The silver market witnessed another explosive day!
At midnight (in London), the price of the metal was $26.90. By 9pm, it had rocketed up to $28.95, a gain of 7.6%. This is not normal.
But then, we are not in a normal...
Silver has gone up a lot.
In a post-interest world, one cannot earn much return by financing productive enterprise. Instead, people are forced to speculate on whatever asset bubble is inflating at the moment.
Speculation is different from investment, in that the...
Recently, we’ve been publishing updates after days when the silver price has spiked up. Now, after Tuesday’s trading action, silver trades over $26. Its price moved up over two bucks (about 8%).
The long pattern since the peak price hit back...
Forbes Senior Contributor Larry Light penned an opinion piece this week titled “Stay the Hell Away From Gold”.
As you can imagine, he took a strong position on whether or not purchasing gold right now is a good idea.
Spoiler Alert: he’s...
On 23 July, we said
“Well, it’s complicated.”
The action on 27 July was not.
Notice the big drop in basis starting around midnight (London time). It falls from over 7% to under 2%.
To refresh: Basis = Future(bid) - Spot(ask)
For the first two...
Yesterday, the price of silver spiked about 10%. We wrote that it was driven by:
“…buying of physical metal.”
And we added:
“This is a pretty good signal that a bull market may be returning to silver. Let’s watch the basis and price...
The price of silver has just spiked up about $2.00—that’s about 10%.
All the usual suspects have been calling for silver to skyrocket. With some amusement, we have been watching ads from a guy known for savvy junior mining stock investments,...
Let’s do a quick thought experiment together.
Imagine you want to order ten widgets. You place your order with the highly rated Widget Providers Extraordinaire, Inc. They receive and confirm your order for ten widgets, but they only deliver five. How...
The bet between Julian Simon and Paul Ehrlich shows a fatal flaw in how most people think about inflation.
Are you familiar with the bet? Ehrlich wrote a book titled The Population Bomb. He held a pessimistic view of the future,...
We are reading now about possible regulations for air travel. In brief: passengers might be forced to spend hours at the airport. Authorities will perform medical checks, including possibly needles to draw blood, no lounges, no food or drink on...
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