Monetary Metals Supply and Demand Report: 23 Feb, 2014

The dollar dropped a little more this week. Measured conventionally, the gold price rose six bucks and the silver price almost 40 cents. The question everyone should be asking: who is driving up the prices of the metals? Are they, yet again, leveraged speculators buying futures with up to 10:1 leverage? Or has the picture [...]

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3 replies
  1. cj says:

    very interesting work
    since you track basis and cobasis on US futures markets do
    you track the Chinese futures markets since that’s where all
    the gold seems to be going. Or are the Americans actually allowing
    all the gold to be bought by China. last report I read entire worlds production for the last year has gone to China.
    Any comment appreciated

  2. Freeman says:

    Keith – as Fekete stated in his April 2013 article Hydra, the FED is selling unlimited amount of gold futures through the bullion banks. Help me understand how your analysis of the basis/cobasis relationship accounts for the impact of these false signals to the market. Also, any comment on Sandeep’s departure from GSI?

  3. Freeman says:

    And – if “selling unlimited futures” has no impact, why is the FED doing it? This may be obvious to everyone else, but I am still trying to adjust my thought process about this stuff.

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