{"id":11423,"date":"2015-08-24T06:39:51","date_gmt":"2015-08-24T11:39:51","guid":{"rendered":"http:\/\/olduvai.ca\/?p=11423"},"modified":"2015-08-24T06:39:51","modified_gmt":"2015-08-24T11:39:51","slug":"the-exquisite-market-setup-monetary-metals-supply-demand","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=11423","title":{"rendered":"The Exquisite Market Setup \u2013 Monetary Metals Supply-Demand"},"content":{"rendered":"<h3 class=\"art-postheader\"><a title=\"Permanent Link to The Exquisite Market Setup \u2013 Monetary Metals Supply-Demand\" href=\"http:\/\/www.acting-man.com\/?p=39509\" rel=\"bookmark\">The Exquisite Market Setup \u2013 Monetary Metals Supply-Demand<\/a><\/h3>\n<p><strong>Interesting Developments in Gold<\/strong><\/p>\n<p>There is an exquisite setup building once again. Tight fundamentals in the gold market apply upwards pressure on the price. For quite a while, we have been saying gold\u2019s fundamental price was around a hundred bucks above the market price. Well, the market price moved up $46 this week. What happened to the fundamental price? You\u2019ll have to read on to see (no cheating and reading ahead!) but suffice to say it\u2019s quite a bit higher than the market.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-39510\" src=\"http:\/\/www.acting-man.com\/blog\/media\/2015\/08\/byzantine-gold-Christ-cb2081.jpg\" alt=\"byzantine-gold-Christ-cb2081\" width=\"640\" height=\"330\" \/>Byzantine Empire. Constantine VII Porphyrogenitus, with Romanus I and Christopher. 913-959 AD. Gold Solidus, Constantinople mint. Struck 924-931 AD.<\/p>\n<p>At the same time, the fundamental price of silver is\u00a0<strong>below<\/strong>\u00a0the market price. We included a graph last week, showing that gold is being sold at a discount and silver at a premium to their fundamental prices. The price of silver moved up this week, though it didn\u2019t move like gold. It was up, then down, then up, then back down, ending a mere nine cents higher than last week. In fact, on Friday, the price of gold went up about 0.8% but the price of silver dropped 1.7%.<\/p>\n<p>And this is the crux. According to popular belief, the prices of the metals are supposed to move together. Silver is supposed to\u00a0<em>go up<\/em>\u00a0when gold\u00a0<em>goes up<\/em>, only more. This is due to\u00a0<em>money printing<\/em>,\u00a0<em>inflation<\/em>, economic fear, anticipation of further policy madness from the Fed, or whatever. It\u2019s much clearer when you price everything in gold.<\/p>\n<p>The fundamentals for silver just aren\u2019t there right now. What happens when a trading thesis is believed by just about everyone?<\/p>\n<p>These are the market upsets about which stories are told years later.<\/p>\n<p>Could we see gold with a 13 handle and silver with a 14 handle? Read on\u2026<\/p>\n<div>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Exquisite Market Setup \u2013 Monetary Metals Supply-Demand Interesting Developments in Gold There is an exquisite setup building once again. Tight fundamentals in the gold market apply upwards pressure on the price. For quite a while, we have been saying gold\u2019s fundamental price was around a hundred bucks above the market price. Well, the market [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[6275,8410,374,2228,500,647,730],"class_list":["post-11423","post","type-post","status-publish","format-standard","hentry","category-economics","tag-actingman","tag-byzantine-empire","tag-gold","tag-market","tag-market-collapse","tag-precious-metals","tag-silver"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/11423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11423"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/11423\/revisions"}],"predecessor-version":[{"id":11424,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/11423\/revisions\/11424"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}