Monetary Metals's blog

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Gold and Silver Speculation





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?

 


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Gold Arbitrage and Backwardation Part III (Gold as a Commodity)





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.

 


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Supply and Demand Report 9 Mar





Everyone knows the dollar is unstable, and falls alarmingly over long periods. And yet we still presume to use this paper to measure the value of gold! Amazing.

 


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Supply and Demand Report 16 Feb





The dollar dropped a lot this week, though most would say gold and silver spiked. Gold owners have 4% more dollars and silver owners have 7.4% more. How much less are those dollars worth?

 


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Gold Arbitrage and Backwardation Part II (the Lease Rate)





In this part, we look at the question: Is gold a currency? Professor Tom Fischer answers, “Yes, gold is a currency with the symbol XAU”.

 


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Bitcoin, Gold, and the Quantity of Money





The linear Quantity Theory of Money holds that if more units of a currency are issued, then the value of each unit should fall. Bitcoin was designed with this idea in mind. It's a fatal flaw.

 


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The Curious Widening of the Bid-Ask Spread in Silver





A widening bid-ask spread in silver would be tantamount to the metal losing its moneyness.

 


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A Curious Development in Silver





The selloff in silver has had an unexpected effect on silver spreads.

 


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Gold and Silver Sentiments Violently Diverged in 2013





Think sentiment in gold and silver are the same? They violently diverged this year. The difference could have a profound impact on your trades.

 


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Supply and Demand 1 December





 

At times silver metal is being dumped in quantity in the spot market, and at other times paper silver is being bought aggressively in the futures market.

 

 


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Supply and Demand Report: 15 Sep, 2013





The prices of the metals were down sharply last week. Was this manipulation? As you’ll see below, the picture in silver is astonishing.

 


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Supply and Demand Analysis of Gold and Silver





There is a tradable approach to analyzing the fundamentals of supply and demand in the monetary metals markets. This article is a brief summary of the approach we take...

 


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Gold Confiscation





 

In 1933, FDR confiscated the gold of Americans. This common telling portrays it as a simple case of robbery. It makes people wonder if 1933 is a precedent. I don’t think it is so simple.

 

 


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Don’t Trade Last Week’s Silver Story!





Since February, there has been at least one silver contract in backwardation and since May 31, the September contract has been backwardated. But that has now come to an end.

 


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