Most precious-metals investors know that silver is more volatile than gold. But do they know just how big that difference really is?
We thought it would be interesting to measure how much greater silver's daily moves are – both in gains and declines – than gold.
We documented the daily price movements for both metals, and then calculated the difference using absolute values. To interp... read more
Admittedly, I'm neither a short-term trader or a technical analyst but, over the years I have noticed how significant some chart patterns seem to be and there's a doozy of a chart pattern that is now set up for precious metals.
In the weekend commentary, it was noted that a symmetrical triangle pattern had emerged for the gold price and that this pattern often times results in a big move out... read more
It’s amazing that no one is talking about this.
‘China’s demand is robust’ they’ll say. ‘China may overtake India as the top gold consumer’ they’ll add. ‘Exports rise year over year’ the chatter continues.
But no one, and I mean no one, in the mainstream is calling a spade a spade. China is hoarding gold at a rate never seen before – like modern day conquistadors. On... read more
Ron Paul spoke with Bloomberg television (see video in Commentary) and said that we are in a currency war and we have been for decades. He noted that governments have always competed against each other’s currencies even under Bretton Woods. It has always been a form or protectionism and will make people want to export more.
Dr. Paul said don’t blame countries like China and Japan just lo... read more
Gold is the most precious of all the metals, and love is the most precious of all emotions. Therefore, when it comes to the economics behind them we shouldn’t be surprised how similar they are.
The cost of Valentine’s between 2011 and 2012 increased by 8%, in comparison the price of gold increased by over 6%. The difference between them though was that if you chose to buy gold for your l... read more
If you had to guess which country has stacked the most gold in its central bank in the last ten years – who would you pick?
Would it be India, the world’s biggest importer of gold?
Or maybe China, the biggest force in the modern gold market?
Nice try, but you’d be wrong with either guess.
The unexpected winner has accumulated a formidable stash – and just in time for the hug... read more
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Number 10: There Is Not Enough Gold (Or Silver) In The World To Serve As Money
When Vladimir Putin says the U.S. is endangering the global economy by abusing its dollar monopoly, he’s not just talking. He’s betting on it.
Not only has Putin made Russia the world’s largest oil producer, he’s also made it the biggest gold buyer. His central bank has added 570 metric tons of the metal in the past decade, a quarter more than runner-up China, according to IMF data... read more
The baby boomers now retiring grew up in a high returns world. So did their children. But, as Credit Suisse notes in their 2013 Yearbook, everyone now faces a world of low real interest rates. Baby boomers may find it hard to adjust. However, McKinsey (2012) predicts they will control 70% of retail investor assets by 2017. So our sympathy should go to their grandchildren, who cannot expect the... read more
As I look back at the gold and silver market signals we recently published and our 2013 silver forecast, which predicted a price well above $50 per ounce (the high reached in April 2011), I can't help but to wonder what fundamental factors will spark this "hyperbolic" move?
Several major fundamental factors are developing that could send precious metal prices soaring.
Free Money, Inflatio... read more
