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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 prices of the metals barely moved this week. Readers have been asking if there has been any signs of a turn in the market, especially for silver. Something may be happening. Read on… First, here is the graph of the metals’ prices. The Prices of Gold and Silver We are interested in the changing […]
The United States, and every country, is subject to a monetary authority and legal tender laws. Here in the U.S. we have the Federal Reserve, a central bank that plans money and credit. The Fed thought they had perfected their planning (but of course it cannot be perfected). They thought they had ended the boom […]
The gold and silver prices dropped $23 and $0.13, respectively. A 100oz gold future is now worth $2300 less than it was at the close a week ago on Friday. This is a loss of 1.8%. That’s not that bad, but the difficulty comes from the fact that one can buy them using leverage. Assuming […]
We have been bearish on silver in terms of its price measured in objective money—gold—for a long time. We have also expressed bearish opinions on silver as measured in terms of the US dollar. The current trend began on April 26, 2011. This was when the speculative silver bubble burst. On Monday April 25, the […]
An article caught my eye this week. The Tirumala Tirupati Temple in India has deposited gold at the State Bank of India, and is getting paid interest on their deposit. There is something unique about this. The interest is paid in gold. To understand why no one else is paying interest in gold, let’s first […]
The dollar prices of the metals diverged this week. The gold price closed the week up $16, but the silver price dropped 43 cents. To see the picture of the supply and demand fundamentals, read on… First, here is the graph of the metals’ prices. The Prices of Gold and Silver We are interested in […]
The dollar prices of the metals fell this week. Gold closed last Friday trading at $1307 but closed this week at $1293. Silver was $20.70 last week and is now $20.31. Ron Paul said this week that gold could go to infinity. Keith’s commentary on this is published on Forbes. To see the picture of […]
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 […]
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 […]
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 […]
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