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 trillion. This shows how vastly undervalued gold is relative to world financial assets.
Silver, as you know from my previous newsletters, I believe, will outpace gold in the next run up. As a speculative investment, particularly at these prices, it is extremely cheap. Just taking into consideration the supply shortage of the past six years makes silver investment a great story. Then there is the constriction of supply from China. That will impact the Western supply situation, which will probably affect local pricing.
What is the potential downside? My major concern is if (when) we have a depression, the industrial component of silver usage falls sharply. In that case the monetary usage should hopefully hold up, but price and volatility will be strongly influenced by the disappearance of industrial utility.
Platinum is 17 times rarer than gold, trading at less than half of the price of gold as electric vehicles reduce reliance on catalytic converters used in fuel-driven engines. In addition, platinum has supply problems due to uncertain deliveries from Russia and South Africa, which one would think would push prices up.
As an aside, I think that as long as the FED continues to pump between $60 billion and $70 billion a month into the economy, the economy and the markets should hold up. The negative result of that pump is inevitable inflation, coupled with profligate government spending and more cash in the system. All super inflationary.
A worst case scenario for the average person, in my opinion, is stagflation which looks very likely as things are at present. Under stagflationary conditions gold and silver should perform very well based on previous data.
PLATINUM
SELL: On the Daily chart (18 May 2026).
URANIUM
SELL (12 May 2026) URA. Not a buy yet.
BITCOIN AND GOLD
Bitcoin outperforms Gold (10 May 2026). 14.93 One ounce gold coins buys one Bitcoin; this was over 41 ounces in August 2025. Teetering on a reversal.
ETHUSD: BUY ( 11 June 2026): Almost a sell. Struggling to hold the buy.
BTCUSD: SELL: 25 June 2026. NASDAQ (Cyan).
GOLD AND SILVER STOCKS
24 June 2026: Gold outperforms gold stocks.
Silver stocks outperform silver (15 June 2026). Early signs of a silver stock recovery. No buy yet.
GOLD AND SILVER
Silver to Gold Ratio
Gold outperforming Silver. (28 April 2026) Silver is coming out of the ground at about 8:1 and the Gold: Silver ratio is 68.2:1.
GOLD TO USD
USD outperforms Gold, (23 June 2026).
Copper (SELL: 23 JUNE 2026). A very difficult market to trade right now. I worry that the falling copper price is giving us an early indication of a worldwide economic slowdown. Many of the effects of the on again off again closure of the Straits of Hormoz are only now beginning to be felt.
GOLD AND SILVER CHART
| Today | Last Week | |
|---|---|---|
| Gold Price | $4,065.00 | $4,026.00 |
| Silver Price | $59.92 | $58.66 |
| Gold:Silver ratio | 67.83:1 | 68.67:1. |
| Gold Miners bullish percent index | 24.66 | 29.33 |
| Dollar Index | 101.07 | 101.59 |
| Dow: Gold Ratio (BahaUS BahaUS 52,305.00 Gold price, 4,065.00) | 12.87 | 12.79 |
| Current USA inflation rate (Dept. of Statistics) | 4.2% | 3.8% |
| Mannarino Market Index | 282.0 | 299 |
| Buffet Index -strongly overvalued markets 2.1 standard deviations above normal | 219% | 236% |
| 10 Year Yield | 4.49% | 4.39% |
Gold’s low of the week was $3,941.00 and the high was $4,116.00 now trading at around $4,065.00.
- Gold Monthly: is a SELL. (25 March 2026). Looking more positive. Still negative signals.
- Gold Weekly: (SELL 19 March 2026)
- Gold Daily: (SELL 22 June 2026). Encouraging signs of a reversal.
The low for Silver this week was $56.59 and the high $61.00 trading around $59.92 at present.
- Silver Monthly: (SELL: 20260430. ( Buy $24.00 March 2024 to sell May 2026 $73.13 = 204% Gain in 2 years 2 months).
- Silver Weekly: (SELL: 09 February 2026). No new buy on the indicators yet but looking hopeful.
- Silver Daily: SELL (18 June 2026). Encouraging turnaround signals. Almost another buy attempt during the coming week.
Our partner has stock of both gold, silver and Goldbacks in our vaults available in Panama. Please contact us for more information.
A video by Mike Adams on the Goldbacks. Well worth a look. watch here
On the Stockcharts.com charts, the blue vertical lines are our proprietary system buy signals and the red vertical lines are system sell signals – for information purposes only
An interview with Josh, owner of Scottsdale Mint: watch here
Please contact us to arrange the purchase and storage of your gold and silver requirements in a safe, insured location outside of your jurisdiction.
If you are interested in an overview of Fort Kobbe, you may want to have a look at this video: Mike Brown, Director, Fort Kobbe, International Vaults, A DotCom Magazine Exclusive Interview
This is my interpretation of the market and is not to be taken as financial advice. Before making any buy or sell decisions I recommend that you consult with your professional financial advisor.
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