Ideas and analysis on money, markets and the world around us.
After the sharp falls of last week, gold and silver trended sideways to slightly up this week in tight trading ranges and light turnover. By morning trading in the European time zone today, gold had recovered $20 from…
Read the article“The Fed finds itself between a rock and a hard place: either it keeps inflating or the whole confidence-based valuation of financial assets collapses. Either it raises interest rates or the dollar collapses.” There has…
Read the articleThis week saw a massive sell-off, sparked by three factors: the approaching half-year end, the FOMC admitting that inflation may become a problem (but they still don’t think so), and the implementation of the Basel 3…
Read the articleYesterday, the FOMC released its June statement which only served to remind us that its members are powerless in the face of inflationary conditions. They refuse to accept the price consequences of monetary inflation,…
Read the articleLooking at our introductory chart, it seems bizarre that in a year when the US dollar M1 money supply is growing at 15% annualised (since 1 January), with interest rates still supressed at the zero bound and with the…
Read the articleThis article examines the relevance of technical analysis to today’s financial markets. Its genesis springs from two branches, Dow theory and the Elliott wave principal. Originally, Dow theory sprang from an attempt to…
Read the articleAll was going swimmingly for gold and silver until yesterday (Thursday), when gold took a $37 hit and silver was thumped by 70 cents. Consequently, by morning trade in Europe today gold had lost $32 to $1870, and silver…
Read the articleGold and silver continued to rally this week, with gold challenging the $1900 level and silver $28. From last Friday’s close, gold rose a net $12 to trade at $1892 in European trading this morning, and silver by 16…
Read the articleThere is an established theoretical relationship between bonds and equities which provides a framework for the future performance of financial assets. It would be a mistake to ignore it, ahead of the forthcoming rise in…
Read the articleGold and silver had a better week, with an exceptionally strong Monday. Gold continued with a daily incremental improvement, but silver fell back from an enthusiastic spike to $28.75 on Tuesday to drift lower…
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