Ideas and analysis on money, markets and the world around us.
OPEC is currently in a difficult situation. How should it react to the oil glut that followed the emergence of shale oil technology? In our view, today’s situation is comparable to the oil glut in the 1980s. Back then…
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 London, Singapore, and Hong Kong, and have shown less…
Read the articleApart from some minor profit-taking over the last two days of this week (into early European trade this morning – Friday) the undertone in precious metals has been remarkably positive. The strength appears to be…
Read the articleThere was a time when banks acted as custodians of their customers’ money. Indeed, keeping a person’s money and using it as if it belonged to you without their agreement is fraud in common law. A banking license legally…
Read the articleThere is a well-worn conundrum told about a stranger, who walks into the hotel in a remote, sleepy village in Mexico, and reserves a room for the night, paying 1,000 pesos in advance. The innkeeper rejoices at this…
Read the articleOur quick take on the WEEKLY SUPPLY ESTIMATES published by the US Department of Energy (DOE) including detailed tables and charts. This week’s highlights: Conclusion: After last weeks somewhat mixed stats, this weeks…
Read the articleThe demise of volatility has extended to the gold market Both realized and implied volatility in most asset classes are close to all-time lows. One of the most interesting aspects of the low volatility phenomenon is…
Read the articleAfter establishing some support last week, precious metals continued their rally this week, with Wednesday being especially strong. At its best, gold hit an intraday high of $1265 before trading down to $1247 yesterday…
Read the articleGoldmoney Wealth clients have been net buying all precious metals this week, with gold being the most actively traded. Clients have preferred vaults in Singapore and Toronto, and have shown less preference for the…
Read the articleOur quick take on the WEEKLY SUPPLY ESTIMATES published by the US Department of Energy (DOE) including detailed tables and charts. This week’s highlights: Conclusion: At first sight the stats certainly seem less bullish…
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