Mining

The silver price is still under $ 16 today, but it won’t last long at that level. With an open interest around 1 billion ounces on the Comex, there will be a huge SHORT-SQUEEZE before the end of the year. Remember, the rule for silver as for gold : if you don’t hold it, you don’t own it.

Gold trackers cannot be put on the same level as physical gold, which remains the only gold asset that serves as real wealth insurance.

The physical fundamentals are stronger than ever for gold. Russia and China continue to be huge buyers. China bans export of its 450 tons per year of physical production.

The Bank of Russia has more than doubled the pace of gold purchases, bringing the share of bullion in its international reserves to the highest of Putin’s 17 years in power, according to World Gold Council data.

The world may have already produced the most gold in a year it ever will, according to the chairman of the World Gold Council.

The gold rally that began on Dec. 15, 2016, is poised to continue despite the trauma of the flash crash. The crash represents a gift to investors. We now have a better entry point for what will still be much higher gold prices later this year.

Commodities are the cheapest they have been in 50 years and that’s a buy signal. "Buy when there’s blood in the streets even if it’s your own."

Silk Road (China, India, Russia & Turkey) gold consumption.

Gold’s intermediate cycle low is still 6 to 8 weeks away.

For $1,260, an investor will get a piece of paper saying he owns 1 ounce of gold. But he is unlikely to ever see that gold.