Ideas and analysis on money, markets and the world around us.
Gold and silver moved sideways this week in light to moderate trade. In European markets this morning, gold traded at $1847, down $3 from last Friday’s close, and silver at $21.70 was down 20 cents. Sentiment is…
Read the articleWhile markets seem becalmed, financial conditions are rapidly deteriorating. Last week Jamie Dimon of JPMorgan Chase gave the clearest of signals that bank credit is beginning to contract. Russia has consolidated its…
Read the articleAfter a minor sell-off earlier in the week, gold and silver rallied on Wednesday and Thursday. Trading was moderate despite being interrupted by holidays — Memorial Day in the US on Monday and the Queen’s Jubilee…
Read the articleInitiated by monetarists, the debate between an outlook for inflation versus recession intensifies. We appear to be moving on from the stagflation story into outright fears of the consequences of monetary tightening and…
Read the articleCentral bankers’ narratives are falling apart. And faced with unpopularity over rising prices politicians are beginning to question central bank independence. Driven by the groupthink coordinated in the regular meetings…
Read the articleThe sell-off in gold and silver accelerated this week. Gold traded at $1822 in Europe this morning, down $61 from last Friday’s close, and silver at $20.80 was down $1.50. Comex volumes in both contracts were high on…
Read the articleIt is apparent from media commentary that there is considerable misunderstanding over the causes behind rising prices and the consequences for interest rates. There are now signs that the official narrative over these…
Read the articleIn a general flight into the US dollar, this week the yen, euro, and pound weakened while the dollar strengthened. Accordingly, the hedge funds on Comex were selling gold and silver to buy the dollar. And in European…
Read the articleThe chasm between Eurasia and the Western defence groupings (NATO, Five-eyes, AUKUS etc.) is widening rapidly. While media commentary focuses on the visible side of the conflict in Ukraine, the economic and financial…
Read the articleGold and silver had a torrid week, particularly for silver which as our headline chart shows is now marginally down on the year. In European trade this morning gold was at $1915, down $14 on the week after falls the…
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