global economy

On 11 April gold prices broke above the 200-day moving average. They rose to a high of USD 1,295 per ounce on 17 April. Since then, prices have fallen by close to 5% . . . .

Macron’s victory in the French Presidential election first round was crucial in supporting risk appetite and undermining gold prices, although markets were still wary of the North Korean situation . . . .

Some of the biggest billionaire investors on the planet are actively seeking out precious metals like gold as wealth protection insurance amid the uncertainty of the current geo-political climate . . . .

Investors seek refuge in safe-haven assets as geopolitical tensions send gold and silver prices above key resistance levels due to rising tensions over U.S. relations with Russia and North Korea  . . . .

The head of one of London’s oldest bullion dealers has predicted the gold price will move higher as inflation hits developed markets . . . .

Major decline in gold production will continue into the future . . . .

I’m very impressed with the recent gold action because it’s holding its own in the face of an impending rate hike. It’s fallen off a bit, but not dramatically. It tells you there are good fundamentals behind it, independent of the threat of a stronger dollar . . . .

Reducing debt through debt forgiveness, defaults or inflation is not without consequences. Savings designed to finance future needs, such as retirement, are lost. This in turn results in additional claims on the state to cover the shortfall or reduce future expenditure, which crimps economic activity . . . .

The following is an interview with former US Federal Reserve Chairman Alan Greenspan . . . .

It is two and a half minutes to midnight, the Clock is ticking, global danger looms. Wise public officials should act immediately, guiding humanity away from the brink. If they do not, wise citizens must step forward and lead the way . . . .