Archive | metals

silver

World Silver Deficits –12 Years Running

According to the recently released Silver Institute 2015 Interim Report, the world experienced annual silver net deficits for 12 years running. This is surprising as the Silver Institute actually reported a small net surplus of silver in 2014. However, the small silver surplus turned into a deficit when 2014 mine supply and total demand figures […]

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Gold crystals

Fractional Reserve Gold Bullion

Q: A roughly 20-year bear market in gold bullion and gold mining shares ended approximately with 9/11. What role, if any, did 9/11 play in this major market turn? A: First of all, my view is that markets are made by human reaction to events. The reaction is a subjective judgement. Objective events do not […]

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Lithium pellets covered in white lithium hydroxide (left) and ingots with a thin layer of black nitride tarnish (right)

Lithium Market Set To Explode – All Eyes Are On Nevada

While other commodities are floundering or completely collapsing in this market, lithium—the critical mineral in the emerging battery gigafactory war—is poised to explode, and going forward Nevada is emerging as the front line in this pending American lithium boom. Most of the world’s lithium comes from Argentina, Chile, Bolivia, Australia and China, but American resources […]

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A pure (>99.95%) silver crystal, synthetic electrolytic made with visible dendritic structures. Weight ≈11g. - No gold here

Is Gold a Commodity or Money?

Q: Could you please comment on the question of whether gold is money or a commodity. Many analysts say that money is whatever society has agreed to use as a medium of exchange, and gold no longer performs that function. Furthermore, if gold were money, it could not significantly increase in value as that would […]

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Barrick Gold Corporation (ABX)

Timing the Low in Gold

From a purely mental perspective it’s a snap. We know when the low will occur and the gold market will turn from a bear to a bull. It will happen when most market participants expect a higher future price than the then spot price plus the cost to carry. Ludwig von Mises, in Human Action, […]

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Gold futures

Gold – A Pause Before a Dive Lower

Gold is currently $225 off it lows established in late June, mounting a very impressive rally in the last two months. The gold bugs are back in the media as a bull market may be re-emerging. My stance is prices appreciated too fast and too much. Does this mean I am a bear…NO…it just means […]

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Silver Futures

Silver Markets don’t Move in a Straight Line

Since bottoming on 6/28 silver futures have appreciated 37% and this happened in two months time. Whenever a commodity moves that much whether it is higher or lower it should be recognized as that velocity is not sustainable. Futures are running into resistance at the 38.2% Fibonacci level just under $25/ounce. One should notice that […]

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Gold Futures chart for August 20, 2013

Gold – Yellow Metal Running into Resistance

In the last two weeks gold has put on better than $100/ounce trading to its highest level since mid-June. Upside was capped at its 100 day MA (red line) and trend line (blue line) that has been present for all of 13’. More impressive has been the move since bottoming on 6/28 at $1183 as […]

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Silver Futures, August 12, 2013

Hi-Ho Silver – A Breakout?

Silver is higher by nearly 5% today trading to its highest levels since 6/19. Since 6/28 when September futures traded as low as $18.17 (33 month low) prices are higher by 17.4%. Two significant developments in the last two trading sessions…a settlement above the 50 day MA (light blue line) which had not occurred since […]

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Gold futures chart

Gold – A Final Push or Just the Beginning?

Since bottoming on 6/28 at $1179.40 August gold futures have advanced 12.5% approximately $150/ounce. As of this post a decisive move through $1300 higher by 2.88% today. One can see on the chart below the horizontal line just below $1300 that had served as resistance now shall serve as support. In three short weeks future […]

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