The IMF's New Bretton Woods Moment

This Great Reinitialization is currently underway.

PRECIOUS METALS

On October 8, the US Mint announced that "to cover the increase in its costs and not be a burden on the US Treasury, resetting the price of silver is necessary."

As of October 15, the retail prices of the United States Mint are therefore as follows:

As you can see, the one-ounce Silver Eagle is $67. There is therefore now a big gap between physical silver and COMEX paper silver.

On the very day of the US Mint's announcement, Comex increased margins by 13% on Precious Metals, which did not disrupt the trades.

SILVER

On this daily silver chart, we can see that since the beginning of September 2018, there has been a major resistance limiting the rise of silver.

This resistance was broken at the end of July during the strong uptrend before that prices consolidated lower in recent weeks.

As can be seen, the bullish support from the March low has supported prices, which are rising day by day towards the bull market’s major resistance.

Most analysts have an optimistic reading of this chart and consider the drop in prices from the August high point to be a "rising flag", a simple consolidation of this bull market, and they are certainly right.

Nonetheless, knowing how these markets work, I still think that there could be a last pullback on the horizontal resistance between $18-19, that has blocked any rise in silver for 6 years. To cause this fall, while silver is in short supply and the dollar is currently in a downtrend, it would take a trigger event, which would wreak havoc on the derivatives market, i.e. silver-paper. Obviously, this trigger would wreak similar havoc for gold-paper

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