Ideas and analysis on money, markets and the world around us.
There are growing signs that the global economic slowdown is for real. As was the case in 1929, the combination of the peak of the credit cycle coupled with trade protectionism in the Smoot-Hawley Tariff Act are similar…
Read the articleGold and silver consolidated recent rises in the wake of the G20 meeting last weekend, which yielded a partial climbdown by the Americans on Huawei. It was also an opportunity for Presidents Modi, Putin and Xi to…
Read the articleGold and silver consolidated recent gains this week, after last week’s dramatic break-out. On Tuesday, gold spiked up to $1439 and drifted back to $1414 in early European trade this morning (Friday), for a net gain of…
Read the articleAn instinctive free-trader, Boris Johnson, is almost certain to be elected as the next UK Prime Minister. His immediate mission will be to extricate the UK from the EU. If he does that successfully, his next task will…
Read the articleGold has finally broken out of the multi-year base it had been forming, as can be seen on the following chart. When $1,365 was hurdled, goldbugs around the world started rejoicing, having achieved what they had been…
Read the articleThe moment gold bugs have been waiting for happened this week, with gold breaking higher out of its three-year consolidation on the upside. In European trade this morning, gold was up $47 from last Friday’s close at…
Read the articleBased on the findings of our gold price framework, we have long argued that we have entered a new gold cycle. However, until now, there was always the risk that strong economic growth could allow the Fed to raise rates…
Read the articleBehind the scenes, the financial war between America and China is escalating dangerously into a war to secure global financial resources. At a time of growing liquidation of dollar assets by foreigners, the US…
Read the articleGold performed strongly this week, rising $15 from last Friday’s close to trade at $1355 in European morning trade today. Gold’s strong performance is dragging a seemingly reluctant silver up from mid-week lows for a…
Read the articleThis article is a wake-up call for those who do not understand the true purpose of monetary inflation, and do not realise they are the suckers being robbed by monetary policy. With the world facing a deepening…
Read the article