The price of silver, as measured in fiat dollars, fell this week despite a 15-cent rally on Friday. The gold price is up three bucks. The net result is that the gold to silver ratio rose higher. On Thursday, it almost kissed 70 from the underside. This is a new high going back to June […]
That slow-burning fuse finally lit off the fireworks in silver. We have long been calling for a rising gold to silver ratio, which means for silver to fall in gold terms (and we are not aware of anyone else who has). On Friday, that ratio spiked over 68. The silver price is now about 456mg […]
We saw one headline this week that merits comment. We have no idea if this represents sentiment among the gold bugs, but it’s interesting. The strong dollar undermines gold. We presume this refers to the price, as gold was money for thousands of years prior to the dollar and will continue to be money for […]
The gold price dropped by $19, and the silver price by $0.26 this week. There was a bit of a rally on Friday, following a bad payroll report. We suppose the logic is that job creation is anemic, therefore the Fed will have to print more, therefore the money supply will increase, therefore gold and […]
The prices of the metals barely moved this week. Readers have been asking if there has been any signs of a turn in the market, especially for silver. Something may be happening. Read on… First, here is the graph of the metals’ prices. The Prices of Gold and Silver We are interested in the changing […]
The gold and silver prices dropped $23 and $0.13, respectively. A 100oz gold future is now worth $2300 less than it was at the close a week ago on Friday. This is a loss of 1.8%. That’s not that bad, but the difficulty comes from the fact that one can buy them using leverage. Assuming […]
We have been bearish on silver in terms of its price measured in objective money—gold—for a long time. We have also expressed bearish opinions on silver as measured in terms of the US dollar. The current trend began on April 26, 2011. This was when the speculative silver bubble burst. On Monday April 25, the […]
The dollar prices of the metals diverged this week. The gold price closed the week up $16, but the silver price dropped 43 cents. To see the picture of the supply and demand fundamentals, read on… First, here is the graph of the metals’ prices. The Prices of Gold and Silver We are interested in […]
The dollar prices of the metals fell this week. Gold closed last Friday trading at $1307 but closed this week at $1293. Silver was $20.70 last week and is now $20.31. Ron Paul said this week that gold could go to infinity. Keith’s commentary on this is published on Forbes. To see the picture of […]
It was a quiet week, with a drop in the monetary metals’ prices on Thursday. There was a bounce back on Friday, with silver bouncing slightly but notably less. We have some observations about the supply and demand fundamentals, so read on… First, here is the graph of the metals’ prices. The Prices of Gold […]
