Precious Moments - Manic Metals Report
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The precious metals market are creating precious moments in the type of moves that you might be able to tell your grandchildren about we could be embarking from one of the most historic times across the metals space it’s a combination of central bank buying of gold and explosive demand growth for industrial metals as we embark on a new economy powered by artificial intelligence and huge data centers the demand for electricity as well as components for the artificial intelligence economy of the future. is creating one of the most intriguing times to invest in metals in recent history.
We probably haven’t seen this type of excitement in the metals since the 70s but really you may have to go back to the industrial revolution or maybe just back to the China industrial revolution to get a sense of how the demand for metals could rise exponentially in just a few years to day we’re seeing Palladium break out on the upside perhaps getting ready to play catch up the seasonal trade long gold short platinum that normally performs well on the munch that the March has well exceeded expectations and now there is more concern that the price is silver that has been lagging has been manipulated to the downside but some analysts like Jesse Colombo are looking at the charts on silver and they might not be able to keep the silver market under wraps too much longer…
Before silver made its big upward move Mr. Columbo reported about a bullish cup and handle pattern spanning back to the 1960s has taken over in the silver market pointing to a breakout that could propel the prices of silver to $700.00 per oz while that prediction by Mr. Columbo seems crazy it reminds me of a prediction that I made in gold back in the early 90s I looked at a similar formation on the long term charts that projected the gold it’s going to make a major bottom back in the early 90s similar formation when I predicted that gold had broken out of a major soccer formation on the long term charts and projected it much higher gold was said about $500.00 an ounce give or take a little bit and of course the rest is history so does that price sound so crazy I think Mr. Columbo could be on to something?
Historically silver is still cheap compared to historical levels some believe that it’s being manipulated lower. Jesse Columbo wrote a piece that explained that silver has been manipulated lower by some of the big banks in fact major financial institutions such as JP Morgan Chase USB HSBC and Goldman Sachs have been found guilty of manipulating precious metals markets particularly gold and silver in the past. And now with these banks they’re fighting a losing battle they may have to get out of the way and allow silver to have its day .
The precious metals market is experiencing significant movements that are noteworthy. This period could be one of the most historic times in the metals space, driven by central bank purchases of gold and increasing demand for industrial metals. The new economy powered by artificial intelligence and large data centers is creating increased demand for electricity and components related to artificial intelligence. This situation presents a unique opportunity to invest in metals. Energy Secretary Chris Wright says that China is going all-out on AI, which has massive national security implications – and the U.S. must stay ahead in the AI arms race. That takes a lot of energy, but the Trump Administration is ready to meet that challenge.
Silver remains undervalued compared to historical levels, with some believing it has been manipulated lower. Jesse Colombo’s analysis points to manipulation by major financial institutions like JP Morgan Chase, UBS, HSBC, and Goldman Sachs. These banks have previously been found guilty of manipulating precious metals markets, particularly gold and silver. If current trends continue, these institutions may need to adjust their strategies regarding silver. And now with these banks they’re fighting a losing battle they may have to get out of the way and allow silver to have its day.
Zero Hedge is reporting that those who seethe as their dollars lose value to inflation may be pleased to know that many states are now working to pass laws that would allow gold and silver to be used-not only for savings and investment but as everyday currency for purchases and payments as well. The state of Utah took a major step last week toward the use of gold and silver as transactional currencies, allowing their use for state payments to vendors. A bill, sponsored by state Rep. Ken Ivory, passed the Utah state legislature on March 18 and is now awaiting the signature of Gov. Spencer Cox. If signed, this bill would make Utah the first state in America to pass a “transactional gold” bill.
“This is about making sure that people have choices,” Ivory told The Epoch Times. “It’s important that we give people a choice in how they store and transact their earnings and their savings.” For Utah residents, the bill also addressed issues of local autonomy and preservation of savings, he said.
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