Ideas and analysis on money, markets and the world around us.
Conclusion: 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…
Read the articleWe are told by Shakespeare: “Neither a borrower nor a lender be.” Is it good advice? Like so many things in life, the answer is - it depends. Individuals are different, and what is right for one person may not be…
Read the articleGoldmoney clients have been net selling all precious metals this week, with gold and silver being the most actively traded. Clients have preferred vaults in Zurich, London, Singapore, and Hong Kong, and have shown less…
Read the articleGold and silver consolidated recent rises this week. On closing prices, gold barely moved from last Friday’s close, standing at $1269.50 in early European trade this morning. Intraday, prices were range-bound, capped in…
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