Ideas and analysis on money, markets and the world around us.
"There can be little doubt that the introduction of the yuan-denominated oil future has been a major strategic step for China." Regular readers of Goldmoney’s research will be aware that we were among the first to alert…
Read the articleAfter drifting lower earlier this week, gold and silver got a boost from President Trump’s announcement of trade sanctions against China. Gold ended up by a net $25 at $1342 in early European trade this morning (Friday)…
Read the articleAnyone who thinks democracy doesn’t matter may be in for a rude shock later this year, when we know the result of America’s mid-term elections. The Deep State is on course to take control of Congress. If this happens,…
Read the articleAfter barely changing the week before, gold is $5 lower this week from last Friday’s close, to $1320 in early European trade this morning, and silver was 5 cents lower at $16.47. On Comex, silver remains in deeply…
Read the articleThe measure of a man's real character is what he would do if he knew he would never be found out. Lord Macaulay wrote this nearly two hundred years ago. His aphorism is particularly apposite of modern politicians, and…
Read the articleThis week saw an initial rally, followed by a pull-back, leaving gold and silver broadly unchanged from last Friday’s close. Gold was trading at $1319 in early European trade this morning (Friday), down $1 on the week,…
Read the articleAn overt trade war has commenced. President Trump has fired the starting gun, setting in motion an election promise, part of his Make America Great Again undertaking. It is a blow squarely aimed against China, costing…
Read the articleGold and silver sold off this week, with gold falling $11 from last Friday’s close to $1317 in early European trade this morning (Friday), and silver by $0.10 to $16.43 on the same time scale. At one point yesterday,…
Read the articleIn a recent article [i] I postulated that the dollar could lose all its purchasing power with a rapidity that will come as an unpleasant bombshell, even to those who already see inflation as society’s greatest problem…
Read the articleIt is common for financial pundits to categorize gold as just a commodity. It is not. Commodities generally have value only to the extent that they are effectively consumed either directly, or indirectly via various…
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