Banking chaos
Last 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 articleA wider perspective.
Ideas and analysis on money, markets and the world around us.
Gold prices reflect a shift in paradigm - Part II
In 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 articleCredit chaos
Following 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 articleGold prices reflect a shift in paradigm – Part I
Our 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…
Read the articleBears in charge…
Gold and silver traded lower this week, with gold down a net $21 at $1834 in European trade this morning, having dipped as low as $1810 on Wednesday. Silver was hit even harder, down $1.18 at $20.06, having traded as…
Read the articleWhy credit needs a golden anchor
This article examines the relationship between credit and its anchor in value. Today, that anchor is fiat currency, which is both parochial and unstable. Historically, and in law it has always been gold. It is a common…
Read the articleStart of a recovery?
After declining recently, gold and silver steadied this week in oversold conditions. This morning in European trade gold was $1847, up $37 from last Friday’s close, and silver was $21.10, up 50 cents. Turnover on Comex…
Read the articleInterest rates: The silent killer
This article is about why interest rates and bond yields are rising and why they will continue to rise, threatening to undermine the entire western banking system. Rising bond yields are deferring the prospect of a…
Read the articleYield misconceptions
Gold and silver continued to drift lower this week as the dollar continued to consolidate recent falls against other currencies. On the week, gold drifted lower, down $20 from last Friday’s close at $1823 in European…
Read the articleCBDCs — The good, the bad, the ugly
There has been much comment over the likelihood that central bank digital currencies will be introduced. I conclude they are unnecessary — a red herring. But it does allow us to discuss their possible relevance to a new…
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