Ideas and analysis on money, markets and the world around us.
In an extraordinary week of turmoil in global bond markets, gold and silver rallied. In European trade this morning, gold was at $1672, up $28 from last Friday’s close. And silver at $19.16 is up 31 cents. The big news…
Read the articleFollowing the new Kwarteng/Truss economic policies revealed in last week’s mini budget, the widespread condemnation is a reflex Keynesian response from a world which has become hostage to erroneous economic and monetary…
Read the articleGold and silver consolidated this week against a background of a rising dollar on the foreign exchanges. In Europe this morning, gold traded at $1661, down $12 from last Friday’s close, and silver at $19.40 was down 14…
Read the articleIn our lifetimes, we have not seen anything like the developing economic and financial crisis. Rising interest rates are way, way behind reflecting where they should be. Interest rates have yet to discount the…
Read the articleIt was a mixed week for precious metals, starting with a promising rally and a bear squeeze particularly noticeable in silver, before the dollar benefited from a renewed flight out of euros, yen and pounds.…
Read the articleMoney supply took off during covid lockdowns. It is now about to take off again to pay everyone’s energy bills. But that is not all. Demands for currency and credit to be conjured out of thin air to pay for everything…
Read the articleAfter a weak start, gold and silver are ending this week on a firmer note. This is particularly noticeable in silver, which rose 70 cents from last Friday’s close to trade at $18.81 in early morning European trade…
Read the articleThe financial war between Russia with China’s tacit backing on one side, and America and her NATO allies on the other has escalated rapidly. It appears that President Putin was thinking several steps ahead when he…
Read the articleGold and silver prices fell further this week as traders assessed increasing evidence that central bank interest rate policy is likely to drive major economies into deepening recession, potentially undermining commodity…
Read the articleThe disruption of global supply chains is seen to be a temporary problem yet to be resolved, but there are good reasons to believe it is now permanent. Following the end of the cold war against China and the foundation…
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