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Gold is unlike other commodities – it is not consumed; it is stored.
Nearly all gold ever mined – about 220,000 tonnes – still exists, and this above-ground stock dwarfs annual mine supply. - From Goldman's primer on gold Source: zerohedge
Not much improvement for the commodities-to-dow ratio
Dow Jones hit new all-time high while oil stays in a down trend. Source: Bloomberg, Finding Value Finance on X
‼️Physical silver market is getting TIGHT
1-month silver lease rates, the cost to borrow silver short-term, spiked above 6%. It’s normally close to 0% because physical silver is usually abundant and easy to borrow. Source: Bloomberg, Global Markets Investor
Copper soars to highest closing price in history 📈📈
Source: Barchart
It's remarkable to see silver approaching $40/oz, yet still historically undervalued relative to gold.
Source: Tavi Costa
🚨 NEW YORK BEGGING FOR SILVER. LONDON CAN’T DELIVER.
Source: @MakeGoldGreat on X
Silver surges above $39 for the first time since the first US downgrade in Aug 2011
Source: zerohedge
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