Keith Weiner

Contributor since: 29 Jan 2012

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• Gold Arbitrage and Backwardation Part II (The Lease Rate)

  Published 04 February 2014 | viewed 0 times

  In Part I, we discussed the concept of arbitrage. We showed why defining it as a risk-free investment that earns more than the risk-free rate…

• Bitcoin, Gold, and the Quantity of Money

  Published 28 January 2014 | viewed 0 times

  The popular view today is based on the linear Quantity Theory of Money. It seems to be common sense. If more units of a currency…

• Gold Arbitrage and Backwardation Part I

  Published 21 January 2014 | viewed 0 times

  Professor Tom Fischer has written three papers about gold backwardation and arbitrage. Across these three papers, he makes a case against the ideas of Professor…

• The Curious Widening of the Bid-Ask Spread in Silver

  Published 14 January 2014 | viewed 0 times

  Last week, I wrote about a curious development in silver. The bid-ask spread widened in November and December. My article concluded: One should regard this…

• A Curious Development in Silver

  Published 07 January 2014 | viewed 0 times

  I write frequently about supply and demand in the monetary metals, gold and silver. I've argued that one cannot just look at numbers pertaining to…

• Gold and Silver Sentiments Violently Diverged in 2013

  Published 26 December 2013 | viewed 0 times

  There are two reasons why people buy gold and silver. The first is that they're the monetary metals. Many people don't want more than a…

• Monetary Metals Supply and Demand Report

  Published 23 December 2013 | viewed 0 times

  The dollar made a multiyear high, closing on Thursday at over 26mg gold! Not even the Fed's propaganda squad would trumpet this as good news…

• We're Building Stasi 2.0

  Published 17 December 2013 | viewed 0 times

  I wrote this in early November. A US District Court decision yesterday (Dec 16, 2013) found that parts of the NSA's mass data gathering are…

• Rising Interest Rates Spoil the Party

  Published 09 December 2013 | viewed 0 times

  I originally wrote this in September 2013. It is just as relevant now in December. The big news in America is that the rate on…

• Monetary Metals Supply and Demand Report: 1 Dec, 2013

  Published 02 December 2013 | viewed 0 times

  Let's consider speculation and arbitrage, and look at what it really means when the cobasis is deeply negative, in that light. This is the case…

• The Theory of Interest and Prices in Practice

  Published 31 October 2013 | viewed 0 times

  Medieval thinkers were tempted to believe that if you throw a rock it flies straight until it runs out of force, and then it falls…

• Theory of Interest and Prices in Paper Currency Part VI (The End)

  Published 19 September 2013 | viewed 0 times

  In Part I (http://keithweinereconomics.com/2013/04/22/theory-of-interest-and-prices-in-paper-currency-part-i-linearity/), we looked at the concepts of nonlinearity, dynamics, multivariate, state, and contiguity. We showed that whatever the relationship may be between…

• Monetary Metals Supply and Demand Report

  Published 16 September 2013 | viewed 0 times

  In this report, we look at supply and demand fundamentals in the gold and silver markets. In brief, the basis and cobasis are spreads between…

• Supply and Demand Analysis of Gold and Silver

  Published 10 September 2013 | viewed 0 times

  There is a tradable approach to analyzing the fundamentals of supply and demand in the monetary metals markets. This article is a brief summary of…

• Gold Confiscation

  Published 06 September 2013 | viewed 0 times

  It is well known that in 1933, President Roosevelt confiscated the gold of U.S. citizens and made possession of gold illegal. He gave gold owners…

• Theory of Interest and Prices in Paper Currency Part V (Falling Cycle)

  Published 23 August 2013 | viewed 0 times

  In Part I (http://keithweinereconomics.com/2013/04/22/theory-of-interest-and-prices-in-paper-currency-part-i-linearity/), we looked at the concepts of nonlinearity, dynamics, multivariate, state, and contiguity. We showed that whatever the relationship may be between…

• Don't Trade Last Week's Silver Story!

  Published 20 August 2013 | viewed 0 times

  Since February of this year, there has been at least one silver contract in backwardation. Since May 31, the September contract has been backwardated. But…

• Selling Low and Buying High: Hedging by the Gold Miners Part II

  Published 19 August 2013 | viewed 0 times

  In Part I, I made several points. First, that in the last gold bear market, miners capitulated after prices were low and falling for a…

• What Drives Negative GOFO and Temporary Gold Backwardation?

  Published 24 July 2013 | viewed 0 times

  I coined the term temporary backwardation in March of last year. This is what I said: But in the "new normal", post 2008, the expiring…

• Theory of Interest and Prices in Paper Currency Part IV (Rising Cycle)

  Published 16 July 2013 | viewed 0 times

  In Part I (http://keithweinereconomics.com/2013/04/22/theory-of-interest-and-prices-in-paper-currency-part-i-linearity/), we looked at the concepts of nonlinearity, dynamics, multivariate, state, and contiguity. We showed that whatever the relationship may be between…