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- Weekly Silver Edition -
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Don't ever forget...as Ted Butler kept pointing out...a short contract, is an open contract -- and MUST be closed out at some point, regardless of what the price is. A short covering rally feeds on itself, like it's doing now -- and will at some point go parabolic...unless a short seller of last resort steps in front of the market, which has been happening with increasing frequency -- and again yesterday as well.
Perhaps one of the single biggest takeaways from the stunning gold and silver rally that we’ve experienced this year is that this has all occurred before there’s been any sort of crisis.
If I travel to another country, I’ll generally need to make a currency exchange before I can go shopping. I’ll have to swap my dollars for euros if I’m in Europe, or yuan if I’m in China, or perhaps lira if I’m in Turkey. However, in ancient times, a currency exchange wasn’t necessary because the money had intrinsic value that was recognized worldwide.
Friday November 28th is viewed as the most important day in the history of the silver market – why? – because as a result of breaking out of the bullish Ascending Triangle that has formed since mid-October, it finally made a convincing and decisive breakout from the gigantic 45-year long Cup and & Handle continuation pattern that has been forming since way back in 1980...
PLEASE NOTE: Positions as of OCTOBER 14, 2025
Silver was lower this past week, reaching a low of 48.06, closing at 49.66!
Silver, like gold, took it a bit under the chin this past week, given all the talk that the Fed won’t cut, then that the Fed will cut. Silver fell 1.4% but remains up 70.7% on the year.
CEO Iwanaka: "This is the largest modern drill program undertaken at the Prince Project since historical drilling in 2012 and thus far we are very encouraged by the geological indicators"
CEO Iwanaka: "This is the largest modern drill program undertaken at the Prince Project since historical drilling in 2012 and thus far we are very encouraged by the geological indicators"
Perhaps one of the single biggest takeaways from the stunning gold and silver rally that we’ve experienced this year is that this has all occurred before there’s been any sort of crisis.
Silver was lower this past week, reaching a low of 48.06, closing at 49.66!
Silver, like gold, took it a bit under the chin this past week, given all the talk that the Fed won’t cut, then that the Fed will cut. Silver fell 1.4% but remains up 70.7% on the year.
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