Free Archive
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June 24, 2023 – Weekly Review
Against a backdrop of what I see as nothing but bullish factors in precious metals accelerating, prices instead got crushed, with gold down by $41 (2.1%) and silver absolutely hammered by $1.80 (7.4%) for the week, both near 4-month lows....
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June 21, 2023 – More on the OCC Report
I’ll get into the sharp price decline this week in a moment, but first I’d like to follow up on my comments about the new OCC report. As a result of making public a portion of Saturday’s piece about the...
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June 17, 2023 – Weekly Review/A Stunning New OCC Report
After dipping sharply lower in highly-orchestrated trading in the wee hours Wednesday night, gold and silver staged a notable rally on Thursday and into week’s end, although still finishing with minor losses. For the week, gold finished $5 (0.3%) lower,...
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June 14, 2023 – An Old Issue Becomes New
The recent emergence of a managed money trader in COMEX silver futures holding as many as 10,000 contracts or the equivalent of 50 million oz (less than that now) on the short side raises anew an old issue – legitimate...
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June 10, 2023 – Weekly Review
Largely due to a sharp rally on Thursday, particularly in silver, gold and silver prices ended higher for a second week; with gold ending $12 (0.6%) higher and with silver ending the week 70 cents (3%) higher. As a result...
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June 7, 2023 – Marching Towards Resolution
Regardless of whether we get what may be a final selloff in silver and gold prices, or if we’ve seen enough of a selloff to this point, I’m still convinced that the next silver rally could be the “big one”....