EU defence spending plans are driving German, French, and Italian bond yields higher. Japan’s are soaring too. The dollar is sinking: what does it all mean for gold and silver?This week, the end-February decline in gold and silver prices appear to be over, with a recovery based on a firm...
Read MoreA technical correction in gold and silver is shaking out weak holders, providing a stronger base for the next bull move.There are strong signs that the credit bubble is beginning to deflate. A dramatic collapse in cryptos is leading the way, followed by momentum stocks on NASDAQ. This is bound...
Read MoreEquities are pricing in a goldilocks scenario where global economic activity reaccelerates while inflation declines further, allowing the Fed and other central banks to continue to cut rates. However, we think there is substantial risk to this view. In this two-part report, we will take...
Read MoreIt will prove difficult for the US Treasury to deflect Trump from opening its gold book, since Elon Musk and Ron Paul appear to be driving the move to come clean over national gold reserves. Gold and silver continued to rise this week, despite the premiums on Comex futures returning to...
Read MoreBehind precious metal markets is new evidence of growing European investor demand at the retail level, while Comex deliveries continue at an elevated rate. It has been a week of new highs for gold, and silver appears to have broken out of its torpor only this morning. In European...
Read MoreThe bullion bank establishment is adjusting to gold and silver going far higher, which is why they are deleveraging their balance sheets. It is a process in its early stages.In a wild week, gold hit new highs before correcting modestly yesterday (Thursday). In European trading this morning it...
Read MoreEquities are pricing in a goldilocks scenario where global economic activity reaccelerates while inflation declines further, allowing the Fed and other central banks to continue to cut rates. However, we think there is substantial risk to this view. In this two-part report, we take a...
Read MoreA Comex exchange-for-physical crisis is in progress, repeating the disruption during covid. The media story blames Trump’s potential tariffs. But is this the real reason gold is hitting new highs? Gold and silver rose further this week, driven by continuing premiums on Comex futures...
Read MoreRumours that Trump will introduce 10% tariffs on precious metals are said to be driving gold higher. This report gives a more likely explanation.For the last two weeks before and after President Trump’s inauguration on 20 January, gold has recovered to almost new highs in dollars. In European...
Read MoreOil has rallied sharply in the new year as new US sanctions on the Russian oil industry could impact oil supplies over the next few months. This comes at a time when crude oil inventories were already at critically low levels. However, oil demand has been weakening meaningfully over the...
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