Tag Archives: silver

Peculiar Behavior In the last issue of Seasonal Insights I have shown that the gold price behaves quite peculiarly in the course of the trading week. On average, prices rise almost exclusively on Friday. It is as though investors in this market were mired in deep sleep for most of the week. Upon this I received a plethora of inquiries from readers regarding the corresponding moves in silver.  In response  examine the...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. New Chief Monetary Bureaucrat Goes from Good to Bad for Silver The prices of the metals ended all but unchanged last week, though they hit spike highs on Thursday. Particularly silver his $17.24 before falling back 43 cents, to close at $16.82. Never drop silver carelessly, since it might land on your toes. If you are at...

– Perth Mint gold coins see sales double on month in September – Perth Mint silver bullion coin sales surge 78% in September – Perth Mint sold 46,415 ounces of gold in September– Nearly six times more gold coins sold at Perth Mint than U.S. Mint in September – Sales surge at Perth Mint from low base; could indicate trend change and higher demand in coming months Gold Coin Sales, Aug 2012 - Jul 2017(see more posts on...

Too Big to Fail? Dear Mr. Butler, in your article of 2 October, entitled Thoughtful Disagreement, you say: “Someone will come up with the thoughtful disagreement that makes the body of my premise invalid or the price of silver will validate the premise by exploding.” Back in the late 90s this was actually a fairly well-timed case, as silver eventually rose from a low of around $4 in 2000/2001 to a high of almost $50...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango.  Fundamental Developments There were big moves in the metals markets this week. The price of gold was up an additional $21 and that of silver $0.30. Will the dollar fall further?As always, we are interested in the fundamentals of supply and demand as measured by the basis. But first, here are the charts of the prices of...

– Gold up over 100% in major currencies since financial crisis– Gold up 100% in USD, 124% in EUR and surged 200% in GBP– Gold has outperformed equity, bonds and most assets– Gold remains an important safe-haven in long term Gold Prices(see more posts on Gold prices, )Gold prices from August 9th 2007 to August 9th 2017 - Click to enlarge It has been ten years since the global financial crisis began to take hold. At...

US Treasury Secretary Steve Mnuchin visits Fort Knox Gold Later tweeted ‘Glad gold is safe!’ Only the third Treasury Secretary to visit the fortified vault, last visit was 1948 Last Congressional visit was 1974 Speculation over existence of gold in Fort Knox is rife Concerns over Federal Reserves lack of interest in carrying to an audit on gold Gold was last counted in 1953, nine years before Mnuchin was born Mnuchin...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. Fundamental Developments Last week he price of gold was up nine bucks, and that of silver 6 cents. These small changes mask the relatively big drop on Tuesday—$13 in gold and $0.48 in silver — and recovery the rest of the week. The gains above previous week occurred on Thursday. Speculators have lately warmed up to...

The Sage of Omaha’s adage is “it’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.” Berkshire Hathaway Welling Cash Pile, Q2 2013 - Q2 2017 - Click to enlarge But for Warren Buffett the current environment doesn’t appear to be offering up any wonderful companies at fair valuations. The situation is so bad that the cash stockpile of Berkshire Hathaway has more than...

Gold and silver rise as stocks fall sharply after Barcelona attack Gold, silver 0.6% higher in week after last weeks 2%, 5% rise Palladium +36% ytd, breaks out & reaches 16 year high (chart) Gold to silver ratio falls to mid 75s after silver gains last week Perfect storm of financial and geopolitical tensions is driving safe haven demand and should see higher prices Weekly close over $1,300 could see gold quickly...