Ideas and analysis on money, markets and the world around us.
Currencies are debased during and after wars, because government spending goes through the roof not just due to defence spending but also because of the economic consequences. Financial markets, particularly in North…
Read the articleOver the last six months, gold and silver are barely changed. Investors are losing patience. It’s time to stand back and examine the big picture and ignore short-term sentiment. As our introductory chart shows, gold and…
Read the articleAs China buys up the bullion, the relevance of paper markets on Comex (and London) is shrinking. Liquidity and relevance of paper gold and silver relative to bullion are diminishing. This market report analyses why open…
Read the articleForeigners increasingly distrust the dollar, which is why central banks, the ultimate insiders are selling them for gold. The decline in the $ has not been noticed by Americans — yet. The chart above prices the dollar,…
Read the articleThe febrile condition of all asset markets headed by rising G7 bond yields is leading to uncertainty for gold and silver prices. One last sell-off is a golden opportunity for stackers. For the first half of this week,…
Read the articleNotably in silver, bear squeeze conditions were evident this week. The likelihood of the bull market returning is now strengthened, particularly given gold’s improving prospects. The classic conditions for a bear…
Read the articleWith open interest down to multidecade lows, trading in silver is the risk no one is prepared to take. Market-makers make wide prices and speculators are not prepared to play. Open interest in both gold and silver Comex…
Read the articleAn uneasy silence has descended on gold and silver, but the forces that will drive them higher are mounting. Both metals are being rapidly drained from paper markets. The monthly cycle of Comex contract expiry has come…
Read the articleIn short supply already, anyone can see that demand for gold and silver will increase substantially. Yet markets are worryingly complacent, and it’s not just in precious metals. Surreal hardly describes it. Equities are…
Read the articleThe controversy is now about escalating risk and how to hedge it. Let’s make something clear before addressing this question: regulators train and legislate investment managers into believing that gold is not the way to…
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