Back on October 27, we said, “this is probably not the gold price breakout you’re looking for.” Gold was $1352 and silver was $22.54. Now, the gold price has dropped $110 to $1242 and silver dropped $2.69 to $19.85. The silver price is down 12% since then. We prefer to say that the dollar rose […]
The gold price dropped and recovered, ending basically unchanged. The silver price dropped but didn’t bounce the way gold did, ending down 72 cents. As always, we want to know: what are the fundamentals? The speculators can run for a while in either direction, but reality will inexorably pull the price back in line sooner […]
This week, the prices of gold and silver were down 27 bucks and 34 cents, respectively, gold slightly more as a percentage drop than silver. Technical analysts will note that both metals pierced various moving averages to the downside recently. As always, we want to know: what are the fundamentals? The speculators can run for […]
This week, the prices of gold and silver were down 36 bucks and 66 cents, respectively. Prices had been falling the prior Friday, October 25. But CNBC ran a story claiming that Quantitative Easing will continue. That was enough to arrest the fall for the remainder of that trading day, and of course Europe and […]
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