Game on!
Despite recent weakness in gold and silver, the early indications are that the current consolidation phase is unlikely to last long before prices resume their uptrend. It may be too early to conclude that after the…
Read the articleA wider perspective.
Ideas and analysis on money, markets and the world around us.
Gresham’s Law says buy the dip
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…
Read the articleGold and silver — Now it’s FOMO
The 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…
Read the articleGold, silver squeezes intensify
Markets 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…
Read the articleWhere are the bulls?
Comex 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…
Read the articleA horror story in paper markets
Our 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…
Read the articleGold and silver futures under strain
Hooray 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…
Read the articleSilver soars, gold follows
Bull 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…
Read the articleGold and silver bullish
There’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…
Read the articlePreparing for liftoff!
Gold 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…
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