Ideas and analysis on money, markets and the world around us.
Building on our proprietary energy-proof-of-value gold price framework, we a) present an improved gold price model; b) provide an in-depth analysis of the energy exposure of the cost structure in gold mining and; c)…
Read the articleOn Monday, the recent sell-off halted, with gold testing $1282.5, but silver held well above its lows of last week. By early European trade this morning (Friday), gold was up a net $23 at $1305 from last Friday’s close,…
Read the articleMost of us are aware of the inflationary pressures in the major economies, that so far are proving somewhat latent in the non-financial sector. But some central banks are on the alert as well, notably the Federal…
Read the articleThis week saw gold and silver prices slide, and in the case of gold, concrete support at $1300 was breeched. Silver has held up better, even recovering slightly while gold remained under pressure. In early European…
Read the articleIt is a matter of personal interest that it was my uncle, Iain Macleod, who invented the term stagflation shortly before he was appointed shadow chancellor in 1965 i . It is no longer used in its original context. From…
Read the articleLONG TERM OUTLOOK FOR CRUDE OIL IS INCREASINGLY BULLISH OPECs 2016 shift back to its former strategy has led to a sharp decline in global inventories and a rally in spot prices. It has also reintroduced the problem that…
Read the articleGold and silver refuse to sink below their established lower consolidation levels, despite dollar strength. As can be seen in our headline chart, silver has enjoyed a decent bounce since 1 May, and gold has held firm at…
Read the articleIt seems extraordinary that in defiance of all factual history and philosophical knowledge anyone should celebrate the bicentenary of the birth of Karl Marx. More than anyone, through wrong-headed ideas, he bears…
Read the articleThis week, gold and silver traded lower ahead of the FOMC minutes released on Wednesday. As widely expected, there was no change in the target for the Fed Funds Rate, which will probably be raised a quarter point in…
Read the articleArtificial intelligence (AI) is seen as both a boon and a threat. It uses our personal data to influence our lives without us realising it. It is used by social media to draw our attention to things we are interested in…
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