Monetary Metals's blog

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For 90 min, the panicky speculator herd stampeded. Then market makers reasserted control. No, not over price--of spread! They did not manipulate the price of gold upwards. They decarried gold, that is, sold spot and bought futures.

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I gave a 45-minute presentation on Yield Purchasing Power at American Institute for Economic Research in Great Barrington, MA on October 14, 2016. I am grateful to the Institute for recording video of my presentation plus extended Q&A.

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Silver ran up 44 cents on the Fed announcement. Then consolidated before running up over $16. It finally exhausted itself $16.15. What happened?!

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Monetary Metals has been predicing a rising gold-silver ratio. This ratio moved up very sharply this week, and now it takes 83.2 ounces of silver to buy an ounce of gold.

It's within a hair’s breadth of breaking out past the high set on Oct 17, 2008.

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On Jan 28, the price of silver flash crashed. This irregularity occurred around the silver fix. The spot price was $14.40 but the fix was $13.58.

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We have made a contrarian call for a falling silver price and a rising gold to silver ratio for years. This ratio has risen a lot during this time. Are we ready to change our call yet?