January, 2015

Monetary Metals Brief 2015

It’s the start of a new year. The question on everyone’s mind is whither the prices of gold and silver? This Brief presents our answer (and the full Monetary Metals Outlook 2015 report gives our reasoning). One approach to the question of price is to draw a line, extrapolating the past trend into the future. […]

Monetary Metals Outlook 2015

We have consistently been making the contrarian call for a falling silver price and a rising gold to silver ratio for years. This leads to the logical question. Are we ready to change our call yet? This being the start of a new year, we wanted to take the opportunity to look at this question […]

The Swiss Franc Will Collapse

I have worked to keep this piece readable, and as brief as possible. My grave diagnosis demands the evidence and reasoning to support it. One cannot explain the collapse of this currency with the conventional view. “They will print money to infinity,” may be popular but it’s not accurate. The coming destruction has nothing to […]

Monetary Metals Supply and Demand Report: 25 Jan, 2015

The price of gold jumped a little from Friday to Tuesday (Monday was a holiday in the US) and then went sideways. The price of silver continued to rise through Thursday, up about half a buck. This means that the ratio of gold to silver fell substantially this week. As everyone knows, a falling ratio […]

In America, Government Pays You Interest. In Switzerland, You Pay Government.

The old joke is, “(with a Russian accent) In America, you correct newspaper, but in Soviet Union, newspaper corrects you.” Switzerland is now experiencing the bond market equivalent. In America, the government pays you to borrow but in Switzerland you pay the government. All Swiss bonds have a negative yield out to 9 years. Negative […]

Monetary Metals Supply and Demand Report: 18 Jan, 2015

The dollar is absolutely on a tear! It fell over a milligram, from 25.43 to 24.29mg. In silver terms, it fell even more dramatically, from 1.89 to 1.75g. ‘Course, most people still prefer to see this as a rising gold price—from $1,223 to $1,280 or $57—and a rising silver price—from $16.47 to $17.77 or $1.30. […]

Crude Oil Supply and Demand

We don’t normally analyze the crude oil market. However, there has been a huge price move (which may not be complete yet). With the endless rumors of deals that explain the move, we thought we would look at the spreads. The data shows a startling picture. You should approach supply and demand in this market […]

Monetary Metals Supply and Demand Report: 11 Jan, 2015

The price of gold ripped $35, and silver 75 cents. Some are beginning to say that this is the long-awaited breakout. Technical charts are perking up. Hope is growing faster than the prices. Is this it? Read on, for a picture of the supply and fundamentals… First, here is the graph of the metals’ prices. […]

Monetary Metals Supply and Demand Report: 4 Jan, 2015

This was another short week. The prices of the metals dropped, gold a little and silver a little more. Silver, once again, exchanges for dollars with a 15 handle. For an updated picture of the fundamentals read on… First, here is the graph of the metals’ prices. The Prices of Gold and Silver We are […]