Peter's Blog

Comex: Gold Sees Highest Delivery Volume in Nearly 2 Years

The Comex report for last month correctly identified a potential big move in silver while the same report two months ago preceded a massive up move for the price of gold. The data this month is not as obvious or compelling, but it is clear the stress on the Comex continues to build.

Federal Budget: May Deficit Soars to Almost 3x Above Average

The Federal Government publishes the spending and revenue numbers on a monthly basis. The charts and tables below give an in-depth review of the Federal Budget, showing where the money is coming from, where it is going, and the surplus or deficit.

Jobs: You NEED to Look at the Household Survey

The analysis below covers the Employment picture released on the first Friday of every month. While most of the attention goes to the headline number, it can be helpful to look at the details, revisions, and other reports to get a better gauge of what is really going on.

Fed Shrinks Balance Sheet by Nearly $120B in May

The following analysis breaks down the Fed balance sheet in detail. It shows different parts of the balance sheet and how those amounts have changed. It also shows historical interest rate trends.

Money Supply Growth is Flattening Out

Money Supply is a very important indicator. It helps show how tight or loose current monetary conditions are regardless of what the Fed is doing with interest rates. Even if the Fed is tight, if Money Supply is increasing, it has an inflationary effect.

Comex Data Continues to Show a Market Under Stress

The Comex report for last month correctly identified a potential big move in silver while the same report two months ago preceded a massive up move for the price of gold. The data this month is not as obvious or compelling, but it is clear the stress on the Comex continues to build.

Six of Eight Fed Inflation Categories are Above the 12-month Trend

This analysis takes the BLS inflation data and recalculates the percentage changes at the category level to get unrounded numbers. The total number ties to the BLS, but it gives more detail at the granular level.

Jobs: Household Report is Way Below a Weak Headline Number

The analysis below covers the Employment picture released on the first Friday of every month. While most of the attention goes to the headline number, it can be helpful to look at the details, revisions, and other reports to get a better gauge of what is really going on.

The Technicals: Something Else is Driving Gold

This analysis attempts to look at different metrics to understand the current momentum in the gold and silver markets. It is meant as an analysis of potential price direction in the very short term (1-2 weeks).

Is the Comex Showing an Impending Price Spike in Silver?

The Comex report last month showed a lot of strength in gold which directly preceded a massive up move for the price of gold. The data is looking similar in silver this month!