…Calmly observing the changing world

(Corrected) Occasionally I have called the European Central Bank “Germany’s Central Bank” in a tongue-and-cheek fashion, hoping to spread awareness that the second is more accurate that the first. The ECB is, without a doubt, a thoroughly German institution, and the German bankers would never have turned over their currency destiny to Europe as a [...]

Normally, gold futures quietly trade on the COMEX without too much fanfare. Even when there is something worth talking about, there is an important point to keep in mind. Just because gold futures are trading hands – bits of electronic data or pieces of paper – doesn’t mean that any actual gold changes hands. At the [...]