What is Happening?

What is happening? Physical demand for gold, and especially silver is VERY strong.  Silver deliveries are delayed for a minimum of 4 weeks and as much as 8 weeks or longer.  Premiums on physical silver are up substantially as the physical demand for silver far outpaces supply.  There are

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Gold ETF Holdings Plummet

Gold ETF Holdings Plummet Gold ETF holdings have been steadily declining so far this year. Investors sold a net 106.2 metric tons (approx. 3,414,330 ozt) of ETF gold products valued at $5.4 billion in February.  In March, investors sold a net 26.1 metric tons (approx. 839,115 ozt).  

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Silver Squeeze

Silver Squeeze The silver price is being “squeezed” between a two year long support level and two year declining resistance level.  A major breakout one way or the other is coming.  Fundamentals support a break to the upside.  Buy anywhere below $30.   NOTE: Consider swapping a portion

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Paper On, Paper Off – Gold On, Gold Off

Paper On, Paper Off – Gold On, Gold Off The stock market is soaring.  The gold (and silver) market is tanking.  Why? It is part irrational exuberance and part paper intoxication.First, the Dow Jones industrial average rose 175.24 points, or 1.2 percent yesterday, February 27th, to 14,075.37.

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Will the Silver Price Remain Soft?

Will the Silver Price Remain Soft? One of my clients recently posed the following question: “What is your professional outlook for the next 12-18 months for silver? Will prices remain soft for some time and will the debt ceiling coming up cause more concern for inflation pushing

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January Wrap Up

January Gold and Silver Wrap Up After running out of steam between the 55 day moving average ($1695) and $1700, gold has effectively resumed its sideways trading pattern from mid-Dec. Though anecdotal, there is some sentiment that many long investors may abandon positions if they don’t feel

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