Below is a 25 year chart where we divide the silver price by the value of the SPX which shows us whichever asset is outperforming the other. I have (in orange), projected the silver price onto the chart. Even though the silver price has increased substantially, compared to the S&P500
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
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
The global banking picture looks worse and worse. I believe that one way to save the depositors is to quasi nationalize the tier one big banks, with the government effectively doing this recently by backstopping (SVB) or forcing a sale (Credit Suisse) and wiping out the equity and debt holders, an option probably not afforded to the smaller tier two, three etc. banks as they are not systemically important enough. If these banks fold, it will be you and me that will sink with them.
As the real truth behind the long-term manipulation in the gold market reveals itself, investors are rediscovering the opportunities in the purchase of physical gold assets. Soon after former Deutsche Banker David Liew plead guilty to spoofing and direct manipulation in the gold market, cracks proliferated throughout the carefully manufactured
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