Ideas and analysis on money, markets and the world around us.
After last week’s extreme volatility gold and silver consolidated this week, with gold down $10 on balance at $1933 this morning, European time, and silver was up 65 cents at $27.05. The position with silver is tricky…
Read the articleMany central banks are researching retail digital currencies, which if implemented, would allow them to issue a new currency directly to the public, managed on a centralised ledger bypassing commercial banks. While…
Read the articleAs our headline chart illustrates, gold and silver suffered sharp falls this week, though in yesterday’s trading (Thursday) prices staged a partial recovery. In morning trade in Europe today, gold was trading at $1947,…
Read the articleDownturns in bank credit expansion always lead to systemic problems. We are on the edge of such a downturn, which thanks to everyone’s focus on the coronavirus, is unexpected. We can now identify 23 March as the date…
Read the articleGold and silver saw strong price rises this week, with gold up $85 from last Friday’s close at $2060 in morning trade in the European time zone. But the star of the week has been silver, which rose $4.00 to $28.38 over…
Read the articleThere appears to be no way out for the bullion banks deteriorating $53bn short gold futures positions ($38bn net) on Comex. An earlier attempt between January and March to regain control over paper gold markets has…
Read the articleAfter last week’s spectacular run, gold and silver continued their rise until Tuesday, before consolidating. Gold tested $1980 territory, which is a new all-time high, while silver spiked as high as $26.20. This…
Read the articleIntroduction The Euro Crisis Monitor (above) shows the increasing imbalances in the TARGET2 settlement system between all its members: the ECB (itself with a €145bn deficit) and the national central banks in the…
Read the articleGold and silver appeared to defy gravity this week, rising strongly. From last Friday’s close, gold rose $89 to trade at $1895 in European trade this morning, while silver rose $3.27 to $22.57, having peaked at $23.20.…
Read the articleThis article summarises why the credit cycle leads to alternate booms and slumps. It is only with this in mind that they can be properly understood as current economic conditions evolve. The reader is taken through…
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