The gold and silver prices dropped this week, 22 bucks and 46 cents respectively. Is this the bottom? Will the dollar begin to resume its fall this week? We would not be short gold here, for sure. Read on… Here is the graph of the metals’ prices. The Prices of Gold and Silver We are […]
Let’s consider speculation and arbitrage, and look at what it really means when the cobasis is deeply negative, in that light. This is the case in silver. Per the definition of cobasis = Spot(bid) – Future(ask), it means either that physical metal is being dumped on the bid, pressing it down, or that people are […]
Back on October 27, we said, “this is probably not the gold price breakout you’re looking for.” Gold was $1352 and silver was $22.54. Now, the gold price has dropped $110 to $1242 and silver dropped $2.69 to $19.85. The silver price is down 12% since then. We prefer to say that the dollar rose […]
The gold price dropped and recovered, ending basically unchanged. The silver price dropped but didn’t bounce the way gold did, ending down 72 cents. As always, we want to know: what are the fundamentals? The speculators can run for a while in either direction, but reality will inexorably pull the price back in line sooner […]
This week, the prices of gold and silver were down 27 bucks and 34 cents, respectively, gold slightly more as a percentage drop than silver. Technical analysts will note that both metals pierced various moving averages to the downside recently. As always, we want to know: what are the fundamentals? The speculators can run for […]
This week, the prices of gold and silver were down 36 bucks and 66 cents, respectively. Prices had been falling the prior Friday, October 25. But CNBC ran a story claiming that Quantitative Easing will continue. That was enough to arrest the fall for the remainder of that trading day, and of course Europe and […]
On Tuesday, US payroll data showed a smaller rise than expected. The prices of the monetary metals shot up on the news. On Friday, CNBC ran a story that reiterated that Quantitative Easing will continue. It was enough to arrest and partially reverse dropping prices. As always, we want to know: what are the fundamentals? […]
On Thursday, the prices of gold and silver took off 50 dollars and 54 cents, respectively, on a statement by Dallas Fed President Dick Fisher. He declared that, “fiscal shenanigans have swamped QE taper prospects”. That was enough to light the fuse. As always, the question is: speculators or hoarders? Read on. We are interested […]
The prices of the monetary metals slid this week, especially on Friday. Gold ended the week 38 bucks lower than last Friday (-2.9%), and silver ended 42 cents lower (-1.9%). We are interested in the changing equilibrium created when some market participants are accumulating hoards and others are dishoarding. Of course, what makes it exciting […]
The “No Taper” announcement has faded. The new temporary obsession is the government shutdown and debt ceiling. Which way is the gold price supposed to go on these news items? No matter. The gold price ended the week down slightly from last Friday, and the silver price was flat. We are interested in the changing […]
