Peter's Blog

Comex April Countdown: Silver Pops Higher with Gold Trending Strong

The big action in silver occurred early in the month, making March a pretty large outlier. First, it continues the recent trend of increasing deliveries. Second, deliveries were 8.7% of the max open interest for the month. This is the highest percentage since July 2020 when prices took off. There are still 24 open interest […]

Expectations Are Finally High Enough for Sky High Inflation

The latest seasonally adjusted inflation rate for November was .76% month over month, with a non-seasonally adjusted annual rate of 6.81%. These numbers were generally in line with mainstream expectations that have finally gotten high enough to match the blistering hot inflation numbers coming out month after month.

Gold and Silver Delivery Requests Near 1 Year Highs Prompting Cash Settlements

Gold and silver delivery requests from the Comex neared a 1-year high in November. Note: This analysis focuses on gold and silver physical delivery on the Comex. See the article What is the Comex for more detail. Additionally, numbers from Comex for December 1 are still preliminary as of publishing. Numbers may change some.

Will Gold Blast Through $1900 on a Brainard Nomination This Weekend?

Gold finally broke through the $1,800 resistance after yet another sizzling hot CPI read. Could $1,900 be next? The analysis last month and the month before showed that a breakout in the price of gold looked to be very close. It happened!