Premium Reports

Monetary Metals Supply and Demand Report: 26 Apr, 2015

The price of the dollar rose by 0.55mg gold, and 65mg silver. This is obviously bad for gold speculators, who are betting on a falling dollar. It’s less obvious that it’s bad for borrowers, who are also effectively short the US dollar. It now takes a bit more money (gold) to get out of dollar […]

Monetary Metals Supply and Demand Report: 19 Apr, 2015

The price of gold went sideways this week, while that of silver fell 20 cents. For those waiting for The Big Dollar Collapse, i.e. the gold price to skyrocket, it may seem like watching paint dry right now. Or maybe watching the grass grow. Or even waiting for a pot of water to boil. Gold […]

Monetary Metals Supply and Demand Report: 12 Apr, 2015

In this shortened week (Easter Monday), the price of gold ended up $6 higher but it wasn’t flat. The price was sagging Wednesday and Thursday and shot back up on Friday. The price of silver followed the same trajectory but didn’t bounce back as far, so interestingly, the gold to silver ratio rose all days […]

Monetary Metals Supply and Demand Report: 5 Apr, 2015

In the shortened week (Good Friday), the prices of the metals didn’t change much, though it’s notable that the price of gold went up a few bucks while the price of silver dropped a few dimes. We discussed that a few weeks ago. For a picture of the changing supply and demand fundamentals of gold […]

Monetary Metals Supply and Demand Report: 29 Mar, 2015

Another week, another $18 added to the price of gold, and 20 cents to silver. We don’t generally publish technical analysis, but we keep abreast of what the technical world is saying. Not surprisingly, +$24 last week and +$18 this week have generated some excitement. In our estimation, the technicals are starting to look bullish […]

Monetary Metals Supply and Demand Report: 22 Mar, 2015

This week, the price of gold was not moving much until Wednesday. And then, someone or other said something about monetary policy. And boom! Just like that, the price of everything took off like a rocket. By the end of the week, the price of gold was up $24 and the price of silver was […]

Monetary Metals Supply and Demand Report: 1 Mar, 2015

One almost gets the sense that a significant event is going to happen soon. The wisdom of our old friend Gandalf has been paraphrased a number of times in this Report. To quote from him again (not paraphrasing at all this time), “Tt’s the deep breath before the plunge.” We don’t necessarily mean a plunge […]

Monetary Metals Supply and Demand Report: 22 Feb, 2015

The price of gold dropped another 27 bucks, and that of silver fell a buck eleven. Without picking on anyone we saw a headline this weekend, “Can the Bear Get Any Worse?” Regular readers know that we do not regard it as a gold bear market. We regard it as a dollar bull market. Why? […]

Monetary Metals Supply and Demand Report: 15 Feb, 2015

The price of gold dropped another $5 to $1,229, but the price of silver bounced back over 60 cents to $17.34. What gives? How could this be? The conventional wisdom is that silver does whatever gold does, only more. Here is a graph of the open interest in the futures markets for both metals. As […]

Monetary Metals Supply and Demand Report: 8 Feb, 2015

The price of gold dropped about $50, and the price of silver fell about 50 cents. Is this just random market jitter, or the great breakdown? Wait. Great breakdown? Yes, many respected mainstream names think gold should be at most a few hundred dollars, especially given the collapse in the other commodities. Some non-mainstream names […]