Thursday, November 21, 2024

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.

WE ALL KNOW WHAT’S COMING, AND IT’S INCREDIBLY UGLY — JIM WILLIE

from SGT Report:

Jim Willie is back with the truth about the demise of the Dollar, $52 TRILLION in debt by 2033, China & India hoarding silver and Japan being held hostage to prop up US Treasuries.

Dr. Gundry has THE KEY to losing weight & keeping it OFF!!
–> http://thehealthyfat.com/SGT
——
Protect Your Retirement W/ a Gold and/or Silver IRA:
https://www.sgtreportgold.com/
or CALL( 877) 646-5347 – Noble Gold is Who I Trust

Get in touch with Jim and/or subscribe to the The Golden Jackass HERE: https://www.golden-jackass.com/

RAFI FARBER: $30 SILVER TOP HAS BROKEN

from Arcadia Economics:

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

IT’S NEARLY GAME OVER FOR THE METALS RIGGERS — DAVID JENSEN

from SGT Report:

The silver rigging big banks are getting awfully close to the end game. Analyst and metals mining expert David Jensen returns to SGT Report to ask the question are global bullion bankers ramping silver trading volume in Shanghai to acquire liquid and exportable silver bar stocks to cover their short positions in London and NY as claims come due?

Protect Your Retirement W/ a Gold and/or Silver IRA:
https://www.sgtreportgold.com/
or CALL( 877) 646-5347 – Noble Gold is Who I Trust!
——
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David’s Substack:
https://jensendavid.substack.com/about

Federal Reserve Policies and Silver Industrial Demand

by Craig Hemke, Sprott Money:

Watch Craig Hemke from Sprott Money and Chris Marcus from Arcadia Economics on the “Monthly Wrap-Up” podcast for a quick dive into the latest in precious metals. Get insights on soaring gold and silver prices, Federal Reserve policies, and global tensions, plus expert tips for navigating the market. Tune in now for your monthly dose of valuable analysis!

Why Are People Investing in Gold Now?

by Turd Ferguson, TF Metals Report:

“Ask the Expert” podcast, hosted by Craig Hemke and featuring Grant Williams, offers insights on investment strategies, market analysis, and economic trends, including discussions on gold prices and silver prices. Tune in for valuable discussions and expert perspectives on navigating the financial landscape today as we:

  1. Delve into effective investment strategies while dissecting current market trends, offering valuable insights for navigating economic fluctuations.

The Questions CFTC and Fed Won’t Answer Expose Gold Price Suppression Policy

by Chris Powell, Gold Seek:

If mainstream financial news organizations ever work up the courage to report honestly about monetary gold, the commanding heights of the issue will have been mapped out for them by U.S. Rep. Alex X. Mooney, R-West Virginia.

After all, where can investigative journalism start better than with questions that already have been shown to be too politically sensitive for the highest government officials to answer, even when a member of Congress is asking?

Thanks to Mooney, in 2020 the U.S. Commodity Futures Trading Commission was shown refusing to answer whether it has jurisdiction over manipulative trading in the commodity futures markets when such trading is undertaken by or at the behest of the U.S. government:

Locked and Loaded

by Ted Butler, Silver Seek:

We have now reached the point in silver (and gold) where it is difficult for me to see how prices don’t quickly explode. Everything I look at, from a physical supply/demand perspective to the paper positioning set up on the COMEX, tells me we are at the point where only an upward price surge makes any sense. Yes, I am well-aware of the thoroughly corrupt behavior of the collusive commercials on the COMEX and how their manipulative success over the past 40 years makes it nearly impossible to pinpoint in advance the exact moment such a long-term scam and fraud will come to an end – but recent developments scream out to me that the manipulation’s end is at hand.