China was again the largest identifiable buyer in May at 15 tonnes... with official buying reported at ZERO!

Not likely, but not impossible. My quick take on the nationalization of MP Materials.

Austin, TX keeps rewriting the monetary rulebook...

Last time the market saw Platinum breaking the topside range in 2021... prices reverted within 6-months due to the lack of structural imbalance...

Gold is flashing signals we haven’t seen since 1929, and central banks keep piling on...

Continued demand from reserve managers and ongoing geopolitical tensions are the perfect conditions to re-catalyze the gold rally...

Trust is mostly necessarily earned, and the government of Turkey has done little but betray it over the last few decades...

In a world where Platinum’s greatest ally is jewellery demand while Gold continues to benefit from the long-term narrative of de-dollarisation and diversification, our preference leans with the yellow metal...

In short, the Fed is Trapped. Cornered. Out of good options... Period.

America’s primary benefit from this change would be through the increased range of strategic possibilities...

...downside protection is currently cheap through options, and failed breakouts/technical weakness overlayed on improving macro makes buying short-term puts attractive.

The final mistake that wealth advisory professionals make is assume that the current economic system will remain stable...

...redemptions are not outright selling of the metal, simply a transfer of the exposure to physical metals.

Silver is finally stepping out of gold’s shadow...

One Big... Lie?

On the heels of the major escalation of tensions in the MidEast overnight, gold prices (along with oil) have surged higher, breaking back above $3400, looking likely to end with a record closing high on the day...

Central bank gold stockpiles approach record-high set in 1965

When gold haters try to call a top, they often act as if our country’s financial situation has stabilized...

...trim, keep a core position and play to add back on dips...

After many years of dormancy, silver finally woke up.