Monetary Metals Supply and Demand Report: 13 July, 2014

Does a $19 price hike in gold count as “fireworks”? How about 32 cents in silver? No? Well, then there were no fireworks in the prices of the metals this week. For the supply and demand fundamentals, read on… First, here is the graph of the metals’ prices. The Prices of Gold and Silver We [...]

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8 replies
  1. Nico says:

    Keith, you’re right.
    Speculative bull run disappears.
    The conditions were super but disappeared perhaps in arbitrage.
    Conditions now, look bad , especially in silver.

  2. [email protected] says:

    As I look now, the DJ has just hit a new high and gold is smashed about $32. Silver is down the exact same % at 2.43%. Coincidence? I don’t know.
    Maybe players who hold metal decided they need cash to ride the bull in the Dow.
    Maybe they just sold because they think both are going to go down and they will buy back later.
    Maybe they just need cash now.

    That’s a lot of maybe’s. One thing is for sure,this whole subject is difficult for me to get my head around.


  3. opusnz says:

    Thanks for your work. You were one of the few people calling for caution when others were saying to jump on the bandwagon. Do you have a longer term chart showing the basis and cobasis for gold over 5 or more years? I think it would be helpful for me to see how it works when gold is at extremes.

    Cheers and thanks.

  4. jmf says:

    Historically, how big is this move in the basis and cobasis ? It seems like the biggest move for quite some time. Didn’t something similar happen before Lehman ?

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