Ideas and analysis on money, markets and the world around us.
The dramatic sell-off of the last few weeks ended on Monday morning when gold spiked down to an intraday low of $1765 (silver $21.90). But in morning trading today in the European time zone gold was at $1843, up $56…
Read the articleIt is beginning to be obvious that global economic woes extend beyond covid lockdowns and that monetary inflation for the dollar, as the common foundation for other fiat currencies whose issuers face similar problems,…
Read the articleI One must always be careful to distinguish between a truism , a claim or narrative which is so deeply embedded into the fabric of cultural understanding that it is taken to be an indisputable historical fact, and truth…
Read the articleGold fell to new post-August lows this week and silver, while being more volatile, held its level above the late September selloff. Volumes on Monday and Tuesday were high. By early morning trade in the European time…
Read the articleThis article posits that fiat currencies are on the path to hyperinflation and looks at the evidence in the prices of financial assets and commodities. So far, gold has notably underperformed, which indicates that the…
Read the articleGold and silver drifted lower this week in quiet trading. Gold lost $21 from last Friday’s close to trade at $1867 in European morning trade today, and silver drifted 46 cents lower to trade at $24.20 on the same…
Read the articleGold and silver prices were smashed last Monday, when it was announced that Pfizer had produced a drug that was 90% successful in treating covid-19. Wall Street soared with the Dow up 1,500 points at the opening, and…
Read the articleA considered reflection of current events leads to only one conclusion, and that is accelerating inflation of the dollar’s money supply is firmly on the path to destroying the dollar’s purchasing power — completely.…
Read the articleGold and silver broke out from a three-month consolidation in an extraordinary week, which saw a political muddle in America: at the time of writing, the presidential election was still unresolved. By morning trade in…
Read the articleIn all the economic mayhem ahead, no one is yet thinking of the consequences for trade imbalances. The twin deficit hypothesis informs us that skyrocketing US budget deficits will lead to increasing trade deficits, a…
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