rates are at their peak and will decline over…
Read the articleFollowing 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…
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