Jun 19, 2026·Alasdair MacleodStop thief!
They want your gold and silver, and they use every psychological trick to get you to hand them over!The sell-off in gold and silver continued this week, doubtless with the establishment’s paper shorts eying up the 4,121 tons held in gold ETFs: shake the trees and some is bound to come out.The...
Read MoreJun 12, 2026·Alasdair MacleodGold in time of war
Currencies are debased during and after wars, because government spending goes through the roof not just due to defence spending but also because of the economic consequences.Financial markets, particularly in North America and Europe are ignoring the lessons of history. By their...
Read MoreJun 5, 2026·Alasdair MacleodSummer doldrums
Over the last six months, gold and silver are barely changed. Investors are losing patience. It’s time to stand back and examine the big picture and ignore short-term sentiment.As our introductory chart shows, gold and silver are barely changed on the year. As a measure of investor sentiment,...
Read MoreMay 29, 2026·Alasdair MacleodOpen interest collapses
As China buys up the bullion, the relevance of paper markets on Comex (and London) is shrinking. Liquidity and relevance of paper gold and silver relative to bullion are diminishing.This market report analyses why open interest on Comex has declined to multi-year lows and the consequences....
Read MoreMay 22, 2026·Alasdair MacleodUS$ — Slowly then rapidly
Foreigners increasingly distrust the dollar, which is why central banks, the ultimate insiders are selling them for gold. The decline in the $ has not been noticed by Americans — yet.The chart above prices the dollar, which is only imaginary money, in real money which is gold. In 1968, when...
Read MoreMay 15, 2026·Alasdair MacleodInflation undermines all asset values
The febrile condition of all asset markets headed by rising G7 bond yields is leading to uncertainty for gold and silver prices. One last sell-off is a golden opportunity for stackers. For the first half of this week, gold and particularly silver prices rose before being hammered yesterday...
Read MoreMay 8, 2026·Alasdair MacleodIs the silver bull back?
Notably in silver, bear squeeze conditions were evident this week. The likelihood of the bull market returning is now strengthened, particularly given gold’s improving prospects.The classic conditions for a bear squeeze are a combination of bearish trader consensus and an unexpected rise in...
Read MoreMay 1, 2026·Alasdair MacleodComex silver grinds to a halt
With open interest down to multidecade lows, trading in silver is the risk no one is prepared to take. Market-makers make wide prices and speculators are not prepared to play.Open interest in both gold and silver Comex contracts is extremely low, as we explain in this report. And it should be...
Read MoreApr 24, 2026·Alasdair MacleodPMs in the eye of the storm
An uneasy silence has descended on gold and silver, but the forces that will drive them higher are mounting. Both metals are being rapidly drained from paper markets.The monthly cycle of Comex contract expiry has come round again, an incentive for the shorts to mark prices down to make call...
Read MoreApr 17, 2026·Alasdair MacleodSurreal markets
In short supply already, anyone can see that demand for gold and silver will increase substantially. Yet markets are worryingly complacent, and it’s not just in precious metals.Surreal hardly describes it. Equities are hitting new highs on the back of little more than Truth Social posts. The...
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