Wednesday , April 21 2021
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Tag Archives: Chart Update

Workers of the World, Unite Around Your Metal!  Precious Metals Supply and Demand

  Buyers of Gold vs. Buyers of Silver Wow! What a week for dollar! It dropped a whole milligram from 23.2 to 22.2mg gold. The dollar is now at its lowest level in years, and on the verge of breaking down. Silver, the precious metal of the common man [PT] We insist that the dollar cannot be measured in terms of its derivatives, such as the euro or the pound. These currencies depend on the dollar, not the other way around. When all...

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Silver Remains a Monetary Metal – Precious Metals Supply and Demand

    Silver Price Driven by Reservation Demand The price of gold went up a buck last week, but the price of silver dropped back 13 cents. And the gold-silver ratio marches further upwards. Keith spoke at a conference this week, about how to analyze the fundamentals of supply and demand in gold and silver. He talked about the basis of course. Silver coins – silver prices are partly influenced by an industrial demand component, but the...

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The Italian Job – Precious Metals Supply and Demand

  Lira Comeback? The price of gold jumped 35 bucks last week, and that of silver 48 cents. The dollar is now down to 23 milligrams of gold. Keith is on the road this week, so we will just comment on one thing. If Italy is serious about moving back to the lira, that will make the euro less sound (to say nothing of the lira). That will drive people mostly to the dollar, but also to gold. Italian deputy prime minister Matteo Salvini (as...

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A Surprise Move in Gold

  Traders and Analysts Caught Wrong-Footed Over the past week gold and gold stocks have been on a tear. It is probably fair to say that most market participants were surprised by this development. Although sentiment on gold was not extremely bearish and several observers expected a bounce, to our knowledge no-one expected this: Gold stocks (HUI Index) and gold, daily. As noted in the annotation above, a Wells Fargo gold analyst turned...

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Gold vs. Silver – Precious Metals Supply and Demand

    Is Silver Still Useful as a Monetary Metal? The price of gold jumped a whole twenty bucks last week. We imagine that the marginal gold bug is relieved to be rid of his gold, in this opportunity afforded by the highest price since early April. OK, all kidding aside, the price of silver went up a penny. The gold-silver ratio keeps hitting new highs recently (this is actually a long-term trend, frequently interrupted by strong rallies...

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How Not to Launch a Gold Standard – Precious Metals Supply and Demand

    The Money of the Free Market, not of Governments Monday was Memorial Day holiday in America. Last week the price of gold rose 8 bucks, and silver 16 cents. With Keith traveling in Asia right now, this will be a brief report. But speaking of Asia, everyone seems to be talking about China’s (and other countries, such as Russia) accumulation of gold. Accumulation of gold reserves over the past decade by various emerging market central...

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In Gold We Trust 2019 

  The New Annual Gold Report from Incrementum is Here We are happy to report that the new In Gold We Trust Report for 2019 has been released today (the download link can be found at the end of this post). Ronnie Stoeferle and Mark Valek of Incrementum and numerous guest authors once again bring you what has become the reference work for anyone interested in the gold market. Gold in the Age of Eroding Trust A chart from the...

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Stocks, Gold and the Economy – Precious Metals Supply and Demand

  The Seeds of the Next Bust Are Closer to Sprouting The price of gold was up this week, by $10 and that of silver by ¢6. Something is brewing in the fundamentals that we haven’t seen since… last year. We will show a picture of this, below. There are many problems with assuming a rising stock market means a growing economy. We’ve written many times about the much-greater growth of debt, i.e., borrowing to consume, which adds to GDP....

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Bankrupting Coffee Shops – Precious Metals Supply and Demand

    Coffee, Milk and Gold Last week was holiday-shorted due to Good Friday (it’s not an official holiday in the US, but it is in the UK. And this week’s report is a day late due to Easter Monday). The price of gold dropped $15, but the price of silver rose ¢4. Perhaps silver traders got word that we are paying interest on silver, which gives people a reason to hold silver? J A silver bar plus interest…  [PT] The discussion in the...

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What Were They Thinking?

  Learning From Other People’s Mistakes is Cheaper One benefit of hindsight is that it imparts a cheap superiority over the past blunders of others.  We certainly make more mistakes than we’d care to admit.  Why not look down our nose and acquire some lessons learned from the mistakes of others? Bitcoin, weekly. The late 2017 peak is completely obvious in hindsight… [PT] A simple record of the collective delusions from the past can...

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