Alasdair Macleod

Contributor since: 23 Jul 2012

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• Consolidation Continues

  Published 09 February 2015 | viewed 0 times

  This week precious metals continued to consolidate January's gains in volatile financial markets, with both gold and silver range-bound. Platinum and palladium are up on…

• Sovereign Bonds

  Published 09 February 2015 | viewed 0 times

  Today's obvious mispricing of sovereign bonds is a bonanza for spending politicians and allows over-leveraged banks to build up their capital. This mispricing has gone…

• More Euro-Tragedy

  Published 03 February 2015 | viewed 0 times

  Despite the uncertainties ahead of the Greek general election, the European Central Bank (ECB) went ahead and announced quantitative easing (QE) of €60bn per month…

• Weekly Market Report: Consolidating Gains

  Published 02 February 2015 | viewed 0 times

  Gold and silver prices consolidated recent gains this week, both having become overbought short-term, and they now appear to be building a base before an…

• Precious Metals Market Report

  Published 09 January 2015 | viewed 0 times

  A steady start for 2015 Gold and silver started the year at a muted point, with gold at $1168 and silver at $15.50, from which…

• 2015: The Year of The Slump?

  Published 09 January 2015 | viewed 0 times

  2014 ended with two ominous developments: the strength of the US dollar and a collapse in key commodity prices. It is tempting to view both…

• Derivatives and Mass Financial Destruction

  Published 19 December 2014 | viewed 0 times

  Globally systemically important banks (G-SIBs in the language of the Financial Stability Board) are to be bailed-in if they fail, moving the cost from governments…

• Relative Calm for PMs in Wild Markets

  Published 19 December 2014 | viewed 0 times

  This week has been extremely volatile for oil, currencies and stock markets. Against this background gold and silver have drifted sideways to slightly lower, which…

• Gold Was The Safe Haven This Week

  Published 12 December 2014 | viewed 0 times

  This week precious metals continued their recovery, with gold up $35 at $1220 and silver up about $1 at $17 this morning, thus building on…

• Spare Dollars

  Published 12 December 2014 | viewed 0 times

  Last week I wrote that contrary to the prevailing mood US dollar strength could reverse at any time. This week I look at another aspect…

• Post Referendum Bounce

  Published 05 December 2014 | viewed 0 times

  It turns out the Swiss referendum last weekend which sought to force the Swiss National Bank to maintain 20% gold reserves was a red herring…

• Commodities and the Dollar

  Published 05 December 2014 | viewed 0 times

  Each commodity market has its own story to tell: oil prices are falling because OPEC can't agree production cuts, steel faces a glut from overcapacity,…

• Waiting for Godot

  Published 28 November 2014 | viewed 0 times

  Alternatively, watching paint dry. That's how it has felt this week with gold's volatility slowing to a crawl ahead of Thanksgiving yesterday and the Swiss…

• Russia's Monetary Solution

  Published 28 November 2014 | viewed 0 times

  The hypothesis that follows, if carried through, is certain to have a significant effect on gold and the relationship between gold and all government-issued currencies.…

• Precious Metals Market Report

  Published 21 November 2014 | viewed 0 times

  Better Tone for Volatile Gold Gold has had a volatile week, but rose from $1147 last Friday afternoon to a high of $1205 on Tuesday.…

• That G20 Meeting

  Published 21 November 2014 | viewed 0 times

  G20 gatherings of world leaders on the surface are all the same: they conclude with a meaningless anodyne statement that everyone can agree with. But…

• Deflation Comes Knocking at the Door

  Published 07 November 2014 | viewed 0 times

  There is little doubt that deflationary risks have increased in recent weeks, if only because the dollar has risen sharply against other currencies. Understanding what…

• Precious Metals Market Report: PMs Hit By Strong Dollar

  Published 07 November 2014 | viewed 0 times

  The dollar continued its upward path against the major currencies this week, and gold and silver prices suffered accordingly. The bears have maintained the upper…

• FOMC Hits Gold and Silver

  Published 31 October 2014 | viewed 0 times

  Trading in precious metals was quiet until Wednesday morning, when prices began to soften. When the FOMC meeting released its policy statement at 2.00pm EST,…

• China's Gold Strategy

  Published 31 October 2014 | viewed 0 times

  China first delegated the management of gold policy to the Peoples Bank by regulations in 1983. This development was central to China's emergence as a…