The dollar dropped a lot more this week than it has in any one week for a long time. Measured conventionally, the gold price spiked $51, and the silver price by $1.47. Gold owners have 4% more dollars, and silver owners have 7.4% more dollars. However, those dollars are worth less. How much less? To […]
The dollar dropped about another half a milligram this week, to 24.6mg (or, if you still believe the dollar is money, the price of gold rose $23). In silver terms, the dollar dropped 0.06g to 1.56g. Is this the big dollar breakdown (i.e. the big gold breakout)? Read on… Here is the graph of the […]
The dollar rose half a milligram this week, to 25mg (or, if you still believe the dollar is money, the price of gold fell from $25 to $1244). In silver terms, the dollar rose nearly 4%, to 1.62g. Is this it? The dollar’s terminal fall? Read on… Here is the graph of the metals’ prices. […]
This week, the price of gold rose $16 but the price of silver fell 39 cents. The catalyst for higher prices was early on Thursday morning (west coast USA time), when the euro and yen rose and to a less extent other assets like crude oil. Credit poured forth somewhere, or a sudden fear of […]
ffThis week, the prices of gold and silver were drifting slowly downwards until Friday morning. It’s not clear what the driver was (could be rumors of the German financial regulator starting to look at gold trading?) From around 7:30am in NY to 9am, the prices rose to above their close from the previous week. At […]
On Friday morning, the Non-Farm Payroll report was released. Instantly, the euro spiked 90 cents, silver spiked 44 cents, and every other asset class reacted. Was this buying of gold and silver by hoarders, who decided to raise their bid by 2%? Or was it speculators using leverage to trade their tired Quantity Theory of […]
An extraordinary thing is happening in silver. Not to its price, which went sideways, but its supply and demand. Read on. Most people would say that “gold went up” $24. Of course, gold does not go anywhere. It is the dollar, which is jittering around like a seismograph needle during an earthquake. Measured in gold, […]
The dollar fell this week. Most people would say gold went up 10 bucks and silver 66 cents. As always, the question is what happened in supply and demand in the metals? Was this speculation? Fundamentals? Did the market dynamics change? Read on… Here is the graph of the metals’ prices. The Prices of Gold […]
The dollar made a multiyear high, closing on Thursday at over 26mg gold! Not even the Fed’s propaganda squad would trumpet this as good news and not in this way. And, of course, the gold bugs regard it as bad news. Though they say that the dollar is going to zero, they measure the value […]
The gold and silver prices recovered about half their drop the previous week, ten bucks in gold and 21 cents in silver. Is this the blastoff of the metals, long heralded in song and hoped-for by goldbug blogs? Read on, and we promise no Obi Wan Kenobe imitations this time… Here is the graph of […]
