Ideas and analysis on money, markets and the world around us.
In a continuing cold war, America is already on the back foot. We have yet to see how long it will be before the Biden administration realises its few victories will be unaffordably Pyrrhic, and by merely not responding…
Read the articleEquity markets have relentlessly rallied over the past 12 months, pushing valuations to extreme levels based on traditional metrics. In this report, we analyze the two common arguments by equity bulls why this time is…
Read the articleGold and silver were quietly firm this week, with gold trading at $1738 in European morning trade, up $10 from last Friday’s close, and silver at $26.02, up 12 cents on the same time scale. Unspectacular perhaps, but…
Read the articleThe European Commission is failing. Its response to Brexit and the pandemic, where it is now threatening emergency powers in order to secure vaccines is a latest throw of the political dice. Even before this development…
Read the articleGold and silver rallied this week from very oversold levels, before declining from mid-week highs. In European trade this morning, gold was at $1704, having touched $1740 early on Thursday morning for a net gain of only…
Read the articlePresident Biden has now had his $1.9 trillion stimulus package passed into law, and it will not be the last in the current fiscal year. Covid is not over and is sure to resurge with new variants next winter. But even…
Read the articleThe relentless rally in equity markets has pushed valuations to extreme levels based on traditional metrics. In this report, we analyze the two common arguments made by equity bulls on why this time is different and…
Read the articleGold and silver prices continued to decline this week, with gold falling $37 to $1696, and silver down $1.32 to $25.27 in European morning trade today. A notable feature is the continuing decline in Comex open interest…
Read the articleI can prove anything with statistics, except the truth -- Lord Canning, c. 1819 Does Canning’s aphorism still hold true, given that data collection and statistical analysis have progressed beyond all recognition in the…
Read the articleAfter a strong performance on Monday, gold and silver prices traded lower as the March contracts on Comex expired. By this morning’s trading in the European time zone gold had lost a net $17 from last Friday’s close at…
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