Ideas and analysis on money, markets and the world around us.
When I learned that a new weapons company had called itself Covenant, I found I could not put the name aside. The company makes cruise missiles. Its stated purpose is deterrence: to manufacture enough weapons to…
Read the articleUsually, credit crises are in the private sector. Today, it’s a global government funding crisis from which there’s no rescue. Gold and silver are the escape route. This week brought the beginning of a government…
Read the articleThe yen carry trade is blowing up, driving up global bond yields. Investors are slowly learning that the only safe havens are to be found in gold, silver, and storable commodities. It started with Scott Bessent at the…
Read the articleA week of consolidation for gold and silver ends with a strong performance for silver. Driving silver’s price are factors common to gold, plus the gradual reopening of Indian demand. Silver volumes on Comex have been…
Read the article$40 trillion and counting. Bessent forced to buy USTs to keep yields down. These headlines are undermining the dollar’s credibility which is why gold is now rising strongly. There can be little doubt that gold has…
Read the articleThere’s a sea-change underway in investor attitudes towards gold and silver. Markets now see growing risk to the dollar as a consequence of oil supply disruption. When America first attacked Iran on 28 February, gold…
Read the articleInvestors increasingly suspect that financial markets might be radically mispriced and nowhere is this truer than for precious metals. In terms of the evolution of gold and silver prices, markets appear to be in a…
Read the articleFew investors are interested in major upheavals facing global finances. Disinterest in summer is normal, but this is a time of maximum danger to personal wealth. It is a fact that after 55 years of this fiat currency…
Read the articleSome analysts tell us that gold goes down in war. This is rubbish. Otherwise, why would countries in the past have suspended their gold standards at wartime? There are some specious arguments being advanced for the…
Read the articleIn the fog of war, truth is the casualty. Gold and silver prices will reflect uncertainty over outcomes. All that traders know for now is that bond yields might rise further. Well-informed analysts who follow…
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