Gold is Up 9 weeks in a row.
Gold has never gone up 10 weeks in a row before. Source: Subu Trade on X
Mexico tops the list as the largest Silver Mine producer in 2024, followed by China and Peru.
Source: InvestyWise @Investywise
I’m not a gold buyer, it costs 4% to own it,”
Dimon said Tuesday at Fortune’s Most Powerful Women conference in Washington, referring to storage costs for billionaires who have to store several hundreds gold bars worth billions, and clearly not referring to 99% of actual gold buyers who own a little gold at home and which costs them 0% to own it. That said, Dimon admitted that gold “could easily go to $5,000, $10,000 in environments like this. This is one of the few times in my life it’s semi-rational to have some in your portfolio.” Source: zerohedge, metals mine
$GLD Gold Trust ETFD just broke out of a 5-year cup & handle vs $SPY S&P 500 index ETF.
COVID highs are now in sight. Source: Trend Spider
Silver to hit $100 by the end of 2026 says BNP Paribas and Solomon Global
Source: Barchart
Will gold rally be as explosive as the one in the 80s ???
Source: Macrobond, Bloomberg, Incrementum AG
Silver was brutally slammed by $3.75/oz, or 7%, in the early hours of the morning.
Is someone (a bank?) trying to force prices below the critical $50 level ??? Source: Jesse Columbo
Silver continues leaving COMEX, another 4.56 million ounces withdrawn in a single day.
That means traders are actually taking physical delivery instead of just trading paper contracts. It’s happening because the London silver price is higher than New York’s, so traders are pulling real metal from U.S. vaults to sell it where it’s worth more. Each withdrawal tightens supply further and shows how physical demand is outpacing what’s left on paper. Source: StockMarket.news
