Precious metals news

There's trouble brewing at the world's largest silver producer.  This is bad news because this silver producer has supplied more than a quarter of Mexico's silver production since 2005.  And, with more investors turning to precious metals to protect their wealth as central banks print trillions of new bonds each year...

Please note: the COTs report was published 10/1/2021 for the period ending 9/28/2021. “Managed Money” and “Hedge Funds” are used interchangeably.
The Commitment of Traders analysis last month showed a potentially bullish setup in both gold and silver. The washout of Managed Money Net Long contracts that occurred in early August appeared to be over and a rebound was underway. Unfortunately, it looks like there was another washout in September. As highlighted recently, it’s possible exhaustion may be near. However, if another washout occurs, it would probably drive Managed Money net positioning negative for the first time since Nov 2018.
Below is a look at the details.

Two positive factors could make Fortuna Silver a 10-Bagger in the future.  I provide analysis on Fortuna Silver not found anywhere else on the internet.  We must remember, silver and gold mines are highly dependent on energy to produce metal.  So, besides the mining economics of the company, we must understand the energy dynamics...

The world has no idea that the present ENERGY CRUNCH is setting the stage for much higher silver prices in the future.  As world energy prices are surging in Europe and Asia, investors haven't yet figured out this is terrible news for global equity and bond values.  Thus, the $230 trillion worldwide stock and bond market...

This analysis focuses on gold and silver physical delivery on the Comex. See the article What is the Comex for more detail.
Silver has started delivery in a minor month. As can be seen below, the amount delivered is below recent months at 1,517 contracts. There are only 100 contracts remaining open, so it is unlikely October will negate the current downward trend.

The Fed balance sheet stands at $8.45T, up $115B from the prior month end, but down in the past week by $42B. The chart below shows how the Fed Balance sheet has grown by instrument over the last 18 months.
The Fed autopilot buying targets about 120B in monthly purchases split by $40B in MBS and 80B in US Treasuries. As the numbers show, this is not exact, but an approximation. The latest month added $56B in MBS and almost $84B in Treasuries, offset by “Other” dropping $26B

The US currently spends 111% of its tax receipts on the true cost of servicing its debt. And the Fed is now chained to printing up the difference -- forever. This is a no-win situation. Which is why highly-respected macro analyst Luke Gromen states that the US and other major world economies either better "get busy inflating or get busy defaulting".

Gold inched higher on Friday as a weaker dollar and worries about rising inflation and risks to growth countered bets for looming interest rate hikes, keeping bullion on course for a small weekly gain.

China’s economy is facing challenges. Gold, with its unique relationship with the Chinese stock market and the independence from China’s economy, could be an effective tool for investors. Post by Ray Jia

A Florida-based silver miner has filed a damages claim against JPMorgan , accusing the bank of manipulating the silver market to push prices so low the company's mine had to close.

So by all means, focus on the inexorable rise of stocks, cryptos and housing as "proof" of America's soaring "wealth" while the social order unravels beneath our feet.

“There was a complete rout of net favorable views of buying conditions: household durables fell to the lowest level since 1980, vehicles fell to the lowest level since 1974, and homes to the lowest level since 1982. These record drops were all due to complaints about high prices: homes had the highest negative ratings of home prices ever recorded, vehicles had...

The decline of Dollar Hegemony. But other options are also shaky.

The latest example of consumers getting Powell’d in the University of Michigan consumer survey. Buying conditions for housing just fell to the lowest level since 1982.

There is little upside to the equity market. However, when the next recession approaches, yields will once again likely approach zero.

Coming out of the 2008 global financial crisis, it took too many too long to recognize that the economic shock was more structural and secular rather than cyclical. The result was a policy response that, while effective in dealing with the immediate emergency, proved insufficient for longer-term economic well-being.

White House Economic Adviser Bernstein told the outlet that he thinks the rate of inflation will come in at around 4 percent for 2021, before falling to 2.3 percent in 2022. He did not say when, precisely, he expects the rate will tick down next year, but noted inflation would likely stay high into the middle of next year.

The US is in the midst of yet another “debate” over the debt ceiling. In the twenty-first century, this is a ritual that Washington politicos and journalists go through every few years when the prospect of default and government shutdown is used as a way to hold Americans hostage until they cave to a debt-ceiling hike.

His critique outlining the impracticality of socialism was vindicated with the fall of the Soviet Union and remains without a serious intellectual challenge today.