Ideas and analysis on money, markets and the world around us.
This 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…
Read the articleAfter the excitement last week, when silver suddenly enjoyed a bear squeeze briefly pushing it into $17.30 territory, gold and silver returned to their humdrum consolidation phase. This week, gold fell $17 to trade at…
Read the articleThe debates about Brexit and President Trump’s trade machinations have demonstrated the blindness of otherwise intelligent people to the Law of Comparative Advantage. Let me attempt a contemporary definition: “The Law…
Read the articleHaving performed indifferently since the price fell in late January, the silver price suddenly broke out of its torpor with a 45-cent rise on Wednesday and peaked intraday yesterday at $17.36. Gold is still confined…
Read the articleSince the advent of nineteenth century socialism, politicians and economists in the centre ground have argued for a balanced approach, where vital services are provided by the state, and capitalism is left to provide…
Read the articleSilver prices are trading almost 25% below the values predicted by our price model. This is the largest downside deviation we have seen in over 25 years. We believe this is the result of massive short selling in the…
Read the articleAfter inching better on Monday and Tuesday, gold and silver finally made a break for it on Wednesday in good volume on Comex, with gold peaking at $1365 intraday, and silver at $16.87. Those of us watching gold’s…
Read the article“Naïve inflationism demands an increase in the quantity of money without suspecting that this will diminish the purchasing power of the money.” ― Ludwig von mises, The Theory of Money and Credit It is hardly surprising…
Read the articleOver the week, gold and silver ended up little changed, having rallied strongly on Monday, and drifted thereafter. Gold was unchanged from last Friday’s close to stand at $1325 in early European trade this morning, and…
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