Ideas and analysis on money, markets and the world around us.
Not only has the US dollar embarked on a new bear market versus currencies, but the best way to play it is by selling dollars for gold. PBOC actions appear to confirm this view. After gold’s dramatic run to $3500 on…
Read the articleCrude oil priced in gold has reached the second lowest levels in history. This is mainly due to record high gold prices rather than low oil prices. In our view, gold is more efficiently pricing in future dollar…
Read the articleAnti-dollar sentiment is underestimated, and loss of credibility has only just started. A perfect storm is driving gold higher and the dollar down, compounded by systemic issues. In this market report for precious…
Read the articleMeasured in gold, the dollar’s decline is accelerating as foreigners bail out and gold is the go-to refuge. It is a panic on a global scale which looks like only just starting. After last week’s dramatic selloff, gold…
Read the articleTrump’s tariffs are imploding the global credit bubble destroying everyone’s wealth. But the wise will see this as an opportunity to stack the ultimate refuge cheaply — gold and silver. Due to indiscriminate asset…
Read the articleOil prices have dropped to three-year lows amid macro concerns. However, crude and product inventories remain at dangerously low levels while recession driven demand destruction has yet to show itself Brent oil prices…
Read the articleIn generally lacklustre financial markets, the standout winners have been gold and silver. This report looks at the consequences for portfolio reallocations in Q2 2025 and beyond. Gold and silver rose strongly this week…
Read the articleThere is a Comex options contract expiry next week and 240,000 April contracts are yet to be sold, rolled, or stood for delivery. But after this disruption powerful bullish factors will return. Gold rose this week, but…
Read the articleIn this report, we examine technical and market positions for gold and silver, concluding that $3,000 is not a hurdle for gold and that silver has significant catching up yet to do. Gold and silver rose strongly this…
Read the articleEU defence spending plans are driving German, French, and Italian bond yields higher. Japan’s are soaring too. The dollar is sinking: what does it all mean for gold and silver? This week, the end-February decline in…
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