Ideas and analysis on money, markets and the world around us.
It’s been a spectacular 2025 for precious metals so far. Will it continue into H2? With fiat currencies losing credibility, the answer is a resounding YES In quiet trading during a week foreshortened by US Independence…
Read the articlePredictably, futures contract expiry is coinciding with precious metals weakness. But it ignores weakness in the dollar, likely to prompt further dollar selling in favour of gold. Another week of universal apathy. It is…
Read the articleThe shorts on Comex took the day off yesterday, being the Juneteenth National Independence Day. But their problems continue nevertheless… In European trade this morning, gold was $3350, down $85 from last Friday, while…
Read the articleThe dollar’s trade weighted index just hit multi-year lows. To make things worse, Israel attacked Iran overnight, escalating ME tensions. Comex gold is waking up to the implications Last week, it was silver. This week…
Read the articleFor some time, the behaviour of gold and silver prices has diverged, with silver’s underperformance since 2 April now correcting. This report looks at silver’s price drivers. This week, silver broke out into 12-year…
Read the articleWholesale market operators who rely on being able to roll leases on maturity face the prospect of having to buy back bullion which has simply vanished. In a week when the US Court of International Trade ruled that the…
Read the articleIt’s the best of times for gold; the worst of times for dollars. Led by long-dated JGBs, global government bond markets are wobbling. We can see where this is going… This week saw moderately firmer prices for gold and…
Read the articlePerhaps global economic ills will be put on pause for the summer. But the entire investment world will be looking for the dip to buy the best performing asset of recent months — GOLD In a continuing consolidation, gold…
Read the articleAfter the post-liberation day volatility, all markets seek direction. However, the signs are that the negative trend for equities and bonds, and positive trend for PMs will continue in time. This week, consolidation has…
Read the articleGold consolidates its rise from mid-December. The May Day holiday in China and with much of Europe shut as well, was an opportunity for the Comex shorts to punish the longs. This morning marks the ninth trading session…
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