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Silver Commentaries

Gold and Silver Relative Valuation

April 23, 2020

Particularly at times like these, when we’re experiencing things few would have imagined, it’s important to reach out for that which gives long term perspective and grounding. These days, it’s easy to get wrapped up in the short term and lose track of the long term. It’s no different for gold and silver. And I freely admit this is one of those “do as I say, not as I do” things, as it’s hard for me not to focus on the here and now in matters related to gold and silver.

Common Sense and the CME Group

April 21, 2020

Monday’s spectacular and unprecedented collapse of oil prices is, rightly so, the subject of non-stop commentary. Already considered depressed on Friday’s close, at $18.27/bbl., the May NYMEX crude oil futures contract, at Monday’s official settlement price, had fallen to negative $37.63, down $55.90.

Is the Extreme High in the Gold/Silver Ratio Setting Up For an Extreme Reversal?

April 20, 2020

There are a few times in an investor’s life where, as Jim Rogers once put it, you see a pile of money sitting in a corner and you can go pick it up. In other words, an investment opportunity that’s not just obvious, but has a high reward-to-risk ratio.

COT Silver Report - April 17, 2020

COT Silver Report - April 17, 2020

Big Silver Bull Running!

Silver is blasting higher after mid-March’s stock-panic-spawned near-crash. This normal oversold mean reversion looks like the start of something much bigger though. Speculators’ positioning in silver futures utterly collapsed, leaving massive room for them to buy back in. And silver investment buying since the recent lows has been strong and relentless. All this argues that a big new silver bull market is starting to run!

Silver Seeker Report: This Week in Mining Issue #8 – Mandated Suspensions of Mining Operations Taper Off and Some Early Q1 Production Numbers

April 12, 2020

It’s looking the suspension of mining activities have tapered off for the time being, though the mining industry has already been severely impacted. Approximately 500 mining companies have announced the suspension of at least one mining operation. There could be a shift toward countries declaring mining an essential business. This recently happened in Argentina and could very well be the case in other countries which rely heavily on mining for tax revenue. There are some places (countries,…

COT Silver Report - April 10, 2020

COT Silver Report - April 10, 2020

Strange Things Are Happening

April 09, 2020

There truly are strange things occurring in gold and silver, things I not only have never observed previously, but also nearly impossible to explain in rational terms. The two main things most strange are the extremely wide discounts of spot gold and silver to the most active COMEX futures months and the sudden large inflow of physical gold deposited in the COMEX gold warehouses. There is little question in my mind that the two strange occurrences are very much related, although it has taken me…

COT Silver Report - April 3, 2020

COT Silver Report - April 3, 2020

Silver Shock Update: A New and Major Threat to Supply

April 01, 2020

As you might know, a plethora of mining companies around the world have announced they suspended part or all of their operations. It’s probably worse than we know, as I suspect other miners have curtailed activities even if they haven’t announced it.

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