Nothing really has gone wrong with the fundamental gold story since it reached its current price in the summer of 2011. This period was, as we remember, one of feigned panic amongst the media that the United States would actually default on its Treasury obligations. The more fundamental story was that a few domestic and [...]
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Keith WeinerPresident, Gold Standard Institute USA Oct 2, 2012 Dear Mr. Butler: I read your article about silver manipulation at 24hgold.com. I am responding as someone who wants free markets. I want to make one thing clear before I proceed. We have no free markets anywhere today. Without constant government intrusions into the markets, the paper [...] Messrs. Quaintance and Brodsky of QB Asset Management have been advocating a revaluation (monetization) of gold by the Fed and other central banks as a solution to their unsolvable current situation. As they point out, there is never a good ending to monetary expansion and debts which governments cannot ever repay. Gold [...] On Monday, May 14, something happened that hasn’t happened since Dec of 2008. Two successive near-month precious metals futures contracts were in backwardation at the same time. To oversimplify, backwardation is when the price of a futures contract is lower than the price in the spot market. It should not be possible for it to [...] The Wall Street Journal is reporting what is believed to have been a mistaken trade on the Comex that roiled markets for a while, but then settled down: The CME Group Inc.’s Comex division recorded an unusually large transaction of 7,500 gold futures during one minute of trading at 8:31 a.m. EDT. The sale took [...] The March silver futures contract first entered backwardation on Mar 9 and with a few zigs and zags has not only remained there but has gone deeper and deeper in. The April gold future just entered backwardation today. See the graph (backwardation is when (Spot (bid) – Future (offer) > 0). We shall see [...] Those of you who heeded the Daily Capitalist’s DoctoRx on the 19th were no doubt happy that they lightened up on gold as he advised. If you didn’t or if you are new to this site, then I urge you to read his last post, “Short-Term Caution on Gold Bullion: Still Preferring the Miners.” Silver has [...] |
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