Tag Archive: Gold
Weekly Market Pulse: Are We There Yet?
I’ll just get this out of the way right at the beginning. The question in the title of this post refers to the end of the ongoing stock market correction and the answer is likely no. There are no sure things in this business so it isn’t an unequivocal no, but based on history, the odds favor more weakness.
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Weekly Market Pulse: Fear Makes A Comeback
Fear tends to manifest itself much more quickly than greed, so volatile markets tend to be on the downside. In up markets, volatility tends to gradually decline.
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Central Banks’ record gold stockpiling
According to recently released data by the World Gold Council (WGC), as of September 2021, the total amount of gold held in reserves by central banks globally exceeded 36,000 tons for the first time since 1990. This 31-year record was the result of the world’s central banks adding more that 4,500 tons of the precious metal to their holdings over the last decade and it provides ample support for the investment case for gold, in both directly...
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Lessons from 2021: The rational way out
As we are all preparing to bid farewell to 2021, there is a general feeling that this year, much like its predecessor, will not be missed. To my mind, however, it is clear that even though the past 12 months didn’t really teach us anything new, they did help cement the lessons of 2020 and spread important ideas to people who might otherwise have never come to question anything about the status quo.
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Weekly Market Pulse: Discounting The Future
The economic news recently has been better than expected and in most cases just pretty darn good. That isn’t true on a global basis as Europe continues to experience a pretty sluggish recovery from COVID. And China is busy shooting itself in the foot as Xi pursues the re-Maoing of Chinese society, damn the economic costs.
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Government interventions and the Cobra effect – Part II
Of course, one of the most important and consequential parts of the incredibly complex organism that is the economy is money itself. It is its lifeblood and as the song goes, “it makes the world go round”. Therefore, manipulating the currency itself is one the most dangerous and hubristic things a central planner can do, which probably explains why it’s their favorite pastime.
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Government interventions and the Cobra effect – Part I
Almost two decades ago, German economist Horst Siebert coined the term the “Cobra effect” to describe the real-world consequences of “well-intentioned” government interventions that go awry and produce the exact opposite results from what they aim for.
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Gold is Boring – That’s Why You Should Own It!
Gold and silver price actions have been the opposite of dramatic for months now, they have been boring. In the last 100 days, gold has moved sideways in the US$100 range between $1725 and $1825.
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Corruption of the currency and decivilization – Part II
Many rational economists and students of history have written countless analyses on the gold standard and the terrible impact that its end has had on the world economy. However, as the Fall of Rome clearly demonstrates, the implications of the introduction of the fiat money system and of the limitless manipulation of the currency by the State reach much further.
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50 years since the closure of the “gold window”
President Nixon’s unilateral decision to sever the last link between the dollar and gold had wide ranging and long lasting consequences for the global economy and for the entire monetary system. The end of sound money facilitated and accelerated the concentration of power at the top and the ability to manipulate the currency allowed politicians and central planners to further expand the state’s reach and push ahead with populist, reckless and...
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Did Traders Get A Wink & Nod?
Good Day… And a Wonderful Wednesday to you! A quiet night for yours truly last night, as a lot of nights recently have been late… I sat out on the deck that overlooks the beach and ocean, and had my Bose speaker turned up and sang out loud along with the songs being played…
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The battle for control over the future of money
It’s no secret that governments and central planners of all stripes have long detested the rise of private money and independent digital currencies. They have tried to stifle the burgeoning crypto industry from the moment it attracted mainstream attention. For years, they have continued to add regulatory hurdles and threaten crypto holders and investors, as well as companies in this space, with unreasonable tax burdens and unrealistic disclosure...
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SWIFT Ban: A Game Changer for Russia?
2022-03-04
by Stephen Flood
2022-03-04
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