June, 2013

Why is Gold Draining out of COMEX Warehouses?

Gold conspiracy theorists have a new bogeyman. Inventories of gold bars held in the COMEX warehouses are falling. This fact is offered to support the stale allegations of “fractional gold” and “manipulation”. They have been predicting a “signal failure” that is coming any day now, like the Great Pumpkin in the Charlie Brown Halloween special. […]

Monetary Metals Supply and Demand Report: June 9, 2013

The Last Contango Basis Report To dollar thinkers, it looks like gold and especially silver got whacked this week. To those calculating their net worth in silver (if any exist today), this is how it looks.     The dollar went up to a new high for the move. It would seem that the pressures […]

What Do Americans Know About Money?

This video has been submitted into the Amagi Metals video contest www.amagimetals.com

Interest Rate Roadkill

Yield Curve Arbitrage Does a steepening yield curve help bank profits? It depends on whether a bank has already bought long bonds before the steepening curve makes them cheaper. If the banks already own those bonds, then the more the curve steepens, the more it inflicts losses and then the banks have to sell, which steepens the […]

Silver Rises $0.70 on “Fundamentals” (or something)

      Yes, big red candle followed by two big green candles occur at the same time: 6AM – 9AM PDT. Somewhere, a credit spigot opened…    

Monetary Metals Supply and Demand Report: June 2, 2013

Gold is bouncing around near its post April 15 low, and silver is on it. Will the dollar break higher and thus bring more pain to the gold bugs? Will the dollar break down from here? Rather than looking at price action, we prefer to look at the fundamentals. The basis is a measure of […]

Would Gold Bugs Make Sense?

It Wouldn’t Make Sense Not to A gold bug argues it would not make sense for the Fed not to manipulate the gold price: If gold isn’t suppressed, then the Fed would be leaving it to trade in an open and transparent market Banks can short-sell with impunity because if they take losses they can […]