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This compilation of financial insights includes videos from Bix Weir, Mike Maloney, and Liberty and Finance.
Bix Weir discusses the resilience of silver at $30 per ounce, highlighting its potential to establish a substantial foundation for a significant surge in price. Additionally, there are indications that the US Mint might be facing a substantial short position in their Silver hedge book, which they cannot resolve without causing a sharp increase in the silver price. Further insights will be gained upon the release of the Annual Report, although it is worth noting that HSBC has traditionally managed the US Mint’s hedge book. These are indeed intriguing times.
During a recent interview on Schwab TV, Alan Hibbard of Mike Maloney’s GoldSilver.com provided significant analysis on the upward movement of gold and silver prices. In less than seven minutes, Alan delved into the reasons behind the potential lack of strength in the economy, contrary to what central bankers claim, and highlighted the favorable positioning of precious metals for continued growth. Additionally, he expressed his anticipation for silver to surpass gold in performance by a ratio of 2 to 1 in the near future.
Gold and silver are experiencing a significant upward trend following silver’s breakthrough above the $30 mark last week. Today, gold reached a price of $2449, while silver climbed above $32. In an interview with Liberty and Finance, Peter Grandich emphasizes that this surge has overwhelmed the paper market, potentially causing significant losses for those who held short positions in gold and silver. Grandich predicts that the bull market is still ongoing and suggests that we may only be halfway through this upward movement in the metals market.
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RoadtoRoota
May 20, 2024
$30/oz Silver is holding up nicely and building what will become a HUGE base for the price of silver to MOONSHOT from! Also, it looks like the US Mint may have a huge short position in their Silver hedge book that they can’t close out without spiking the price of silver. We will know more when the Annual Report is released but historically, HSBC has run the US Mint’s hedge book. Very interesting times!
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GoldSilver (w/ Mike Maloney)
Premiered May 20, 2024
In a recent appearance on Schwab TV, Alan Hibbard from GoldSilver.com shared valuable insights as to why gold and silver prices are on the move higher.
“We’ve seen central bank gold buying increasing since 2016… Retail demand is really high. We’ve seen Costco and Walmart selling gold and that’s atypical, and investors are absolutely flooding into those markets. Demand is coming from absolutely everywhere, from the retail investor to central banks, and everywhere in between.” Hibbard explained.
In under seven minutes, Alan discusses why the economy may not be as robust as central bankers suggest and why precious metals are positioned for further gains. He also explains why he expects silver to outperform gold by a factor of 2 to 1 in the short term.
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Liberty and Finance
Premiered May 20, 2024
Gold and silver continue to surge higher after silver’s critical break above $30 last week. Today, gold hit $2449 and silver rose above $32. Peter Grandich says this move has overpowered the paper market. If the gold and silver shorts have stayed in the market, “they’ve been destroyed.” The bull market is far from over, forecasts Grandich, “maybe we’re half way through this metals move.”
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