The price of silver dropped a dollar, or over 4% on Wednesday. Some voices in the precious metals press want you to think that there is only one conceivable cause. We should coin a term for this form of logical...
Since last week’s Report, the price action has been downwards.
The price of gold dropped about $50, and that of silver $1.35. The gold-silver ratio rose to its highest level since the end of 2020.
Technical chartists are either throwing in the...
This time, we start with the gold-silver ratio. Let’s revisit something we said on 23 August:
“…the supply and demand fundamentals of silver are stronger here than they have been since the Covid crisis.
… physical silver is scarcer than gold.”
This corresponds...
Picture, if you will, a government that deliberately inflicts bad policy on the people. I know this sounds crazy, and could never happen, but please bear with me.
Suppose the government criminalizes hiring someone who produces less than an arbitrary threshold....
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A few recent articles bring to the public’s awareness that wealthy investors are preferring not to sell their assets, and thereby pay capital gains taxes. Instead, they borrow against them,...
One way to look at the price of gold, is that it dropped from its high around $1,900 in early June. Another way is to zoom out, and look at the big picture. Here is a 10-year chart of gold...
Sometimes, bad luck can strike. But other times, a catastrophe comes from a series of bad decisions, each the reaction to the consequences of the previous one.
On August 15, 1971, President Nixon decreed that the US dollar would no longer...
No sooner did we write Silver Rorschach Test, than the price of gold flash-crashed, or was smashed down. On Sunday afternoon in Arizona—i.e. Monday morning in Australia and Asia—the gold price dropped sharply. Gold bug sources claim that the drop...
On Friday, August 6, the price of silver fell from around $25.15 to a low around $24.25, or -3.6%. We were told, also on Friday, that this drop occurred at a “weird hour when there was no liquidity.” In fact,...
When we saw the following comment from a prominent otherwise-free-marketer, we knew it was time to write this article.
“…the value of the Fed's "liabilities"(which are so in name only) [scare quotes and parenthetic comment in original] bears only a very...
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