Ideas and analysis on money, markets and the world around us.
After a torrid Monday and Tuesday when gold tested the $1200 level and silver $14.00, precious metals rallied to close up on the week by early trade European-time this morning (Friday to Friday). Gold is up a net $6 at…
Read the articleWe are all too familiar with established views rejecting change. It has nothing to do with the facts. Officialdom’s mind is often firmly closed to all reason on the big issues. To appreciate why we must understand the…
Read the articlePrecious metals were lower in quiet trade this week, which was dominated by the mid-term elections and a strong dollar. Gold was down $12 from last Friday’s close at $1220 in early European morning trade today (Friday)…
Read the articleWe are getting ahead of ourselves here. Gold does not circulate as money – yet. It might never do so. Perhaps the end of government currency, fiat money imposed on us by government laws, may never be replaced by what…
Read the articleAside from a sharp dip on Wednesday, gold and silver have ended up more or less unchanged on the week. Gold was $1231, and silver up slightly at $14.78 at midday European time this morning (Friday). There is a firm…
Read the articleThe next credit crisis poses a major challenge to China’s manufacturing-based economy, because higher global and yuan interest rates are bound to have a devastating effect on Chinese business models and foreign consumer…
Read the articleThe bear squeeze continues, with the gold price now looking to break out of a bullish rising wedge pattern. Today (Friday), in early morning trade London time, gold was trading at $1237, up $11 from last Friday’s close.…
Read the articleI have had a request from Mrs Macleod to write down in simple terms what on earth is going on in the world, and why is it that I think gold is so important in this context. She-who-must-be-obeyed does not fully share my…
Read the articleGold consolidated its recent upward move this week. From last Friday’s close, it was unchanged at $1227 in early European trade this morning (Friday). Silver was down cents at $14.62. The last Commitment of Traders…
Read the articleUntil the 1970s, all recorded history showed that bond yields were tied to the general price level, not the rate of price inflation as commonly believed. However, since then, the statistics say this is no longer the…
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