Monetary Metals Supply and Demand Report: 18 May, 2014

The price of gold was pretty sideways this week, though it was up a bit on Wednesday before coming back down. It ended the week about $3 higher. The silver price followed the same basic shape, but ended the week about 20 cents higher. Thus the gold to silver ratio dropped a bit. As always, [...]



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2 replies
  1. dts says:

    I like your material and time put into your acticles and charts but I have one complaint. Maybe it’s just me, but it seems the scale of your charts are too hard to read on a weekly basis. When you say gold and silver prices were both higher, to me it looks like your charts shows a downward path. Same for GSR, you say it dropped this week but clearly I see it showing a rise. You show 1 month scale on the x axis, would it be possible to show 1 week? Again, maybe it’s just me.

  2. Greg Jaxon says:

    Am I correct to think that “not backwardating” (cobasis staying negative) is caused by some party or parties filling orders for spot gold with overall the same or less concern for counter-party risk?

    Such actor(s) (nominally “sellers”) keep the spot ask in check. Are these folks “de-carrying” for profit, or doing this for some other kind of reward? Is risk-on elsewhere becoming more atttractive?

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