Tag Archives: gold basis

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. The Quality of Money “The problem with central banks is that they increase the quantity of money in the same way that the problem with piping sewage into a swimming pool increases the quantity of water.” It’s not really about the quantity, is it? It’s about the quality. We believe that millions of people can see that...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Big News The big news this week is that Donald Trump was elected to be the next president of the United States. Whether due to his comments about restructuring the government debt, tariffs on imported goods, or other economic concerns, many expected news of his election to push up the price of gold. They were wrong....

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. First Rule This week the prices of the metals, as measured in terms of the much-abused and much-hated but much-preferred US dollar, went up. +$28 and +0.66 respectively. That’s a pretty big deal. So big, in fact, that a prominent voice for the use of gold as money tweeted about it. You may want to skip past this...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Hillary Clinton and FBI chief James Comey. As absurd as this must appear to anyone looking at the situation in a detached manner, anything that might endanger Ms. Clinton’s election victory seems to be seen as negative for market confidence. - Click to enlarge Confidence Speculation Twice last week, the prices of the...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Reassertion of Gravity Another week without much major price action, gold +$16 and silver +$0.12. At least if you look at the closing prices. However on Monday after New York market hours, there was quite a spike in silver. The close was $17.46. The price was up 10 cents by midnight in New York. By the morning before...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Fundamental Developments – Scarcity of Precious Metals Increases Slightly Not much price action at the metals tables in the casino. Gold -$7, and silver -$0.10. Gold to silver ratio unchanged. This will be a brief report, due to the rigors of travel this week. Gold and silver prices Read on for the only true picture...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Purveyors of Economic Stability It’s almost like magic. The Fed can say something, or in the case of this Wednesday it can say nothing, and gold and especially silver get a boost of rocket fuel. Actually, the Fed said both yes to rate hikes—in the future—and no to a rate hike now. This was good, if not for people, at...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Interest Rate Convulsions The prices of both metals were down again this week. We would guess that it has something to do with the fact that everyone knows: higher rates are coming to the dollar. The yield on the 10-year Treasury closed the previous week at 1.762% and this week at 1.701%. It may not look like much, but...

[unable to retrieve full-text content]Keith Weiner's weekly look on Gold. Gold and silver prices, Gold-Silver Price Ratio, Gold basis and co-basis and the dollar price, Silver basis and co-basis and the dollar price.

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. The Lighthouse Problem Measured in gold, the price of the dollar hardly budged this week. It fell less than one tenth of a milligram, from 23.29 to 23.20mg. However, in silver terms, it’s a different story. The dollar became more valuable, rising from 1.58 to 1.61 grams. Most people would say that gold went up $6 and...