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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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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Silver Rocket Report 6 Dec, 2015

2015-12-06

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2015-12-06

The prices of the metals moved mostly sideways this week. That is, until Friday. Then foom! (Foom is the sound of a rocket taking off.) From 6 to 10am (Arizona time, i.e. 8 to 12 NY time) the price of gold rose from $1,061 to $1,087. Not surprisingly...

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Light Thanksgiving Week Report 29 Nov, 2015

2015-11-30

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2015-11-30

In this holiday-shortened week (Thanksgiving), the price of gold dropped $20 and silver 10 cents. Friday, when the price dropped the most, could not have had much liquidity as most Americans were out of work shopping or partying. Whatever they may ha...

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Trust and Oil

2015-11-26

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2015-11-26

First, there’s a word for someone who buys gold in the hope its price will rise. This word is not investor, but speculator. Second, statistical anomalies cannot be asserted as proof of manipulation. Also, the article is giving the reader the blueprin...

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Another Look at the Gold Price Drop of 6 November

2015-11-24

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2015-11-24

The prevailing view in the gold community is that banks are speculators who bet on a falling price. To begin, they commit the casino faux-pas of betting on Do Not Pass at the craps table. When everyone wants the price to go up, the banks seem to want...

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Is a 13 or 15 Handle Next for Silver? 22 Nov, 2015

2015-11-23

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2015-11-23

The price of gold dropped six bucks, and silver seven cents. Without much price action, let’s look a few other angles to gain some perspective. First, here’s the chart of both silver and the decidedly not-monetary metal copper.

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A 14 Handle on Silver for Now. 15 Nov, 2015

2015-11-16

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2015-11-16

In gold terms, the dollar went up a small 0.15 milligrams gold. The price of the dollar in silver went up considerably more as a percentage, 0.08 grams to 2.18g. Most people would say that gold went down and silver went down (though we continue to as...

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Gold Price Drop of 6 Nov: Drilling Down

2015-11-10

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2015-11-10

The price of gold dropped abruptly Friday morning (Arizona time). How much of a drop? $10.30, as measured by the bid on the December future. How abruptly? That move happened in under a second. At first, the price of gold in the spot market did not react. This caused what looks like a massive backwardation...

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A 14 Handle on Silver. Again. 8 Nov, 2015

2015-11-09

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2015-11-09

What’s the difference between the Supply and Demand Report 1 November and the Supply and Demand Report 8 November? Just a minor punctuation change. Last week, we asked (rhetorically) if silver would have a 14 handle again. This week, the ...

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Bron Suchecki @bronsuchecki Perth Mint: All that Glitters

2015-11-04

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Bron says , “The mint produces collectables like the Star Wars coins to attract collectors and people with an interest in the films. I don’t buy into the paper gold conspiracy to drive prices down. Of course there is manipulation, but not just on declines it happens during advances too. I don’t believe Chinese gold …

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