Alasdair Macleod

Contributor since: 23 Jul 2012

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• The False Perception of Living in a World of Infinite Credit

  Published 25 November 2015 | viewed 0 times

  FRA co-founder Gordon T. Long deliberates with Alasdair Macleod, head of research at GoldMoney on the Austrian School of Economics in an Era of Financial…

• End-Quarter Influences

  Published 02 October 2015 | viewed 0 times

  In a generally quiet week, gold and silver prices were marked down in thin trade towards the quarter-end, when traders make up their books, with…

• NIRP, its Likelihood and Effect on Commodities

  Published 01 October 2015 | viewed 0 times

  In last week's article I pointed out that negative interest rates should lead to a general shift in consumer preferences from money towards essential goods.…

• Negative Interest Rates and Gold

  Published 25 September 2015 | viewed 0 times

  I shall briefly address the impact of negative interest rates, should they occur, at the end of this report, after looking at this week's trading.…

• From ZIRP to NIRP

  Published 25 September 2015 | viewed 0 times

  The sudden end of the Fed's ambition to raise interest rates above the zero bound, coupled with the FOMC's[1] minutes, which expressed concerns about emerging…

• Silver Sold, Then Squeezed

  Published 28 August 2015 | viewed 0 times

  While gold consolidated its recent gains, silver was sold down this week along with other metals and energy. The whole commodity complex suffered badly in…

• Economics of a Crash

  Published 28 August 2015 | viewed 0 times

  This month has seen something that happens not very often: it appears to be the early stages of a global stock market crash. For the…

• Risk On

  Published 24 August 2015 | viewed 0 times

  This week market relationships underwent a sea-change, with a sudden realisation that the global economy is in a deepening crisis. Equity valuations in the developed…

• The War Between Physical and Paper Hots Up

  Published 10 August 2015 | viewed 0 times

  Gold and silver traded in a tight range this week on low futures volumes. Last Friday the gold price rallied from $1,080 to $1,101, last…

• Markets in Limbo

  Published 31 July 2015 | viewed 0 times

  Gold and silver remain close to their lows for the year, discouraged as usual by dollar resilience. Precious metals appear to be in limbo: speculative…

• Gold and Gibson's Paradox

  Published 23 July 2015 | viewed 0 times

  There is a myth prevalent today that the gold price always falls when interest rates rise. The logic is that when interest rates rise it…

• Extremes Become More Extreme Weekly

  Published 17 July 2015 | viewed 0 times

  Gold and silver continued to drift lower over the course of the week, with gold trading at $1,145 and silver at $15.02 in early European…

• Credit Deflation and Gold

  Published 16 July 2015 | viewed 0 times

  There is a common view in financial markets that credit deflation is bad for gold prices, because gold nowadays is regarded as an asset to…

• Two Horsemen of The Apocalypse

  Published 13 July 2015 | viewed 0 times

  If we can reassign meanings given to the biblical Four Horsemen of the Apocalypse from the original, we can then say financial markets saw two…

• Productivity Misconceptions

  Published 09 July 2015 | viewed 0 times

  In the media warm-up for Wednesday's UK budget, we were told of Britain's poor productivity and Chancellor Osborne subsequently confirmed that his priority is to…

• Precious Metals Subdued

  Published 03 July 2015 | viewed 0 times

  Gold and silver had a poor week, with no relief from drifting prices after the end of the second quarter. The gold price opened on…

• Greece's Referendum

  Published 02 July 2015 | viewed 0 times

  This coming Sunday Greece will hold its referendum. The question to be asked is not, as the foreign press initially reported it, about leaving the…

• Greece and Short Positions

  Published 29 June 2015 | viewed 0 times

  Hedge funds and high-frequency traders have finally forced gold into a US dollar loss this year as shown in our introductory chart, but silver is…

• Managing Trade Deficits

  Published 25 June 2015 | viewed 0 times

  Currency devaluation is seen by nearly every macro-economist to be the cure for trade deficits. Recently they have recommended it to Greece arguing for the…

• All Eyes on The Half-Year

  Published 19 June 2015 | viewed 0 times

  Window-dressing or the management of prices for a favourable mark-to-market valuation at year-ends, half-years and quarters has long been a distorting feature in financial markets.…