China, in my opinion, correctly, is pushing its market towards a mostly physical market. They are removing small traders and superfluous paper trades. The premiums being charged on the contracts are so large that it is hardly worthwhile buying them. The CME, on the other hand, has gone more towards
It appears that both gold and silver may have found a bottom. Nothing in financial markets is certain, but the charts are giving me increasing confidence that a turning point may be close. My initial reaction to this week’s Middle East crisis was that the market was finally behaving in
What is happening with silver. It appears to be falling into the abyss. Why is it happening when the fundamentals are so good? Perth Mint silver sales collapsed from 364 thousand ounces in May (already the lowest since April 2012) to 294 thousand ounces in June. This is 37% less
This is from Rafi Faber (endgameinvestor@substack.com) whose work I really enjoy. He compares the 1973 gold chart with the current chart and speculates that a 100% rally from here is possible. Fractal analysis has a fairly good record of indicating future possibilities. Logically, one would expect gold and silver to
Van Greyerz writes in his newsletter that gold reserves valued at today’s prices comprise about 0.5% of the value of global wealth, $32 trillion. This represents the value of all the gold mined in human history. As a comparison, the market capitalization of the 12 largest US corporations equals $30
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