Author Archives: Keith Weiner

     

 

 

A Flash Crash in Silver

Last Thursday, January 28, there was a flash crash on the price chart for silver. Here is a graph of the price action.

chart-1-silver flash crashThe Price of Silver, Jan 28 (All times GMT) – click to enlarge.

 

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A Big Move in the Dollar

Wow, did the dollar move down this week! It dropped more than it has in quite a while. It fell 1.3mg gold, or 0.1g silver.

Gold and silver bugs of course are excited, as they look at it as the prices of the metals going up $55 and 72 cents respectively. The collapse of what most think of as money—including especially said gold and silver bugs—is great fun and profitable. At least if you’re short the dollar.

 

The United States' economy deflating.Small punctures were detected in the balloon last week …

Cartoon by Chris Madden

 

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Precious Metals Firm Last Week

The price of the dollar was down 0.50mg gold, to 27.8mg, or if you prefer 0.04g silver to 2.18g. Why do we measure the volatile dollar in terms of gold and silver? There’s nothing else to measure it in, certainly not the dollar-derivatives called euro, pound, franc, yen, and yuan.

In the common tongue, gold was up $20 and silver rose 25 cents.

 

Atocha Silver barA silver bar recovered from the Nuestra Señora de Atocha, which sank in a hurricane off the Florida Keys on 06. September 1622, along with an entire Spanish fleet. Except for three sailors and two slaves, everybody on board drowned.

Photo via atochatreasurecoins.com

 

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Gold vs. Silver

We have consistently been making the 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. So are we ready to change our call yet?

 

oro-banca-inghilterraInterior of a gold warehouse – in this case, a fairly famous one. It belongs to the Bank of England.

Photo credit: Bank of England

 

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Silver Fireworks

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 the stock market, especially on Tuesday and Friday. The stock market ended the week up about 20 points.

Read on for the only proper fundamental analysis of the gold and silver markets…

 

macys-fireworks-2010-e1309708903827Photo credit: twi-ny/mdr

 

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The Stock Market and the Economy

It has come to my attention that, perhaps, the great stock bull market is done. To most people, a bull market is good, and its end is bad. After all, a rising market signifies a healthy economy.


barrons-splat1Oops!

Cartoon by Scott Pollack

 

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Leftist Rhetoric vs. Reality

The rhetoric from the Left is intransigent in its denunciation of wealth. As long as someone is wealthy, there is inequality. This is because there has always been and will always be someone who is poor. So the very existence of a rich man serves as a rebuke to the Left’s worldview, and a fly in the social justice ointment.

 

stinnes_kpd1920An example of a false choice offered by Germany’s communists in the 1920’s: the poster reads: “Voters, decide! Do you want the dictatorship of Stinnes, or the dictatorship of the proletarians?”. In other words, no matter how you choose, there’s only dictatorship for you. Stinnes was a winner of the inflationism of the post WW1 era – a prototypical state-capitalist. However, the poster still backfired, as he happened to be highly popular with his workers.

 

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