Ideas and analysis on money, markets and the world around us.
By early morning trade in the European time zone today, gold and silver were hardly changed on the week, with gold unchanged at $1729, and silver up 10 cents at $17.49. Trading in both metals was generally quiet,…
Read the articleDollar-denominated financial markets appeared to suffer a dramatic change on or about the 23 March. This article examines the possibility that it marks the beginning of the end for the Fed’s dollar. At this stage of an…
Read the articleGold and silver followed different paths this week, with gold rising $53 from last Friday’s close to trade at $1735 in morning trade in Europe. Meanwhile, silver fell slightly on balance by 2 cents to trade at $17.65.…
Read the articleThe doyenne of MMT, Stephanie Kelton, has published a book this week explaining modern monetary theory. This article examines the foundations of MMT which Kelton explained in an earlier video released last year. [i]…
Read the articleGold and silver suffered small losses on the week in subdued trading. In European trade this morning gold was at $1707, down $22 from last Friday’s close, and silver at $17.68, down 18 cents. Gold has been trading…
Read the articleThis article examines the prospects for silver, which has been overlooked in favour of gold. Due to the economic and monetary consequences of the coronavirus lockdowns and the earlier turning of the credit cycle, there…
Read the articleGold and silver consolidated this week, trading in a tight range. From last Friday’s close, gold eased $9 to $1725 in early morning trade in Europe. On the same timescale silver rose 27 cents to $17.47. The difference…
Read the articleThis article debunks the misconception that GDP represents economic health. It explains how monetary flows have led to markets in financial assets inflating while non-financials in the GDP bucket are in deep distress.…
Read the articleGold consolidated recent gains this week, losing $3 from last Friday’s close to trade at $1738 in early European trade this morning. On the same timescale silver was up 50 cents at $17.09, 50 cents below its peak on…
Read the articleFew mainstream commentators understand the seriousness of the economic and monetary situation. from a V-shaped rapid return to normality towards a more prolonged recovery phase. The fact that a liquidity crisis…
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