Ideas and analysis on money, markets and the world around us.
Deficits are mounting in pension obligations. It is a global problem over which pension trustees are helpless. It is also a problem that’s brushed under the carpet, with prospective and current pensioners generally…
Read the articleIt had to happen after a terrific run from early December, so a consolidation in precious metals is hardly a surprise. With gold trading at $1,337 in early European trade this morning (Friday) it is unchanged, and…
Read the articleThe one subject, which became a headline issue last year, and even divides experts is trade. It will become increasingly important in 2018 as the US develops her trade policy, particularly with respect to China, and as…
Read the articleConclusion: US petroleum inventories continued to declined rapidly, particularly Cushing stocks. Net imports are again at extremely low levels despite these draws. We believe this will ultimately have to close the…
Read the articleCoauthored by Josh Crumb & Roy Sebag Goldmoney’s mission is to provide global access to gold for secure savings and transactions, making an extraordinary element useful and empowering again. Technology and progress are…
Read the articleThe first half of the week saw gold and silver consolidate recent gains, which given the sharp rise since early December was only to be expected. However, the upward trend resumed from Wednesday. Gold on the week gained…
Read the articleWe understand our politicians to be human, with much that that implies. In a democracy, politics is a competitive business, which means that generally well-balanced individuals tend to succeed, while those who are…
Read the articleSince gold bottomed at $1237 on 11 December, it has gained 6.5%, and silver 9.5%. In early European trade this morning gold was at $1317.50 and silver at $17.15. Our headline chart has been rebased to the December low…
Read the articleConclusion: US petroleum inventories showed a small counter-seasonal build this week, but crude stocks still drawing relatively fast. We believe this will ultimately lead to a narrowing of the WTI-Brent spread, but we…
Read the articleThis might seem a frivolous question, while the dollar still retains its might, and is universally accepted in preference to other, less stable fiat currencies. However, it is becoming clear, at least to independent…
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