Ideas and analysis on money, markets and the world around us.
This week, gold continued to consolidate, while silver moved ahead. This morning, gold was at $1979, up $2 since last Friday’s close, while silver at $23.85 was up 66 cents, for a two week gain of $1.33. Admittedly,…
Read the articleThe theme of this article is debt deflation. How likely is it that the downturn in broad money supply will continue, and if so, why? And what are the consequences? The major central banks have increasingly resorted to…
Read the articleOn July 11, 2008, news broke out that California based IndyMac Bank suddenly failed and was to be shut down by banking regulators. Within minutes, thousands of bank depositors swarmed their local branches. A jarring…
Read the articleOnly a week ago we published a two-part report ( Gold prices reflect a shift in paradigm – Part I , March 15, 2023, and Part II , March 16, 2023) in which we explored the possibility of the gold market’s pricing in a…
Read the articleGold and silver consolidated recent gains before rallying to test higher ground. In European morning trade, gold was $1992, up a net $4 from last Friday’s close. Silver outperformed gold at $23.15, up 55 cents. Open…
Read the articleWe are all now aware that the global banking system is extremely fragile. Driving bank failures is contracting credit, which in turn drives interest rates higher. Though it is not generally appreciated, central banks…
Read the articleLast weekend saw the failure of three banks in the US: Silver Valley, Signature, and Silvergate. Gold rallied to $1931 in European trade this morning, up $68 from last Friday’s close and up $118 in just seven trading…
Read the articleIn the first part of this report, we highlighted that observed gold prices have significantly detached from our model-predicted prices. While this has happened in the past, prices always converged eventually. However,…
Read the articleFollowing the day-to-day twists and turns of a banking crisis can make us lose sight of the bigger picture. It is tempting to think that the banking authorities are in control, and they will secure the integrity of…
Read the articleOur proprietary gold price model has done a very good job tracking gold prices since we introduced it to our readers for the first time in 2016. As we have explained before, the intent of our gold price model is not to…
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