Corgano: markets, money and metals
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The gold trap: Why the safe haven is losing its footing
The rally is stalling. For anyone holding gold or silver, the current market setup feels less like a temporary breather and more like a steady slide. We are seeing significant downward pressure across the precious metals sector, and it isn’t looking like…
Latest analysis
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US Economy Grows 3.4% on an AI Investment Boom, but the Details Are Weaker Than the Headline
The US economy grew at a 3.4% annual rate in the third quarter, faster than forecast, as businesses poured money into artificial-intelligence equipment and consumers kept spending. The details are…
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Silver Is 60% Below Its Record and Gold at a One-Year Low: Correction or Structural Shift?
Silver ended October at about $49 an ounce, roughly 60% below its record of $121.67 in January, and gold closed the week near $3,876, a one-year low and about 27%…
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Gold Hits a One-Year Low and Silver Breaks $50 as Oil, Rate-Hike Bets and a Tech Rout Collide
Gold fell below $3,900 an ounce on Friday 30 October, its lowest in about a year, and silver dropped under $50 for the first time since November 2025. Three pressures…
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Record Diesel Margins Meet Washington: How Much Can Policy Squeeze the Refiners?
US refiners are earning record margins on diesel, and their shares have soared. The administration is now trying to push pump prices down before the midterms. But its measures add…
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Midterms: Forecasts Favour a Democratic House, and the Senate Is the Closer Call
Forecasters and prediction markets make Democrats strong favourites to win the House on Tuesday 3 November, and narrower favourites to win the Senate, where soaring diesel costs have put farm-state…
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Fed Decision, Election Discord and the Precious Metals Outlook
The Federal Reserve is expected to hold rates on Wednesday, inflation data follow on Thursday, and Americans vote in the midterm elections next Tuesday. Gold, silver, platinum and palladium are…
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The Looming Banking Crisis? Derivatives, Auto Loans and ‘Bail-ins’
US banks now hold $300.5 trillion of derivatives, about 35% more than a year ago, while subprime car borrowers are falling behind at near-record rates and the deposit insurance fund…
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Gold’s Bear Market Meets a Leveraged AI Boom: What Comes Next
Gold is about 24% below its January record close and is fighting to hold $4,000 an ounce, which puts it in a bear market by most technical measures. With oil…
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