Ideas and analysis on money, markets and the world around us.
Conclusion: 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 articleConclusion: Rather underwhelming stats. Crude rallied anyway following the release as gasoline stocks drew more than expected (API reported a build) Total petroleum stocks were flat vs a seasonal draw of 0.9mb Crude…
Read the articleGoldmoney clients have been net selling all precious metals over the past two weeks, with gold being the most actively traded. Clients have preferred vaults in Zurich, London, Singapore, and Hong Kong, and have shown…
Read the articleHaving had an excellent run last week, gold and silver have consolidated by initially falling on Monday and Tuesday this week, before rallying back up to the highs on Wednesday and Thursday. In early European trade this…
Read the articleWestern governments have an overriding problem, and that is they have reached or exceeded the bounds of taxation, at a time when legally mandated welfare costs are accelerating. Treasury departments in all the welfare…
Read the articleGold and silver stormed through minor overhead supply this week, to mount an attack on the June highs at $1296 and $17.70 respectively. From last Friday’s close, gold rose from $1259 to $1285 in early European dealing…
Read the articleThe cryptocurrency craze is fascinating to an economist, or at least a student of catallactics, because it is a test of the theory of exchange ratios and prices, which is what catallactics is about. For this reason, the…
Read the articleConclusion: Neutral to slightly bullish. Draws are larger than normal but drawdowns have slowed down materially over the past two week compared to the first 3 weeks of July Total petroleum stocks drew 4.6mb, 3.3mb more…
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