Ideas and analysis on money, markets and the world around us.
Over 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…
Read the articleAs the yield on the 10-year US Treasury note soared, gold and silver came under selling pressure this week. But ahead of the weekend, bear closing in precious metals is evident. In European trade this morning, silver…
Read the articleWith the Asian hegemons undoubtedly able to introduce gold standards, where does that leave the dollar? This article describes just how precarious the fiat dollar’s position has become. For now, the dollar appears to be…
Read the articleThe FOMC and the Bank of England surprised markets by not raising interest rates this week as expected. Following the FOMC’s decision, gold and silver fell on the back of its hawkish statement before recovering…
Read the articleAmong the many problems currencies and markets face, there is one which is undocumented: the eurodollar market, which is yet another very large elephant in the room. This article quantifies eurodollars and eurodollar…
Read the articleGold and silver drifted lower this week, before a modest recovery this morning which can be put down to bear closing. In European trading this morning, gold was $1918, unchanged from last Friday’s close after testing…
Read the articleRussia and the Saudis are driving up oil and diesel prices. But these moves are likely to undermine the rouble more than they undermine the dollar, euro, and other major currencies. Therefore, higher energy prices will…
Read the articleGold and silver prices fell this week in light trade, with US markets closed on Monday for Labor Day. In European trade this morning, gold was at $1925, down $15 from last Friday’s close, and silver was at $23.05, down…
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