by Graham Summers, Activist Post:
I want to talk to you about what is happening with silver today.
As you no doubt are aware, silver has gone parabolic, rising from $45 per ounce at the end of October to over $85 per ounce today. Throughout that period, the precious metal has had only two significant down days!
Now, obviously there are multiple fundamental reasons for this move. As I’ve noted, the current macro backdrop is EXTREMELY bullish for risk assets, specifically inflation hedges.
by Turd Ferguson, TF Metals Report:
by Alasdair Macleod, Schiff Gold:
With the Asian hegemons undoubtedly able to introduce gold standards, where does that leave the dollar?
This article describes just how precarious the fiat dollar’s position has become.
For now, the dollar appears to be buoyed up by rising bond yields. However, as they rise further portfolio losses for foreign investors are likely to increase, leading to dollar liquidation. It is not generally realised how many dollars and dollar securities are owned by foreigners, the bulk of them being held outside the US banking system. And the quantity of foreign currency owned by Americans to absorb this selling is very small in comparison.
by Hubert Moolman, Silver Seek:
Even with the successful breakout of the $50 level, silver is still cheap, as pointed out in the chart below.
Silver has recently come out of the bottoming pattern that started around 2014 when silver broke down below the channel. That bottoming pattern is very similar to the early 2000s bottoming pattern that started in October 2000 when silver broke down below the channel.
by James Henry Anderson, Troy Ounce Observer:
We are going to look at how far bullion still has to go, relative to other major US asset classes—specifically, stocks and the nation’s median home price.
What you will likely take away from this long view is that bullion still has many miles to run and further items to afford per troy ounce.
First, allow me to set the stage for how freakishly outside historical norms this bullion bull has been behaving of late.
Stuff for the history books.
by Harvey Organ, Harvey Organ Blog:
ANOTHER T.A.S. INDUCED RAID: GOLD CLOSED DOWN $22.40 TO $1936.60//SILVER WAS DOWN $.89 TO $23.19//PLATINUM WAS DOWN $21.00 TO $965.90//PALLADIUM WAS DOWN $43.60 TO $1381.35//TWO IMPORTANT VIEW: ANDREW MAGUIRE LIVE FROM THE VAULT AND MATHEW PIEPENBERG//FRANCE’S LEPEN GAINING IN POPULARITY//UKRAINE VS RUSSIA UPDATES/COVID UPDATES/DR PAUL ALEXANDER//VACCINE IMPACT
by Craig Hemke, Sprott Money:
Get ready for a shift in the precious metals markets as August comes to a close. Learn how recent data releases and market trends could impact the gold and silver price in the upcoming weeks.
August is typically a very quiet month for the COMEX precious metals as traders everywhere try to sneak in one last vacation before summer ends. Those “dog days” are now drawing to a close, so we should all brace ourselves for renewed volume and volatility as the calendar moves toward September.
