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Friday Edition: December 5, 2025

COT Gold, Silver & USDX Report - December 5, 2025

PLEASE NOTE: Positions as of OCTOBER 28, 2025

Gold’s Futures Plot Twist

Now with those delayed CoT reports slowly trickling out, gold’s narrative is being rewritten. This stunning revelation really ups the odds for another gold high consolidation.

Is Silver Set Up to Crash Like 1980 and 2011?

When gold bounced off $2,100 twice in a matter of weeks, a lot of experts declared it a double top and false breakout. As Hemke pointed out, these experts were proven wrong.

Economic Decline Continues Relentlessly

As tariffs have flashed on and off and higher and lower, businesses have been saying constantly that this is creating uncertainty that makes intelligent planning next to impossible.

Silver at $59?: Market Mechanics, Physical Strain, and the Rumours Nobody Can Ignore

Gold and silver are a little softer on normal profit taking after a strong run. That is not unusual, particularly in silver, where rallies tend to be sharp...

Reality Doesn't Matter. Just Enjoy the Poppies

For the 3rd month this year, private payrolls didn’t just fall short of delivering the job gains needed to keep the economy steady with population growth, but reduced the number of jobs.

India to Allow Silver as Loan Collateral (Just Like Money Metals!)

A surge in Indian demand helped drive the gold rally in October that pushed the price to record levels above $50 an ounce.

Gold and Copper Remain Strongest Metals

Ira Epstein covers upcoming economic data releases, including personal income and spending reports, the PCE price index, and the University of Michigan's consumer sentiment indices.

Thursday Edition: December 4, 2025

Silver Futures Come Within 35 Cents of $60 Level

Meanwhile, the gold futures are up $33 to $4,254, only $144 away from the $4,398 high set earlier this year.

Call For Fellows: Participate In Our Yearly Sound Money Fellowship

The two groups have set aside more than 100 ounces of physical gold (currently valued at ~$420,000) to reward deserving students and researchers advancing original sound money analyses.

Math, Spin, and a Milestone Episode

Thirty-odd billion dollars in monthly tariffs won't erase multi-hundred-billion-dollar deficits. A $7 trillion annual budget and more than $1 trillion in interest payments won't go away.

Aztec Expands Drilling Program at the Tombstone Project, Arizona

Aztec believes that the historic silver mines at Tombstone could be related to a much larger mesothermal system with CRD mineralization below the old mines.

Wednesday Edition: December 3, 2025

Silver, Silver/Gold Ratio, and Party Time

We have long expected a year-end rally...I believe the party whipping up now may be an impulse to the real play, an “inflation trade”, which could show up and persist in 2026.

Peace President Seeks Regime Change in Venezuela and Surrender in Ukraine

The EU and the UK are talking about dumping all their holding of US debt. That’s a vulnerability the US has that would cripple it deeply if it were to happen...

Progress in the Fight for Educational Freedom

Spreading education programs among many departments may reduce spending. For example, it could spur Congress to stop wasting millions of dollars a year on PR for the Education Department.

The Real Cost of Not Holding Gold as 2025 Ends

When you ask people what they’d rather give someone right now, cash or gold, 55% say gold is the better gift. Which sounds like a conversation you’d expect to overhear in 1910, not 2025.

Gold Stocks: Bull Era Adventure & Profit

Investors who can buy gold, silver, and miners at $3500-$3200 gold while maintaining their current allocation are poised for long-term success.

Tuesday Edition: December 2, 2025

COT Gold, Silver & USDX Report - December 2, 2025

PLEASE NOTE: Positions as of OCTOBER 21, 2025

Central Banks Ramped Up Gold Purchases Again in October

The WGC has also noted that “diversification” with “a reduction of U.S. assets” is one of the factors driving central bank gold buying. In other words, de-dollarization.

DOGE is Dead and Buried Inside of Big Beautiful Bill's Belly

While what is left of the DOGE website currently claims that the number has grown to a little over $210-billion saved, numerous audits claim otherwise.

Why Banning Hate Speech Is Evil

From a libertarian standpoint, the question of banning so-called “hate speech” is a no-brainer. Banning any kind of speech, whether it is good or bad, is incompatible with a free society.

Asian Metals Market Update for 2nd December 2025

In gold, in my view, there are negligible short positions. There will be buyers on dips as long as spot gold trades over $3970-$4030 zone.

US Dollar Setback Offered Support to Overbought Metals

Ira Epstein discusses the current state of the metals market, highlighting a recent pullback following a strong rally at the end of November.

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