The CFTC and CME Group pretend all is well. All isn’t well, as the real losers are everyone outside the private COMEX betting game, which have to live with the artificial prices determined on the COMEX – particularly in silver.
Next time gold tries to break above this critical level it is likely to do so from a position of more strength and once gold succeeds in breaking above the key $2100 level it’s on...
Gold above $2100 should kick off a major uptrend, because it will take silver with it. Although silver has resistance to contend with on the way up, it will be emboldened...
The paper price of silver finished just 4% higher for the year. The data for 2023 physical silver supply won't be available for months, but another deficit is likely this year – making it the third consecutive year of deficits.
