Sunday, November 29, 2020

Tag: PiMBEEB-A-LOOZA Statistics That Will Blow Your Mind!

PiMBEEB-A-LOOZA Statistics That Will Blow Your Mind!

by Andy Hoffman, Miles Franklin:
Despite being extremely adverse to near-term “predictions,” I have lately been as vehement, and persistent, as ever in stating that this is, in my very strong view, the best Precious Metal buying opportunity of our lifetimes – particularly, now that the COMEX “commercials” have reduced their (naked) gold and silver short positions to their lowest levels since Precious Metals’ ultimate bottom in December 2015.

Frankly, the only comparable situation I can recall is the bottom of the Cartel-orchestrated paper plunge at the commencement of the 2008 crisis – which has an “asterisk” next to it, given that physical premiums surged to roughly 30{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} in gold, and 100{5f621241b214ad2ec6cd4f506191303eb2f57539ef282de243c880c2b328a528} in silver. Only this time, supply on the retail level is readily available, and premiums historically low; as opposed to the worldwide wholesale market, where supplies have never been tighter. In other words, the historic Precious Metal valuation anomalies currently seen in the West; which I personally have been taking advantage of – particularly in the gold numismatic market, where prices of century-old certified coins have fallen to barely above the levels of newly minted ones; are decidedly not available in the East. And likely, won’t be in the West for very much longer.