Ideas and analysis on money, markets and the world around us.
This 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.…
Read the articleThis article looks at our current economic condition from the viewpoint of classical economics. It is now 87 years since classical economics were dismissed by John Maynard Keynes in his “General Theory of Employment,…
Read the articleGold and Silver prices continue to show remarkable strength despite strong headwinds from both real-interest rate expectations and realized real-interest rates. Inflation as reported through the CPI (Consumer Price…
Read the articleGold and silver continued their consolidation this week, with gold down $17 from last Friday’s close at $1986 in European trading this morning. And over the same timescale, silver was down 24 cents at $25.07. On Comex,…
Read the articleThis article looks at the factors behind the growing rejection of the dollar for trade settlement purposes by non-aligned nations around the world. They no longer fear political or economic reprisals from America. The…
Read the articleGold and silver had a positive week, with prices rising strongly. In European trade this morning, gold was $2038, up $30 from last Thursday’s close (Friday was Good Friday), and silver was $25.95, up 100 cents. Silver’s…
Read the articleIncreasing numbers of national governments are abandoning the US sphere of influence. Opportunities from trade with Asia compare favourably with rising currency and banking risks in a dollar-centric world. Against an…
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