Ideas and analysis on money, markets and the world around us.
The increasing number of nations seeking to join BRICS brings geopolitics into the spotlight. At the time of writing, existing members, those who have applied to join and those expressing an interest total 36 nations,…
Read the articleGold and silver fell sharply this week as a number of central banks increased their interest rates, spooking traders who look for short-term profits. In Europe this morning, gold traded at $1917, down $40 from last…
Read the articleIt was Keynes’ offhand dismissal of Say’s law, or the law of the markets, in 1936 which is leading us into an economic and monetary crisis. It was dismissed by him to invent a role for the state. That is why Keynes is…
Read the articleGold and silver ended up little changed on the week after a sell-off in the Far East on Thursday morning, following the Fed’s decision to pause increases in interest rates. In Europe this morning gold was $1964, up $4…
Read the articleGold and silver prices rose from last Friday, defying the naysayers. In European trade this morning, gold was 1962, up $13 on the week, while silver outperformed gold at $24.30, up 75 cents. As our headline chart shows,…
Read the articleIn these dogdays of summer, there is a new complacency over the financial and economic status of the Eurozone. Inflation is down, bank shares have rallied, and the end of further rises in interest rates is in sight. The…
Read the articleThe sell-off for gold and silver during May appears to have come to an end with the expiry of the June Comex contracts. In European trade this morning, gold was trading at $1980, up $36 from last Friday’s close. And…
Read the articleThis article points to the factors driving sterling gilt yields higher. They are likely to lead to a sterling crisis as foreign selling gathers pace of gilts acquired since 2018. Before interest rates began to rise,…
Read the articleGold and silver fell sharply ahead of the Comex June contracts expiry, whose first notice day is next Wednesday. Gold fell $23 from last Friday’s close to trade at $1954 in European trade this morning, and silver was…
Read the articleGold and silver prices declined this week, as the shorts mounted an attack on speculating longs. In Europe this morning, gold was trading at $1865, down $46 from last Friday’s close, and silver was at $23.69, down 25…
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