Basic Reports

Silver Rises, JP Morgan Manipulates! 29 September

silver plus chart

While the silver price was dropping recently, we published analyses here and here. At that time, we saw a basis that fell with price, but which recovered during “off” days. In short, there was not much of a decrease in abundance of the metal to the markets commensurate with the price drops. On Monday, the […]

And Silver Crashes Some More! 24 Sept

bull bear graph

A few days ago, we wrote about a big silver crash. The price dropped around 7.5%. And the basis dropped from around 2% to 0.6%. At the end, we said: “The key question is: what is the follow-through? If the price stays down and the basis goes back up, that will be a bearish signal. […]

Silver Crash! 22 September

silver crash image

On Monday, the dollar rose from 1.16 grams silver, to 1.26g. Conventional monetary thinkers believe that the dollar can be measured either in terms of the euro, pound, yuan, etc. Or in terms of consumer prices. But these are not units of measure. And that’s because consumer prices are subject to huge forces pushing them […]

What’s the Price of Gold? It Depends.

PRICE OF GOLD

When someone asks what the price of gold is, the answer depends on which gold market he means. In most cases, the different gold markets are close enough that the minor differences are insignificant. TV news anchors just want to know if the price is in a major trend, up or down (up). Old Uncle […]

Warren Buffett Shorts The Economy, 18 August

buffett-mining

It must be Monday, because the price of silver skyrocketed. From $26.10, it shot up to $27.50, or +5.4%. The last time we wrote about silver was after its crash to $25. Silver is now priced 10% above that low point. But First: The Sage Does a 180 The big news in the monetary metals […]

Silver Purchasing Power or Perverse Incentives? 12 Aug

On Monday, the price of silver continued its epic skyrocket. We say this without hyperbole, this kind of price action does not happen every day. Or every year. It occurs perhaps once a decade. And the same can be said for Monetary Metals writing so many articles about silver in the span of a week! […]

Silver Supply & Demand Still Strong at $29, 11 Aug

silver plus chart

And, *bam!* Just like that, silver sells for $29. It seems so simple, so obvious, so black-and-white. Seeing the price chart in recent weeks, you wouldn’t know that silver speculators have been waiting for this moment since March, 2013 (when silver crossed the $29 line to the downside, and has not looked back until now). […]

Silver Explodes—But Why?

The silver market witnessed another explosive day! At midnight (in London), the price of the metal was $26.90. By 9pm, it had rocketed up to $28.95, a gain of 7.6%. This is not normal. But then, we are not in a normal world. The Republicans are spending like drunken Modern Monetary Sailors. And there’s some […]

The Wealth Effect: Silver Edition

Silver has gone up a lot. In a post-interest world, one cannot earn much return by financing productive enterprise. Instead, people are forced to speculate on whatever asset bubble is inflating at the moment. Speculation is different from investment, in that the speculator’s profits come from the capital of the next investor. It’s a process […]

Inflating a Silver Bubble, 5 August

Recently, we’ve been publishing updates after days when the silver price has spiked up. Now, after Tuesday’s trading action, silver trades over $26. Its price moved up over two bucks (about 8%). The long pattern since the peak price hit back in 2011 has been that a rise in price  accompanies rising abundance. That is, […]