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Not sure what oil is doing, indicating an economic slowdown?

Looks like we had some residual selling from Friday that needed to get cleared out.

Has Xi Jinping Lost Control Of China’s Military… And China Itself?

https://www.zerohedge.com/geopolitical/has-xi-jinping-lost-control-chinas-military-and-china-itself

Once the big boys start to pay serious dividends, it should help. Regardless though, that trend is going to change. Imagine if that number got to 5%.

That’s interesting about volatility, not something I watch, but you would sure think it would be going nuts with the swings of the last couple days.

I expected us to move up today, but not like this. Gold is at a new high for the year right now. Silver underperforming but still blew right through $52.

Doesn’t mean they won’t try to reverse this, but certainly unexpected. Pretty clear they are much more concerned with silver than gold at the moment.

Looks like for the first time in a long time we’re going to participate in a year end rally if the tea leaves hold up.

Gold and gold mining stocks have not only surged past the S&P 500 this year but have also quietly outperformed over the past three, five and even ten years—a remarkable run that has unfolded with limited investor participation.

Yet despite their impressive returns, the sector remains deeply undervalued, according to Sprott, with analysts anticipating further gains and making a case for gold to be included in core strategic holdings, much like during the 1960s and 1970s.

Risk diversification

In a note published this week, Sprott’s senior portfolio manager John Hathaway wrote that a short-term correction in precious metals — which is inevitable given their recent performance — should not deter investors from making a long-term play.

According to Hathaway, investing in gold nowadays is almost synonymous with risk diversification. He cited Morgan Stanley CIO Mike Wilson’s recent recommendation of replacing the traditional 60/40 risk mitigation model portfolio with a 60/20/20 portfolio consisting of 60% equities, 20% fixed income and 20% gold.

Earlier this year, Goldman Sachs also suggested that replacing bond exposure with gold could enhance a portfolio’s return over a five-year horizon.

Equities underappreciated

To that end, Sprott’s Hathaway believes that capital allocation to the gold sector is still in its early stages. Specifically, he sees substantial growth upside in gold-related equities, as they remain underappreciated despite outperforming both the metal itself and the S&P 500 index. In the nine months to Sept. 30, gold mining stocks have risen by over 122%, versus 47% in bullion and 14% in the S&P.

“In our opinion, mining stocks are transitioning from pariah status to momentum plays as leverage to a bullish outlook for gold prices. Despite strong gains this year, precious metals equities remain modestly valued,” Hathaway wrote.

However, investor participation in these assets remains tepid, with the Sprott analyst pointing out that the largest gold mining ETF, VanEck Gold Miners ETF (GDX), has seen net outflows in outstanding shares over the past two years.

Hathaway also noted that the gold mining stocks currently have an aggregate market capitalization of approximately $550 billion, which is only 0.43% of the global total. Mining stocks (of which gold mining equities are a small subset) are now at their smallest share of global equities since 1900, he added.

Silver catching up

In addition to mining stocks, Sprott is backing silver as another “catch-up play”, noting that the metal has lagged gold over the past decade.

In his note, Hathaway said that years of deficits in silver have led to extreme market tightness, and silver has been outperforming strongly, with year-to-date gains surpassing that of gold. Despite this recent catch-up performance with respect to gold, the gold-to-silver ratio at 83x still sits above its historic average of 67x, he wrote, highlighting silver’s potential upside.

A breakout to new highs (to compensate for the improved gold price), along with a re-rate of the silver equities to long-term averages (and a catch-up to their gold-producing peers), would be in keeping with the latter half of previous precious metal bull markets, he added.

READ THE MINING.COM ARTICLE HERE!

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so far and i say that nervously, the action is not of a major top…at a major top the mkt will crash, then bounce back strongly, but not take out the Hi’s and then crash again etc, until eventually u are well below the Hi’s.

What is very odd here, is that the volatility has disappeared …for now……we should be flying all over the pace….

