Tag Archive for: forensic analysis

Intraday Price Analysis, 10 Nov 2017

In this article, we show intraday graphs of both metals for Friday’s price action and provide our analysis of the basis moves. This is the February gold contract basis plotted with price. Times are GMT. It is interesting how the basis looks like it wants to fall long before the price does. So there is […]

Intraday Price Spike and Crash Analysis, 1 and 3 Nov 2017

In this article, we show intraday graphs of both metals for Wedneday’s price spike and Friday’s price crash, and provide our analysis of the basis moves. Here is the gold intraday graph for Wednesday November 1. This is our recurrent pattern. Basis rising with price, though we read it as reluctant to fall when price […]

Gold and Silver Get Powelled, 27 Oct 2017

On Friday’s “Powell Spike”, somebody thought Powell would be good for gold. The price rallied four bucks in a minute, and then another three bucks within 8 minutes. But who? Was it stackers loading up on coins, prepping for inflatiocalypse? Or was it speculators loading up on leverage, betting on futures? And how can we […]

What Made Silver Go Up, Update 20 Oct 2017

Silver’s move on October 19th was more extreme than gold’s (see here for an explanation of gold’s price action). The price move was four times as great. What of the basis move? The basis move was also correspondingly larger: 30bps vs. 7bps. Again, it uncannily tracks the price. Unlike gold—for whatever it’s worth—the silver basis […]

What Made Gold Go Up, Update 20 Oct 2017

Yesterday, the Department of Labor announced that initial jobless claims dropped. Quite a lot. So naturally, markets reacted. The stock market began to rise. The euro rose, at least for a while. And the prices of our favorite heavy metals rose, particularly silver. Silver was around its low of $16.92 before the report. Two and […]

Gold and Silver Intraday for Friday 6 Oct 2017

These are the intraday charts for Friday, subscriber-only supplement to the Supply and Demand Report for 8 October. The price action was pretty crazy on Friday, so we wanted to show what happened with the basis. Speculative or fundamental? Here is the chart. We see that the basis tracks the price. Although, there is this […]

Is That a Feature or a Bug? Gold & Silver Report 1 Oct 2017

We have covered many reasons why bitcoin is unsound and not money. It’s a ledger of unbacked liabilities. It is designed to have finite quantity but therefore indeterminate and hence volatile value. This makes it unusable for borrowing or lending and hence savings, but a great a vehicle for conversion of one person’s wealth into […]

Yellen Said Something, Gold & Silver Update 20 Sep 2017

Fed Char Janet Yellen said maintain rate, support job market, blah blah. Well, that set off an avalanche of selling. Copper, crude, the Australian dollar, even the euro fell almost 2 cents. Oh yeah, and da boyz in da cartel manipulated gold and silver down. For those hoping to trade their metal for more of […]

Hidden Forces of Economics, Gold & Silver Report 27 Aug 2017

We have noticed a proliferation of pundits, newsletter hawkers, and even mainstream market analysts focusing on one aspect of the bitcoin market. Big money, institutional money, public markets money, is soon to flood into bitcoin. Or so they say. We will not offer our guess as to whether this is true. Instead, we want to […]

Putting the Latest Silver Crash Under a Lens

On Thursday, July 6, in the late afternoon (as reckoned in Arizona), the price of silver crashed. The move was very brief, but very intense. The price hit a low under $14.40 before recovering to around $15.80 which is about 20 cents lower than where it started. Buyers of silver are rejoicing. They can now […]