Saturday, February 15, 2025

Is Someone Attacking the Comex? January Sees $5.2B in Gold Deliveries

by Peter Schiff, Schiff Gold:

The CME Comex is the Exchange where futures are traded for gold, silver, and other commodities. The CME also allows futures buyers to turn their contracts into physical metal through delivery. You can find more detail on the CME here (e.g., vault types, major/minor months, delivery explanation, historical data, etc.).

The data below looks at contract delivery where the ownership of physical metal changes hands within CME vaults. It also shows data that details the movement of metal in and out of CME vaults. It is very possible that if there is a run on the dollar, and a flight into gold, this is the data that will show early warning signs.

ALL THAT GLITTERS — Sofia Smallstorm

from SGT Report:

Sofia Smallstorm is back with her year ending newsletter about all that glitters: SILVER and the suppression schemes to keep the world’s most undervalued tangible asset demonetized forever. Is it finally beginning to fail? And what about CBDC’s and Bitcoin? Lots to discuss in this one, thanks for tuning in!

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Silver Short Squeeze Coming?

by Richard Mills, Ahead Of The Herd:

Gold’s rally, which started in mid-February, has been underpinned by increased geopolitical risks, the upcoming US election, central bank buying, and slowing ETF sales. It last traded at $2,744 an ounce, up 37% so far in 2024.

But silver has done even better, notching a YTD gain of 46%. Spot silver is now worth $33.67, as of Monday, 20:30 New York time. Last Tuesday it hit $34, the highest level since 2012.

GOLD & SILVER WAKE UP CALL! — Collin Plume

from SGT Report:

Gold is on a tear this year rising 30% or so while silver has performed even better hitting a 12 year high as the criminal bankers continue to short the precious metals at their own detriment. In fact, the 5 too-big-to-fail banks who are short silver are facing looming bankruptcies if silver continues climbing higher as the FED keeps printing fiat. We live in dire but exciting times friends, Collin Plume the CEO of Noble Gold joins me to discuss.

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SILVER BREAKOUT! BANKS FACING BILLION$ IN LOSSES — Bix Weir

from SGT Report:

Silver has finally pierced $34 per ounce breaking 12 years of resistance and sending the criminal banks who are short many HUNDREDS OF MILLIONS of ounces of silver into a blind panic as their billions of dollars in losses mount by the day. Bix Weir returns to SGT Report to discuss the facts and data. GOT PHYSICAL? If you don’t you really ought to consider getting some. Here’s why… LISTEN.

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The Silver Squeeze Has Officially Begun

by Jesse Colombo, Silver Seek:

For the past several weeks, I’ve been writing about an imminent silver breakout that could quickly push prices to $50. During this time, I’ve observed significant investor cynicism, as many grew frustrated with silver’s sideways movement over the last five months.

I encouraged investors to remain confident, as I believed silver was on the brink of a historic bull market. Sure enough, on Friday, what began as a typical day saw silver surge nearly 7%, meeting the criteria I had outlined to confirm the next phase of its bull market.

Breakout in Silver

by Gary Savage, Gold Seek:

General rule, breakouts will happen when the least amount of people are expecting it.

I’ve mentioned the cancellation index before, it’s kind of a proprietary tool. It’s nothing really special. It’s just the amount of people that are getting frustrated and canceling their subscriptions and this always peaks right before a big move.

For Gold

So, that cancellation index, obviously it spiked right in here; this is where the cartel really died. They’re not dead, but they’re just not going to be able to suppress price to an integrated extent anymore. They tried multiple times here to drive gold back below $2000, but failed to do it.

A COMEX Silver Issue

by Craig Hemke, Sprott Money:

Just last week, the spot and COMEX price for gold broke out of its recent trading range and surged to new all-time highs. However, to the frustration of many, the spot and COMEX price for silver remains well below its highs of last May. What’s the deal? The answer may be found in the recent Commitment of Traders data.

Analysis of price trends for the COMEX metals involves myriad variables. One of those variables to consider is the current structure of the CFTC-issued Commitment of Traders report. Historically, a smallish Speculator net long position and a smallish Commercial net short position can clear the way for a price rally. Conversely, an overextended and large Speculator net long position often precedes a selloff and pullback in price.

Five Tries and Out

by Craig Hemke, Sprott Money:

After selling off early last week, the COMEX gold price held critical support and then began to rally. As the new week begins, it begs the question: Could this fifth attempt at a breakout above $2500 finally lead to a new surge higher in price?

We’ll try to answer that question in a minute, but let’s start this week where we left off last week. On August 5, almost all global markets were sharply lower as concerns over the Japanese yen carry trade unwind drove immediate liquidity demands. COMEX gold and silver were hit hard, and though prices had fallen almost precisely to the areas we were expecting, it was pretty hard to pull the trigger on any new buy orders. If you missed last week’s post, I encourage you to read it now.

Silver Demand in the Solar Sector Could Squeeze Silver Supply in the Future

by Mike Maharrey, Silver Seek:

Silver use by the solar energy sector is one of the primary factors driving the overall demand for silver, and there is reason to believe photovoltaic silver off-take will continue to increase in the years ahead.

Not only is the demand for silver panels growing, but the amount of silver used in each panel is also increasing.

Industrial demand for silver set a record of 654.4 million ounces in 2023 and it is expected to hit new highs this year. According to the Silver Institute, ongoing structural gains from green economy applications underpinned this surge in silver demand.

Gold & Silver Get Slammed on Positive Economic Reports

by Mike Gleason, Silver Seek:

Gold has been the headline performer in the first half of the year – breaking records and commanding attention. But in the second half of 2024, silver may be set to steal the show.

Silver has been quietly outperforming gold since February. Silver prices surged to an 11-year high last month.

The junior monetary metal still has a long way to go in order to reach a new all-time high above $49 an ounce. Even if it doesn’t achieve that feat in 2024, it could still set a new record for a year-end closing price.

Shanghai silver closed today at $34.53.