Ideas and analysis on money, markets and the world around us.
This article concludes that the current downturn in bond yields is part of a continuing market manipulation by central banks in order to restore confidence in the global economic outlook. There is a long history of…
Read the articleThe technical position for gold is looking very positive for higher prices. But technical analysis should be backed by fundamentals. To a large extent fundamentals are in the eye of the beholder, whose opinions in any…
Read the articleThis week, gold and silver extended their correction of October’s sharp rise. In European trade this morning, gold was $1953, down $24 from Last Friday, and silver was $22.54, down 66 cents. Comex volume in both…
Read the articleThe Great Game of geopolitics faces a new challenge. The new hotspot is Israel and the Muslim Middle East. Ukraine is all but over, and the US is likely to abandon her to her fate — like Afghanistan. We shall have to…
Read the articleThe writing of this market report was at a time of great volatility, due to it coinciding with the speech of the Hezbollah leader, Hassan Nasrallah. The drift of it appears to be that Hezbollah will support Hamas. If…
Read the articleThe day of reckoning for unproductive credit is in sight. With G7 national finances spiralling out of control, debt traps are being sprung on all of them, with the sole exception of Germany. Malinvestments of the last…
Read the articleThis week, gold and silver went their separate ways, with gold rising and silver falling. In European trade this morning gold was $1985, up $4 from last Friday’s close, while silver was 22.81, down 21 cents. Gold is…
Read the articleThis article defines credit, a subject upon which there is a lack of public knowledge. What people call money is in fact credit, and money itself, which is physical gold without counterparty risk, rarely if ever…
Read the articleThis week, a firmer trend in gold continued as markets realised the seriousness of the deteriorating situation in the Middle East. In European trade this morning, gold traded at $1979, up $46 from last Friday’s close…
Read the articleAn important error in statistical analysis is that mathematical economists have lost sight of what their beloved statistics represent —none more so than with GDP. I explain why GDP is simply the total of accumulating…
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