“That [half a dollar of buying] frenzy was not stackers lining up to buy phyz. It was speculators buying paper.
Why does that matter? Speculators, who typically use leverage, can’t hold the market price against the tide of the hoarders...
Keith Weiner
Dr. Keith Weiner is the CEO of Monetary Metals and the president of the Gold Standard Institute USA. Keith is a leading authority in the areas of gold, money, and credit and has made important contributions to the development of trading techniques founded upon the analysis of bid-ask spreads. Keith is a sought after speaker and regularly writes on economics. He is an Objectivist, and has his PhD from the New Austrian School of Economics. His website is www.monetary-metals.com.
Articles by Keith Weiner
The prices of the precious metals moved mostly sideways last week. That is, until Friday. Then foom! (Foom is the sound of a rocket taking off.)
From 6 to 10am (Arizona time, i.e. 8 to 12 NY time) the price of gold rose from $1,061 to $...
From 6 to 10am (Arizona time, i.e. 8 to 12 NY time) the price of gold rose from $1,061 to $...
At the Cato Monetary Conference this week, Scott Sumner said he had a “modest” proposal, that there should be a highly liquid futures market in Nominal Gross Domestic Product (NGDP). This caught my attention, as the futures market is a...
The price of gold dropped six bucks…and silver seven cents.
Without much price action, let’s look a few other angles to gain some perspective. First, here’s the chart of both silver and the decidedly not-monetary metal copper....
Without much price action, let’s look a few other angles to gain some perspective. First, here’s the chart of both silver and the decidedly not-monetary metal copper....
I have written previously about the interest rate, which is falling under the planning of the Federal Reserve. The flip side of falling interest rates is the rising price of bonds. Bonds are in an endless, ferocious bull market. Why do I...
What’s the difference between the Supply and Demand Report November 1, and the Supply and Demand Report November 8? Just a minor punctuation change. Last week, we asked (rhetorically) if silver would have a 14 handle again.
This week,...
This week,...
The gold price moved up $18. However, the silver price moved up 60 cents, which is a much bigger percentage. The silver community is getting pretty excited.
A market trend will often begin when a small number of traders learn something...
A market trend will often begin when a small number of traders learn something...
For a few frenzied minutes, while everyone was sleeping, the price of silver spiked 56 cents. Well, at least the West Coast of America was sleeping. It began at 8:30 in New York, where presumably most traders were not sleeping. And of...
As I have discussed previously…if you borrow cash, then it’s not income. This is why no one in his right mind borrows to buy consumer goods. Those who try cannot sustain it for long.
What if someone else borrows? Suppose someone else—...
What if someone else borrows? Suppose someone else—...
I have been writing about consumption of capital, using the example of a farmer who sells off his farm to buy groceries. It’s a striking story, because people don’t normally act like this. Of course, there are self-destructive people in...
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