Saturday, June 23rd, 2018 MST

Category: Silver

Hedge funds close, blame computer trading

Anthony Ward, famed London commodities trader, closed shop after nearly forty years of trading.  His reason: he couldn’t keep up with computer trading. According to Reuters, Ward blamed the rise of computer-driven funds and high-frequency trading.  Other well-known commodities investors also threw in the towel.  They are now looking for opportunities where machines can’t make

Big names bullish on gold

Marc Faber, famed investment advisor, fund manager and publisher of The Gloom, Boom & Doom Report, noted in his October 2017 issue that the Fed’s announcement about implementing quantitative tightening has depressed precious metals and mining stocks.  He then added, “I shall use the current weakness to increase my position in physical precious metals.”

Seasonal graph says it’s time to buy silver

It is always difficult to know when to invest. However, the graph provides guidelines for silver investors. The graph is seasonal, based on thirty years’ silver prices. January’s first trading day close is adjusted to 100, and subsequent prices are adjusted accordingly. As can be seen, on the average, early January is the best time

Modi paper money cancellation crushes gold

Tuesday last week, India’s Prime Minister Narendra Modi demonetized 86% of the money in circulation, except for special uses. Ostensibly, it was a move to check black money, i.e., counterfeit money, money that was gotten through graft or corruption and money on which taxes had not been paid. In the four trading days following the

A major danger of paper money: Rupees cancelled

The biggest problem with paper money is that it can be created at will; and history shows that whenever paper money is disconnected from gold, it is eventually printed until it is worthless.  Sometimes its destruction comes quickly,  some over decades. The second biggest problem with paper money is that it can be cancelled by