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Category Archive: 6a.) Monetary Metals

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Reddit Residue on Silver, 3 February

2021-02-04

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2021-02-04

Silver Spot vs Mar Basis, February 03
The price of silver is going up and down like a yo-yo. On Sunday and into the first part of Monday, the price skyrocketed on news that Reddit was touting the metal. But as the data clearly showed, the price was not driven up by retail buying of physical metal.

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Ruh Roh Silver

2021-02-03

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2021-02-03

Silver spot vs Mar Basis, February 2
Sometimes you can count on the manipulation conspiracy theorists to get it exactly wrong. Not just a little bit wrong, nor halfway wrong. Not even mostly wrong. Totally wrong, backwards.

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Monetary Metals Issues World’s First Gold Bond Since 1933

2021-01-07

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2021-01-07

Monetary Metals® is pleased to announce the issuance of a bond paying principal and interest in gold. The term is one year, and the interest rate on invested gold is 13%.  According to company CEO Keith Weiner, Ph.D., it is the first proper gold bond in 87 years.

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Reflections Over 2020

2021-01-05

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2021-01-05

Wow, it has been a heckuva year! One thought leads to another on this sunny-but-cool January 1. Having watched a few seasons of Forged in Fire, I’ve gained an appreciation of how difficult it is to pound and grind a lump of steel into a blade, even with power tools. There are many ways for it to go wrong.

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That Precious Metals Rumor Mill, 30 November

2020-12-01

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2020-12-01

Gold Basis and Co-basis and the Dollar Price
We are hearing rumors this week of a shortage of the big silver bars, the thousand-ouncers. No, we don’t refer to bullion banks saying this. Nor big dealers, who are happy to sell us as many of these as we can buy. Nor our peeps in high places (we don’t claim to have any such peeps).

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The Great Reset, 23 November

2020-11-24

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2020-11-24

Gold Basis and Co-basis and the Dollar Price
There are now two entirely different notions of a coming “reset”. One has been popular among those who speculate on the gold price. They expect a revaluation of the dollar.

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Yes, Virginia, There Is An Alternative, 11 November

2020-11-12

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2020-11-12

Gold Basis and the Dollar Price
On Monday the dollar had a ferocious rally, moving up from 15.87mg gold to 16.77mg and from 1.21g silver to 1.32g. In mainstream terms, the price of gold dropped about a hundred bucks, and the price of silver crashed $2.20.

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Recovery: GDP vs MPoD, 2 November

2020-11-03

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2020-11-03

Silver Basis and Co-basis and the Dollar Price
On Wednesday last week, the price of silver dropped from over $24.25 to just a bit over $23 before bouncing back to around $23.50. The next day, the price dropped again, briefly to around $22.60 before mostly recovering (but a dime to a quarter down).

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Why These Gold Standardites Are Wrong, 13 October

2020-10-14

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2020-10-14

On Friday, the price of silver went up from $24.25 to $25.20, or +4%. Let’s look at the graph of the price and basis (i.e. abundance) action. For the first part of the day, the action is from speculators, for the most part.

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Silver Falls, We’ve Got #$*&! Mail

2020-10-07

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2020-10-07

Silver Basis and Co-basis and the Dollar Price
There was a big drop in the price of silver last Wednesday. Then the price moved up, and down, but mostly up. Let’s look at a graph of the silver price and basis showing Sep 30 through Oct 5, with intraday resolution.

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Silver Rises, JP Morgan Manipulates!

2020-09-30

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2020-09-30

Silver Basis and Co-basis
While the silver price was dropping recently, we published analyses here and here. At that time, we saw a basis that fell with price, but which recovered during “off” days. In short, there was not much of a decrease in abundance of the metal to the markets commensurate with the price drops.

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And Silver Crashes Some More! 24 Sept

2020-09-25

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2020-09-25

A few days ago, we wrote about a big silver crash. The price dropped around 7.5%. And the basis dropped from around 2% to 0.6%. At the end, we said: “The key question is: what is the follow-through? If the price stays down and the basis goes back up, that will be a bearish signal. If the basis stays down, that means the silver market is markedly tighter at $24.50 than it was at $26.75.”

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Warren Buffett Shorts The Economy, 18 August

2020-08-20

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2020-08-20

Silver basis price
It must be Monday, because the price of silver skyrocketed. From $26.10, it shot up to $27.50, or +5.4%. The last time we wrote about silver was after its crash to $25. Silver is now priced 10% above that low point.

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Silver Supply & Demand Still Strong at $29, 11 Aug

2020-08-12

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2020-08-12

Silver Basis, Silver Price, 10 August
And, *bam!* Just like that, silver sells for $29. It seems so simple, so obvious, so black-and-white. Seeing the price chart in recent weeks, you wouldn’t know that silver speculators have been waiting for this moment since March, 2013 (when silver crossed the $29 line to the downside, and has not looked back until now).

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Silver Explodes—But Why?

2020-08-07

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2020-08-07

Silver basis overlaid on the silver price
The silver market witnessed another explosive day! At midnight (in London), the price of the metal was $26.90. By 9pm, it had rocketed up to $28.95, a gain of 7.6%. This is not normal.

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One of These Silver Days is Not Like the Other, 23 July

2020-07-24

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2020-07-24

Silver price vs Silver basis
Yesterday, the price of silver spiked about 10%. We wrote that it was driven by: “…buying of physical metal.” And we added: “This is a pretty good signal that a bull market may be returning to silver. Let’s watch the basis and price action closely and see how it develops, before we join the pack…”

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About that Spike in the Silver Price… 22 July

2020-07-23

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2020-07-23

Silver price vs Silver Basis
The price of silver has just spiked up about $2.00—that’s about 10%. All the usual suspects have been calling for silver to skyrocket. With some amusement, we have been watching ads from a guy known for savvy junior mining stock investments, who has been calling for gold to go up for a while.

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Dear Bullion Banks, Please Come Back! Market Report

2020-07-15

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2020-07-15

Gold Basis and Co-basis and the Dollar Price
One of our colleagues recently wrote an open letter to Ted Butler. The point was that Monetary Metals gold leasing is a different kind of activity than what is called “gold leasing” in the institutional bullion market. We make it possible for gold owners to lease their metal to gold-using businesses, and thereby earn interest in gold.

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The Simon-Ehrlich Bet Did Not Settle the Question

2020-07-11

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2020-07-11

Are you familiar with the bet? Ehrlich wrote a book titled The Population Bomb. He held a pessimistic view of the future, in which population growth would outstrip resources (essentially the same as Thomas Malthus).

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Defaults Are Coming, Market Report, 22 June

2020-06-23

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2020-06-23

Silver Basis and Co-basis and the Dollar Price
We are reading now about possible regulations for air travel. In brief: passengers might be forced to spend hours at the airport. Authorities will perform medical checks, including possibly needles to draw blood, no lounges, no food or drink on board the plane, masks required at all times, and even denied the use of a bathroom except by special permission.

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