Ideas and analysis on money, markets and the world around us.
Gold and silver showed little change on the week, with gold trading at $1932 in Europe this morning, up $8 from last Friday, and silver at $24.66, up 5 cents. In the first week of the new quarter, Comex turnover for…
Read the articleWe will look back at current events and realise that they marked the change from a dollar-based global economy underwritten by financial assets to commodity-backed currencies. We face a change from collateral being…
Read the articleGold and silver drifted lower on balance this week, seemingly caught in limbo while traders tried to make sense of news developments. In Europe this morning, gold traded at $1935, down $22 from last Friday’s close, and…
Read the articleCommentators are trying to make sense of Russian moves. However, there is a back story which differs from much of the speculation, which this article addresses. The Russians have not put the rouble on some sort of gold…
Read the articleBrent crude oil prices rallied $100/bbl since the lows in 2020. This reflects very tight fundamentals, where petroleum inventories are at extremely low levels relative to consumption and supply is struggling. The war in…
Read the articleFollowing the recent sell-off gold and silver rallied this week, with gold trading at $1957 in European trade this morning, up $36 since last Friday, and silver was at $25.67, up 75 cents on the same timescale. Trading…
Read the articleRising interest rates threaten to destabilise both financial asset values and the fiat currencies in which they are priced. This outcome is feared by the chattering classes who increasingly speculate about currency…
Read the articleAfter commodities peaked last week and subsequently sold off, this week saw a continuation of falling prices before steadying on Wednesday. Gold settled at $1834 in early morning European trade today (Friday), down $54…
Read the articleAfter fifty-one years from the end of the Bretton Woods Agreement, the system of fiat currencies appears to be moving towards a crisis point for the US dollar as the international currency. The battle over global…
Read the articleAs commodity prices responded to developments in Ukraine, precious metals rallied strongly before a general consolidation developed across all markets. After hitting a high of $2070 on Tuesday, gold backed off to trade…
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