Tag Archive: Gold-Cobasis

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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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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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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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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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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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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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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A 14 Handle On Silver Again?! 1 Nov, 2015

2015-11-02

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2015-11-02

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? ...

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Little Change to Supply and Demand Report 25 Oct, 2015

2015-10-25

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2015-10-25

At the risk of being boring, there’s not a lot to say about the markets for gold and silver this week (and frankly being on a challenging travel itinerary, flying from Vienna to Sydney to give a keynote at the Gold Symposium this week, is part of it). There was a modest drop in the prices of the metals, $13 in ....

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And Then There Was None (Backwardation) 18 Oct, 2015

2015-10-19

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2015-10-19

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 ...

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The Decline and Fall of Silver Backwardation 11 Oct, 2015

2015-10-12

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2015-10-12

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 ....

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