To help empower gold investors and industrial users, and bring transparency back to the market, Monetary Metals® makes available its unique range of charts based on Keith Weiner’s view that price spreads and arbitrage are key drivers of market activity. We also provide indicative inter-bank wholesale gold and silver forward rates and derived lease rates.
The charts are updated each morning, Eastern Time.
About our gold and silver charts and data
In addition to the basis and cobasis, which form the foundation of our weekly Supply and Demand Report, we also provide indicative inter-bank wholesale gold and silver forward rates and derived lease rates (important to mining companies, refiners, jewelers, and other users of gold). The charts are updated each day early New York/midday London. To produce these charts, Monetary Metals begins with a millisecond accurate tick history of bids and offers for spot and futures markets, licensed from Thomson Reuters. However, this one terabyte of raw data stream is noisy, containing glitches, reflecting ephemeral conditions in the real world as well as spurious noise. Monetary Metals then applies Data Science and unconventional proprietary techniques derived from the field of digital signal processing to this real world data to make it useful.
Gold fundamentals
Monetary Metals’ Fundamental price seeks to back out speculative forces in the gold market to reveal the underlying physical supply and demand picture. The degree of divergence between the market price of gold and the Fundamental price is, in our opinion, an indication of market exuberance or pessimism.
The Fundamental price is computed according to a model based on our economic theory. We believe that this model reflects the forces of supply and demand in the physical market however there is no guarantee that the market price will move to the Fundamental price quickly or ever.
