Author: Gold Money

silver gold

Counter-trend decline

Counter-trend decline by Alasdair Macleod – Gold Money After the previous two-week rally, it was perhaps natural for precious metals to consolidate this week. Gold, which closed on a high note last Friday, lost $23 to $1281 by early European...

silver gold

The productivity myth

The productivity myth by Alasdair Macleod – GoldMoney Every now and then, there’s a rash of commentary on national productivity. And for the British, productivity is all part of the Brexit angst, with the OECD, the Treasury, the Bank of...

silver gold

Oil for gold – the real story

Oil for gold – the real story by Alasdair Macleod – GoldMoney Following an article in the Nikkei Asia Review, which reported China will shortly introduce an oil futures contract priced in yuan, there has been some confusion about what...

silver gold

Lower in declining volume

Lower in declining volume by Alasdair Macleod – GoldMoney Gold and silver drifted lower in declining volume. On Tuesday, the day of tonight’s Commitment of Traders report, gold’s Comex turnover fell to 211,897 contracts, compared with more normal days of...

silver gold

PMs sold down

PMs sold down by Alasdair Macleod – GoldMoney Gold and silver were sharply down this week, with gold off $23 at $1297 from last Friday’s close in early European trade early this morning (Friday), and silver off 56 cents at...

silver gold

The forthcoming global crisis

The forthcoming global crisis by Alasdair Macleod – GoldMoney The global economy is now in an expansionary phase, with bank credit being increasingly available for non-financial borrowers. This is always the prelude to the crisis phase of the credit cycle....

silver gold

Consolidating after recent strength

Consolidating after recent strength by Alasdair Macleod – GoldMoney After the spectacular run from the lows of early July, gold and silver took a breather this week. Bullion markets on Comex had become very overbought, so a pause was inevitable,...

silver gold

Have we lift-off?

Have we lift-off? by Alasdair Macleod – GoldMoney As can be seen in our headline chart, gold and silver powered ahead further this week, and appeared to be undergoing a rerating. Gold this morning in early European trade was trading...

silver gold

Further thoughts on Gibson’s paradox

Further thoughts on Gibson’s paradox by Alasdair Macleod – GoldMoney “The paradox is one of the most completely established empirical facts in the whole field of quantitative economics.” – John Maynard Keynes “The Gibson paradox remains an empirical phenomenon without...

The Golden Revolution, Revisited: Chapter 9

The Golden Revolution, Revisited: Chapter 9 by John Butler – Gold Money This Insight continues the serial publication of the new, Revisited edition of my book, The Golden Revolution (John Wiley and Sons, 2012). (The first instalment can be found...

silver gold

$1300 easily surmounted

$1300 easily surmounted by Alasdair Macleod – GoldMoney Gold finally broke through the $1300 level on Monday, and did it in style. With London closed for a bank holiday, gold appeared to be edging better in quiet European trade, reflecting...

silver gold

See no evil, speak no evil…

See no evil, speak no evil… by Alasdair Macleod – GoldMoney The Jackson Hole speeches of Janet Yellen and Mario Draghi last week were notable for the omission of any comment about the burning issues of the day: …where do...

silver gold

Pausing under the highs

Pausing under the highs by Alasdair Macleod – GoldMoney After last Friday’s spike to test the water at $1300, gold has consolidated its six-week run since Monday in a narrow range of $1280 to $1290. In early European trade this...

silver gold

Gold – crossing the Rubicon

Gold – crossing the Rubicon by Alasdair Macleod – GoldMoney Gold is challenging the $1300 level for the third time this year. If it breaks upwards out of this consolidation phase convincingly, it could be an important event, signalling a...

silver gold

Market Report: $1300+ in sight

Market Report: $1300+ in sight by Alasdair Macleod – GoldMoney Having had an excellent run last week, gold and silver have consolidated by initially falling on Monday and Tuesday this week, before rallying back up to the highs on Wednesday...

silver gold

The fiscal benefits of free trade

The fiscal benefits of free trade by Alasdair Macleod – GoldMoney Western governments have an overriding problem, and that is they have reached or exceeded the bounds of taxation, at a time when legally mandated welfare costs are accelerating. Treasury...

silver gold

Good advance above overhead supply

Good advance above overhead supply by Alasdair Macleod – GoldMoney Gold and silver stormed through minor overhead supply this week, to mount an attack on the June highs at $1296 and $17.70 respectively. From last Friday’s close, gold rose from...

The Golden Revolution, Revisited: Chapter 8

The Golden Revolution, Revisited: Chapter 8 by John Butler – GoldMoney This Insight continues the serial publication of the new, Revisited edition of my book, The Golden Revolution (John Wiley and Sons, 2012). (The first instalment can be found here.)...