Alasdair Macleod

Contributor since: 23 Jul 2012

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• Precious Metals Subdued as Panic Over

  Published 24 October 2014 | viewed 0 times

  For gold and silver it has been a week of two halves: first prices rallied to a peak on Tuesday, then declined to show net…

• Markets and Reality Disconnected

  Published 24 October 2014 | viewed 0 times

  The behaviour of financial markets these days is frankly divorced from reality, with value-investing banished. Markets have become distorted by Rumfield-knowns such as interest rate…

• Gold Benefits from Market Uncertainty

  Published 17 October 2014 | viewed 0 times

  The outlook for gold is now more positive than it has been for some time. After a prolonged period of low volatility as funds invested…

• Why The Business Cycle is Failing

  Published 17 October 2014 | viewed 0 times

  Since WW2 economic theorists have posited that demand in the economy could be stimulated by a combination of deficit spending by the government and by…

• Market Turbulence

  Published 10 October 2014 | viewed 0 times

  This week has seen highly volatile equities (mostly down), bond yields sharply lower, the oil price hard down, and gold side-lined but recovering after a…

• A Market Reset Due

  Published 10 October 2014 | viewed 0 times

  Recent evidence points increasingly towards global economic contraction. Parts of the Eurozone are in great difficulty, and only last weekend S&P the rating agency warned…

• Failing Economies and The Quarter-End

  Published 03 October 2014 | viewed 0 times

  Precious metals have faced adverse weather as evidence mounts that major economies may be sliding into recession. Yesterday the ECB finally responded to the deteriorating…

• The Velocity Myth...

  Published 03 October 2014 | viewed 0 times

  If there is one concept that illustrates the difference between a top-down macro-economic approach and the reality of everyday life it is the velocity of…

• Valuing Gold and Turkey Farming

  Published 26 September 2014 | viewed 0 times

  Today's financial markets are built on the sand of unsound currencies. Consequently brokers, banks and investors are wedded to monetary inflation and have lost both…

• $1200 for Gold Underpinned by Physical Demand

  Published 26 September 2014 | viewed 0 times

  This week saw gold rally $15 to $1233 on Tuesday before sliding to $1207 yesterday morning, then rallying in the afternoon. Silver's moves tracked gold's,…

• Another Miserable Week for PMs

  Published 19 September 2014 | viewed 0 times

  Gold and silver drifted lower over the course of the week, with a challenge to the $1200 level for gold becoming a distinct possibility. Silver…

• The End of Tapering and Government Funding

  Published 19 September 2014 | viewed 0 times

  Last year markets behaved nervously on rumours that QE3 would be tapered; this year we have lived with the fact. It turned out that there…

• Currency Mayhem

  Published 12 September 2014 | viewed 0 times

  You'd think that the US dollar has suddenly become strong, and the chart below of the other three major currencies confirms it. Larger Image The…

• Short-Sellers Driving Prices

  Published 05 September 2014 | viewed 0 times

  Gold and silver had a bad week, with gold falling $25 to a low of $1262 by the Comex close yesterday, and silver by $0.50.…

• A Difficult Question

  Published 05 September 2014 | viewed 0 times

  In a radio interview recently* I was asked a question to which I could not easily give a satisfactory reply: if the gold market is…

• Summer Doldrums Coming to an End

  Published 01 September 2014 | viewed 0 times

  The pattern of trading in precious metals changed for the better this week. After London's bank holiday on Monday, for the first time in a…

• The Wages-Fuel-Demand Fallacy

  Published 01 September 2014 | viewed 0 times

  In recent months talking heads, disappointed with the lack of economic recovery, have turned their attention to wages. If only wages could grow, they say,…

• Summer Drift Continues

  Published 22 August 2014 | viewed 0 times

  Gold drifted lower this week, with the price undermined by lack of interest on low volume and a slightly more hawkish tone in the FOMC…

• SCO and Mackinder's Prophecy

  Published 22 August 2014 | viewed 0 times

  There will be a defining geopolitical event next month when India, Pakistan, Iran and Mongolia become full members of the Shanghai Cooperation Organisation (SCO). This…

• New Silver Fix Procedure from Today

  Published 18 August 2014 | viewed 0 times

  I shall come to this important event later in this market report; but first, our customary look at this week's trading. From Monday through Wednesday…