Ideas and analysis on money, markets and the world around us.
Gold and silver on pause as funk-money flies to $US. It is becoming clear that Iran is no push over and the economic consequences of this war are dire, with oil at $100 and going higher. The background to this week’s…
Read the articleICBC and Agricultural Bank of China have run out of investment gold bars. And silver premiums over London spot are 13%. Comex silver contract is sinking into irrelevance. Last weekend, the US and Israel attacked Iran…
Read the articleGold was steady but silver volatile as Comex March contracts matured. Suspension due to “technical failures” saw high volatility in silver which has since recovered. At 13.00 Eastern Time yesterday, Comex suspended…
Read the articleIn very low turnover on Comex, gold and silver begin to recover as geopolitical tensions rise. Evidence is increasing of a possible attack by the US on Iran in the coming days. Gold and silver rallied this week in a…
Read the articleEvidence is mounting that the silver shorts on Comex and London are desperate to close their positions. Will they use the Chinese New Year holiday to this end? In this report, we focus on silver, illustrating how silver…
Read the articleThe disconnection between physical reality and derivative volatility became obvious in gold and silver pricing this week. No silver? No matter. Futures carry on regardless. This week has seen price instability in gold…
Read the articleThe naysayers are crowing, saying gold and silver have peaked. This week’s volatility was certainly unnerving, a sharp lesson for whipsawed traders. But we assess the true position. Gold and silver have had a turbulent…
Read the articleAmid signs of an intensifying derivative crisis in silver, gold is probably beginning to discount disruption in paper markets. Western speculators are sidelined. Looking into the guts of COT reports, we see that the…
Read the articleThat TD Securities traded silver short and taken losses not once but twice alerts us to increasing counterparty risk not just in silver contracts but gold as well. There will be others. This week, gold gently marched…
Read the articleChinese silver demand is on pause allowing prices to drift from all-time highs. Meanwhile, gold marches on towards a test of its post-Christmas highs. However, the physical silver shortage is what matters and will…
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