Basic Reports

Is Inflation or Deflation Coming? 15 March

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By the M0 measure of the money supply, there was a 52% increase between February 2020 and January of this year. This is a graph of M0 going back to 2000.   There. Proof of the coming hyperinflation. It took centuries to get to $3.4 trillion monetary base, and less than a year to increase […]

The Fedcoin is Coming, 8 March


Before we talk about Fedcoins, let’s look at the old school non-digital, non-blockchain, coin. Gold. And silver. Since January 4, the price has dropped about $244. And the price of silver has fallen about $4. Are these buying opportunities? Or the end of the brief gold bull market of 2020 (i.e. Covid)? It helps to […]

Monetary Metals Gold Brief 2021

gold brief - bull bear

This is our annual analysis of the gold and silver markets. We look at the market players, dynamics, fallacies, drivers, and finally give our predictions for the prices of the metals over the coming year. Introduction Predicting the likely path of the prices of the metals in the near term is easy. Just look at […]

Reddit Residue on Silver, 3 February


The price of silver is going up and down like a yo-yo. On Sunday and into the first part of Monday, the price skyrocketed on news that Reddit was touting the metal. But as the data clearly showed, the price was not driven up by retail buying of physical metal. To be sure, there was […]

Ruh Roh Silver, 2 February

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Sometimes you can count on the manipulation conspiracy theorists to get it exactly wrong. Not just a little bit wrong, nor halfway wrong. Not even mostly wrong. Totally wrong, backwards. Michael Crichton, in talking about the Gell-Mann Amnesia Effect said this:   “You open the newspaper to an article on some subject you know well. […]

What Will Reddit Do With Silver? 29 Jan


The hot story this week is the incredible run up in the stock price of GameStop. A week ago, this was a $40 stock, with the company losing well over $4 a share. That’s not surprising for a retail store operator in the world of lockdowns. What is surprising is what happened this week. The […]

An Economist Rebukes The Economist


There are but two ways that man can deal with man: reason and force. Reason includes invention, design, entrepreneurship, finance, borrowing and lending, construction, production, manufacturing, mining, farming, trade, marketing, distribution, sales, and contract. Force is when someone picks up a gun. The gun is used to override the reason of the victim with the […]

Wrong Measurement, Wrong Macro Call


We have written much on the topic of economic measurement. Does the dollar measure gold, is it appropriate to say that “gold went up”? Or does gold measure the dollar? Does a line of gummy bears laid out on the kitchen table measure the ruler? Does one stretch some rubber bands one day, and say […]

Bitcoin: What Is It Good For?

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It was just two days ago, that we wrote about last week’s slide in the silver price from around $24, to around $22.50. Well, yesterday and today the price ascended back to around $24. The question is whether silver is now just as scarce as it was, scarcer, or more abundant? Read on… But First, […]

That Precious Metals Rumor Mill, 30 November


We are hearing rumors this week of a shortage of the big silver bars, the thousand-ouncers. No, we don’t refer to bullion banks saying this. Nor big dealers, who are happy to sell us as many of these as we can buy. Nor our peeps in high places (we don’t claim to have any such […]