Monetary Metals Supply and Demand Report: 3 August, 2014

The dollar prices of the metals fell this week. Gold closed last Friday trading at $1307 but closed this week at $1293. Silver was $20.70 last week and is now $20.31. Ron Paul said this week that gold could go to infinity. Keith’s commentary on this is published on Forbes. To see the picture of [...]

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2 replies
  1. andrewscarter says:

    Well, if I read the Silver chart correctly, if the correlation between the Green (price) line and the red (cobasis) line holds good and the corrective trend continues, then we should see cobasis around -0.7% and the price around 1.58 grammes – which is sub $20

    I am not at all confident about the prospects for Silver between now and the end of the year

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