It is great to see signs of life in both the gold and silver markets. I suggest we wait to see how the market reacts to the short squeeze in both markets. When the panic is over we will probably have a signal to buy both the physical metals and the mining and related stocks.
The common wisdom is that increasing interest rates will have an opposite effect on the gold price, which in a way makes sense. Higher interest rates attract funds away from non-interest producing assets, however, historically this has not been the case.
One monetary system stands out as a beacon and that is the use of gold, either directly or as a fully exchangeable backing to a paper system.
During the week, I have read a number of articles which indicate the dire position of the financial system. I have selected a few relevant items, linked the original articles or interviews and made a few comments as an introduction. Alasdair Macleod of www.goldmoney.com once again produced an extremely useful
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