Ideas and analysis on money, markets and the world around us.
Gold prices moved to $1700/ozt a few weeks ago as the market started to price in rate cuts. However, since then, prices have fallen back to below $1500/ozt despite broad market turmoil. We believe this price fall is…
Read the articleAs the metal with the strongest antibiotic qualities it is ironic that the coronavirus pandemic has affected the silver price so harshly. As our headline chart shows, the silver price has collapsed by fully one third…
Read the articleThe unilateral response from governments to the coronavirus is to helicopter money to people and their businesses in unlimited quantities. Their priority is to keep the debt-driven Keynesian show on the road, and policy…
Read the articleAs our headline chart shows, gold and silver prices fell heavily over the week, with silver crashing relative to gold. The gold/silver ratio now stands at 101.5, pretty much a record. Gold was down $97 on the week by…
Read the articleThe Germans – as always – have a word for it: Rohrkrepierer. Literally translated it means “[projectile] that explodes in the barrel before it exits the weapon”. This is a perfect analogy for what happened when the Fed…
Read the articleMarkets are just beginning to latch on to the economic consequences of the coronavirus. Central banks are slashing interest rates and beginning to throw new money into the mix and governments are increasing deficit…
Read the articleOn March 3, 2020, I found myself engaged in a twitter thread with Brent Johnson [1] of Santiago Capital after I had inquired into the merits of a particular investment theory which he has been promulgating over the past…
Read the articleAs it has become tradition, Goldmoney’s leadership team – Roy Sebag, James Turk, Alasdair Macleod and Stefan Wieler – were joined by a special guest, former Member of the European Parliament Godfrey Bloom, to film the…
Read the articleThis was the week when investors began to take the coronavirus seriously as it began to spread across America. Europe had already panicked over Italy, where there are now about 4,000 cases reported and 148 deaths.…
Read the articleThe EU and euro face a sudden deterioration in economic conditions due to the coronavirus, which seems certain to widen the differences between Germany and the spendthrift Mediterranean members. But a more immediate…
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