Ideas and analysis on money, markets and the world around us.
Gold and silver consolidated their recent gains this week, with gold up $7 at $1292.50 in European morning trade today (Friday), and silver unchanged at $15.70. As I pointed out last week there is notional supply of…
Read the articleAfter two decades, the euro’s minders look set to drive the Eurozone into deep trouble. December was the last month of the ECB’s monthly purchases of government debt. A softening global economy will increase government…
Read the articleGold and silver rallied in a quiet week which straddled the year-end. Gold rose $11 by morning trade in Europe from last Friday’s close to $1292, and silver by 30 cents to $15.70 over the same time frame. This week’s…
Read the articleThis article looks at prospective supply and demand factors for financial assets in the New Year and beyond. Investors should take into account money flowing into and out of financial assets as well as stock flows,…
Read the articleGold and silver continued to rally this week in thin trade, interrupted by the Christmas holiday, with some markets shut on 26 December as well. Gold gained $21 from last Friday’s close to trade at $1276.50 in early…
Read the articleThose of us who closely follow the credit cycle should not be surprised by the current slide in equity markets. It was going to happen anyway. The timing had recently become apparent as well, and in early August I was…
Read the articleGold broke above the $1250 supply level on Wednesday ahead of the Fed’s interest rate rise this week but was then sold down on the announcement. However, on the following day gold rose to a peak $1266 before Comex…
Read the articleLife’s but a walking shadow, a poor player who struts and frets his hour upon the stage and then is heard no more. -Macbeth Our limited time, our brief candle as Shakespeare’s Macbeth had it earlier in the soliloquy…
Read the articleComex volumes for gold and silver have dropped off significantly this week, almost as if Christmas trading arrived early this year. The dwindling band of bulls suffered minor pain, with gold drifted $10 lower from last…
Read the articleThis article is an overview of the principal factors likely to drive the gold price in 2019. It looks at the global factors that have developed in 2018 for both gold and the dollar, how geopolitics are likely to evolve,…
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