Silver

A wind of change is blowing for gold. Two weeks ago, precious metals prices were falling whereas yields on U.S Treasury bonds were rising. This week, sales of bonds continue but gold stopped its fall and started a rebound.

At present, gold in any case is continuing its correction in this context of rising interest rates. Disengagement on gold ETFS funds continued last week after a record 12 consecutive days of decrease. The last liquidation of these ETFS that was so intense goes back to the correction of December 2...

More gold is traded daily in London than is produced through mining in a year. It is estimated that nearly 95% of that gold traded daily in London is unallocated paper gold. Similar figures exist in the COMEX in New York, and around 1% ever insisting on delivery. We can easily deduce from these f...

The whole American economy in 2020 has been an illusion because the whole system is bankrupt.

With pressures on stocks and bonds, the precious metals are falling in sympathy as often is the case at the beginning of falling markets. I have been stating for 20 years, that fundamentally gold and silver are in a very strong uptrend, supported totally by central bank’s destruction of paper mon...

The macro stage is set. The genie is out of the bottle. The list of macro, fundamental and technical reasons to be long precious metals today is extensive. It is more than just a “short squeeze” in silver.

Looking forward five years out and more, this trend of negative real yields will likely increase, and to see gold double in price from its recent highs in the 2020’s would be far less of a surprise than the multiples we’ve already seen in far more hysterical price moves in names like Tesla or BTC.

Since last year, the Comex has become a physical gold delivery hub, which was not in the plans when this derivatives market was set up. The quantity of gold delivered to Comex over the last year will soon account for the market's remaining stocks.

Egon von Greyerz and Matthew Piepenburg discuss the critical relationship between rising gold prices and negative real (inflation-adjusted) yields. Throughout the 20th century, whenever the rate of CPI inflation grossly outpaced Treasury yields, gold’s price saw dramatic climbs.

Based on my previous work, silver get its best rallies when the Dow is declining or going nowhere. I believe a Dow crash (top) is what silver needs to really go much higher. The initial part of a Dow crash could shake silver (even this is doubtful given the current state of the silver market), bu...