Tag Archives: gold price

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Regulated to Death The price of gold fell $13, and that of silver $0.23. Perspective: if you’re waiting for the right moment to buy, the market now offers you a better than it did last week. If you wanted to sell, this wasn’t a good week to wait. Which is your intention, and why? Obviously, last week the sellers were more...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Before it collapsed, the city of Rome had a population greater than 1,000,000 people. That was an extraordinary accomplishment in the ancient world, made possible by many innovative technologies and the organization of the greatest civilization that the world had ever seen. Such an incredible urban population depended on...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Race to the Bottom Last week the price of gold fell $17, and that of silver $0.30. Why? We can tell you about the fundamentals. We can show charts of the basis. But we can’t get into the heads of the sellers. We can say that in the mainstream view, the dollar is rising. The dollar, in their view, is not measured in gold...

With the first half of 2018 now drawn to a close, much of the financial medias’ headlines and commentary relating to the gold market has been focusing on the fact that the US dollar gold price has moved lower year-to-date. Specifically, from a US dollar price of $1302.50 at close on 31 December 2017, the price of gold in US dollar terms has slipped by approximately 3.8% over the last six months to around $1252.50, a...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. “On résiste à l’invasion des armées; on ne résiste pas à l’invasion des idées.” These are the actual words written by Victor Hugo in Histoire d’un Crime (History of a Crime).Translated literally, it means an invasion of armies can be resisted; an invasion of ideas cannot be resisted. However, there are many alternative...

“Fed is tightening into weakness and will eventually over-tighten and cause a recession” “More inflation and a weaker dollar” is “the perfect environment for gold” Geopolitical shocks will return when least expected and gold will soar in flight to safety The Fed raised rates yesterday, as I predicted months ago. I don’t say this to pat myself on the back. The point is, I use a rigorous scientific method to analyze and...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Wrong-Way Event. Last week we said something that turned out to be prescient: This is not an environment for a Lift Off Event. An unfortunate technical mishap interrupted the latest moon-flight of the gold rocket. Fear not true believers, a few positive tracks were left behind. [PT] Fundamental Developments The price of...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Small Crowds, Shrinking Premiums The prices of gold and silver rose five bucks and 37 cents respectively last week. Is this the blast off to da moon for the silver rocket of halcyon days, in other words 2010-2011? We will look at the basis signals in a bit. But for now, we want to comment on the absolutely moribund state...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Oil is Different Last week, we showed a graph of rising open interest in crude oil futures. From this, we inferred — incorrectly as it turns out — that the basis must be rising. Why else, we asked, would market makers carry more and more oil? We are grateful to Peter Tenebrarum at Acting Man and Steve Saville at The...

Are Gold And Silver Obsolete In The Crypto Age? What is the outlook for the global economy, financial markets, crypto currencies such as bitcoin and gold and silver bullion in the digital age? TOPICS IN THIS INTERVIEW 01:00 Diagnosis of the economy and rising inflation 06:00 Possible stock market correction? 09:30 What is triggering higher oil prices? 13:05 Impacts of rising oil prices on the mining sector 14:40 Gold...