Gold has had a really nice run over the past eighteen months. I believe that this has been allowed in the same way that silver has been controlled and held back.
Many reasons have been given for the gold run.
- Inflation
- FED not cutting interest rates
- Hedge against currency devaluation
- Central banks aggressive buying of gold
- De dollarization
- Geopolitical instability
- Global uncertainty
- Weak dollar
- Anticipation of future rate cuts
- Momentum trading
- Institutional investors and hedge fund buying
- Fear of global recession
Many of the above are valid and it excites me to see more realistic pricing of Gold. I think it still has a long way to go to represent true value. Then why has Silver not followed suit?
- Silver is no longer a monetary asset
- Silver is not a reserve asset
- Silver is not a financial hedge
- Silver price is influenced by industrial demand
- Weak global manufacturing
- Central banks do not buy silver (some do)
- Investment funds favor gold
- Crypto is replacing silver
- Green energy has not consumed as much silver as anticipated
- Silver is too volatile and less liquid than gold
- Retail investors that bought silver are no longer in the market
Do I believe these answers? Some have validity. When I look at the shortages in the silver markets and delays in delivery, I have grave reservations about their validity. Adam Smith in Wealth of Nations spoke of the guiding hand of the markets. I have a feeling that the guiding hand is being guided in both the gold and silver markets.
All signals point to a rapid appreciation in silver prices in the relatively near future.
The above chart shows the gold price (red and black candles), against the silver price, (grey line), over the past twenty years. We see silver lagging significantly now.
This chart from Graddhy shows silver miners against gold miners. We see how silver mines have underperformed gold miners for the past number of years. It would appear that the trend is reversing.
PLATINUM
Buy: (15 April 2025). Currently a hold.
URANIUM
Buy: (09 April 2025) URA
BITCOIN AND GOLD
BUY bitcoin versus gold (22 April 2025). Bitcoin continues to outperform gold.
ETHUSD: BUY: 23 April 2025. ETH broke down. ETH has a buy signal.
BTCUSD: BUY: 21 April 2025. NASDAQ (Cyan). The BTCUSD is still following the Nasdaq. Looking a little overbought.
GOLD AND SILVER STOCKS
Gold outperforming gold stocks. (12 May 2025).
Silver outperforms silver stocks (12 May 2025).
GOLD AND SILVER
Silver to Gold Ratio
Silver outperforming Gold. (Signal given 22 April 2025) When we think that silver is coming out of the ground at about 8:1 and the Gold:Silver ratio is 98.01, something is way out of kilter. Silver is an astounding buy at this time or gold is in for an extremely heavy correction.
GOLD TO USD
USD outperforms Gold, (28 April 2025).
A LOOK AT THE GOLD AND SILVER CHARTS
| Today | Last Week | |
|---|---|---|
| Gold Price | $3,192.00 | $3,353.00 |
| Silver Price | $32.23 | $32.68 |
| Gold:Silver ratio | 99.06:1 | 102.60:1 |
| Gold Miners bullish percent index | 57.14 | 78.67 |
| Dollar Index | 100.77 | 100.02 |
| Dow:Gold Ratio (BahaUS 41,963.00 Gold price, $3,195.00) | 13.13 | 12.32 |
| Current USA inflation rate (Dept. of Statistics) | 2.3% | 2.4% |
Gold’s low of the week was $3,120.00 and the high was $3,289.00, now trading at around $3,198.00.
- Gold Monthly: is a hold. We bought in at $1,800.00 in October 2023. Funds flows into the metal are substantial. No sell signal yet.
- Gold Weekly: (SELL 12 May 2025) The sell indicators are very early, but I see no signs of recovery at this point. (Chart below)
- Gold Daily: (SELL 23 April 2025). In view of the spike high not being exceeded, the sell signal remains in place.
The low for Silver this week was $31.65 and the high $33.22 trading around $32.23 at present.
- Silver Monthly: Hold. (Buy: $24.00 March 2024). Weakening. No sell yet.
- Silver Weekly: (BUY 14 April 2025). Looking slightly weak. No sell yet. Holding on by its finger nails. (Chart below).
- Silver Daily: SELL (1 May 2025). Out of the market still stands.
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!
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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