Monetary Metals Supply and Demand Report: 29 Mar, 2015

Another week, another $18 added to the price of gold, and 20 cents to silver. We don’t generally publish technical analysis, but we keep abreast of what the technical world is saying. Not surprisingly, +$24 last week and +$18 this week have generated some excitement. In our estimation, the technicals are starting to look bullish [...]

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4 replies
  1. prattner says:

    It’s chickens…not eggs. You’re not supposed to count your chickens before they hatch. We’re already got the egg count covered. It’s chickens we’re worried about.

    Watching the basis (for me, at least) has so far been one of the best predictors of gold market behavior. Watching technical analysis has been a complete failure. I’m surprised people ascribe so much value to it.

  2. Bobwhit007 says:

    To truly answer the age old chicken, egg question requires Avery long, long, forward and back analysis. I am not ready yet to say that the MM basis, co basis is long term capable. BUT, in the short time I have been using it, I find it superb on short, weekly type prognostication. Cheers

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