Ideas and analysis on money, markets and the world around us.
The purpose of this article is to draw the widest attention to the chronic inability of the economic establishment to forecast recessions. Next time you hear an economist make a prediction on mainstream media, your…
Read the articleConclusion: Very bullish stats. We are three weeks into July and already drew 23.5mb, 36mb more than normal. We continue to expect larger draws in the remainder of 2H17 Total petroleum stocks drew 9.5mb,13.3mb more than…
Read the articleGoldmoney clients have been net buying all precious metals this week, with silver being the most heavily traded. Clients have preferred vaults in Zurich, London, Singapore, and Toronto, and have shown less preference…
Read the articleGold and silver recovered well this week, continuing a rally which is now two weeks old. Gold, priced in dollars, rose by another $13 to $1247.50 in early European trade this morning (Friday), up $31 from the lows of 7…
Read the articleThere are currently two important items on the Fed’s wish list. The first is to restore interest rates to more normal levels, and the second is to unwind the Fed’s balance sheet, which has expanded since the great…
Read the articleConclusion: Very bullish stats. Two weeks of solid draws in July paint a very bullish picture despite the apparent strong supply growth data. We continue to expect large global draws in 2H17 which will lead to stronger…
Read the articleGold and silver prices steadied this week, with gold up only $3 at $1218 in early European trade this morning (Friday), and silver unchanged at $15.68. As our headline chart shows, silver is now marginally lower on the…
Read the articleIn last week’s Insight , I analysed the current geopolitical situation and concluded that it was now in the interest of the Shanghai Cooperation Organisation to break from the US dollar completely, by establishing a new…
Read the articleConclusion: Bullish. Strong start into July with another sharp decline in stocks. Ignoring the weekly fluctuation in demand data, average demand appears to remain strong. Production appears to growing strongly now on a…
Read the articleGold and silver continued to drift lower this week, with gold falling $20 from last Friday’s close to $1220 in early European trade this morning (Friday), and silver by 75c to $15.87. At this level, silver has lost…
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