Ideas and analysis on money, markets and the world around us.
Now that gold has become overbought on Comex, the price is vulnerable to being trashed, yet again, by the too-big-to-fail banks. It is a familiar operation in gold futures markets, where speculators buying contracts…
Read the articleConclusion: The weekly DOE statistics are heavily impacted by the aftermath of hurricane Harvey in this weeks stats and will remain impacted for a few weeks. This weeks inventory build in crude was less than the market…
Read the articleAs can be seen in our headline chart, gold and silver powered ahead further this week, and appeared to be undergoing a rerating. Gold this morning in early European trade was trading at $1354, up from $1320.80 at last…
Read the article“The paradox is one of the most completely established empirical facts in the whole field of quantitative economics.” – John Maynard Keynes “The Gibson paradox remains an empirical phenomenon without a theoretical…
Read the articleConclusion: The weekly DOE statistics are heavily impacted by the aftermath of hurricane Harvey in this weeks stats and will remain impacted for a few weeks. While the inventory build in this weeks stats was relatively…
Read the articleGold finally broke through the $1300 level on Monday, and did it in style. With London closed for a bank holiday, gold appeared to be edging better in quiet European trade, reflecting a lack of sellers rather than…
Read the articleThe Jackson Hole speeches of Janet Yellen and Mario Draghi last week were notable for the omission of any comment about the burning issues of the day: ...where do the Fed and the ECB respectively think America and the…
Read the articleConclusion: Relatively strong stats, larger than normal inventory draws continue. The oil market is being roiled by the storm related issues in Texas. Currently the market puts more emphasize on the refinery shutdowns…
Read the articleAfter last Friday’s spike to test the water at $1300, gold has consolidated its six-week run since Monday in a narrow range of $1280 to $1290. In early European trade this morning (Friday) gold was trading at $1286.50.…
Read the articleGold is challenging the $1300 level for the third time this year. If it breaks upwards out of this consolidation phase convincingly, it could be an important event, signalling a dollar that will continue to weaken. The…
Read the article