Feb 23, 2024·Alasdair MacleodA tale of two markets
In subdued trading, gold was little changed on the week, while silver eased. In European trade this morning, gold was $2019, up $4 from last Friday, while silver was $22.64, down 77 cents. Comex volume in gold was low, while in silver it was good, reducing to moderate levels in the latter part...
Read MoreFeb 22, 2024·Alasdair MacleodKeynesian credit creation meets its Armageddon
Few commentators are aware that the dynamics leading to an inevitable collapse of credit are increasing. When these dynamics begin to unfurl, there is bound to be a global rush out of fiat credit into gold. This is why prescient central banks have been accumulating bullion.This week, the...
Read MoreFeb 16, 2024·Alasdair MacleodMassive bear squeeze likely in gold
This week, gold dipped below the $2000 level before rallying, and silver reflected a traditional bear squeeze. In European trade this morning gold was $2005, after testing the $1985 level, down $19 net from last Friday’s close. And silver was $22.98, up 38 cents after testing $21.95. On...
Read MoreFeb 15, 2024·Alasdair MacleodAmerica cannot afford another war
America cannot afford another war because the US Government is in a debt trap already, and it would merely hasten the collapse of her finances. Measured in dollars, gold would soar handing economic power to Russia and China.We can be sure that the highest levels of government in the US...
Read MoreFeb 9, 2024·Alasdair MacleodInformed accumulation of gold bullion
Gold and silver moved sideways for yet another week, exhibiting a bullish undertone. In European trade this morning, gold was $2032, down $7 from last Friday, while silver was $22.62, almost unchanged on the week. Silver volumes on Comex picked up to reasonable levels on bargain-hunting, while...
Read MoreFeb 8, 2024·Alasdair MacleodIt is vital to understand the role of gold
Without a proper knowledge of the legal basis which defines gold as money and that everything else as credit, we cannot fully understand why the only escape for individuals from the growing financial calamity faced by America, Britain, Europe, and Japan is to sell credit to buy physical...
Read MoreFeb 2, 2024·Alasdair MacleodBanking crisis in CRE looms
Precious metals prices were subdued this week, though there was a firmer underlying tendency. In European trading this morning, gold was $2055, up $38 from last Friday’s close, and silver $23.20, up 43 cents. The weakness typical at Comex contract expiry was absent, but Comex...
Read MoreFeb 1, 2024·Alasdair MacleodSarajevo redux or how world wars come about
The First World War appeared to come out of nowhere, the assassination of Archduke Ferdinand in 28 June 1914 led to a major war including Austria, Germany, Russia, France, and Britain in only six weeks. Hamas’s excursion from Gaza, killing and taking Israeli hostages, followed by Israel...
Read MoreJan 26, 2024·Alasdair MacleodPrecious metals stasis
Gold and silver prices steadied this week, trying to find a sense of direction. In European trade this morning, gold was $2022, down $7 from last Friday’s close, and silver was $22.92, up 30 cents. Comex turnover was moderate. Interestingly, expiring options and contracts haven’t yet...
Read MoreJan 25, 2024·Alasdair MacleodSummary of dangers for 2024
This year is likely to see wealth destruction on a massive scale. The reason this is not widely anticipated in financial markets is due to a mistaken belief that interest rates are at their peak and will decline over the year. The reason interest rates will rise is due to the colossal mountain...
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