Category Archive: 6a) Gold and its Price

Main Author Keith Weiner
Keith Weiner
Keith Weiner is president of the Gold Standard Institute USA in Phoenix, Arizona, and CEO of the precious metals fund manager Monetary Metals.
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How the Economist(s) manipulate gold’s value in one chart

2016-02-25

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2016-02-25

Todays “Chart of the Day” from The Economist makes an attempt to show that gold isn’t doing any better when it comes to preserving buying power than currencies such as the Swiss Franc (CHF) or the Japanese Yen (JPY). Roy Sebag, co-fou...

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Gold Costs 80oz of Silver, Report 21 Feb, 2016

2016-02-22

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2016-02-22

The big news is that the gold-silver ratio closed at 80. This is not only a new high for the move. It’s higher than it has been since 2008. It’s also exactly what Monetary Metals has been calling for. Last week, we said the gold fundamental was $1,45...

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The Silver Blaze Report, 14 Feb, 2016

2016-02-15

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2016-02-15

Again, we had another big drop in the dollar this week. No, we don’t mean against the dollar derivatives known as the euro, pound, etc. We mean by the only standard capable of measuring it: gold. The dollar fell 1.4 milligrams, to 25.1mg gold. Or, if...

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Monetary Metals Hires Bron Suchecki

2016-02-12

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2016-02-12

Scottsdale, AZ—Monetary Metals is pleased to announce that it has hired Bron Suchecki as Vice President, Operations. Bron will help the company develop new products and processes. “We are excited to be able to attract someone of Bron’s caliber. We ar...

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They Broke the Silver Fix (Part I)

2016-02-09

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2016-02-09

Last Thursday, January 28, there was a flash crash on the price chart for silver. Here is a graph of the price action. The Price of Silver, Jan 28 (All times GMT) If you read more about it, you will see that there was an irregularity around the silve...

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They Broke the Silver Fix

2016-02-09

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2016-02-09

Part I Last Thursday, January 28, there was a flash crash on the price chart for silver. Here is a graph of the price action. The Price of Silver, Jan 28 (All times GMT) If you read more about it, you will see that there was an irregularity around th...

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Possible Silver U-Turn Report, 7 Feb

2016-02-08

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2016-02-08

Wow, did the dollar move down this week! It dropped more than it has in quite a while. It fell 1.3mg gold, or 0.1g silver. Gold and silver bugs of course are excited, as they look at it as the prices of the metals going up $55 and 72 cents respective...

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Great Graphic: Gold after its Trough?

It had taken out a three-month downtrend line, which we suggested was part of a triangle pattern.  Gold also traced out a double bottom pattern.  The triangle pattern pointed to a move toward $1110 and the double bottom projected to around $1135.

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Possible Sign of Silver Turn, Report 31 Jan, 2016

2016-02-01

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2016-02-01

The price of the dollar was down 50mg gold, to 27.8mg, or if you prefer 0.04g silver to 2.18g. Why do we measure the volatile dollar in terms of gold and silver? There’s nothing else to measure it, certainly not the dollar-derivatives called euro, po...

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Monetary Metals Brief 2016

2016-01-28

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2016-01-28

We have consistently been making the contrarian call for a falling silver price and a rising gold to silver ratio for years. This ratio has risen a lot during this time. So are we ready to change our call yet?

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Outlook 2016

2016-01-26

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2016-01-26

We have consistently been making the contrarian call for a falling silver price and a rising gold to silver ratio for years. This ratio has risen a lot during this time. So are we ready to change our call yet? This being the start of a new year, we w...

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Silver Goes Foom, Report 24 Jan, 2016

2016-01-25

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2016-01-25

This will be a brief report, as we’re focused on releasing our Outlook 2016 Report which is over 8,000 words of our assessment of the gold, silver, currency, and credit markets. Also, this was a holiday-shortened week (Monday was Martin Luther King D...

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Won’t Get Fooled Again, Report 17 Jan, 2016

2016-01-18

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2016-01-18

There is a great lyric in Won’t Get Fooled Again by The Who: Then I’ll get on my knees and prayWe don’t get fooled again Remember last week, when the price of silver spiked? On Thursday that week, the price was moving sideways around $14. Then around...

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Open Letter to the Banks

2016-01-12

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2016-01-12

Jamie Dimon, JP Morgan ChaseBrian T. Moynihan, Bank of AmericaMichael Corbat, Citigroup Gentlemen: On Friday, I attended a digital money summit at the Consumer Electronics Show. I am writing to you to warn you about the disruption that is about to oc...

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Silver Flash in the Pan, Report 10 Jan, 2016

2016-01-11

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2016-01-11

No doubt, many people were excited on Thursday to see a spike in the silver price. The big news almost seemed like it would be a spike in the silver price. We were not quite so exuberant, tweeting (follow us on Twitter @Monetary_Metals):

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Murphy’s Law of Gold Analysis, Report 3 Jan, 2016

2016-01-04

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2016-01-04

Perhaps it may be lesser known than his other Laws, but Murphy wrote one for the basis analysis. It goes like this. If we observe that the fundamental price of a metal is far removed from the market price, the two won’t likely converge the next week....

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Supply and Demand Report 27 Dec, 2015

2015-12-28

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2015-12-28

The prices of the metals rose a bit this quiet, holiday week. Merry Christmas! Speaking of Christmas, Keith’s brother who is an amateur woodworker of growing skill, gave him this present on Friday.

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What Effect Interest Rates

2015-12-22

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2015-12-22

There’s this article, saying rising rates are good for gold. It repeats two old errors: gold goes up, and things that cause it (e.g. a collapsing paper currency) are “good”. We have recently been emphasizing that interest does not correlate well with...

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Janet Yellen Lit the Fuse Report 20 Dec, 2015

2015-12-21

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2015-12-21

The prices of the metals were sagging. Silver was trading around $13.80. On Wednesday, Janet “Good News” Yellen said the magic words. The Federal Reserve hiked the federal funds rate by 25 basis points. The price of silver was surging in anticipation...

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What Silver Rocket? Report 13 Dec, 2015

2015-12-14

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2015-12-14

“That [half a dollar of buying] frenzy was not stackers lining up to buy phyz. It was speculators buying paper. Why does that matter? Speculators, who typically use leverage, can’t hold the market price against the tide of the hoarders. They can push...

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