The price of gold sagged all week. The price of silver took a similar journey, though it was up on Monday. On the week, they were down 25 bucks and 28 cents, respectively. On Friday around midnight Arizona time, there was a flash crash. We will publish a forensic analysis of this event late on […]
The Fed made an announcement on Wednesday. Moderate consumer spending growth and improving housing sector balanced against soft business investment and exports. Prices are rising, but not as much as the Fed would like. The announcement roiled the markets. Here’s a graph of the 10-year Treasury yield and the S&P Futures up to and after […]
The price of gold was up $9 this week, while the price of silver dropped 16 cents. This means the gold to silver ratio (a measure of how expensive gold is in silver terms) rose 1.3 points or almost 1.8%. This is a picture of credit contraction writ small. Well, it’s small so far. Since […]
The world is still a mess, just as much as it was last week. Despite that, the price of gold fell $18 and the price of silver fell $0.63. What’s going on? Are the central banks putting the kibosh on the monetary metals? One view is that they don’t want to let people use cash […]
