Personally, I'd been mentally preparing for SIL and the gold stock ETFs and indexes to at least test the 200 day moving averages. Well, if the first half of today…
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Since the SIL/Silver ratio is the one putting a hard test on its major uptrend (daily SMA 200), let's take a closer look at the current situation in relation to…
Silver miners vs. the metal they dig out of the ground are not doing well at all. Gold miners vs. the metal they dig out of the ground have a…
Gold made a perfect test of the SMA 50 (blue). In rising to 1220 in January it has now formed resistance at that point. If it can break through and…
Last week this site got semi hysterical about inflation because a new signal came about in the relationship of silver to gold. This was added to 'push' inflation that we…
I continue to like Thing 2 better than Thing 1 because a) the macro environment - as indicated by today's jobs report and other economic data/indicators - and b) this…
I received an email from a well-known silver analyst who told me that there are no miners actively hedging on the COMEX; that the title of Producers are actually populated…
Gold is Monetary Value
We preface the post with a statement that has not changed since I began public writing nearly 10 years ago: Gold is not about price; gold is about value. This point was hammered home to me 11 years ago by a person who had much influence upon my viewpoint toward the financial system and its various diseased components at a time when I was ready to listen and understand.
So whether we are talking about 2013’s epic price crash or a new bull trend in 2014, the simple fact is that physical gold itself is a store of monetary value. That applied last year as the value was marked down by greed and confidence and it will apply this year as it is marked up in the face of a likely unwinding of those things. Humans, what funny and hyper kinetic animals.
Precious Metals Speculation
Ah, but this post is about the fun part, the speculative part where we humans can make gains from gaming the simple store of value and its wild little brother, silver. As asset market speculators we care about prices, right? How about the share prices of the completely blown to bits miners that dig the stuff out of the ground?