Ideas and analysis on money, markets and the world around us.
The 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…
Read the articleA consequence of increasing economic intervention by the state is that we are now expected to breed more taxpayers in future and draw down on our state pensions for less time. Our productivity must be improved as well,…
Read the articleThis week, gold and silver continued last Friday’s sell-off. On a net basis, gold was down only $8 from last Friday’s close in European trade this morning at $2008, following last Friday’s $34 decline. Silver was marked…
Read the articleThis article examines the currency imbalances between US dollars and the other currencies and concludes that should foreign holders decide to reduce their dollar exposure, the consequences for its value would be…
Read the articleOn the back of worrying developments in US regional banks, gold and silver performed well this week. This morning in European trade, gold was at $2039 up $53 from last Friday’s close after briefly testing new high…
Read the articleThat America faces a severe banking crisis has become plain to see, but the authorities’ response less so. Almost certainly, the crisis has much further to go in America, spreading to other jurisdictions. We can only…
Read the articleConsolidation of precious metals prices continued this week, with gold unchanged at $1984, and silver down 26 cents at $24.83. Turnover in silver futures on Comex was healthy, while in gold futures it was more modest.…
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