On the down side:
OE is always bad for gold and silver prices. The crooks have played this game for over 12 years with nary a single up move in the metals going into OE.

Silver lease rates are negative for the 30 day contract. Apparently the holders of physical silver will pay “preferred” customers to borrow physical. (Sign me up!)

The technicals for both gold and silver are poor in the short term.

There is no indication that the CFTC nor the SEC will clean things up in the casinos we call US markets.

Politically gold cannot be allowed to rise as long as the US is fighting to keep the $ over valued. The last thing politicians or bankers want is for gold (and silver) to go up too fast.

On the up side:
The physical holdings of crimex are becoming less credible by the day. There are significant delays of crimex delivering physical metal.

Globally the demand for securing physical metal is accelerating. Both gold and silver investors are switching from paper forms to physical and are moving their physical to more trusted storage.

Global mine production of both gold and silver is shrinking.

Faith in fiat is is running out.


There are many other factors contributing to the stress but there is no mistaking that the stress is building. In my view, anything could happen in the short term, but most likely the crooks will dominate through Thursday. After that, the fundamentals will become the dominate force and start both metals back on a positive ride. Silver will be under heavy pressure untill the shorts can weasle their way out of their contracts or until an event takes place that breaks the game wide open.