May, 2014

Barclays Caught Red Handed Manipulating Gold

It was all over the news last week, both mainstream and gold sites. Barclays was caught manipulating the gold price. They were fined £26M, and forced to pay a client who was damaged by their action. The trader who worked for Barclays, Daniel Plunkett, was also fined and banned from working in the financial sector. […]

Monetary Metals Supply and Demand Report: 25 May, 2014

The price of gold was unchanged on the week, and every day in the week too. The silver price ramped 12 cents higher. As always, we are interested in the fundamentals of supply and demand. Speaking of which, there is something interesting in silver. Read on… First, here is the graph of the metals’ prices. […]

The Lazy 1970’s vs. the Frenetic 2000’s

Many people today see the Fed’s Quantitative Easing as money printing. They remember what happened in the 1970’s, and they instantly jump to conclusions. However, we live in a different world. To illustrate this, consider the following story about Joe, a promising and eager young manager in a struggling manufacturing company. Joe excitedly walks into […]

Monetary Metals Supply and Demand Report: 18 May, 2014

The price of gold was pretty sideways this week, though it was up a bit on Wednesday before coming back down. It ended the week about $3 higher. The silver price followed the same basic shape, but ended the week about 20 cents higher. Thus the gold to silver ratio dropped a bit. As always, […]

The End (of the Silver Fix) Is Nigh

For a long time, many in the gold and silver communities have been say that the prices of the monetary metals are manipulated. Recently, one particular allegation came to prominence because it was asserted by the German regulator BaFin. This allegation is that the members of the London Fixes for gold and silver are using […]

Monetary Metals Supply and Demand Report: 11 May, 2014

This was another short week, with Monday a bank holiday in the UK. Through Tuesday, the prices of the metals seemed to want to hold onto the increase that was sparked by an unemployment report. It wasn’t until Wednesday that the prices began to sag, almost but not quite to the pre-unemployment report levels again […]

Monetary Metals Supply and Demand Report: 4 May, 2014

This week again, the prices of the metals were sagging. Until the unemployment data hit. Then the prices began to rise. On the week, the gold price was down $4 and the silver price was down 25 cents. Was it hoarders all round the world, this time, watching the news? Were they sitting in their […]