Basic Reports

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 […]

Human Action in the Silver Market

Human Action Silver Market

Listen to the audio version of this article here. We have recently seen an increase in social media posts about the big increase in short positions by the bullion banks. What would motivate them to short a commodity during this period of inflation, much less a monetary metal when central banks are printing money with […]

Gold and Silver: Breaking Out? Or Breaking Down?

Supply and Demand Report

Two weeks ago, we published This is NOT the Silver Breakout You’re Looking For.  via GIPHY The silver price had gone from $24 to over $26 and the gold price was up about $50/oz over the same period. Our basis indicator made it clear that the rapid runup in prices was driven primarily by […]

Part II of Ukraine and Inflation, Can Russia Enact a Gold Standard?

Gold Exchange Report

To listen to the audio version of this article click here. In Part I we discussed how the fallout from the Russian invasion of Ukraine will lead to inflation, but not in the way most people think.  In Part II we discuss the possibility of Russia repudiating the dollar and going on a gold standard. […]

This is Not The Silver Breakout You’re Looking For!

Supply and Demand Report

To listen to the audio version of this article click here. Every once in a while, one regrets not acting sooner, or not acting soon enough. In our case, we did not publish this Tuesday evening. We should have. Today the price is down, and others may also call for lower silver prices. Oh well. […]