The SLV borrow rate started the Friday session at 2.35% -- and finished it at 2.54%...with zero shares available to short by the end of the day. There have been 35 almost consecutive weeks/8.5 months of net silver inflows into all the world's depositories, ETFs and mutual funds -- and that silver taken out of SLV in the last three days didn't disappear off the face of the earth... somebody owns it.
To summarize, it’s a pleasure to report that gold, silver, and mining stocks are in a strong position, currently experiencing their most powerful bull market in recent memory.
Palladium, like platinum, is undervalued and is well-positioned to launch into a bull market of its own as it follows the powerful and still-developing precious metals bull market.
In this week’s Money Metals Midweek Memo, host Mike Maharrey opens with blunt news: the federal government shut down at midnight. Lights off. Doors locked. Theater on.
Gold and silver markets surged over the last few days, with gold climbing near record highs near $3,750 per ounce and silver touching $44 in Monday morning trading.
The metals have already gotten a boost from rate cut expectations, so there won’t likely be much effect from the cut itself. That has already been built into the price.
Researchers from the University of Helsinki and the University of Jyväskylä have discovered a way to recover silver from electronic waste using cooking oil.
