Ideas and analysis on money, markets and the world around us.
Precious 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…
Read the articleThe period of consolidation for gold and silver appeared to have come to a dramatic end yesterday (Thursday) in heavy futures volume, with gold rising $30 and silver by thirty cents. There was more than a touch of bear…
Read the articleWe are on the verge of moving into an era of high interest rates, so markets will behave differently from any time since the early-1980s. There are enough similarities with the post-Bretton Woods era of the 1970s to…
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