The price of gold already includes a large premium for the precious metal’s status as a refuge from economic and financial uncertainty. With inflation risks still low, it would now take a major new...

We are frequently asked about the relationship between the supply of money and the price of gold. The short answer is that there isn’t one, at least not one that can be relied upon.

The persistent strength of the Japanese currency despite last month’s announcement of an unimpressive fiscal plan has led us to scale back our expectations for a sharp sell-off in the second half of...

The US stock market has rebounded a little this week. We don’t expect a much stronger showing over the remainder of 2010 and are sticking with our view that the S&P 500 will end the year at around...