Precious metals were hit hard this week. In dollar terms, silver was down 5% and gold dropped below a price of 1.200 dollar per troy ounce. Today, the prices of gold and silver continued to decline. What is causing this decline? Last week, the Fed’s Open Market Committee (OMC) announced to fully phase out QE3. Precious metals dropped in price, while the dollar strongly appreciated. Theref... »
What the World's Most Famous Central Banker Said about Gold
November 4 2014
Olav Dirkmaat
Why Draghi Lowered Interest Rates in a Surprise Move
September 5 2014
Draghi is a smart guy. If you read the headlines, it appears as if Draghi announced a bold move this week. Little has changed, however, after the slight policy changes already made in June this year. In fact, Draghi’s policy announcement was anything but bold. It was merely a humble extension of what the ECB already announced during the last interest rate decision last June.... »
Olav Dirkmaat
Top 10 Myths about the Gold Standard
August 22 2014
Some people oppose a gold standard, others embrace it. Some invest in gold because they believe in a return of the gold standard and an upward revaluation, some call gold a ‘barbarous relic’ and ask why we should mine gold when we could use paper money. No matter what side you’re on, many... »
Olav Dirkmaat
When Skyscrapers Reach Record Highs, Buy Gold
August 1 2014
Imagine being able to predict market crashes by looking at the height of skyscrapers. Does this seem too far-fetched to you? Actually, the skyscraper index is one of the more robust indicators of economic downturns and crashing markets. And for good reason. The theory is simple: the construction of the next ‘tallest building in the world’ marks the end of a stock market peak. Today ... »
Olav Dirkmaat
