• Gold: 1,310.45 -6.32
  • Silver: 16.17 -0.15
  • Euro: 1.226 -0.009
  • USDX: 90.368 0.502
  • Oil: 63.48 1.28

Market Report: Snoozing Into Spring

On Comex, silver remains in deeply oversold territory, while gold is broadly neutral. Silver appears to be following the base metals, which have been drifting lower, while the dollar continues its consolidation of earlier falls. Consequently, the gold/silver ratio is up at over 80, a level that historically has been too high to sustain, as the next chart shows.

Are You Ready For The Next Rally In Silver?

In short, the three primary drivers of this rally will be continuing weakness in the U.S. dollar, generally rising commodity prices and the aforementioned Commitment of Traders structure that recently showed the Large Speculators in COMEX silver to be NET short for the first time in nearly 15 years. As you know by now, the COMEX silver "market" is very likely THE most manipulated in the world, given its relatively small size and the dominant, monopolistic positions held by a few major banks.

Silver Does it Again! Severe Consequences.

In the free analysis that we posted last Monday, we warned that Friday’s session was likely to be volatile and tricky. This seems to have indeed been the case for silver. The white metal declined early in the day only to rally almost 40 cents from the initial low. In our previous alert, we discussed the possibility of silver topping at about $16.65 and this level was reached. Is silver about to take a dive just like it did in late November 2017?

Silver to Gold Ratio

Silver prices move farther and faster than gold prices, both up and down. When long term rallies begin silver often lags gold as in early 2018. The current gold to silver ratio at eighty to one is high. Fifty-nine to one has been the average for 40 years. Prior to 1913 the average was about 15 to one.

The COMEX Silver CoT

There's been a lot of talk these past few days about the "bullishness" of the latest Commitment of Traders Report for COMEX silver—and rightfully so. However, without some context, it's difficult to determine the degree to which the latest report is historic and unprecedented. Here's what we know: For the first time in nearly 15 years, the group called "Large Speculators" (hedge funds, trading funds, managed money, etc.) on the Commitment of Traders "Legacy" report is NET SHORT COMEX silver futures.

Silver Soared, So It’s Bullish, Right? Wrong.

It’s been only a couple of days since Thursday, when we closed our short positions and we have already seen a sizable rally in gold and silver. In fact, yesterday’s upswing was so significant that both precious metals already moved to the target areas that we featured on Monday, even though they were “scheduled” to move there at the end of the week. Is the top already in? Silver’s short-term outperformance definitely seems to suggest that it’s either in or at hand…

BREAKING: Hashgraph Public Launch? & Big News...

In this combined update for precious metals and the crypto sector, Mike Maloney explains an event that he has never seen before - is it evidence that silver prices might finally be unshackled? Then some big news for those who have been asking about Hashgraph (featured in Hidden Secrets of Money Episode 8). The Hashgraph website has been changed to a countdown clock, indicating an announcement next week. Could this be the start of an open-source public ledger for this ground-breaking new technology?

The Rhyme of the Ancient Speculator: Bullish...

In sum, this week's silver COT can only be viewed as a bullish event and one where only over the fullness of time can we be sure that this week's contrarian's-delight overweight net short position by the Large Spec masochists is a true "BUY SIGNAL" in the same vein as was the December 4, 2015 COT for gold. I will tell you this: In discussing the silver COT over the past twenty-four hours with fellow precious metals players, there is a degree of cynicism and disinterest larger than the reaction I was getting two long years and three short days ago for similar set-ups for gold.

Silver Looks Way Better Than Gold Right Now

Normally the action in the gold and silver futures markets tends to be pretty similar, since the same general forces affect both precious metals. When inflation or some other source of anxiety is ascendant, both metals rise, and vice versa.

$10,000 Gold - When Will Silver & Gold...

In this video, Mike is joined by David Morgan to give their best attempts at predicting when the metals markets might start seeing performance akin to cryptocurrencies of late.