Oil is Different Last week , we showed a graph of rising open interest in crude oil futures. From this, we inferred – incorrectly as it turns out – that the basis must be rising. Why else, we asked, would market makers carry more and more oil? Crude oil […]
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Chain necklace and herringbone necklace, variable in yellow and white gold ( see store for detail of variability )
Gold prices early Thursday extended a downdraft that has pushed the metal toward its lowest close in more than a year, in […]
Gold futures slipped anew early Tuesday, remaining below the closely watched $1,200 line, as a leading dollar index posted mild gains. December […]
Looking at Chinese and Russian Policies on Gold in a New Light There is a quiet revolution taking place in the monetary […]
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