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This compilation of financial insights includes videos from Rons Basement, Commodity Culture, Bix Weir, and Arcadia Economics.
Ron shares JP Morgan’s bold gold prediction for 2024. Justin Huhn joins Commodity Culture to discuss the uranium story getting better as the world embraces nuclear energy. Bix Weir talks about silver being allowed to blow through moving averages. Arcadia Economics talks about silver rallies following banks getting long.
Rons Basement
Aug 23, 2023
Get ready, Silver Stackers and Gold bugs! JP Morgan Chase has just unveiled their intriguing predictions for the gold price in 2024. Amidst an impending recession, the renowned investment bank foresees a noteworthy shift in the hawkish monetary policy of the United States Federal Reserve and its leader, Jerome Powell. Brace yourselves, as the possibility of soaring precious metal prices to unprecedented heights seems to be looming large on the horizon. Stay informed and stay ahead in the world of precious metal investments by tuning in!
Commodity Culture
Aug 23, 2023
Founder of Uranium Insider Justin Huhn presents the latest catalysts and tailwinds he sees for the uranium sector, including shifting political winds that continue to turn in favor of nuclear energy. Justin gives an update on planned reactor builds around the world, the latest developments in small modular reactor technology, and much more.
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RoadtoRoota
Aug 23, 2023
All 3 moving averages were breached in COMEX Silver this morning. It was quick but very expected. Now the only question left is “Will the Large Commercials collude to short the price rise and start another price manipulation process?!” I’d give it a fifty-fifty chance this time…which is much, much higher than in the past!!
Arcadia Economics
Premiered Aug 23, 2023
After a tough few weeks in the silver market, investors are enjoying a move higher this morning following weaker than expected data and a selloff in the US dollar index.
The developments have left both gold and silver prices higher, although perhaps more significant a driver of the rally is that the move comes following the banks reducing their short position in silver and getting long.
The CFTC’s COT report is released each Friday, and it shows the changes in the positioning among the banks and the hedge funds. And while the silver market’s supply and demand fundamentals often seem to have little correlation to the price, the COT report has been one of the stronger indicators of which way the price will be headed. As when the banks get long, we’re often in front of a rally. While a large short position by the banks usually indicates ‘watch out below!’
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So in today’s show we look at the recent changes in positioning, as well as some of the other news and data around the silver market. And to find out more, click to watch today’s video now!
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