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 MoreAs 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 MoreForeigners 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 MoreThe 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 MoreNotably 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 MoreWith 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 MoreAn 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 MoreIn 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...
Read MoreThe controversy is now about escalating risk and how to hedge it.Let’s make something clear before addressing this question: regulators train and legislate investment managers into believing that gold is not the way to hedge investment risk. Gold is not a regulated investment and therefore not...
Read MoreFinancial instability is about to get much worse making the short-term outlook for gold and silver uncertain, but long-term being reaffirmed. It is a buying opportunity for the brave.This week’s market actionUntil this morning, gold and silver were enjoying a reasonable rally while the...
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