Monetary Metals's blog

It is a fact that COMEX gold inventories are falling and silver inventories are rising. Why and does this help predict the next price move?

Under their QE programs, the Fed sure has bought a lot of bonds. This has pushed down the interest rate. It's been quite a bull market. It's all good, right? People are making money, financing costs are low, and the deficit to GDP ratio is in check.

Not quite.

In about 15 minutes, the silver price rose 2.2%. In about 15 minutes more, the price fell back to where it had been. Whiskey Tango Foxtrot.

The pattern is obvious. The dollar is going up. The question is why. In one word, the answer is arbitrage.

If you're trading gold, you're really trading the dollar (euro, etc.). There is something fundamental you should know.

What happened to the open interest in COMEX when the Dark Cabal allegedly sold 500 tons of paper gold short on April 12?

"The “coordinated smashdown of gold and silver” was on everyone’s mind this week, but is it true? Did the price of paper gold divorce from physical? Let's look at the data.

Coin shops are running out of silver. The explanation is counterintuitive as discussed in this video.

Gold and silver crashed. Here is a sometimes-humorous and often-irreverent and hard-hitting discussion. This is a different perspective and we hope to expand your thinking about gold and silver.

The savings of the people is going into the government bond. This is defined as the "risk free" asset, but can this really be true? What happens if it is not? This video shows the problem from a different perspective.

I asked the question: is Bitcoin money? (It's price sure is rising parabolically like silver in 2011) In brief, I said no it’s an irredeemable currency.  This generated some controversy in the Bitcoin community.  I took it for granted that everyone would agree that money had to be a tangible good, but it turns out that requirement is not obvious.  This prompted me to write further about these concepts.

Some people believe that by imposing losses on investors and reducing the Cyprus banking system liabilities, the European powers have addressed the problems in Cyprus (if harshly). A dangerous dynamic has been set in motion, which will likely bring many unintended consequrences.

Do you think that depositors in Cyprus are being taxed? That their money is being taken from them to go to the government in Cyprus or to Europe? Most analysis of the Cyprus bailout is wrong...

The root of the problem is the manufacture of counterfeit credit. Examples of counterfeit credit include Greek government bonds... Depositors are paid the lowest interest rate of all, and in return are promised to be made whole, even if it means every other class in the capital structure is utterly wiped out. In Cyprus, they were not. This reckless and politically-expedient decision has consequences.

On March 3, we said that Bitcoin is interesting technology, and a useful currency, but it's not money. Yesterday it crashed to $37. What happened??