July, 2014

Monetary Metals Supply and Demand Report: 27 July, 2014

It was a quiet week, with a drop in the monetary metals’ prices on Thursday. There was a bounce back on Friday, with silver bouncing slightly but notably less. We have some observations about the supply and demand fundamentals, so read on… First, here is the graph of the metals’ prices. The Prices of Gold […]

Like Dripping Silver Icicles

I don’t typically emphasize price charts in analyzing the market, however something unusual has been happening in the spot (physical) silver market. It did not happen in the silver futures market, nor in the gold market. I have been bearish on silver because of its supply and demand fundamentals, and the price action shown below […]

Legal Tender Renders Planning Impossible

There is much confusion over what the legal tender law does. I have read articles, written by people who are otherwise knowledgeable about economics, claiming that legal tender forces merchants to accept dollars under threat of imprisonment. Recently, I wrote a short article for Forbes clarifying how legal tender law works in the US. Legal […]

Monetary Metals Supply and Demand Report: 20 July, 2014

On Thursday, a Ukrainian rebel and/or Russian shot down a Malaysian airline. The price of gold shot up, and the price of silver spiked even more. Were we of a conspiratorial mindset, we would say it was suspicious. We would post a graph of the silver price, labeled with the precise timing of the news. […]

Monetary Metals Supply and Demand Report: 13 July, 2014

Does a $19 price hike in gold count as “fireworks”? How about 32 cents in silver? No? Well, then there were no fireworks in the prices of the metals this week. For the supply and demand fundamentals, read on… First, here is the graph of the metals’ prices. The Prices of Gold and Silver We […]

Monetary Metals Supply and Demand Report: 6 July, 2014

This week was shortened due to the 4th of July holiday in the US. Still, there were no fireworks in the metals markets, unlike in the sky on Friday evening. The prices of the metals crept up slightly. The supply and demand fundamentals, on the other hand… First, here is the graph of the metals’ […]