| Articles related to Notice day |
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 | Keith Weiner - Monetary Metals |
| Standing Ready to Lease Gold |
| We will take another break from capital destruction, to treat a topic which has come up this week. On March 11, we said:
“…central bankers do not think about gold.
Granted, they once did. In the 1960’s, there was the now-infamous London Gold Pool to keep the price of gold at $35. This is endlessly cited as evidence of current central bank price suppression, without bothering to mention that until 1971 the official US policy was to maintain the dollar to gold exchange rate of $35 to the ounce. …
Tuesday, March 20, 2018 |
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| Keith Weiner - Monetary Metals |
| Take It To The Bank: Interest Rates Won’t Rise |
| How Not to Predict Interest Rates
We continue our hiatus from capital destruction to look further at interest rates. Last week, our Report was almost prescient. We said:
The first thing we must say about this is that people should pick one: (A) rising stock market or (B) rising interest rates. They both cannot be true (though we could have falling rates and falling stocks).
We write these Reports over the weekend. At the time of last week’s writing session, Friday’s close on the S&P was 2757 (fuMonday, February 12, 2018 |
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| Keith Weiner - Monetary Metals |
| The Fed’s Passive Aggressive Play |
| Singing the song of rising rates
Last week, we took a break from the theme of the consumption of capital, for our annual Outlook 2018 report. We are going to leave the topic for one more week, while we address a market move which is on everyone’s mind.
Are interest rates now in a rising cycle?
The Fed has been singing the song of rising rates since Yellen hinted at it in September 2014. The Fed’s first hike was December 2015. Here is a graph showing the Fed Funds Rate, which the Fed controls, wiMonday, February 5, 2018 |
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| Keith Weiner - Monetary Metals |
Thoughtful Disagreement with Ted Butler  |
| Dear Mr Butler:
In your article of 2 October, entitled Thoughtful Disagreement, you say, “someone will come up with the thoughtful disagreement that makes the body of my premise invalid or the price of silver will validate the premise by exploding.” I will take you up on your request.
You state your case in this paragraph:
“Here are the issues. Silver (and gold) prices are set by paper dealings on the COMEX by a few large speculators (banks and managed money traders), to the exclusion of input fWednesday, October 4, 2017 |
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| Sprott Money |
| March Comex Silver "Deliveries" - Craig Hemke |
| It seems that every few months, the charade of
"physical delivery" on Comex becomes so outrageous that we feel
compelled to write about it. Well here we are again today.
Before we get to the CME-reported numbers, let's start with the usual background...
What you need to know is that most of this
is just a massive scam. Rarely is any actual, physical metal exchanged.
Instead, the bi-monthly Comex delivery process is primarily a shuffle of
paper warehouse receipts and warrants. Additionally, Thursday, March 30, 2017 |
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| Keith Weiner - Monetary Metals |
| Technical vs. Fundamental, Report 19 Mar, 2017 |
| Every week we talk about the supply and demand fundamentals. We were surprised to see an article about us this week. The writer thought that our technical analysis cannot see what’s going on in the market. We don’t want to fight with people, we prefer to focus on ideas. So let’s compare and contrast ordinary technical analysis with what Monetary Metals does.
Technical analysis, in all of its forms, uses the past price movements to predict the future price movements. In some cases (e.g. momentum Monday, March 20, 2017 |
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| Keith Weiner - Monetary Metals |
| Worried You Might Buy Bitcoin or Gold, Report 5 Mar, 2017 |
| The price of gold has been rising, but perhaps not enough to suit the hot money. Meanwhile, the price of bitcoin has shot up even faster. From $412, one year ago, to $1290 on Friday, it has gained over 200% (and, unlike gold, we can say that bitcoin went up—it’s a speculative asset that goes up and down with no particular limit). Compared to the price action in bitcoin, gold seems boring. While this is a virtue for gold to be used as money (and a vice for bitcoin), it does tend to attract those Monday, March 6, 2017 |
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| Keith Weiner - Monetary Metals |
| Gold Always Wins, Report 6 November, 2016 |
| This week the prices of the metals, as measured in terms of the much-abused and much-hated but much-preferred US dollar, went up. +$28 and +0.66 respectively.
That’s a pretty big deal. So big, in fact, that a prominent voice for the use of gold as money tweeted about it. You may want to skip past this anecdote if you think the dollar is money and gold is just a commodity, like any other, that lets you make money by betting on its price.
Anyways, this guy said that gold is the best performing curMonday, November 7, 2016 |
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| Keith Weiner - Monetary Metals |
| Wile E Coyote Gravity Report 23 October, 2016 |
| Another week without much major price action, gold +$16 and silver +$0.12. At least if you look at the closing prices. However on Monday after New York market hours, there was quite a spike in silver. The close was $17.46. The price was up 10 cents by midnight in New York. By the morning before the open on Wednesday, the price was up another 20 cents, to $17.77.
We’re pretty sure that it had nothing to do with leaked emails from Hillary Clinton. However, it might have had something to do with thMonday, October 24, 2016 |
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| Sprott Money |
| October Comex Gold "Deliveries" - Craig Hemke |
| As we've been monitoring all year, the total
amount of gold allegedly "delivered" through the Comex has soared in
2016. This is simply another anecdotal datapoint of gold demand but the
trend is certainly noteworthy, particularly when you see the numbers
thus far in October.
