Wednesday, February 11, 2026

Bullion Melting Toward Fair, Then OverValuation

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.

Project VAULT, Stockpile of U.S. Critical Minerals, Floor pricing to prevent PAPER DEAL suppression, Pray!

from And We Know:

TRUTH LIVES on at https://sgtreport.tv/

The Silver Market Was Targeted — And It’s Not Over | Bill Holter

from Sarah Westall:

TRUTH LIVES on at https://sgtreport.tv/

Gold’s $5,500 Week (And Why the Pullback Misses the Point)

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from Birch Gold Group:

Gold briefly touched $5,500 before pivoting in a dramatic pullback. But history shows that new highs matter more than short-term volatility – especially when global demand for physical metals quietly hit a record…

🐋SILVER WHALE SWALLOWS COMEX: 3 MILLION OZ REMOVED FROM COMEX VAULTS TUESDAY! 🐋

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Metal Beats Paper

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by Byron King, Daily Reckoning:

Today, we’ll discuss what happened to gold, silver, metals and mining shares last Friday, and how you should play this game from here. (And as I do the last edits on this article on Tuesday morning, silver and gold prices are both up strongly.)

First, I’ll note that yesterday was Groundhog Day. And surely, you’ve seen the movie of that name starring Bill Murray, right? It’s classic Americana.

Strong Rally in Gold Back Toward $5,000. Bitcoin Smashed Again

by Mish Shedlock, Mish Talk:

The rising wedge in Bitcoin broke hard. Expect another bear market.

Bitcoin Technical Chart Analysis

  • Rising wedge broke sharply lower, as expected.
  • A head-and shoulder pattern formed, with a weak right shoulder.
  • Bitcoin is right on support now at ~75,000.
  • The implied target of a break is ~(75,000 – (126,000 – 75,000)) = ~25,000. There is long-term support at 25,000.
  • There is intermediate support at ~54,000. I would expect a bounce there. But a drop to 54,000 would only be a 60 percent decline.
  • An 80 percent or greater decline is more typical for a bitcoin bear market. That’s the 25,000 level again.
  • An 87 percent decline, hardly unusual, would take bitcoin to 15,000.

Making Sense of “Silver Friday’s” Utterly Rigged Nonsense

by Matthew Piepenburg, Von Greyerz:

On Friday, January 30, 2026, the world learned (or rediscovered) just how grotesquely rigged the paper gold and silver markets truly are.

The Great (Yet Familiar) Fall

Despite no change whatsoever in global supply and demand forces, silver went from a $120 near-high on Thursday to a $78 low on Friday, marking this as the largest single-day crash (35%) in the silver market in 44 years.

It goes without saying that such price moves don’t happen naturally.

BIX WEIR | WE WERE RIGHT ABOUT SILVER [& PIZZAGATE] | SGT REPORT

from SGT Report:

The big banks slammed precious metals on Friday in the most brazen, egregious criminal act in the history of markets. And as I write this on Sunday night at 7:30 pm Central time, they are back at it again with Silver down another $3 to $83.50 while it’s trading at $120 per ounce in China. So, who among you will attend the public hangings when the time comes? I know I will. Bix Weir is back to break down the very latest from the world of Silver and Pizzagate, and we were right about both.

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Bix’s site Road to Roota:
https://www.roadtoroota.com/

‘Out Of Stock’: As Lunar New Year Looms, AsiaPac Dip-Buyers Emerge In Gold

from ZeroHedge:

“I came to buy because the price of gold dropped today,” said Ng Beng Choo, a 70-something retiree who arrived early in the morning at the headquarters of Singapore‘s United Overseas Bank (UOB), the city-state’s only bank offering physical gold products to retail investors.

Bloomberg reports that clients and walk-in buyers crowded into a dedicated lounge for bullion transactions.

Overnight, after an initial puke (catch-down) in precious metals, gold prices are bouncing back, as it appears retail investors are ‘buying the dip’ across AsiaPac.