Ideas and analysis on money, markets and the world around us.
Quiet conditions in precious metals belie explosive upside potential, given a government bond market crisis developing in all major currencies. In quiet trading, the current consolidation phase in precious metals…
Read the articleExpectations for Trump’s meeting with Putin in Alaska have been downplayed but diverted attention from a stalling US and global economy. Any independent observer will note that the outlook for the dollar is…
Read the articleLack of physical liquidity is putting a bear squeeze on gold, silver, and platinum group metal derivatives. After a bullish consolidation, gold, silver, and PGMs are set to resume rising. Gold improved on last Friday’s…
Read the articleTrump backing off on copper is hitting all metals. US tariffs are in disarray and are backfiring badly on the US economy and the dollar. The case for gold and silver is even stronger. With Comex’s August contract…
Read the articleTechnical analysis alone points to gold rising rapidly to at least $4300 by year-end. No wonder platinum, copper, palladium, and silver are front-running gold. Gold continued its three-month consolidation this week,…
Read the articleSilver swaps are facing a short squeeze in poor liquidity, with lease rates on the September Comex contract at over 5%. Gold continues to consolidate in a bullish pennant formation. This week, gold continued its…
Read the articleFor the first time in recent trading sessions, overnight demand from Asia drove gold and silver higher this morning. It should be a wake-up call for western bullion markets. Gold was almost unchanged over the week, but…
Read the articleIt’s been a spectacular 2025 for precious metals so far. Will it continue into H2? With fiat currencies losing credibility, the answer is a resounding YES In quiet trading during a week foreshortened by US Independence…
Read the articlePredictably, futures contract expiry is coinciding with precious metals weakness. But it ignores weakness in the dollar, likely to prompt further dollar selling in favour of gold. Another week of universal apathy. It is…
Read the articleThe shorts on Comex took the day off yesterday, being the Juneteenth National Independence Day. But their problems continue nevertheless… In European trade this morning, gold was $3350, down $85 from last Friday, while…
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