Once the ECB, BOJ and BOE follow the Fed's lead, with higher rates, the new PMs bull market will like; break to new record highs: "Up, up and away, for gold and silver..."
The short positions in both $GLD and $SLV dropped from from the prior report. As of November 30, the short position in SLV declined 16.9%. The short position in GLD declined by 13.2%.
The one constant is that the price of silver has been manipulated and suppressed for decades on the COMEX at the hands of a select group of large banks and like all manipulations, it must end someday.
The year 2023 is shaping up to be quite fun and interesting for precious metal investors after a year that was anything but. And now the potential of a China "re-open" makes the picture even more compelling.
The current ask price for a 1 oz. Silver Eagle coin includes a premium of 67%. Even on the bid side, the premium is 57%. The bid-ask spread of 10% is the widest of any common silver product.
Silver bottomed before Gold and the gold stocks and has led the rebound. Silver should continue to consolidate, but if it can make a weekly or monthly close above $22, it could signal more upside...
We discuss how FTX quickly went into crisis after the price of its own cryptocurrency fell apart, the Fed pushing for CBDC, regulation coming to Crypto, and more.
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.
Central banks buying massive amounts of gold. We talk bout the BRICs nations, China testing the mBridge digital currency as an alternative to the SWIFT system, COMEX and..
