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Silver Commentaries

COT Silver Report - November 22, 2019

November 22, 2019

COT Silver Report - November 22, 2019.

A Genuine Dilemma

November 21, 2019

Yet another former precious metals trader from JPMorgan has been indicted for spoofing and price manipulation by the US Department of Justice. Between all the criminal guilty pleas and indictments to date, it begs the question – were there any precious metals traders at JPMorgan which weren’t engaged in illegal trading activities? From my close professional observation for more than a decade, I would be dumbfounded if any JPMorgan precious metals traders were on the up and up. Perhaps it might…

Silver Equities Outperforming Year-to-Date

November 17, 2019

Underneath all that, the real economy in the U.S. continues to sink into the mire. The only change from this time last week are the signs that this state of affairs is accelerating to the downside. The rest of the world is slowly sinking as well -- and at some point reality with catch up with fantasy on Wall Street, along with the other bourses around the world. That's in the future somewhere -- and until that event occurs, or is precipitated, it's "party on, dude like 1929" in the U.S…

COT Silver Report - November 15, 2019

November 15, 2019

COT Silver Report - November 15, 2019.

COT Silver Report - November 8, 2019

November 08, 2019

COT Silver Report - November 8, 2019.

COT Silver Report - November 1, 2019

November 01, 2019

COT Silver Report - November 1, 2019.

Silver's Three Legged Bull-Run Stool

October 30, 2019

A case can be made that silver's current price “stability” – believed by many to be well below where it "should" be – is the result of at least three interlocking factors. There are certainly other considerations, but the following seem especially relevant today… Our chosen metaphor is the three-legged stool. Take one leg away, and the stool topples. In the case of silver, the outcome is likely to be a violent price rise of epic proportions.

The Return of the Silver Whale?

October 28, 2019

The emergence of a big buyer in silver and gold on lower prices complicates but doesn’t eliminate the necessity of a resolution of the extreme positioning imbalances in COMEX gold and silver futures. It also heightens the chance of a different outcome from the usual flush out of the managed money traders on lower prices, particularly if these traders hold off from aggressively adding new short positions. No guarantees, of course, but the growth of the concentrated long positions of late in…

COT Silver Report - October 25, 2019

October 25, 2019

COT Silver Report - October 25, 2019.

Top Producers Silver Mine Supply Continues To Decline JAN-JUL 2019

October 24, 2019

Three of the largest silver producers in the world saw their combined mine supply continue to weaken in the first seven months of 2019. While Mexico and Chile experienced declines in their silver production, Peru was by far the biggest loser. Peru, which is the second-largest silver producer in the world, suffered an 11% decline in the country’s domestic mine supply Jan-Jul 2019. Even though the decline of silver mine supply at these leading producers isn’t impacting the current silver…

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