Ideas and analysis on money, markets and the world around us.
Gold and silver sold off this week, and as shown in our headline chart, have lost nearly all the gains made since the last major turning point on 11 December 2017. Gold at its low yesterday was within $9 of that low,…
Read the articleTo understand the consequences of the credit cycle, we must dismiss pure opinion, and examine the evidence rationally. This article assesses the fate of the dollar on the next credit crisis, a subject of increasing…
Read the articleGold and silver fell heavily on good Comex volumes last Friday and continued to drift lower over the course of this week. From last Friday’s close, gold is down a further $10 at $1270 in morning trade in New York, and…
Read the articleThe Western media was incredulous. The Donald had disregarded diplomacy, scuttled out of the G7 meeting in Canada without endorsing the G7 agreement, and ended up shaking hands with a previously avowed enemy in…
Read the articleOn Wednesday, the Federal Open Markets Committee raised the Fed Funds Rate to a target of between 1.755 and 2% and raised its expectation of an average rate for 2019 from 2.9% to 3.1%. Chairman Powell described the US…
Read the articleRegular readers of Goldmoney’s Insights should be aware by now that the cycle of business activity is fuelled by monetary policy, and that the periodic booms and slumps experienced since monetary policy has been used in…
Read the articleBase metals have perked up this week, which on top of earlier rises places copper up 5% in the last thirty days. Lead is up 10%, zinc is up 5% in the last month and nickel is up 40% in the last six months. These…
Read the articleThe EU as a political construction is in a state of terminal decay. We know this for one reason and one reason alone: its core principle is the state is superior to its people. A system of government can only work over…
Read the articleGold and silver range-traded this week with no discernible direction. By early European trade this morning (Friday) gold had drifted $2 dollars lower to trade at $1399.5, and silver 3 cents lower at $16.45. On Comex,…
Read the articleThere is a quiet revolution taking place in the monetary vacuum that’s developing on the back of the erosion of the dollar’s hegemony. It is perhaps too early to call what’s happening to the dollar the beginning of its…
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