Ideas and analysis on money, markets and the world around us.
With the active silver contract running off the board and both gold and silver approaching the half-year mark, this week there were strong pressures from the establishment to see lower prices. While 30 June is not here…
Read the articleThis article describes how China can escape the fate of a dollar collapse by tying the yuan to gold. There is little doubt she has access to sufficient gold. Currently, her interest is to preserve the dollar, not…
Read the articleBy 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.…
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