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Central Banks’ Gold Strategy

Central Banks’ Gold Strategy

After a bruising couple of weeks, gold and silver markets have started to look more constructive again. Gold fell heavily last week, briefly trading close to $4,100 per ounce, its weakest level for several months. Since then, it has recovered to around the $4,300 to $4,350 area. Silver followed a similar pattern, falling toward the […]
The SpaceX IPO and the Return of Financial Gravity

The SpaceX IPO and the Return of Financial Gravity

The most interesting thing about the SpaceX IPO is not SpaceX. It is what investors are being asked to believe. That may sound unfair, because SpaceX is not just some flimsy market confection dreamed up to exploit the latest financial fashion. It has built rockets, launched satellites and changed the economics of space in ways […]
Should you Sell Your Gold To Buy SpaceX?

Should you Sell Your Gold To Buy SpaceX?

At the time of writing, spot gold was trading near $4,115.90 an ounce after the latest U.S. inflation data, leaving investors with an obvious question: is this a buying opportunity, or is there worse to come? The May Consumer Price Index rose 0.5%, while annual headline inflation climbed to 4.2%, up from 3.8% in April. […]
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