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Friday Edition: April 16, 2021

COT Gold, Silver & USDX Report - April 16, 2021

Positions as of Tuesday, April 13, 2021.

Gold Seeker Issue #60 ~ This Week in Mining: Gold Rebounds, Headline Inflation Hotter Than Expected

Gold and Silver had a good week on the back of higher CPI inflation data and a marginal fall in the 10yr yields. The lack of follow-through on Friday among the gold stocks, which could portend a retracement in the near term.

Gold-Miner Valuations Low 2

The gold miners’ stocks remain undervalued, strong buys fundamentally.  Their stock prices are too low relative to both underlying corporate profitability and prevailing gold prices. 

Gold update: Breaking the Suppression

I am about 100% convinced that the intermediate cycle low was hit and now we have yesterday's aggressive move above the 50 DMA..

Central Banks May Ramp Up Gold Buying

Ignore what central bankers are saying; instead, watch what they are doing.

Precious Metals Update Video: Gold had a nice rally, but so what?

It takes about 6 years to develop a new copper mine. Dollar might be getting some support here. Gold had a nice rally, but so what?

Thursday Edition: April 15, 2021

Inflation, Real Interest Rates Revisited

The actual inflation rate is well beyond the Fed’s 2% target, and we’re not talking about core inflation which strips out food and energy “because they’re too volatile” which is ridiculous.

Marriage of Gold and Cryptocurrencies: A New Future?

The debate between relatively new digital cryptocurrencies versus ‘tried and true’ gold has dominated most precious metals related websites. But what if gold and cryptocurrencies were combined?

Precious Metals Update Video: Sideways action

I do not believe in chart patterns for trading off of.  The swing lines in gold shows that there is no trend. Difficult sideways..

Wednesday Edition: April 14, 2021

An Inflationary Slingshot

Gold is providing an opportunity for would-be buyers to enter the bull market that officially began in 2019 as its massive Cup (monthly chart) makes a painfully constructed Handle. This is a good thing. This is the period where the hangers-on are weeded out.

Calibre Mining: Q1 Production highest in four and a half years

Calibre had a great start to the year, with the highest quarterly output since Calibre acquired Libertad and Limon.

Gold Suddenly Gets Real-ly Interesting

Since August, we've been waiting for a bottom and end of this current consolidation in COMEX gold prices. With the most recent U.S. inflation data, that day may finally be here.

Precious Metals Update Video: Bonds gave up yield

The market is telling us a story.  It is not too scared, yet, of inflation.

Tuesday Edition: April 13, 2021

What Skyrocketing Home Prices Say About Inflation

Anyone who says inflation isn’t a problem hasn’t tried shopping for a new home recently. Housing costs are skyrocketing.

Does Gold Need A Fiat Mask?

Sadly, it appears that the fiat dollar is America’s most popular mask.  Instead of calmly measuring the net liquidation value of their stock market holdings in real money ounces and grams, US citizens race to measure it in fiat, often numerous times a day, in what is really an incredibly macabre, “ode to government”.

A guess: Metals were smashed yesterday to offset today's bad inflation report

Presumably this anticipation encompassed the trading rooms of the Federal Reserve Bank of New York, the Bank for International Settlements, and the Bank of England, the executors of gold price suppression policy.

Global Taxes – Global Stagnation

A global minimum corporate tax will also set a precedent for imposition of other global minimum taxes on individuals. This scheme may even advance the old Keynesian dream of a global currency.

Biggest Inflation Threat in 40 Years Looms over Markets

William Watts with MarketWatch sees the “biggest Inflation scare in 40 years” on its way.

A New Piece of the Puzzle, BankAmerica a major participant..

Close to 300 million ounces came into the silver ETFs, starting around April 1 into the summer. In trying to explain where the physical silver was coming from at that time..

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