Author: Gold Money

Market Report: Breakout!

Market Report: Breakout! By Alasdair Macleod for Gold Money The moment gold bugs have been waiting for happened this week, with gold breaking higher out of its three-year consolidation on the upside. In European trade this morning, gold was up...

The Financial War Escalates

The Financial War Escalates by Alasdair Macleod for Gold Money Behind the scenes, the financial war between America and China is escalating dangerously into a war to secure global financial resources. At a time of growing liquidation of dollar assets...

Gold trying to break out…

Gold trying to break out… by Alasdair Macleod for Gold Money Gold performed strongly this week, rising $15 from last Friday’s close to trade at $1355 in European morning trade today. Gold’s strong performance is dragging a seemingly reluctant silver...

Gold Breaks Through

Gold Breaks Through by Alasdair Macleod for Gold Money This week has seen a dramatic extension of a rally in gold which started in earnest on 30 May. In the seven trading sessions since the 29 May, the gold price...

Forget velocity of money circulation

Forget velocity of money circulation by Alasdair Macleod for Gold Money If there is one concept that illustrates the difference between a top-down macro-economic approach and the reality of everyday life it is the velocity of circulation of money. Compare...

Theresa May’s final act

Theresa May’s final act By Alasdair Macleod for Gold Money Brexit has been a long, drawn-out saga. But finally, Theresa May’s indecision appears to be coming to an end. She has finally been cornered in a tragic opera with more...

Gold and silver diverge

Gold and silver diverge by Alasdair Macleod for Gold Money Gold and silver were more volatile this week, but they appear to be going their separate ways. Gold was up a dollar from last Friday’s close in European morning trade...

Post-tariff considerations

Post-tariff considerations by Alasdair Macleod for Gold Money President Trump has declared he will extend tariffs of 25% on all America’s imports of Chinese goods. China is responding with tariff increases of its own. The consequences of this action and...

Volatility drops

Volatility drops by Alasdair Macleod for Gold Money This week, gold traded in a very narrow range, up $6 from last Friday’s close at $1285 in European morning trade. Silver drifted lower, losing 15 cents on the week to $14.79...

In praise of Hayek’s masterwork

In praise of Hayek’s masterwork by Alasdair Macleod for Gold Money Friedrich von Hayek first published The Road to Serfdom in 1944. His book was subsequently popularised by a condensed version in The Reader’s Digest. This article re-examines Hayek’s theme...

Cyber wars and all that

Cyber wars and all that by Alasdair Macleod for Gold Money Behind the Huawei story, we must not forget there is a wider financial war being waged by America against China and Russia. Stories about China’s banks being short of...

PMs steadier after last week’s sell-off

PMs steadier after last week’s sell-off by Alasdair Macleod for Gold Money From last Friday’s close gold recovered slightly after last week’s sell-off, gaining $7 at $1283 by early European trade this morning. Silver was up three cents at $15.04...

The US Government Debt Crisis

The US Government Debt Crisis by Alasdair Maceod for Gold Money This article explains why the US Government is ensnared in a debt trap from which there is no escape. Its finances are spiralling out of control. In the context...

Nearly Everyone Is a Socialist Now

Nearly Everyone Is a Socialist Now by Alasdair Macleod for Gold Money The expansionary phase of the global economy is almost certainly ending. A combination of excessive debt and trade protectionism is likely to become economically and politically destabilising. If,...

Central banks building gold reserves

Central banks building gold reserves by Alasdair Macleod for Gold Money According to the World Gold Council, central banks added 51 tonnes to their reserves in February, adding to their 41 tonnes net purchases in January. It’s not just Russia...

Dollar strong, gold subdued

Dollar strong, gold subdued by Alasdair Macleod for Gold Money Following last week’s expiry of gold’s April contract on Comex, the price has been subdued, at one point yesterday dipping to test the $1280 level before recovering about $12. In...

GDP-B doesn’t cut it either

GDP-B doesn’t cut it either By Alasdair Macleod for Gold Money GDP is hyped-up to be an all-important measure of economic activity. It does not measure economic activity, instead recording meaningless money-totals spent in unsound currency over a given period....

silver gold

Bulls skewered by contract run-off

Bulls skewered by contract run-off by Alasdair Macleod for Gold Money Precious metals lost ground this week in a disorderly run-off of the April gold contract on Comex. From last Friday’s close, gold was down $34 at $1288 in early-morning...

silver gold

FOMC – interest rates on hold

FOMC – interest rates on hold by Alasdair Macleod for Gold Money Gold and silver continued to rally this week, consolidating after the sharp dip earlier this month. In European morning trade today, gold was priced at $1313, up $10...