The gold price is heading up at the moment, but we can still learn a lot from three big collapses in the gold price which occurred after 1934.

The ECB isn't stopping with government bonds. It will end the current monetary experiment with widespread intervention in corporate debt and all aspects of the market, further destroying what freedom still exists in debt markets.

Money supply growth inched up in May, rising slightly above March's and April's growth levels. But overall growth levels remain quite low compared to growth rates experienced from 2009 to 2016. March's growth rate, for examples, was at a 12-year (145-month) low.