Financial markets

In the decades which have passed since Greenspan became the Fed template and “stimulus” supplier of Wall Street’s post-87 debt (keg) party of free money, repressed rates and hence massive stock and bond bubble-to-burst cycles, where can informed investors find value, safety and a comfortable nigh...

The Silver Short Squeeze movement has shaken up all of the custodians of the metals, who must now respond to clients who are increasingly anxious about the authenticity of their metals accounts. We know that today, the silver market is founded on a derivatives system where there are far more virt...

The current silver price has nothing to do with supply and demand. In a real market the Price of Silver would be substantially higher. In a fake market, the manipulators have no problem to suppress the price by selling virtually unlimited fake paper silver.

To protect ourselves from these unavoidable effects of the monetary policies implemented for more than 10 years, now is the time for a return to tangible assets for increasing numbers of investors.

Confidence in the digital silver and fractional reserve system is exploding before our eyes.

The inflationary pressure is likely to remain with us for a while, despite the pundits’ claims that it’s triggered merely by temporary factors. In the 1970s, they were talking the same – until stagflation emerged and gold shined.

It seems that the decline in bond yields allowed gold to catch its breath, and that the macroeconomic outlook – including the credit spreads, interest rates, inflation, monetary policy and fiscal policy – will remain the key driver of gold prices throughout the year.

Derivatives can only be netted down on the basis that counterparties pay up. But in a real systemic crisis, counterparties will disappear and gross exposure will remain gross.

The increase in expected and actual inflation rates combined with the Fed’s dovish stance could create downward pressure on the real interest rates and the U.S. dollar, thus supporting gold prices. The yellow metal could also benefit from the elevated demand for inflation hedges in an environment...

Gold is today at a price that still does not take into account what has happened these last months and what will happen with respect to the coming avalanche of Treasury auctions to come.