On Monday and Tuesday, the hopes of the gold and silver speculators were raised. Early on Tuesday morning (Arizona time) the gold price hit $1,255 and the silver price was $17.66. But by Friday’s close, the prices were down from last week by seven bucks and 8 cents, respectively. Silver, in particular, is developing a […]
We want to share a thought that has been implicit in many statements in this Report over the last two years. There is no direct or linear connection between the price of gold (or silver) and what we see reported as macroeconomic data, gold mining data, Indian or Chinese imports, jewelry, etc. By the official […]
The dollar dropped this week. The dollar index fell from 86.69 to 85.91. Of course, this is largely driven by the change in the dollar value in euros, as the euro makes up about 58% of the index. The dollar went from €79.88 to €79.19, or just about -1%. If you’re not an American, don’t […]
