• Germany’s trade surplus is down to Germany not the ECB (5/25/2017) - The German trade and current account surpluses were nevertheless still very large. Merkel’s attempts to claim that they are a function of a weak euro and a high oil price just won’t wash.
  • Why silver will never be the new gold (3/20/2017) - The question of whether silver will become the new gold is seized on by silver bugs as a justification for prices returning to the recent peaks around $50. Looking at prices charts the two metals seem to react similarly in times of crisis. And the answer is a straightforward and wholehearted, no. While the chemical symbols…