Nervousness in precious metals is not going to stop the gold and silver bull market. Underweight portfolios are beginning to drive prices through ETF accumulation.This week, Friday’s selloff continued with both gold and silver drifting lower. In European morning trade today, gold was $4065,...
Read MoreThe question facing dealers in precious metals is whether gold, silver, and PGMs have become Giffin goods. If so, further rises will create new demand with sellers retreating.Gold and silver have had a rip-roaring week with their prices rising almost vertically. In European morning trade, gold...
Read MoreMarkets are desperately short of physical gold and silver, reflected in a continuing bear squeeze. Speculative interest remains subdued, with ETF physical demand growing.As our headline chart below shows, as of last night’s close (Thursday), silver has risen by 76% this year so far, outpacing...
Read MoreComex is effectively the largest gold and silver mine, with stand for deliveries a source for bullion. The conversion of paper gold and silver into bullion is now conspicuous. It cannot last.As our headline chart illustrates, gold and particularly silver have had a good week with prices...
Read MoreOur headline chart shows silver storming ahead amid reports of backwardations and soaring lease rates. Will it continue, and will gold be next?Driven by poor liquidity, in Europe this morning silver was $45.03, up $2.00 from last Friday’s close. Gold was up a less spectacular $68 at $3750 on...
Read MoreHooray for an interest rate cut and to hell with inflation! But there are some weird happenings in Comex futures, particularly a large short position in the gold contract.In this market report, we draw attention to some interesting developments in Comex’s gold and silver contracts, illustrating...
Read MoreBull markets in gold and silver, or more accurately the dollar’s disaster, resume as demand mounts ahead of the Fed’s FOMC meeting next week when a cut in rates is expected. This morning, gold and silver ventured into new high ground after a week of minor consolidation. In early...
Read MoreThere’s growing appreciation that the gold and silver bull has returned, though the reasons justifying it may not be apparent. But this week’s price action is an important turning point.There are important factors in the background driving the relationship between monetary metals, the dollar,...
Read MoreGold and silver are ready to break into new highs as investors increasing lose faith in the dollar. Bear squeezes in gold and silver are now driving prices, which look set to move higher.For decades, the expansion of artificial supply in the form of paper derivatives has been used to keep gold...
Read MoreQuiet conditions in precious metals belie explosive upside potential, given a government bond market crisis developing in all major currencies.In quiet trading, the current consolidation phase in precious metals extended this week. This morning in Europe, gold at $3330 was down $6 from...
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