“Gold went up $11.70 this week,” is how most people would say it. This would be perceived as good news amongst the gold bugs. Of course, Monetary Metals looks at it differently. We say, “The dollar fell this week.” Expressing it this way makes it clear that there is no cause for celebration. As we […]
“Gold went up every day this week,” is how most people would say it. This would be cause for great cheer. Of course, we say it differently “the dollar fell every day this week.” Expressing it this way makes it clear that there is no cause for celebration. As we see from looking at the […]
The Gold Basis Report is fundamental analysis of gold and silver. The basis is a measure of availability of metal to the market. When the basis is high and rising, then metal is abundant. When the basis falls below zero, and the cobasis rises above zero (gold goes into backwardation) then that means danger (and […]
The Gold Basis Report is fundamental analysis of gold and silver. The basis is a measure of availability of metal to the market. When the basis is high and rising, then metal is abundant. When the basis falls below zero, and the cobasis rises above zero (gold goes into backwardation) then that means danger (and […]
The Gold Basis Report is the only fundamental analysis of gold and silver available. The basis is a measure of availability of metal to the market. When the basis is high and rising, then metal is abundant. When the basis falls below zero, the gold goes into backwardation then that means danger (and likely higher […]
Gold is bouncing around near its post April 15 low, and silver is on it. Will the dollar break higher and thus bring more pain to the gold bugs? Will the dollar break down from here? Rather than looking at price action, we prefer to look at the fundamentals. The basis is a measure of […]
On the week, the gold price went up about $30. Silver was up $0.11. The gold bugs may be wondering if it’s safe to come out now. One recurrent theme of ours is that it is exceedingly difficult to trade gold against the US dollar. Without leverage, it’s not possible to make a profit in […]
Meanwhile, the spread between the interest rate and the dividend yield or earnings yield makes an attractive arbitrage. If you are the CFO of a public company and your shares pay a 4% dividend and you can borrow at 2%, it is practically a “no brainer”. The problem is that incurring debt for no productive […]
