Monetary Metals's blog
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.
The prices of the metals were down sharply last week. Was this manipulation? As you’ll see below, the picture in silver is astonishing.
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...
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.
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.
How do we protect the mining operation so that it can operate in both good times and bad while at the same time generating profits that grow with the gold price?
Any backwardation in gold at all is serious. Recently, a related phenomenon has occurred: the GOFO rate has gone negative.
Gold miners hedged by selling their production forward during the bear market. Later, when the price was rising, they bought back their hedges at great expense (Barick alone wasted $6B). There is a better way.
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.
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.