I can tell Chris was in 'the zone' in this writing. When all the good stuff bubbles to the top in his mind dump. The nuggets of wisdom and extreme awareness are sumed up in this sentence.
"That candle on the chart is the physical evidence of a broken monetary order."
The paper slammers may have one or two gasps yet. Wait until the 232 tariffs kick in, and THAT will be the worldwide silver price. Kicking the PRC out of our hemisphere. President Monroe must be happy. Oil first, then copper in Chile, silver elsewhere. CCP shop elsewhere, the store on this side of the oceans is closed.
These are wild times. I'm impatient to see if the recent COMEX margin increase will affect the ongoing rally at all (unlike the other times, buyers are demanding physical not paper).
Yeah I was actually just looking at that notice on X, funny you mention it. Sometimes those things can have the opposite of a chilling effect...we'll have to see if shit can get even weirder next week. Is it Monday yet?
You sound just like I feel, my wife is like wtf is wrong with you? Go put on Hallmark channel or something I got shit to do and think about hon. Like Andy always said “you can’t get out of the way of something you don’t see coming “. Have a good weekend brother, see ya Monday come hell or high water
In a physical driven market, they can dick around with margins all they like and it won’t do squat. Hell, if they put the margin at 100% (eliminating the need for the paper instrument completely)..they’d only give the game away that the emperor has no clothes.
"Friday’s move happened after a year of gold making new highs, central banks hoarding metal, currencies quietly losing credibility, deficits exploding, and policymakers pretending they still control outcomes."
I would say this: it's not different this time. Silver will indeed make, likely, a three digit high in early 2026, but I bet it ends the year red, just like 2011 and 1980. Anything commodity that goes up like this comes down the same way. This time is not different. Good luck.
Because last time we were $38.4 trillion in debt? Last time we were stealing people's oil tankers? Last time we had just gotten our asses kicked by proxy in Ukraine? Because last time the Saudi central bank just bought a $40 million stake in the SLV? What's keeping them from buying a $4 billion stake? Because 2.5 billion people in China and India are clamoring for silver as a store of wealth? Because last time the US was burning through a trillion dollars ever 90 days? Because last time they were using tons of silver to build solar farms and data centers?
And this time, you might want to check mine production, capacity, and new discoveries. Half of the silver being produced today goes away in the next two years.
Everything you wrote is an accurate observation. Similar observations could have been, and were, made in the 70’s and after the GFC. I’m an old man and lived through them all. Too young in the 70s to be investing, but I made too many mistakes that cost my family dearly falling for the doomer hype after the GFC. Please, dear readers, enjoy this run, but take some chips off the table. I will, undoubtedly pull back too soon, but I’m starting to scale back. Took 100% profit out of a four bagger with half the position still riding. My plan is to do the same with the various miners I own, likely in Q1. Silver will likely reset at a higher number than in the past when it fell, probably tied to cost of production, but it will come back down to trend line. They always do. Anatomy of a bubble.
Like regression to the mean? The problem is that demand for physical is exploding, and the "mean" has been manipulated by paper markets for like forever.
Can't dispute any of this--absolutely correct, in my opinion. Add in the same casino mentality to the metals that we saw in stocks and crypto during the pandemic and the whole thing is exploding. I started buying at $18 and haven't stopped yet.
Any comments on Pt? It was up almost 10% yesterday and has been on a tear lately. Pa too. I just bought a one oz Pt proof coin from the U.S. mint for under spot. Good times.
Honestly I feel like im on a rocket with no clue how to, or if I should eject. Idk. Wild times. I will say this. Im watching the bullion trade on other platforms and its pretty liquid still. Starting to wonder about perhaps converting. Doing nothing seeming a bad idea.
Chris, I’ve been reading your stuff for a very, very long time. My lifetime subscription is to your unique voice, not a sounds-like-everyone-else-on-Twitter AI bot.
I’m begging you to avoid the siren song of AI authoring and maintain your unique voice. It’s the main differentiating factor of QTR.
I can tell Chris was in 'the zone' in this writing. When all the good stuff bubbles to the top in his mind dump. The nuggets of wisdom and extreme awareness are sumed up in this sentence.
"That candle on the chart is the physical evidence of a broken monetary order."
Good job our O' Feathered One.
There scared and there lying. They been caught swimming naked & the stackers got them dead to rights.
They will no doubt attempt to hammer the price back down, but SCO & other central banks will be there to buy it back up.
It not so funny when the rabbit has the gun.
Im not selling a oz until i retire in 10 years. An will use it to purchase land to build my retirement house, in the woods.
The paper slammers may have one or two gasps yet. Wait until the 232 tariffs kick in, and THAT will be the worldwide silver price. Kicking the PRC out of our hemisphere. President Monroe must be happy. Oil first, then copper in Chile, silver elsewhere. CCP shop elsewhere, the store on this side of the oceans is closed.