We've already written about this trend several
times this year. Our most recent article is linked below and I strongly
encourage you to read this post as a refresher before you continue.
http://www.tfmetalsreport.comSaturday, October 22, 2016 |
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| Keith Weiner - Monetary Metals |
| Silver Returns Earthward, Report 11 September, 2016 |
| The prices of both metals were down this holiday-shortened (Labor Day in the US) week, especially on Friday. The decline corresponded to a spike in interest rates. Of course everyone watched the action of the stock market on Friday. Whatever the proximate cause, the root is credit. When borrowing to buy assets does not work, then selling assets to repay debt is required. It could be companies who bought their own shares, it could be European banks. It could be leveraged investors speculators inMonday, September 12, 2016 |
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 | Andy Hoffman - Miles Franklin |
| Waiting Through Prototypical Cartel Shenanigans, For The Next, Inevitable Precious Metals Upleg |
| It’s Monday morning, and the Yen/dollar exchange rate is unchanged from Friday’s close. Thus, gold and silver should be unchanged, too – right? Which I say facetiously, as the premise I wrote about Thursday, based on 15 years of tick-for-tick Precious Metal experience, is again proven true. Which is, the “trading relationship” between Precious Metals and the Yen/dollar – just like their fundamental relationship – is pure fiction. At least, the ridiculous notion that the Bank of Japan’s attemMonday, July 25, 2016 |
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| Sprott Money |
A Timeline For The Next Rally In Gold - Craig Hemke  |
| We've been watching for two weeks as prices have
once again been pushed backward into expirations. However, the pattern
calls for a renewed up trend to begin as soon as next week. Is it
possible to connect the dots and project that far out? Yes!
As we've been following for the past two weeks,
the USDJPY has now rallied seven points or 7% in just eight days as
Krazy Kuroda in Japan has promised to buy 1T yen worth of new government
debt and perhaps even begin the "helicopter money" plan ofSaturday, July 23, 2016 |
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| Keith Weiner - Monetary Metals |
| Silver OMG, Report 3 July, 2016 |
| On Wednesday through Friday, the price of silver spiked massively. It ended the week about $2 higher than the previous week. The last time we recall silver price action like this was about 3 years ago, in August 2013. That one week, the price rose about $2.50. Before that was a week in August 2012, with a price gain of about $2.70. Previously, January 2012, +$2.50. Earlier was Oct 2011, +$4. The biggest was in April 2011, +$4.20.
Looking beyond this week, the whole of year 2016 looks like a paraMonday, July 4, 2016 |
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 | Bill Murphy - Le metropole Café |
| Historic, Mind Boggling Rise In Gold Open Interest Friday |
| June 25 - Gold $1315.60 - Silver $17.72
"There are no markets anymore, just interventions." … Chris Powell, April 2008
GO GATA!
Friday was a historic one for a number of reasons. One of them leaps off the charts this morning in our gold/silver sector world.
Due to the unexpected and stunning Brexit vote, the price of gold began to take off like a cat on a hot tin roof, as you know. At one point gold shot up just pennies shy of $100 an ounce … a price move that my friend John Embry has long saidSunday, June 26, 2016 |
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 | Bill Holter |
| How does COMEX fix this one |
| As you know, May COMEX gold which traditionally is a non event was anything but this year. Last year, a total of 2,500 ounces stood for delivery, this year the number was 221,000 ounces. The amount standing on April 30 was 5.6 tons which steadily grew throughout the month to 6.89 tons. This "growth" throughout the month is something that has never happened before to my knowledge. Now we get the first notice day for June and it's a whopper! 15,493 contracts are standing for dThursday, June 2, 2016 |
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| Keith Weiner - Monetary Metals |
| The Precious Metals Conspiracy, Report 10 Apr, 2016 |
| For at least a few weeks now, we have noticed a growing drumbeat from a growing corps of analysts. Gold is going to thousands of dollars. And silver is going to outperform. Reasons given are myriad. Goldman Sachs apparently said to short gold, so if one assumes that the bank always advises clients to take the other side of its trades—a tricky and dangerous assumption at best—then one should buy gold. Then there’s the change in ETFs, for example the Sprott Physical Silver Fund has had inflows andMonday, April 11, 2016 |
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| Keith Weiner - Monetary Metals |
| Gold Costs 80oz of Silver, Report 21 Feb, 2016 |
| The big news is that the gold-silver ratio closed at 80. This is not only a new high for the move. It’s higher than it has been since 2008.
It’s also exactly what Monetary Metals has been calling for. Last week, we said the gold fundamental was $1,450 and the silver fundamental was $14.90 (i.e. a fundamental value for the ratio over 97 last week). This week, the ratio moved up, and it’s now 1.3 points closer. In other words, silver got cheaper when measured in gold terms.
We had a soggy dollars Monday, February 22, 2016 |
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| Keith Weiner - Monetary Metals |
| The Silver Blaze Report, 14 Feb, 2016 |
| Again, we had another big drop in the dollar this week. No, we don’t mean against the dollar derivatives known as the euro, pound, etc. We mean by the only standard capable of measuring it: gold. The dollar fell 1.4 milligrams, to 25.1mg gold. Or, if you prefer, 0.1 grams of silver.
For some reason, it’s obvious when the price of gold in Zimbabwe goes up from Z$118,000,000 to Z$123,700,000 that Zimbabweans are not getting rich. But when the price of gold rises from US $1,118 to $1,237, as it didSunday, February 14, 2016 |
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| Keith Weiner - Monetary Metals |
| Silver Goes Foom, Report 24 Jan, 2016 |
| This will be a brief report, as we’re focused on releasing our Outlook 2016 Report which is over 8,000 words of our assessment of the gold, silver, currency, and credit markets. Also, this was a holiday-shortened week (Monday was Martin Luther King Day in the US). But that did not stop the fireworks in silver on Friday. We will look at what happened below.
On the week, the prices of the metals were up $9 and 7 cents, for gold and silver respectively. This happened with serious volatility in theSunday, January 24, 2016 |
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