Independent thinking for complex markets and current events
By Alasdair Macleod For years, bulls of gold and silver have complained about how derivatives have been used to suppress their prices. Their dreams of the practice ending could be coming true. Introduction If you think about it, there is a simple reason that derivatives for speculating or hedging gold is fatally flawed. It is …
via Alasdair Macleod It has been an excellent week for gold and silver bulls. But is a correction now due, and if so, how deep and for how long? It looks like being severely limited. Gold continued to make new highs this week, today trading below yesterday’s best level of $2685 spot this morning in …
Guest Post by Alasdair Macleod via goldmoney.com Last week in my Goldmoney Insight, I analysed the rationale for a new gold backed trade settlement currency on the agenda of the BRICS summit in Johannesburg on 22—24 August. This article is about the consequences for the dollar-based fiat currency regime. There is strong evidence that planning …