On Thursday, a Ukrainian rebel and/or Russian shot down a Malaysian airline. The price of gold shot up, and the price of silver spiked even more. Were we of a conspiratorial mindset, we would say it was suspicious. We would post a graph of the silver price, labeled with the precise timing of the news. […]
Does a $19 price hike in gold count as “fireworks”? How about 32 cents in silver? No? Well, then there were no fireworks in the prices of the metals this week. For the supply and demand fundamentals, read on… First, here is the graph of the metals’ prices. The Prices of Gold and Silver We […]
This week was shortened due to the 4th of July holiday in the US. Still, there were no fireworks in the metals markets, unlike in the sky on Friday evening. The prices of the metals crept up slightly. The supply and demand fundamentals, on the other hand… First, here is the graph of the metals’ […]
Viewed from our stable perch on a boat tossing in the stormy dollar seas, the lighthouse that is gold went up 1 meter dollar. Silver went up 5 inches cents. The fireworks of last week did not recur this week. We will look at how the fundamentals of supply and demand changed this week… First, […]
Measured in gold, the dollar fell about 0.4mg, to 24.36mg. In silver, the action was more dramatic, with a 60mg loss, to 1580mg silver. What happened this week? The stock market, perhaps, began to roll over. The euro was down a copper-clad zinc penny, from $1.36 last week to $1.35 on Friday. Whatever the news, […]
It was a pretty quiet week until, BAM, the European Central Bank dropped a bomb. They lowered three of their benchmark rates, and made the deposit rate negative. I wrote an article on Forbes, contrasting what they say it will accomplish with what I think will actually happen. The prices of the monetary metals had […]
This week was a shortened week due to Memorial Day on Monday, but those four days must have seemed eternity for silver speculators. The gold price dropped all week, but the $30 out of $41 of the fall occurred on Tuesday. The silver price dropped 40 cents on Tuesday and 17 cents on Friday, down […]
The price of gold was unchanged on the week, and every day in the week too. The silver price ramped 12 cents higher. As always, we are interested in the fundamentals of supply and demand. Speaking of which, there is something interesting in silver. Read on… First, here is the graph of the metals’ prices. […]
The price of gold was pretty sideways this week, though it was up a bit on Wednesday before coming back down. It ended the week about $3 higher. The silver price followed the same basic shape, but ended the week about 20 cents higher. Thus the gold to silver ratio dropped a bit. As always, […]
This week again, the prices of the metals were sagging. Until the unemployment data hit. Then the prices began to rise. On the week, the gold price was down $4 and the silver price was down 25 cents. Was it hoarders all round the world, this time, watching the news? Were they sitting in their […]
