Free Archive
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March 29, 2023 – Not Just in Silver and Gold
I am still convinced that futures contract positioning has been the main price driver for silver and gold for decades, and further convinced that the price effect of such positioning is not limited to these two precious metals. Today, I’d...
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March 25, 2023 – Weekly Review
Late-day selling yesterday pushed gold to a weekly loss of $12 (0.6%), after a couple of forays this week above the $2000 mark. Silver still managed to finish 60 cents (2.6%) higher on the week, despite retreating from fresh one-month...
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March 22, 2023 – (Some) Banks Do Dumb Things
One wants to be circumspect about casting too wide of a net around any group or category; be it a people by race or religion, or type of financial institution. Of course, that doesn’t mean individuals or individual institutions can’t...
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March 18, 2023 – Weekly Review
Gold and silver prices surged higher this week, in one of the sharpest advances in memory, as gold gained $121 (6.5%), while silver added $2.15 (10.4%). Although gold clearly led the way higher, silver’s relative cheapness resulted in a greater...
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March 15, 2023 – Instant Education
Perhaps it’s the expected reaction to the news of a few large banks suddenly going under to galvanize attention and, effectively, the forced and widespread education as to the circumstances behind the implosion of Silicon Valley Bank and other banks...
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March 11, 2023 – Weekly Review
Gold and silver prices parted ways this week, as gold ended higher by $12 (0.6%), while silver ended lower by 75 cents (3.5%). Gold finished at four-week price highs, while silver ended at five-month price lows and down in seven...