For the fourth consecutive month, gold rose. Gold has been up 10 of the 11 months of 2025 so far, with July being the only blemish. We are currently headed for our best year since 1979.
That’s right, folks: Silver through November is +94.9%! Extrapolate her year-to-date pace through the final 22 trading days which remain in 2025, and year-end puts her at 59.74, +104.0%!
Anyone light on miners could consider buying now, because while the $3500 zone for gold would create truly stupendous value, a pullback to that price is becoming less likely.
Perhaps one of the single biggest takeaways from the stunning gold and silver rally that we’ve experienced this year is that this has all occurred before there’s been any sort of crisis.
Ira Epstein discusses upcoming economic data releases, including the September price indexes and retail sales data, which are expected to impact the markets.
