It was certainly a volatile year in terms of the COMEX spot price, which was well over $26 in March when Russia invaded Ukraine, but dropped below $18 per ounce as a result of paper market selling as the Federal Reserve began its rate hiking policy.
Mario Innecco, from the maneco64 YouTube channel, comes back to the show to discuss a possible run on the Gold Market as central banks worldwide approach insolvency. Furthermore, we discuss the ongoing housing market collapse, inflation, and more.
Silver has been underperforming gold since early 2021 which is normal when speculative interest in the sector wanes and in the early stages of a new bull market which is where we are believed to be now...
Drilling is now concentrated in the recently discovered Southwest zone (JAC target) which is located several hundred metres southwest of the edge of currently defined Mineral Resources on the main Oculto deposit.
The bottom line is silver miners are faring way-better fundamentally than their radically-oversold stock prices suggest. As the leveraged futures speculators are forced to normalize their excessively-bearish positioning through huge buying, silver will surge amplifying gold’s gains like usual.