Ideas and analysis on money, markets and the world around us.
The 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…
Read the articleNot only has the US dollar embarked on a new bear market versus currencies, but the best way to play it is by selling dollars for gold. PBOC actions appear to confirm this view. After gold’s dramatic run to $3500 on…
Read the articleCrude oil priced in gold has reached the second lowest levels in history. This is mainly due to record high gold prices rather than low oil prices. In our view, gold is more efficiently pricing in future dollar…
Read the articleAnti-dollar sentiment is underestimated, and loss of credibility has only just started. A perfect storm is driving gold higher and the dollar down, compounded by systemic issues. In this market report for precious…
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