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
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
The Premium That Proves Everything The paper prices of both gold and silver on monthly, weekly, and daily charts are all in sell mode. Should paper transactions in these time frames be sold? I would sell my paper positions and be on the lookout for a change in signal. If
The Strait of Hormuz is again effectively closed. Iran mined it shut, the U.S. blockaded Iran, then the U.S. launched “Project Freedom” to escort neutral ships through, and then Trump, true to form, paused the whole thing mid-stream to negotiate a ceasefire deal. Meanwhile, every barrel of oil that can’t
I love when everyone wins! The question is: Who is actually the winner? I think President Trump wants you to think he has lost it, mentally. It makes him unpredictable. Both sides are claiming victory and as the saying goes wars are not really over when one side declares victory
After the fun and games on the market last week,I have put together my thoughts on the position with gold and silver as well as on parts of the geopolitical situation. If you’re looking at capital preservation, short-term price manipulation does not affect physical precious metals holdings. Your ounce weighs
Where are the prices of Gold and Silver going? In my opinion, a lot higher. Mexico has joined China in restricting exports of silver. A good portion of the silver used in the US comes from Mexico. This is excellent political leverage against the US. I understand the Mexican reaction.
There are too many inconsistencies in the stories being produced by the media and involved dealers who are caught short in the silver market. I see denials that there is any shortage of silver by so called reputable market makers. I have watched the western markets trade at around $72.00,
The story of the week in my opinion is gold and especially silver. We have often spoken about the difference between paper contract prices and real metal prices. Silver contracts (futures, options, ETFs) represent a financial claim on silver, not necessarily the metal itself. In most cases, these instruments are
I worry when I see unbroken run-ups without continual consolidations in the price action of markets. This makes me worry about a sharp, unexpected downturn. What I like to see is a few weeks at least of sideways consolidation, then a continued move upwards. We saw this exact thing happen
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