There is nothing like the pain of real losses to impress a principle deeply into people’s psyches. In Cyprus (and likely in other similarly situated countries) a lesson is now clearer to more people and businesses than it has yet been. The Euro-banking system cannot be trusted. Below are our analysis and predictions. We expect […]
The Last Contango Basis Report The dollar went down almost 1%, from 19.71mg to 19.53mg (gold), graphs of the currencies priced in gold here (from now on, in milligrams). The big news after markets closed on Friday was the default in Cyprus. The euro is down against the dollar and against gold in early trading […]
The Last Contango Basis Report The dollar strengthened further this week, which is another way of saying that the price of the metals, measured in dollars, declined. Gold was -$6, and silver -$0.13. On Monday, we published What Drives the Price of Gold and Silver? We argued that the price of a metal could rise […]
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Monetary Metals & Co.
7014 E Camelback Rd #1452
Scottsdale, AZ 85251