The price action was not what most of those in the gold community hoped for (or predicted). The price of gold dropped another $24 and that of silver nearly a whole dollar. The big news of course is that the Fed hiked rates another 25 basis points. So far, stock market speculators don’t seem to […]
The price action was mixed this week. Those hoping for dollar declines in gold terms were disappointed. However, silver gave them a sop as the price of the buck declined by one one-hundredth of a gram of silver. In Monetarist terms, gold went down $18 and silver up 11 cents. Monetarism, in its insistence that […]
We’ve gone through a succession of events and processes that were supposed to make gold go up. The following list is by no means exhaustive: Quantitative Easing Bernanke’s Helicopter Drops Janet Yellen’s Keynesianism Obama’s Deficits (US government debt is now a hair away from $20,000,000,000—and that’s just the little part of it they put on […]
Sometimes, we think that every story in the gold community has the same template: I have inside information to share with you My peeps are telling me that <XYZ> will happen If <XYZ> happens, then the gold price will go ballistic (<XYZ> will happen, I just know it) So buy gold now, to front-run <XYZ> […]
“The problem with central banks is that they increase the quantity of money in the same way that the problem with piping sewage into a swimming pool increases the quantity of water.” It’s not really about the quantity, is it? It’s about the quality. We believe that millions of people can see that the quality […]
The big news this week is that Donald Trump was elected to be the next president of the United States. Whether due to his comments about restructuring the government debt, tariffs on imported goods, or other economic concerns, many expected news of his election to push up the price of gold. They were wrong. Every […]
This week the prices of the metals, as measured in terms of the much-abused and much-hated but much-preferred US dollar, went up. +$28 and +0.66 respectively. That’s a pretty big deal. So big, in fact, that a prominent voice for the use of gold as money tweeted about it. You may want to skip past […]
Twice this week, the prices of the metals spiked. Once on early Monday due to a cause unclear to us. The second on Friday late morning (Arizona time) due to, get this, additional problems for Democrat Hillary Clinton. The stock market dropped at the same time that the prices of the metals surged. Call it […]
Another week without much major price action, gold +$16 and silver +$0.12. At least if you look at the closing prices. However on Monday after New York market hours, there was quite a spike in silver. The close was $17.46. The price was up 10 cents by midnight in New York. By the morning before […]
Not much price action at the metals tables in the casino. Gold -$7, and silver -$0.10. Gold to silver ratio unchanged. This will be a brief report, due to the rigors of travel this week. Read on for the only true picture of the fundamentals of the monetary metals. But first, here’s the graph of […]
