Premium Reports

Monetary Metals Supply and Demand Report: 14 Dec, 2014

Something big happened in the oil market this week. Gold moved up 15% in terms of oil. Or did the price of oil drop 15% in gold terms? Which should be used to measure which? Here are two graphs to help picture the dilemma. The Price of Gold Measured in Oil  The Price of Oil […]

Monetary Metals Supply and Demand Report: 7 Dec, 2014

The price of gold went up $25, and silver 84 cents. But that’s not the main news in the gold market. A big reversal has occurred in the fundamentals of both metals. Few people know where to look, or would understand even if they saw it. We have written before about the news cycle promoting […]

Monetary Metals Supply and Demand Report: 30 Nov, 2014

The fireworks came this week, with a vengeance—and we do not mean the price moves in the metals. The gold price fell $34, or 2.8%. The silver price fell exactly $1, or 6.1%. We are careful to say that it is the price—the exchange rate to dollars—that goes up or down. Gold does not go […]

Monetary Metals Supply and Demand Report: 23 Nov, 2014

No fireworks this week, with the gold price ending +$13 from last week and the silver price ending +$0.15. Some chartists (and of course the ever-bullish contingency) are calling for a bottom in gold and the price will soon resume its way up to $5,000 and limitless profits. We have a slightly different view. The […]

Monetary Metals Supply and Demand Report: 16 Nov, 2014

On Monday through Thursday, the uptrend in the dollar continued, but on Friday, something snapped. Usually, there is no way to know what triggers a major change. Zero Hedge believes that the fuse of Friday’s fireworks in the monetary metals was lit by the decline in so called inflation expectations in the Thomson Reuters / […]

Monetary Metals Supply and Demand Report: 9 Nov, 2014

A continuing curse—nay, scorn even!—was heaped upon the gold and silver faithful this week. Those who cling still to faith, faith that gold and especially silver will go up, have been grievously injured. Gold fell far below $1140 on Wednesday. Silver got down to $15. At least that’s how gold speculators—those who bet on the […]

Monetary Metals Supply and Demand Report: 2 Nov, 2014

Woe unto the gold speculators, and a curse laid upon the house of silver. At least, that’s how it may feel. In more clinical terms, the gold price fell from $1,230.90 to $1,172.59, or $58.31. The drop this week was 4.7%. The price closed the week below the level set after the crash of 2013, which […]

Monetary Metals Supply and Demand Report: 26 Oct, 2014

On Monday and Tuesday, the hopes of the gold and silver speculators were raised. Early on Tuesday morning (Arizona time) the gold price hit $1,255 and the silver price was $17.66. But by Friday’s close, the prices were down from last week by seven bucks and 8 cents, respectively. Silver, in particular, is developing a […]

Monetary Metals Supply and Demand Report: 19 Oct, 2014

We want to share a thought that has been implicit in many statements in this Report over the last two years. There is no direct or linear connection between the price of gold (or silver) and what we see reported as macroeconomic data, gold mining data, Indian or Chinese imports, jewelry, etc. By the official […]

Monetary Metals Supply and Demand Report: 12 Oct, 2014

The dollar dropped this week. The dollar index fell from 86.69 to 85.91. Of course, this is largely driven by the change in the dollar value in euros, as the euro makes up about 58% of the index. The dollar went from €79.88 to €79.19, or just about -1%. If you’re not an American, don’t […]