Gold's quiet rally that began at the start of Globex trading in New York on Thursday evening was turned lower around 8:40 a.m. China Standard Time on their Friday morning -- and its low tick was set at exactly 11 a.m. CST. It then wandered quietly higher until at or minutes before the 10:30 a.m. morning gold fix in London -- and was sold a tiny bit lower from there until the jobs number hit the tape. The gold price went 'no ask' -- and 'da boyz' appeared in seconds -- and had the…
When gold steals headlines, it's easy for silver to disappear into the background. But this is when it’s even more important to pay attention to the silver price.
If the silver inventories in question are being double-counted, as now appears obvious as a result of this response, that amounts to the sending of false price signals.
Without a legally imposed gold/silver ratio or dollar peg, the number is now free to fluctuate and can be a valuable tool when considering if it’s a good time to buy.
We have now reached the point in silver (and gold) where it is difficult for me to see how prices don’t quickly explode. Everything I look at, from a physical supply/demand perspective to the paper positioning set up on the COMEX, tells me we are at the point where only an upward price surge makes any sense
AB 29 would exempt “precious metals bullion,” defined as coins, bars, rounds, and sheets that contain at least 35% gold, silver, copper, platinum, or palladium.
Speculators have been building a heavy short position in recent months. They won’t go long and commit to a position there until silver breaks above $30...
