Recent data from the CFTC suggests that COMEX silver positioning is the most favorable since June of 2019. While this does not preclude more downside, it certainly suggests that any further price drops will be shallow.
Andrew Maguire takes a closer look at the newly determined BRICS currency basket, assessing the likely price revaluation of its top three commodities: gold, silver and oil.
Inflation is a silent destroyer of wealth that impacts each and every one of us, rich or poor, but especially the middle class that works and saves for years..
The Big 8 are short 344.0/140.0 equals about 245 percent of the Commercial net short position in silver, down from the 295 percent they were short in last week's COT Report.
But even a slightly more in-depth look at silver would result in the realization that the actual supply/demand fundamentals in silver are nowhere near as negative as the low price would suggest.
Marc Faber joins us today to discuss the similarity between the present global crisis and The Great Depression. We also talk about inflation, how the Fed will go back to Easy Money, and the outlook for precious metals in 2023.
The London commodities trader explains how a recent black swan event rattled the multibillion-dollar silver derivatives market, exposing the naked shorts to growing physical demand.
Silver’s biggest performance was 1979 to 1980, during its blowoff move to the all-time high of $50, where the ratio fell from 40 to 17 in one year.
Here are the sharp drops from 1997 to present...
