The prices of the metals rose a little this holiday (in the UK) week. The phrase, “like watching paint dry,” comes to mind. We will keep it brief this time, though we have one observation to offer. Every dollar-thinking trader in the market is thinking the other traders should begin buying. What are China’s true […]
For a few days early this week, it got exciting. It looked like the dollar might finally resume its collapse. The gold community was all abuzz. Was this the big gold breakout, when gold goes up and up, and gives endless profits to gold investors the way the stock market has been doing these past […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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? […]
