1000% Increase In SILVER Demand! Your GOLD & SILVER Are About To Become 'Priceless' - Vince Lanci

1000% Increase In SILVER Demand! Your GOLD & SILVER Are About To Become "Priceless" - Vince Lanci

Silver has extended its pullback below 32 dollars during Monday’s European session, weakening as U.S. bond yields rise. This pressure comes after the chances of the Federal Reserve delivering a larger-than-expected 50 basis point interest rate cut in November were removed. The white metal, which has recently surged to its highest levels in over a decade, is now facing a critical test after its latest rally.
Silver ended its most recent session despite these challenges at 32.20 dollars, posting a daily gain of 0.54%. With a 36% rally year-to-date, silver remains one of 2024’s top-performing assets, attracting significant attention from investors and traders alike. However, some caution that the metal’s next move will determine whether this upward trend can continue.
Veteran commodities trader and market strategist Vince Lanci, who has over 30 years of experience in precious metals, including gold and silver, offers insight into the current market dynamics. Lanci points out that silver is currently in “catch-up mode” with gold, and while the metal may appear slightly overbought on the daily chart, the longer-term trend remains bullish. He notes that silver may consolidate for a few days, but this period of sideways movement should be seen as the market "reloading" for another run higher.
Keep an eye on the 32.50 dollar level, a technical resistance point. If broken, it could signal a significant rally. Silver has struggled to surpass this level and may experience volatility in the short term. If it can push past 32.50 dollars, a more substantial rally could be in store, as the long-term fundamentals for silver remain positive. Until then, the market will likely hover around this crucial price point, preparing for its next move.
Vince Lanci argues that the rise of BRICS challenges US dominance by representing a significant portion of the global economy, with nuclear capabilities and a more unified approach. This shift has profoundly impacted markets, particularly gold, and signals a move towards a new Cold War-style environment reflected in commodity price movements.
China’s massive sell-off of US treasuries significantly indicates this power shift. In 2024 alone, China has dumped over 21 billion dollars in US treasuries, including a record 53.3 billion dollars in the first quarter. While third-quarter data has yet to be compiled, recent trends suggest another 5 to 10 dollars billion could be added to this total by the end of the year. This is part of a broader trend that began in 2022, with China and other BRICS nations consistently offloading US treasuries.
This sell-off highlights BRICS nations' desire to distance themselves from US assets in their reserves, driven by the increasing concerns over de-dollarization and rising inflation in the US. As the US dollar faces challenges, more countries consider BRICS an alternative to avoid potential economic fallout tied to the US currency. This trend underscores the growing influence of BRICS in reshaping global financial dynamics.

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[johnboettger]

ANOTHER FLANNEL MOUTH WHO KNOWS THE FUTURE OF GOLD.

[fetzohr]

I own Ag *S*T*O*C*K*S*, not physical Ag, and certainly not Au stocks nor physical Au. Charting the ratio between Ag & Au prices shows that Ag began outperforming Au about a month ago. Charting the Ag stock PAAS ratio to the Au stock AEM shows PAAS rising faster in % than AEM since early September. These charts also include double bottoms or inverted H&S bottoms as well as positively divergent indicators and bullish MA crosses, sequences, and directions. CDE rose 2x more in % than SLV in the past year. Unleveraged CDE has long been outperforming highly leveraged GDXU overall. Ratio charts tell all.