I'm waiting to see if COMEX and/or LBMA can't deliver. If that happens Michael Oliver's thesis actually unfolds.
Its also telling JPM moved their metals trading desk to Singapore.
These are wild times. I'm impatient to see if the recent COMEX margin increase will affect the ongoing rally at all (unlike the other times, buyers are demanding physical not paper).
Yeah I was actually just looking at that notice on X, funny you mention it. Sometimes those things can have the opposite of a chilling effect...we'll have to see if shit can get even weirder next week. Is it Monday yet?
You sound just like I feel, my wife is like wtf is wrong with you? Go put on Hallmark channel or something I got shit to do and think about hon. Like Andy always said “you can’t get out of the way of something you don’t see coming “. Have a good weekend brother, see ya Monday come hell or high water
These margin increases are having a Streisand effect: the more they do it the more it backfires (tightens the squeeze).
In a physical driven market, they can dick around with margins all they like and it won’t do squat. Hell, if they put the margin at 100% (eliminating the need for the paper instrument completely)..they’d only give the game away that the emperor has no clothes.
Very true, that is why "this time may be different". Let's see what happens this week.
"Friday’s move happened after a year of gold making new highs, central banks hoarding metal, currencies quietly losing credibility, deficits exploding, and policymakers pretending they still control outcomes."
Excellente. Regime change, indeed.
I would say this: it's not different this time. Silver will indeed make, likely, a three digit high in early 2026, but I bet it ends the year red, just like 2011 and 1980. Anything commodity that goes up like this comes down the same way. This time is not different. Good luck.
Not different this time?
Because last time we were $38.4 trillion in debt? Last time we were stealing people's oil tankers? Last time we had just gotten our asses kicked by proxy in Ukraine? Because last time the Saudi central bank just bought a $40 million stake in the SLV? What's keeping them from buying a $4 billion stake? Because 2.5 billion people in China and India are clamoring for silver as a store of wealth? Because last time the US was burning through a trillion dollars ever 90 days? Because last time they were using tons of silver to build solar farms and data centers?
And this time, you might want to check mine production, capacity, and new discoveries. Half of the silver being produced today goes away in the next two years.
But, yeah, sure. Nothing ever changes.
Everything you wrote is an accurate observation. Similar observations could have been, and were, made in the 70’s and after the GFC. I’m an old man and lived through them all. Too young in the 70s to be investing, but I made too many mistakes that cost my family dearly falling for the doomer hype after the GFC. Please, dear readers, enjoy this run, but take some chips off the table. I will, undoubtedly pull back too soon, but I’m starting to scale back. Took 100% profit out of a four bagger with half the position still riding. My plan is to do the same with the various miners I own, likely in Q1. Silver will likely reset at a higher number than in the past when it fell, probably tied to cost of production, but it will come back down to trend line. They always do. Anatomy of a bubble.
It has gone parabolic, and will come down very dramatically when it comes down. I agree.
Like regression to the mean? The problem is that demand for physical is exploding, and the "mean" has been manipulated by paper markets for like forever.
"This isn’t a bull market. It’s a regime change. The system is broken. And the metals market is finally forcing everyone to admit it."
On a frickin roll, brother.
And energy prices are on deck.
Can't dispute any of this--absolutely correct, in my opinion. Add in the same casino mentality to the metals that we saw in stocks and crypto during the pandemic and the whole thing is exploding. I started buying at $18 and haven't stopped yet.
Any comments on Pt? It was up almost 10% yesterday and has been on a tear lately. Pa too. I just bought a one oz Pt proof coin from the U.S. mint for under spot. Good times.
Great article, cogent summary paragraph.
Honestly I feel like im on a rocket with no clue how to, or if I should eject. Idk. Wild times. I will say this. Im watching the bullion trade on other platforms and its pretty liquid still. Starting to wonder about perhaps converting. Doing nothing seeming a bad idea.
Would you run that silver price chart back to 1970 for me? 😮
Chris, I’ve been reading your stuff for a very, very long time. My lifetime subscription is to your unique voice, not a sounds-like-everyone-else-on-Twitter AI bot.
I’m begging you to avoid the siren song of AI authoring and maintain your unique voice. It’s the main differentiating factor of QTR.
Merry Christmas, everyone, and Happy New Year.
Wouldn’t it have been nice to have those bright bold comments on silver been prognostications!
THAT WHICH COULD NOT CONTINUE - DIDN'T!
This is a “must listen”:
https://open.substack.com/pub/vblgoldfix/p/eric-yeung-the-global-silver-situation?r=1fxdc&utm_medium=ios