Uranium ETF $URA forms a Golden Cross for the first time since June 2023.
The last one sent shares soaring more than 50% over the next 7 months! Source: Barchart
Gold's best year since 1979!
There have been only four times in history where gold has delivered stronger returns: 1979: +126.5% 1973: +73% 1974: +66.1% 1972: +48.8% Source: GoldSilver
GOLD RALLY HAS BEEN TRULY UNSTOPPABLE
Gold prices have hit 40 all-time highs so far in 2024, marking the best year this century. The so-called barbarous relic has rallied 33% year-to-date and is on track for the best annual performance since 1979. Source: Global Markets Investor, The Daily Shot
Palladium hits highest price since December
Source: Barchart
A reminder by Lawrence McDonald that palladium bull markets can be quite brutal.
Despite recent price fluctuations, the long-term demand for palladium remains robust, driven by stringent environmental regulations and the rise of the hydrogen economy. Meanwhile, supply concerns persist due to the unreliability of major producers like Russia and South Africa.
Shorts estimated to be $1.3 Billion underwater on silver. Which five banks are at risk??
"Silver prices have experienced a significant increase, rising over 6% to exceed $33.6 per ounce. This unexpected surge has put five U.S. banks at risk of substantial financial losses due to their large short positions in the metal. This amounts to approximately 707.9 million ounces, nearly equaling a year’s global silver production". Source: Yahoo Finance, @kshaughnessy2 on X
US ASKS G-7 TO CONSIDER SANCTIONS ON RUSSIAN PALLADIUM, TITANIUM
Palladium will soar if this goes through: Russia makes 40% of the world's palladium
JUST IN 🚨: Silver is going parabolic as it jumps to highest price in more than 12 years
Source: Barchart
