Ideas and analysis on money, markets and the world around us.
This week, gold rose slightly on balance, while silver maintained its climb out of a deep pit. In early-morning European trade today (Friday) gold was trading at $1199, up $7 from last Friday’s close. Silver was…
Read the articleThis article exposes the false economic concepts behind GDP, which is only the visible tip of a large iceberg of economic deceit. Describing an increase in GDP as economic growth owes its meagre validity to imprecise…
Read the articleThis week, as was widely expected, the Fed raised it Fed Funds Rate by 0.25% to a target range of 2 to 2.5 per cent. Gold lost $18 following the announcement by yesterday’s close, having traded sideways on Monday and…
Read the articleLast thing I remember, I was Running for the door I had to find the passage back to the place where I was before “Relax” said the night man, “We are programmed to receive. You can check out any time you like, But you…
Read the articleThe rally from recent lows continued, with gold up $14 from last Friday’s close in mid-morning European trade today (Friday) at $1208. Over the same timescale, silver gained 34 cents to $14.40. Both metals remain…
Read the articleWe are following the road to perdition There is increasing awareness that another financial crisis is in the offing, and, of course, everyone has an opinion as to what will trigger it and what form it will take. But…
Read the articleGold and silver were on hold this week, as paper markets in precious metals simply moved sideways. Gold recovered $10 from last Friday’s close by early morning European trade today (Friday) at $1206. Silver was up four…
Read the articleIntroduction and summary It is now possible to pencil in how the next credit crisis is likely to develop. At its centre is an overvalued dollar over-owned by foreigners, puffed up on speculative flows driven by interest…
Read the articleIn a trading week shortened by North America’s Labor Day, gold continued its recent consolidation, while silver weakened towards its recent lows. In early European trading this morning, gold was unchanged from last…
Read the articleMembers of the American libertarian movement, particularly extremist preppers, are often associated with a belief that a complete breakdown in society is the only outcome from government economic policies and will lead…
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