Latest Goldmoney Research

May 26, 2023·Alasdair Macleod

June contract expiry approaches

Gold and silver fell sharply ahead of the Comex June contracts expiry, whose first notice day is next Wednesday. Gold fell $23 from last Friday’s close to trade at $1954 in European trade this morning, and silver was down 68 cents at $23.12 on the same timescale.End-of-month declines in...

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May 19, 2023·Alasdair Macleod

Shaking out weak holders

Gold and silver prices declined this week, as the shorts mounted an attack on speculating longs. In Europe this morning, gold was trading at $1865, down $46 from last Friday’s close, and silver was at $23.69, down 25 cents on the week. Both metals have fallen significantly over the last two...

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May 18, 2023·Alasdair Macleod

Now we are all working for the State

A consequence of increasing economic intervention by the state is that we are now expected to breed more taxpayers in future and draw down on our state pensions for less time. Our productivity must be improved as well, thereby maximising our state’s tax revenues.With respect to the...

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May 12, 2023·Alasdair Macleod

Last chance saloon

This week, gold and silver continued last Friday’s sell-off. On a net basis, gold was down only $8 from last Friday’s close in European trade this morning at $2008, following last Friday’s $34 decline. Silver was marked down more aggressively, falling $1.70 since last Friday’s close to $23.93...

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May 11, 2023·Alasdair Macleod

The dynamics driving the dollar down

This article examines the currency imbalances between US dollars and the other currencies and concludes that should foreign holders decide to reduce their dollar exposure, the consequences for its value would be dramatic.The dollar’s problems should be laid at the door of the wishful thinkers...

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May 5, 2023·Alasdair Macleod

Bank crisis pushes gold to near record

On the back of worrying developments in US regional banks, gold and silver performed well this week. This morning in European trade, gold was at $2039 up $53 from last Friday’s close after briefly testing new high ground, and silver was at $25.88, up 90 cents. Volumes on Comex picked up with...

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May 4, 2023·Alasdair Macleod

Why gold is always money

That America faces a severe banking crisis has become plain to see, but the authorities’ response less so. Almost certainly, the crisis has much further to go in America, spreading to other jurisdictions. We can only hope that central banks will protect all depositors, but that is far from...

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Apr 28, 2023·Alasdair Macleod

Stagflationary outlook

Consolidation of precious metals prices continued this week, with gold unchanged at $1984, and silver down 26 cents at $24.83. Turnover in silver futures on Comex was healthy, while in gold futures it was more modest. In the four days of this week, 779 gold contracts were stood for...

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Apr 27, 2023·Alasdair Macleod

Statist intervention - the consequences

This article looks at our current economic condition from the viewpoint of classical economics. It is now 87 years since classical economics were dismissed by John Maynard Keynes in his “General Theory of Employment, Interest, and Money”.Central to Keynes’s opus was a desire to create a role...

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Apr 24, 2023·Goldmoney Staff

The gold market takes guidance form the inverted yield curve

Gold and Silver prices continue to show remarkable strength despite strong headwinds from both real-interest rate expectations and realized real-interest rates. Inflation as reported through the CPI (Consumer Price Inflation) has been above short-term rates for nearly three years. However, with...

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