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2024 Gold Outlook Report |
PhD, CEO & Founder
Keith Weiner is a leading authority in the areas of gold, money, and credit and has made important contributions to the development of trading techniques founded upon the analysis of bid-ask spreads. He is the founder of DiamondWare, a software company sold to Nortel in 2008, and he currently serves as President of the Gold Standard Institute USA. He earned his PhD from the New Austrian School of Economics.*
The price of the dollar rose by 0.55mg gold, and 65mg silver. This is obviously bad for gold speculators, who are betting on a falling dollar. It’s less obvious that it’s bad for borrowers, who are also effectively short the US dollar. It now takes a bit more money (gold) to get out of dollar […]
The price of gold went sideways this week, while that of silver fell 20 cents. For those waiting for The Big Dollar Collapse, i.e. the gold price to skyrocket, it may seem like watching paint dry right now. Or maybe watching the grass grow. Or even waiting for a pot of water to boil. Gold […]
In this shortened week (Easter Monday), the price of gold ended up $6 higher but it wasn’t flat. The price was sagging Wednesday and Thursday and shot back up on Friday. The price of silver followed the same trajectory but didn’t bounce back as far, so interestingly, the gold to silver ratio rose all days […]
In the shortened week (Good Friday), the prices of the metals didn’t change much, though it’s notable that the price of gold went up a few bucks while the price of silver dropped a few dimes. We discussed that a few weeks ago. For a picture of the changing supply and demand fundamentals of gold […]
Another week, another $18 added to the price of gold, and 20 cents to silver. We don’t generally publish technical analysis, but we keep abreast of what the technical world is saying. Not surprisingly, +$24 last week and +$18 this week have generated some excitement. In our estimation, the technicals are starting to look bullish […]
This week, the price of gold was not moving much until Wednesday. And then, someone or other said something about monetary policy. And boom! Just like that, the price of everything took off like a rocket. By the end of the week, the price of gold was up $24 and the price of silver was […]
Interest rates have been falling for over three decades. Conventional economics has two things to say about this. One, inflation expectations are falling. Monetarists believe that the interest rate is set based on bond traders’ predictions of future price increases. Two, if employment and GDP are weak, then the central bank should increase the money […]
Last week, we talked about currencies. This week, let’s look at what the dollar is worth. No, we don’t mean purchasing power, which is just the inverse of consumer prices. Every day, every business that wants to remain alive is busy cutting costs. Real prices are in free fall, and some dollar prices too. For […]
Last week, we borrowed a phrase from Gandalf in the Lord of the Rings. We said it felt like, “the deep breath before the plunge”. We added, “We don’t necessarily mean a plunge in the price of gold measured in dollars. It could be a plunge in the price of the dollar. And there are […]
One almost gets the sense that a significant event is going to happen soon. The wisdom of our old friend Gandalf has been paraphrased a number of times in this Report. To quote from him again (not paraphrasing at all this time), “Tt’s the deep breath before the plunge.” We don’t necessarily mean a plunge […]
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