Ideas and analysis on money, markets and the world around us.
Gold 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…
Read the articleGold 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 articleThis 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 articleAfter 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 articleThis 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 article