Market Updates

Gold SWOT: Silver Becomes the Favored Metal of Reddit Day-Traders

The best performing precious metal for the week was silver, up 5.86%. The Reddit day-traders discovered silver this week after sending GameStop and other stocks soaring. Comments appeared on Reddit on Wednesday calling the iShares Silver Trust the “biggest short squeeze in the world,” citing banks as manipulators of precious metal prices.

COT Gold, Silver & USDX Report - January 29, 2021

By COT Gold Report

COT Gold Report - Positions as of Tuesday, January 26, 2021.

Precious Metals Update Video: Shorts and Reddit

By Ira Epstein

Gold has to get over $1867.40 to stop the current downtrend. Silver shot up yesterday morning and targeting resistance around $27.55 above.

Bubble update: One and done?

By Gary Savage

This looks like a one-day cycle daily low in the markets pulling in the retail crowd buying craze into the bubble.

Precious Metals Better Investments: FOMC today & Moving averages on Gold acting as resistance

By Ira Epstein

Gold has many resistances to work through just above its current price.

Bubble update: Parabolic phase?

By Gary Savage

The bubble phase from the slingshot move which got everyone on the bearish boat.

Precious Metals Update Video: Gold bias remains bearish, swingline up

By Ira Epstein

FOMC meeting underway today and Wednesday. The gold bias remains down, but not doing a lot.

Gold SWOT: Record High Holdings in Silver-Backed ETFs

By Frank Holmes, U.S. Global Investors

Global holdings in silver-backed ETFs hit the highest ever on Wednesday, according to Bloomberg calculations. The iShares Silver Trust took in half a billion dollars in inflows on Tuesday, the biggest inflows in seven years.