Monetary Metals's blog
It’s terrifying how fast the whole Swiss yield curve sank under the waterline of zero. Now even the 15-year bond has negative interest. The franc has reached the end.
The old joke is "In America, you correct newspaper, but in Soviet Union, newspaper corrects you.” Switzerland is now experiencing the bond market equivalent.
There's been a huge price move in oil. The spreads shows a startling picture.
Shit just got real. The Bank of Japan said it will buy 100% of new bond issuance.
Woe unto the gold speculators, and a curse laid upon the house of silver.
At least, that’s how it may feel. In more clinical terms...
How much higher can the dollar go? Betting on the Fed’s paper has been one helluva speculation... Read on for the supply and demand fundamentals of gold and silver.
The Fed causes a perverse outcome: gorging corporations and dehyradted startups.
The Tirumala Tirupati Temple in India has deposited gold, and is getting paid interest in gold. Why is no one else paying interest in gold?
Notice the “icicles” dripping all over the place? They occur at different times of the day. What are they? Each one is a brief but dramatic price drop.
Something extraordinary occurred this week. The Fed made a routine announcement. Fireworks began the next day. In 6 hours, the price of silver skyrocketed by 5%.
It was all over the news last week, both mainstream and gold sites. Barclays was caught manipulating the gold price. This story is a big deal to the gold community.
One allegation about price manipulation was made by the German regulator BaFin. That proves it, right? Not so fast.
We are not going to lament the folly of traders nor comment on the unemployment data. We watch the dynamic between price setters and the speculators trying to front run them.
There is a stark difference between the states of the markets for the monetary metals. The number of open futures contracts in gold is low, while in silver it’s high. What does it mean?
Gold is a tangible commodity. It's a material good that can be held in the hand, bought and sold--and warehoused. You have to understand warehousing to understand the gold market.