Latest Goldmoney Research

Sep 29, 2022·Alasdair Macleod

Kwarteng – a job half done

Following the new Kwarteng/Truss economic policies revealed in last week’s mini budget, the widespread condemnation is a reflex Keynesian response from a world which has become hostage to erroneous economic and monetary groupthink in its major institutions.Kwarteng has jogged the global...

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Sep 23, 2022·Alasdair Macleod

Gold and geopolitics

Gold and silver consolidated this week against a background of a rising dollar on the foreign exchanges. In Europe this morning, gold traded at $1661, down $12 from last Friday’s close, and silver at $19.40 was down 14 cents on the week.As our headline chart shows, silver is up 10% since...

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Sep 22, 2022·Alasdair Macleod

Gold has never been so attractive

In our lifetimes, we have not seen anything like the developing economic and financial crisis. Rising interest rates are way, way behind reflecting where they should be.Interest rates have yet to discount the continuing loss of purchasing power in all major currencies. The theory of time...

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Sep 16, 2022·Alasdair Macleod

Flight into dollar intensifies

It was a mixed week for precious metals, starting with a promising rally and a bear squeeze particularly noticeable in silver, before the dollar benefited from a renewed flight out of euros, yen and pounds. Additionally, the Chinese yuan had a torrid week. In this currency turmoil, gold lost...

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Sep 15, 2022·Alasdair Macleod

Inflation is turning hyper

Money supply took off during covid lockdowns. It is now about to take off again to pay everyone’s energy bills. But that is not all.Demands for currency and credit to be conjured out of thin air to pay for everything will be coming thick and fast. Expectations that energy prices, including...

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Sep 9, 2022·Alasdair Macleod

$ TWI uptrend threatened

After a weak start, gold and silver are ending this week on a firmer note. This is particularly noticeable in silver, which rose 70 cents from last Friday’s close to trade at $18.81 in early morning European trade today. Gold’s rise was more subdued, rising $13 over the same timescale to...

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Sep 8, 2022·Alasdair Macleod

An Asian Bretton Woods?

The financial war between Russia with China’s tacit backing on one side, and America and her NATO allies on the other has escalated rapidly. It appears that President Putin was thinking several steps ahead when he launched Russia’s attack on Ukraine.We have seen sanctions fail. We have seen...

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Sep 2, 2022·Alasdair Macleod

Sell-off: the final stages?

Gold and silver prices fell further this week as traders assessed increasing evidence that central bank interest rate policy is likely to drive major economies into deepening recession, potentially undermining commodity prices and those of gold and silver. In European trade this morning,...

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Sep 1, 2022·Alasdair Macleod

Supply chains, interest rates and inflation

The disruption of global supply chains is seen to be a temporary problem yet to be resolved, but there are good reasons to believe it is now permanent.Following the end of the cold war against China and the foundation of a new peaceful era, American and other manufacturers began to expand...

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Aug 26, 2022·Alasdair Macleod

Time to look longer term

 This week, gold and silver consolidated the previous week’s falls, with gold trading at $1747 in European trading this morning, unchanged from last Friday’s close. And silver was at $19.17, up 15 cents. Comex trade in gold was light, but in silver somewhat healthier.Prices for both...

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