Palladium is about to turn higher. Not going to hurt silver. Gold already back on the horse.

Crimex opens and the shorts are already in trouble. Gold looking to retake &4300?

Unreal.

They really tried to stop the momentum in silver on Friday didn’t they? Yet here we are again battling to retake $52. I didn’t realize how much silver rallied after the SM closed on Friday. I think at one point, silver got down to $50.70 or so.

Have to wonder how much they’ll be willing to spend today or this week.

to cap the rally……but we have a backwardation between Londonistan and Crimex of @ $ 2…still.

and if Crimex traded @ 1 billion 0z’s London must have done the same…which means 2 years of production was sold…..so unless someone has a very big shovel, or we get a price collapse soon…..what will they have to pay to buy it all back…!!!!

https://www.cmegroup.com/markets/metals/precious/silver.settlements.html

But have we corrected enough here, we have in time as wave 1 up was 13 weeks and so far wave 2 dn cud be 10 weeks….and has stopped at the 38 % level

Everything looks pretty good to start the day, except oil, which is down over 1/2% and has a $56 handle. Gasoline can keep falling and I don’t think anyone will complain. Bitcoin is roaring back, up 3K this am. The dollar is up slightly and rates are up 2 bips to 4.02%. SM futures look good too. Up around 1/2%

PM’s are rebounding nicely. spot shows gold up $7.20 and silver up $.24. However, that reflects the gains from the AH’s on Friday. When I look at GLD and SLV it looks a bit stronger. PM shares look strong too. Most sporting 1-2% gains in the early hours.

Almost like nothing happened in pm’s on Friday. If the pattern holds true, we’ll get a small move up today, and then really start to get going the next few days.

So far, so good. Kind of nice not getting all the gov’t. eco data reports, don’t have to worry so much about the associated shenanigans.

probably needs to trade around it, to build the power to break it

Southern Pacific Passenger Power
https://www.railpictures.net/photo/889228/

If still relevant the dollar is on the precipice of either breaking out of a small reverse head and shoulders or while sitting on that support.

Good article. Now we’ll soon see what other plans of attack the shorts have planned on the longs.  They’ve now pretty much pushed most the little people out of the way.

I hope they get caught fraudulently using Warren or anybody elses ID to spread misinformation or any other dirty trick they’ll pull in desperation  while besmirching someone’s credibility out of character and find the cretin doing it.. If they did it to him they’ll do it to others. I saw on comments most the people didn’t fall for it and countered the misinformation.

“I’ve Never Seen Anything Like This”: One Bullion Dealer Sees A Rupture In Gold And Silver Markets

https://www.zerohedge.com/markets/ive-never-seen-anything-one-bullion-dealer-sees-rupture-gold-and-silver-markets

That Trump is meeting Putin in Hungary, is a huge kick in the balls to the Globalists, they hate Orban with a vengeance , they are ordaining Orban as their man in the EU and agreeing with his thinking…….

I did read a while ago that Trump’s move towards the Globalists after the August meeting, was a feint to flush the Globlists out more, to let the world see who was crazy for more war …it seems that may have been right……let’s hope so.

Me too. The momentum is in his favor. Europe and the UK have had it with their leadership and are shifting right. That adds additional pressure to the Marxists. Trump can weaken them significantly I think by supporting the right with his continuing criticism of the EU and UK governments and also strengthening ties with countries like Hungary, Poland, Italy, etc. and bringing them to the forefront. I know the next meeting with Putin is supposed to be held in Hungary.

Up a couple grand. Not sure if that’s significant.

I pray that you’re right!!!!

I did a bit more digging into the Buffet video.

Some of what he says is realistic, and therefore unsettling.

1. I searched the actual Berkshire Annual meeting – it was in May, 2025.
2. I scanned the transcript of the meeting (quickly) – saw nothing related
3. i asked MS Copilot (below)
4. Conclusion – Fake – but why?

Hey Copilot