Articles
Alasdair Macleod: The Petroyuan Shift Has Begun
Iran is doing more to promote the petroyuan at the expense of the petrodollar than China has achieved so far. It is accelerating the dollar’s demise at its worst possible moment. Introduction Unlike A...
Alasdair Macleod / April 7, 2026
Read More
Gold’s Biggest Fire Sale in 43 Years: Perception vs. Opportunity
If you are new to gold, or if you are a speculator in gold (or even worse, a levered speculator in gold), you are likely asking yourselves what in the “H. E. double tooth-picks” just happened to gold?...
Matthew Piepenburg / March 22, 2026
Read More
Silver’s Endgame: Almost Too Obvious
The case for silver is now almost too obvious. Silver’s Fat Pitch Like many Americans, I grew up playing a fair amount of baseball. Part of this involved trying to hit a little round ball with the equ...
Matthew Piepenburg / March 15, 2026
Read More
The Fog of Oil
War, oil and gold are making headlines of late for overlapping and independent reasons. Below, we avoid the guesswork, finger-pointing or sensationalism attendant to current headlines concerning Iran...
Matthew Piepenburg / March 6, 2026
Read More
Even Banks Now Bow to a Golden Master
Although I never expected to say this, if you are still wondering about gold’s future price direction, just ask the big banks… Getting Real Emerging from a 2025 in which gold saw 53 all-time-highs and...
Matthew Piepenburg / February 26, 2026
Read More
Private Credit’s Slow-Death: Sending Banks Down & Gold Higher
As headlines and pundits squabble about price moves in gold and silver, many “experts,” as usual, are missing the bigger picture of a historically unprecedented convergence of debt, credit, banking an...
Matthew Piepenburg / February 19, 2026
Read More
Alasdair Macleod: The Threat to Commodity Derivatives
For years, bulls of gold and silver have complained about how derivatives have been used to suppress their prices. Their dreams of the practice ending could be coming true. Introduction If you think a...
Alasdair Macleod / February 17, 2026
Read More
Making Sense of “Silver Friday’s” Utterly Rigged Nonsense
On Friday, January 30, 2026, the world learned (or rediscovered) just how grotesquely rigged the paper gold and silver markets truly are. The Great (Yet Familiar) Fall Despite no change whatsoever in...
Matthew Piepenburg / February 2, 2026
Read More
Oil, Dollars, Gold & Venezuela in a Nutshell
Putting any kind of bow on the current headlines to conveniently explain or “wrap up” recent events in Venezuela would be a fool’s errand. The extraordinary mix, as well as polarized views, as to the...
Matthew Piepenburg / January 18, 2026
Read More
The Maths of a Debt Trap by Alasdair Macleod
Stagnating economies, together with high government debt loads, inevitably create funding crises and debt traps. Nowhere is this problem more destructive than for the fiat dollar. But it’s not just th...
Alasdair Macleod / January 5, 2026
Read More
Gold’s Bigger Picture in a Narrowing 2026
It’s that time of year again to put everything together somehow. But looking back on the knowns of 2025 as we prepare for the inevitable unknowns of 2026, there is little need for the wringing of hand...
Matthew Piepenburg / December 31, 2025
Read More
Silver Just Called the COMEX’s Bluff
December means many things: A year coming to an end, a time for reflection, a time for looking ahead. A time for family and friends, and of course, a time for holiday belly-expansion. However, what ma...
Matthew Piepenburg / December 22, 2025
Read More