Ideas and analysis on money, markets and the world around us.
This week, gold and silver consolidated a recovery from oversold conditions that, in gold’s case, have never been seen before. In early European trade this morning, gold traded at $1206, unchanged on the week, while…
Read the articleWe appear to be at a turning point not only for the dollar, but for all commodity markets, including precious metals, as well. The dollar has yet to reflect properly the enormous monetary expansion of recent years, and…
Read the articleIn the third part of this report we are putting our gold price framework to use. Having identified longer-dated energy prices and real-interest rate expectations as the main drivers for gold prices, we conclude that…
Read the articleAt last, a short-term bottom for gold and silver seems to be forming. This week saw a sharp bounce from record oversold levels, followed by a mid-week pause. In early European trade this morning (Friday), gold was up a…
Read the articleMost people are aware that historically there have been speculative bubbles. Some of them can even name a few – the South Sea bubble, tulips, and more recently dot-coms. Some historians can go even further, quoting the…
Read the articleGold and silver prices crashed this week as financial money flowed into the dollar. Gold was down $35 from last Friday’s close to trade at $1178in early European trade this morning (Friday), and silver was down 60 cents…
Read the articleThis week’s collapse of the Turkish lira has dominated the headlines, and it is widely reported that this and other emerging market currencies are in trouble because of the withdrawal of dollar liquidity. There are huge…
Read the articleGold and silver continued recent weakness, with prices stuck in a narrow trading range. Gold Was down $5 in European trade this morning (Friday) from the previous Friday’s close at $1210. Silver is up six cents over the…
Read the articleWhile there is no starting-pistol that tells us the final phase of the credit cycle leading into the next credit crisis has actually begun, nearly all the signs point to it being the case for the US economy. There are…
Read the articleGold and silver lost further ground this week, as the dollar rallied back above the 95 level on its trade weighted index. As our headline chart shows, both metals have made a clear break below the important low…
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