Ideas and analysis on money, markets and the world around us.
The 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…
Read the articleOver the past few months, gold prices have completely detached from our model-predicted prices. While we have seen deviations between actual and predicted prices in the past, those deviations were always temporary. What…
Read the articleThe sell-off in precious metals continued as bond yields continued to rise and a strong dollar persisted. In early trade in Europe this morning, gold was $1822, down another $26, unchanged on the year. Silver traded at…
Read the articleThis article looks at the collateral side of financial transactions and some significant problems which are already emerging. At a time when there is a veritable tsunami of dollar credit in foreign hands overhanging…
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