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Lower Prices, Stronger Fundamentals

Summary:
Since last week’s Report, the price action has been downwards. The price of gold dropped about , and that of silver .35. The gold-silver ratio rose to its highest level since the end of 2020. Technical chartists are either throwing in the towel, or tearing their hair out. We advise against tearing one’s hair out. It does not make the price go up, but it’s painful and may be permanently disfiguring. And we can offer some hope. Let’s take a look at the fundamentals for gold and silver, starting with our famous gold fundamental chart. Gold Price Fundamental Analysis – Gold Basis The price of the dollar is now up to 17.62 milligrams of gold (inverse to the price of gold, in dollars, of ,750). But notice the drooping basis. This is a measure of gold’s abundance to the market.

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Since last week’s Report, the price action has been downwards.

Lower Prices, Stronger Fundamentals

The price of gold dropped about $50, and that of silver $1.35. The gold-silver ratio rose to its highest level since the end of 2020.

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Keith Weiner
Keith Weiner is CEO of Monetary Metals, a precious metals fund company in Scottsdale, Arizona. He 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. He is founder of DiamondWare, a software company sold to Nortel in 2008, and he currently serves as president of the Gold Standard Institute USA. Weiner attended university at Rensselaer Polytechnic Institute, and earned his PhD at the New Austrian School of Economics.

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