This week, the price of gold rose $16 but the price of silver fell 39 cents. The catalyst for higher prices was early on Thursday morning (west coast USA time), when the euro and yen rose and to a less extent other assets like crude oil. Credit poured forth somewhere, or a sudden fear of […]
ffThis week, the prices of gold and silver were drifting slowly downwards until Friday morning. It’s not clear what the driver was (could be rumors of the German financial regulator starting to look at gold trading?) From around 7:30am in NY to 9am, the prices rose to above their close from the previous week. At […]
On Friday morning, the Non-Farm Payroll report was released. Instantly, the euro spiked 90 cents, silver spiked 44 cents, and every other asset class reacted. Was this buying of gold and silver by hoarders, who decided to raise their bid by 2%? Or was it speculators using leverage to trade their tired Quantity Theory of […]
An extraordinary thing is happening in silver. Not to its price, which went sideways, but its supply and demand. Read on. Most people would say that “gold went up” $24. Of course, gold does not go anywhere. It is the dollar, which is jittering around like a seismograph needle during an earthquake. Measured in gold, […]
