Ideas and analysis on money, markets and the world around us.
Amid 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…
Read the articlePrecious metal bulls will feel vindicated, but the rise in prices indicates something darker: the dollar’s decline is accelerating, barrelling towards the end of the fiat currency era. In this our final market report…
Read the articleThe squeeze in silver is now creating headlines in the media. If this leads to a wider recognition of why silver continues to rise, it could spark additional ETF demand. Christmas week has been particularly dramatic for…
Read the articleSoaring silver’s upwards march is set to continue, given the ongoing systemic squeeze. Furthermore, gold threatens to make new highs, exacerbating a silver pricing crisis. The background to a developing market liquidity…
Read the articleWednesday’s FOMC statement confirmed that money-printing resumes, set to undermine the dollar in 2026. Estimates of future inflation will increase and gold and silver rise further. The star of the show this week was…
Read the articleIn the waning days of the Qin Dynasty, the eunuch Zhao Gao devised a test to distinguish those who followed reality from those who followed his power. He brought a deer into the imperial court but presented it to the…
Read the articleWhile silver bullion stocks are improving in SGE/SHFE vaults, shortages persist in London and Comex deliveries are soaring. Meanwhile a global bond market crisis will drive gold higher. With China protecting her own…
Read the articleNew York futures out of action probably doesn’t help. But silver hits new highs in volatile conditions. In this report, we look at the factors driving gold and silver higher still. During Thanksgiving week (US markets…
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