The Gold Basis Report is fundamental analysis of gold and silver. The basis is a measure of availability of metal to the market. When the basis is high and rising, then metal is abundant. When the basis falls below zero, and the cobasis rises above zero (gold goes into backwardation) then that means danger (and [...]
http://monetary-metals.com/wp-content/uploads/2018/02/MM-MonetaryMetals-Unlock-Homepage-295x62.png00Keith Weinerhttp://monetary-metals.com/wp-content/uploads/2018/02/MM-MonetaryMetals-Unlock-Homepage-295x62.pngKeith Weiner2013-07-01 07:55:462018-03-07 03:05:16Monetary Metals Supply and Demand Report: June 30, 2013
6replies
thinkpeace says:
Keith, are you buying the dips? I like how you added China to the, “If something precipitous occurs” statement. I would love to hear more about the end-game, like when one can’t buy physical gold with FRNs. Enjoy the week!
pobendorf: the true meaning of “world’s reserve currency” is not simply that commodities are priced in gold or that when Korea sells something to Spain the transaction is conducted in dollars.
It means that the dollar is on both sides of every major balance sheet in the world.
Keith, are you buying the dips? I like how you added China to the, “If something precipitous occurs” statement. I would love to hear more about the end-game, like when one can’t buy physical gold with FRNs. Enjoy the week!
thinkpeace: did you read my article When Gold Backwardation Becomes Permanent? And the followup Using Gold Bonds to Avert Financial Arrmageddon?
Keith,
Do you have any idea now , with a bit of a “distance” of what could have occured in April ??. I read that you don’t bite the theory of Ross Norman
http://news.sharpspixley.com/article/ross-norman-gold-crushed-by-400-tonnes-or-usd20-billion-of-selling-on-comex/159239/ so according to you how to explain this phenomenon.
Thanks again
Hi Rueffallais: I wrote this on May
10: http://monetary-metals.com/forensic-basis-analysis-of-apr-12-15-gold-crash/
What’s interesting is that even at this prices which are lower, still, than April 15, we do not see the cobasis going to the moon.
I think even many of the people who think they hold gold for the right reasons are dollar-thinkers. They sell because “gold is going down”.
Most interesting. Who are the debtors trying to get dollars?. I had thought that the US only had creditors..
pobendorf: the true meaning of “world’s reserve currency” is not simply that commodities are priced in gold or that when Korea sells something to Spain the transaction is conducted in dollars.
It means that the dollar is on both sides of every major balance sheet in the world.