{"id":50100,"date":"2019-12-13T08:04:28","date_gmt":"2019-12-13T13:04:28","guid":{"rendered":"https:\/\/olduvai.ca\/?p=50100"},"modified":"2019-12-13T08:04:31","modified_gmt":"2019-12-13T13:04:31","slug":"gold-silver-price-update-and-what-most-precious-metals-analysts-are-missing","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=50100","title":{"rendered":"GOLD &#038; SILVER PRICE UPDATE: And What Most Precious Metals Analysts Are Missing"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/srsroccoreport.com\/gold-silver-price-update-and-precious-metals-analysts-major-forecasting-flaw\/\">GOLD &amp; SILVER PRICE UPDATE: And What Most Precious Metals Analysts Are Missing<\/a><\/h3>\n\n\n\n<p>The gold and silver prices continue to consolidate since reaching new five-year highs in the summer.&nbsp; Gold is nearly $100 lower from its high of $1,566 on September 4th, while silver is down more than $3 from its $19.75 peak on the very same day.&nbsp; Thus, gold is down 6% while silver is off by more than 15% from the peak summer prices.<\/p>\n\n\n\n<p>However, some precious metals analysts continue to harp on the \u201cPrice Hammering\u201d or \u201cManipulated\u201d knock-down of the metals when they didn\u2019t complain when both gold and silver increased 23% and 38% respectively from their lows in just three months.&nbsp; I bring this up again because the time spent fixated on the \u201csupposed\u201d precious metals manipulation will only amount to increased \u201cFRUSTRATION.\u201d&nbsp; Rather, I believe it\u2019s better to focus on understanding the underlying \u201cROOT\u201d fundamentals of the market and the impact on the future value of gold and silver.<\/p>\n\n\n\n<p>For example, I no longer spend much time at all, looking at the Political Circus in Washington, DC.&nbsp; It\u2019s a complete waste of time.&nbsp; Americans are either brainwashed by propaganda from the LEFT or the RIGHT into believing their \u201cSCHMUCK\u201d leader is better than the other.&nbsp; So, trying to debate Americans who are proud proponents of the LEFT or RIGHT is similar to wasting time on precious metals manipulation.<\/p>\n\n\n\n<p><strong>With all the articles claiming Gold and Silver Manipulation, why hasn\u2019t anyone brought up the fact that gold and silver are now trading above their total primary cost of production (+$200 for gold &amp; +$1-2 for silver)??<\/strong>&nbsp;It would be one thing if gold were trading at $750 and silver at $10.&nbsp; Then, the \u201cManipulation\u201d mantra would carry more weight and make sense.&nbsp; However, these two precious metals are still trading above their average cost of production, even after consolidating lower over the past three months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GOLD &amp; SILVER PRICE UPDATE: And What Most Precious Metals Analysts Are Missing The gold and silver prices continue to consolidate since reaching new five-year highs in the summer.&nbsp; Gold is nearly $100 lower from its high of $1,566 on September 4th, while silver is down more than $3 from its $19.75 peak on the [&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":[927,730,12073],"class_list":["post-50100","post","type-post","status-publish","format-standard","hentry","category-economics","tag-manipulation","tag-silver","tag-srsrocco-report"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50100","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=50100"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50100\/revisions"}],"predecessor-version":[{"id":50101,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50100\/revisions\/50101"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}