zaterdag 24 juni 2017

Gold: Huge Disconnect Between East and West

I see that the West is not buying precious metals anymore, while the East is buying with both hands. This is visible in the premiums.

Junk silver premiums are at record lows:


While Shanghai silver premiums are at record highs:


Apmex gold premiums are at record lows:


Shanghai gold premiums are going up:


So I'm not sure if we have a bull market or a bear market right now...

When we look at the managed money shorts, we see improvement in the silver market.



The gold market is also hanging on:



So I'm a little bit positive about the silver market right now. I recommend to buy some silver at this time.
 

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