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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.*
To listen to the audio version of this article click here. Many people today see the Fed’s Quantitative Easing as money printing. They remember what happened in the 1970’s, and they instantly jump to conclusions. However, we live in a different world. To illustrate this, consider the following story about Joe, a promising and eager […]
The price of gold was pretty sideways this week, though it was up a bit on Wednesday before coming back down. It ended the week about $3 higher. The silver price followed the same basic shape, but ended the week about 20 cents higher. Thus the gold to silver ratio dropped a bit. As always, […]
For a long time, many in the gold and silver communities have been say that the prices of the monetary metals are manipulated. Recently, one particular allegation came to prominence because it was asserted by the German regulator BaFin. This allegation is that the members of the London Fixes for gold and silver are using […]
This was another short week, with Monday a bank holiday in the UK. Through Tuesday, the prices of the metals seemed to want to hold onto the increase that was sparked by an unemployment report. It wasn’t until Wednesday that the prices began to sag, almost but not quite to the pre-unemployment report levels again […]
This week again, the prices of the metals were sagging. Until the unemployment data hit. Then the prices began to rise. On the week, the gold price was down $4 and the silver price was down 25 cents. Was it hoarders all round the world, this time, watching the news? Were they sitting in their […]
This was also a shortened week due to Easter Monday, not in the US but in the UK. This week, the prices of the metals were sagging until Thursday morning. Then I believe it was rumors of war in Ukraine sent the prices shooting up. Was this fundamentals suddenly shifting? Read on… First, here is […]
We have data only for Mon-Thu, as this was a shortened week due to Good Friday. On Monday, the price of gold bumped up $9 but there was no move in the silver price. On Tuesday, the prices of both metals dropped. The gold price ended the week down $24 from last Friday. The dollar […]
On Wednesday, the Federal Open Market Committee released the minutes of their last meeting. This news helped make a good week for gold speculators. An ounce of gold now exchanges for 16 bucks more than it did at the close last Friday. That’s about 1.5% more of our favorite green paper, for those who count […]
There is a stark difference between the states of the markets for the monetary metals. The number of open futures contracts in gold is low, while in silver it’s high. First, let’s look at the data and then we’ll discuss what it means. Here is the graph showing the open interest. The picture is clear […]
Are you supposed to buy gold when a bad jobs report is released? On Friday, someone did. Jobs creation fell short of 200K and unemployment ticked up. Silver was bought even more than gold. Someone either bought metal on the disappointing news, or speculated that others will be buying it. Hoarders or speculators? Read on… […]
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