This is going to be a short opening this week, because I’ve written something longer that I think matters more.
Gold is holding above $5,200 after the Iran strikes sent it briefly to $5,409. Silver got whipsawed — spiked to $97, got margin-hiked back to the mid-$80s. If that pattern sounds familiar, it should. We’ve been watching the same playbook for decades. I’ll have more to say about that playbook, a lot more, in the more detailed report (?).
The COMEX March delivery cycle is shaping up to be historic. Over 52 million ounces standing for delivery against 86 million registered. January and February combined already drained 74 million ounces — 86% of registered inventory in 60 days. The dollar bounced to 99.38 on war anxiety, but in my opinion, a dollar propped up by conflict and tariff confusion is not a dollar built on strength.
The charts this week tell the story.
I’ve published a special report this week that I’d encourage everyone to read carefully. It’s called “The Repricing Event,” and it covers what I believe is the most important development in the precious metals market in my lifetime. The COMEX short squeeze, banking system fragility, force majeure risk, the government’s price floor admission, and why what we’re witnessing is not a bull market but a structural repricing. I don’t say this lightly. Please read it. And please forward it to anyone you think should see it.
PLATINUM
SELL: On the Daily chart (03 March 2026)
URANIUM
SELL (03 March 2026) URA.
BITCOIN AND GOLD
Bitcoin outperforms Gold (125 February 2026). 13.43 one ounce gold coins buys one bitcoin, this was over 41 ounces almost a year ago.
ETHUSD: BUY: (18 February 2026) Very early buy signal. Worth a try. Looks like it is working.
BTCUSD: BUY: 03 March 2026. NASDAQ (Cyan). Note the divergence from the NASDAQ. I am not excited by this buy call as the OBV is still not positive. Let’s see what happens.
GOLD AND SILVER STOCKS
12 February 2026 Gold stocks outperform gold. This seems to be reversing.
Silver stocks outperform silver (30 December 2025). Just look at the volatility! This looks to be reversing.
GOLD AND SILVER
Silver to Gold Ratio
Gold outperforming Silver. (03 March 2026) Silver is coming out of the ground at about 8:1 and the Gold: Silver ratio is 61.62.
GOLD TO USD
USD outperforms Gold, (30 January 2026). Although we have a change and the signals confirm it, there are signs that this will not be long lived.
A LOOK AT THE GOLD AND SILVER CHARTS
| Today | Last Week | |
|---|---|---|
| Gold price | $5,163.00 | $5,180.00 |
| Silver price | $83.69 | $86.95 |
| Gold:Silver ratio | 61.62:1 | 59.54:1 |
| Gold Miners bullish percent index | 81.48 | 96.30 |
| Dollar Index | 98.93 | 97.69 |
| Dow: Gold Ratio (BahaUS 49439.00 Gold price, 5,163.00) | 9.57 | 9.56 |
| Current USA inflation rate (Dept. of Statistics) | 2.4% | 2.7% |
Gold’s low of the week was $4,995.00 and the high was $5,418.00 now trading at around $5,163.00.
- Gold Monthly: is a HOLD. We bought at $1,800.00 in October 2023. Looking overbought, but it can hold that situation for a while. No sell signal yet. Indicators turning down.
- Gold Weekly: (HOLD 25 August 2025) Overbought. No sell signals yet. Looking strong.
- Gold Daily: (HOLD: 12 November 2025). The indicators are holding. Gold daily is in a precarious situation with most of the indicators about to show a sell.
The low for Silver this week was $77.93 and the high $96.35 trading around $83.69 at present.
- Silver Monthly: Hold. (Buy: $24.00 March 2024). Looking overbought. No sell signal yet. Indicators turning down.
- Silver Weekly: (SELL: 09 February 2026). If I were holding physical, I would not be releasing it at these prices. As a trade, I would follow the signal. No new buy on the indicators yet. The volatility is too great to be out of the trade.
- Silver Daily: SELL (04 March 2026).
Our partner has a 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!
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:
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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