Ideas and analysis on money, markets and the world around us.
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 articleThere 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…
Read the articleReflecting a modest recovery in the dollar, precious metals have been sold down in paper markets. In European trade this morning, gold was at $1823, down $42 from last Friday’s close, and silver was at $21.20, down 75…
Read the articleThe consequences of Russia and her Asian allies embracing gold backing for their currencies are poorly understood in western capital markets. This move could lead to the destruction of the global fiat currency system.…
Read the articleLast Thursday and Friday, gold fell nearly $100, and silver by $1.60. This week saw what traders call a dead cat bounce: in other words, there was little recovery from these falls. On the week, gold was down $2unchanged…
Read the articleHow reliable is the link between money supply growth and the economic outlook? Monetarists are warning now that money supply has stopped growing and even turned negative, so we are heading for a recession. This article…
Read the articleAfter trading sideways until Wednesday, gold broke out above its recent consolidation level following the Fed’s 0.25% rate increase on Wednesday. And yesterday morning, gold rose briefly to $1959.7 before falling back…
Read the articleIn the war between the western alliance and the Asian axis, the media focus is on the Ukrainian battlefield. The real war is in currencies, with Russia capable of destroying the dollar. So far, Putin’s actions have been…
Read the articleThis week, gold and silver further consolidated their gains since last September, with gold showing a continuing upward bias. Silver is tracking sideways, as our headline chart shows. In European trade this morning,…
Read the articleWe have confirmation from the highest sources that Russia and the Shanghai Cooperation Organisation (SCO) are considering using gold for pan-Asian trade settlements, fully replacing dollars and euros. In an article…
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