The prices of the metals dropped by 20 bucks and 20 pennies this week. In other words, the dollar went up ½ milligram gold or 30 mg silver. It wasn’t the euro, which ended the week unchanged. It wasn’t the US stock market, which ended up seven bucks.
What was it? ...
Read More »
Tag Archive: Gold Backwardation
And Then There Was None (Backwardation) 18 Oct, 2015
The dollar dropped about half a milligram gold, and 50mg silver.
But who wants to read about the universal currency falling, failing? Few people are so barbarous as to think of the dollar’s value as being priced in terms a monetary metal. As all right thinking folks know, the value of these commodities ...
Read More »
Read More »
The Decline and Fall of Silver Backwardation 11 Oct, 2015
The gold price moved up $18. However, the silver price moved up 60 cents which is a much bigger percentage. The silver community is getting pretty excited.
A market trend will often begin when a small number of traders learn something new. As they begin buying (or selling), the price begins to move. Others become aware of the ....
Read More »
Read More »
Price Moves and Term Structures 20 Sep, 2015
The prices of the metals moved up a bunch this week, with gold + $32 and silver +$0.55. We have seen some discussion of gold backwardation in the context of scarcity, and hence setting expectations of higher prices. That’s good, as the swings from contango to backwardation and back ....
Read More »
Read More »
3a) Gold and its price: Monetary Metals
Monetary Metals specialist Keith Weiner gives a weekly update on price movements of gold and silver and the causes. Moreover, George Dorgan gives the fundamental basis for pricing gold and silver.
Read More »
Read More »
The Fed Will Remain Gold’s Strongest Supporter For Years
In the early 1980s the Fed stopped the wage-price spiral and destroyed the gold price. Today main-stream economists have discovered that rising company profits compared to stagnating wages could an issue for the U.S. economy. For us this implies that the ultimate Fed goal will be to increase wages and inflation. Consequently the Fed has become the biggest supporter of gold and silver prices.
Read More »
Read More »