Basic Reports

Buy Gold, Because…

Gold Exchange Report

It’s pretty, isn’t it? Gold, Liquid Gold, and Inflation Gold has a unique appearance. It is also astonishingly heavy—much heavier than it has any right to be. It’s just an inch and a quarter in diameter yet weighs 0.075 pounds. Everyone should hold one in his hand (and own a few). But that’s not why […]

What the Heck Is Happening to Silver?!

Supply and Demand Report

The dollar rose this week, from 17.87mg gold to 18.24mg (that’s “gold fell from $1,740 to $1,705” in DollarSpeak), a gain of 2.1%. In silver terms, it rose from 1.61g to 1.67g (in DollarSpeak, “silver dropped from $19.24 to $18.64), or 3.7%. As always, we want to look past the market price action. Two explanations […]

Rare Gold-Silver Crystal Sighting

Supply and Demand Report

Listen to the audio version of this article here. Something has happened which has not occurred since 2009. The silver basis—our measure of abundance of the metal to the market—has gone way under the gold basis. This means silver is less abundant to the market than gold. Here is the picture. The blue line is […]

Will Interest Rate Hikes Fix Inflation?

Gold Exchange Report

Senator Elizabeth Warren and President Joe Biden claim that inflation[i] is caused by greedy corporations. And they propose to solve this problem by making the corporations pay. Whether it’s extracting a “windfall profits” tax, crushing them under even more regulation, or attacking them with antitrust enforcement, the idea is the same. They propose to harm […]

The Silver Chart THEY Don’t Want You to See!

Supply and Demand Report

On Thursday May 12, the price of silver fell about a buck. As with every one of these big price moves, the question is: what really happened? Below is a chart of the day’s action, with price overlaid with basis. Basis = future – spot. It is a great (i.e. the only) indicator of abundance […]

Forensic Analysis of Fed Action on Silver Price

Supply and Demand Report

The last few days of trading in silver have been a wild ride.  On Wednesday morning in New York, six hours before the Fed was to announce its interest rate hike, the price of silver began to drop. It went from around $22.65 to a low of $22.25 before recovering about 20 cents.  At 2pm […]

Time for a Silver Trade?

Supply and Demand Report

To listen to the audio version of this article click here. The price of silver has been going down, and then down some more. From over $28 a year ago, and over $26.50 a month ago, it’s now at a new low under $22.50. Four bucks down in a month. However, it’s been behaving differently […]

Oil, the Ruble and Gold Walk into a Bar…Part III 

Gold Exchange Report

Listen to the audio article of this version here. Part I – Unpacking the narrative of how Russia is going to change the global monetary system . Read here and listen here. Part II – What is the link between rubles, oil, and gold? What is meant by the word “link?” What impact will that […]

Oil, the Ruble and Gold Walk into a Bar… Part II

Gold Exchange Report

Part II – What is the link between rubles, oil, and gold? What is meant by the word “link?” What impact will that “link” have, if any, on the global monetary system?  To listen to the audio version of this article click here. To Read Part I, click here. To Listen to Part I click […]

Oil, the Ruble, and Gold Walk into a Bar… 

Gold Exchange Report

Part I – Unpacking the narrative of how Russia is going to change the global monetary system  To listen to the audio version of this article click here.  There is a Narrative about Russia and how it will change the monetary system. Many analysts in the gold community are promoting this story. There’s just one […]