Ideas and analysis on money, markets and the world around us.
Gold 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…
Read the articleAn inquiry into the monetary fitness of bitcoin relative to gold INTRODUCTION Since their creation in 2009, novel cryptocurrencies such as bitcoin have been met with skepticism and excitement. In recent years bitcoin…
Read the articleGold consolidated further this week at the $1800 level while silver gained ground in volatile markets. By morning trade in Europe, gold was up $5 from last Friday’s close at $1803. Over the same time-frame silver gained…
Read the articleIn recent articles for Goldmoney I have pointed out the dollar’s vulnerability to a final collapse in its purchasing power. This article focuses on the factors that will determine the future for sterling. Sterling is…
Read the articleGold hit decade highs on Wednesday, trading as high as $1818.5 on the spot market, and $1829.8 on the Comex August contract. Silver spiked to $19 spot and $19.45 for the active September contract. Since then,…
Read the articleSo far, the current economic situation, together with the response by major governments, compares with the run-in to the depression of the 1930s. Yet to come in the repetitious credit cycle is the collapse in financial…
Read the articleWe are all used to the bullion banks covering their shorts on Comex by waiting until the speculators are over-bullish and vulnerable to mark-downs that trigger their stops. Algorithmic traders go from long to short in a…
Read the articleAfter hitting new eight-year highs on Tuesday gold backed off. By morning trade in Europe today, gold was up $4 on the week at $1775 having traded at $1789, and silver up 24 cents at $17.99 having traded at $18.44. The…
Read the articleWith stockmarkets barely ruffled, few are thinking beyond the very short-term and they are mostly guessing anyway. Other than possibly the very short-term as we emerge from lockdowns, the economic situation is actually…
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