Premium Reports

Monetary Metals Supply and Demand Report: May 12, 2013

The dollar gained this week about 0.3g, which means gold “went down” $22. The gold bugs may be feeling cheated again. We are more interest in the basis than the price. First, here is the graph showing the prices of the metals in dollar terms. There was a little motion upwards, but mostly sideways and […]

Monetary Metals Supply and Demand Report: May 5, 2013

Sometimes not a lot happens. The dollar fell this week about 0.1g, which means gold “went up” $8. The gold bugs may be feeling somewhat better, but what is the basis saying? First, here is the graph showing the prices of the metals in dollar terms. As with last week, there was some up and down […]

Monetary Metals Supply and Demand Report: April 28, 2013

There were no more Dark Cabal “smashdowns” this week. Gold rose $56, which is to say the dollar fell about 0.9mg this week. The gold bugs may be feeling somewhat vindicated, but what is the basis saying? First, here is the graph showing the prices of the metals in dollar terms. There was some up […]

The Gold Futures Open Interest Caper: Part 2

Regular readers will know that most traders with a short position in the futures market are not “naked”. It is an easy trap to fall into, to assume that everyone else in the market is the same as the small trader: betting on the likely direction of price. But, this is not the case. The […]

Monetary Metals Supply and Demand Report: April 21, 2013

The Last Contango Basis Report The “coordinated smashdown of gold and silver” was on everyone’s mind this week, but is it true? Did the price of paper gold (futures) divorce from the price of physical gold? One thing is for sure, the dollar gained from 21g to over 22g of gold on Friday. A 5% […]

What is Pushing Down the Gold Price: Part II

This is a continuation of What is Pushing Down the Gold Price: Part I. One factor is the lack of rapidly rising consumer prices. If consumer prices aren’t rising, then this eliminates the need to buy gold as a hedge. Gold speculators are like everyone else. They get frustrated waiting for a rapid price gain […]

Monetary Metals Supply and Demand Report: April 15, 2013: Update

The Last Contango Basis Report: Special Update Since we wrote the Basis Report on Sunday afternoon, the markets have imposed further violence on the prices of both gold and silver. The gold price is $150 lower, and the silver price is $23, $3 lower. We were so curious about what would happen to the basis […]

Monetary Metals Supply and Demand Report: April 14, 2013

The Last Contango Basis Report The number one question on everyone’s mind is: what the heck happened this week? The gold price fell 5% on Friday and the silver price fell 6%. We of course look at this as the dollar getting stronger. We have long been predicting volatility as the paper monetary system goes […]

Monetary Metals Supply and Demand Report: April 7, 2013

The Last Contango Basis Report It would take $12 less to buy an ounce of gold at the end of the week, compared to the beginning. It takes more silver to buy an ounce of gold than it did at the beginning of the week, i.e. the gold:silver ratio rose from 56.4 to 57.9 or […]

Monetary Metals Supply and Demand Report: March 31, 2013

The Last Contango Basis Report It would take $10 less to buy an ounce of gold at the end of the week, compared to the beginning. The dollar is still range-bound. Graphs of the currencies priced in gold are here. Here is an updated chart of the gold and silver “prices”, measured in dollars. Gold […]