Free Archive
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September 16, 2023 – Weekly Review
A fairly sharp Friday rally erased a continuing series of new price lows earlier in the week, enough to see gold and silver finish higher for the week, with gold ending $3 (0.2%) higher and with silver ending 15 cents...
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September 13, 2023 – A Remarkable Transfer of Ownership
If there is one thing that has truly transformed the financial landscape over the past 25 years, it has been the adoption of index fund investment, with particular emphasis on the emergence of Exchange Traded Funds (ETFs). ETFs are offered...
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September 9, 2023 – Weekly Review
Gold prices fell $23 (1.2%) for the week (its gain of the prior week), while silver prices got clocked for $1.35 (5.5%). The sharp relative underperformance for silver pushed the silver/gold price ratio wider by nearly four full points to...
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September 6, 2023 – The Change That Matters Most
While I did cover the net positioning changes in detail for the latest Commitments of Trader (COT) report, upon further consideration, I’ve uncovered something that appears to be of profound significance, namely, an extreme change in the pattern of the...
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September 2, 2023 – Weekly Review
Gold prices managed to add to gains for a second week, with the yellow metal closing higher by $23 (1.2%), while late week selling resulted in silver closing 5 cents (0.2%) lower for the week. While the silver/gold price ratio...
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August 30, 2023 – The Big Picture
About six weeks ago, I started writing about what I saw as a Code Red market emergency in COMEX silver, kicked off by a massive increase in total open interest and what turned out to be a massive positioning change...