November, 2013

Monetary Metals Supply and Demand Report: 24 Nov, 2013

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 […]

Monetary Metals Supply and Demand Report: 17 Nov, 2013

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 […]

Monetary Metals Supply and Demand Report: 10 Nov, 2013

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 […]

Monetary Metals Supply and Demand Report: 3 Nov, 2013

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 […]