Ideas and analysis on money, markets and the world around us.
A 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…
Read the articleGold and silver sold off this week, with gold falling $28 from last Friday’s close to trade at $1873 in European trade this morning. Silver lost $1.25 over the same period to trade at $23.34. Prices came under pressure…
Read the articleThis is the third in a series of articles focused on the outlook for major currencies. The first concluded that the US dollar is already on the path of monetary hyperinflation. The second concluded that the euro system…
Read the articleIn quiet trading this week, gold rose $12 from last Friday’s close to $1911 in morning trading in the European time zone, and silver rose 70 cents to $24.82 over the same period. A mid-week rally took both metals…
Read the articleThe Eurozone is bust. The deterioration of TARGET2 imbalances have been hardly noticed, but in recent months it has been alarming. Despite official denials over the years that it is a matter of concern, it is…
Read the articleGold and silver lost most of last Friday’s strong rally during Monday and Tuesday before recovering some of their losses subsequently. In European morning trading today, gold was at $1909, down $20 from last Friday’s…
Read the articleDefinition: Hyperinflation is the condition whereby monetary authorities accelerate the expansion of the quantity of money to the point where it proves impossible for them to regain control. It ends when the state’s…
Read the articleGold and silver continue to consolidate in a narrow range this week, with gold up $16 on balance at $1914 in morning London trade, and silver up 26 cents at $24.27 in the same timeframe. Comex volumes were light to…
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