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.
