The “No Taper” announcement has been long forgotten, another flash in the pan like most Fed announcements and non-announcements before it. Leveraged speculators jump in, based on the Quantity Theory of Money. If the announcement seems to imply more money “printing” (it’s really borrowing), then prices “should” go up. And the speculators aggressively meet their […]
Heading into Wednesday, the prices of the metals were sagging. Then, the announcement from the Federal Reserve took everyone by surprise. They said they would not “taper” their purchases of bonds. And BAM! All prices rose sharply: stocks, currencies, and our favorite metals. In a minute, the gold price went up $25. Clearly, traders are […]
Welcome, we have a new name and a new format to reflect that this is fundamentally about looking at supply and demand in the gold and silver markets. For an introduction and guide to the concepts and theory, click here. Last week, we said: “Is the long-awaited, much-discussed silver breakout still on? We don’t think […]
Welcome, we have a new name and a new format to reflect that this is fundamentally about looking at supply and demand in the gold and silver markets. For an introduction and guide to the concepts and theory, click here. The gold price was flat, and silver was down slightly. Is the long-awaited, much-discussed silver […]
Silver continued to outperform gold until a sharp reversal towards the end of the week. Is this the big breakout? Or is it a headfake? Silver Read about the recent contango in silver. As we go forward, there is more boilerplate material in this report. This is good for first-time readers or as a refresher. […]
