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
The fundamental picture for silver has worsened in terms of supply, if anything. The three largest traders have massive short positions on silver, so of course they want the price suppressed. The Shanghai premium for real metal is running at present around 11% greater than the western paper price. On
On COMEX (CME Group), there are GOLD call options expiring December 2026 at strike prices of $10,000, $15,000, and $20,000 per ounce. These are deep out-of-the-money. Gold is trading around $4,500, so $15,000 is about 3.3x current price. Open interest numbers (as of the Feb 2026 reports): Each COMEX gold
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 disruption has done something unusual: it pushed oil above $100, stoked inflation, and removed the “rate cut eventually” floor from metals. Gold can’t play its traditional dual role as both an inflation hedge and a rate-cut beneficiary when the Fed is forced to stay hawkish. That’s
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
THE AMERICAN PEOPLE ARE TRAPPED in a dollar devaluation, debt expansion, rate suppression whirlwind of a magnitude never been seen before now exacerbated by war. (Greg Mannarino). Events are moving quickly, geopolitically and economically. So a longer read this week Last week I told you a repricing event was underway.
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
If you needed any more proof that the paper markets are a fiction factory, this past week delivered it on a silver platter — pun intended. Silver touched $83 an ounce before the COMEX did what the COMEX always does: changed the rules mid-game. They jacked up margin requirements, triggering
When banks are in trouble it is a misnomer, because of bank legislation regarding bail-in’s YOU are in trouble as your deposits will be used to bail them out. Remember your deposits are LOANS to the bank. When was the last time you looked at their financials?
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