Ideas and analysis on money, markets and the world around us.
Stalling inflation, Trump’s $2k stimmies, Japan and China stimulating, and the tech bubble bursting. It’s short-term uncertainty for gold, but it’s all part of fiat’s road to ruin. Gold and silver marked time this week,…
Read the articleIt’s now China’s vaults running short on gold and silver. But European ETF profit-taking is providing some minor supply, giving the London market temporary relief. The resilience of precious metal prices was…
Read the articleMost goldbugs believe that they face months of price consolidation. Evidence is mounting that the correction is over and that profit-takers are wrong to be on the sidelines. This market report looks at the evidence…
Read the articleDespite recent weakness in gold and silver, the early indications are that the current consolidation phase is unlikely to last long before prices resume their uptrend. It may be too early to conclude that after the…
Read the articleNervousness in precious metals is not going to stop the gold and silver bull market. Underweight portfolios are beginning to drive prices through ETF accumulation. This week, Friday’s selloff continued with both gold…
Read the articleThe question facing dealers in precious metals is whether gold, silver, and PGMs have become Giffin goods. If so, further rises will create new demand with sellers retreating. Gold and silver have had a rip-roaring week…
Read the articleMarkets are desperately short of physical gold and silver, reflected in a continuing bear squeeze. Speculative interest remains subdued, with ETF physical demand growing. As our headline chart below shows, as of last…
Read the articleComex is effectively the largest gold and silver mine, with stand for deliveries a source for bullion. The conversion of paper gold and silver into bullion is now conspicuous. It cannot last. As our headline chart…
Read the articleOur headline chart shows silver storming ahead amid reports of backwardations and soaring lease rates. Will it continue, and will gold be next? Driven by poor liquidity, in Europe this morning silver was $45.03, up…
Read the articleHooray for an interest rate cut and to hell with inflation! But there are some weird happenings in Comex futures, particularly a large short position in the gold contract. In this market report, we draw attention to…
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