Here are the latest news items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. In this column, JWR also covers hedges, derivatives, and various obscura. This column emphasizes JWR’s “tangibles heavy” investing strategy and contrarian perspective. Today, we look at the LMBA’s nascent silver short squeeze. (See the Precious Metals section.)
Precious Metals
The Comex shorts did their best to hold down the price of silver again this week. But the Asian traders kept bidding it back up into the $38.20 to $38.50 USD range. The word is out that the LBMA has nearly exhausted its supply of physically warehoused silver available for delivery. The exchange now holds less than 160 million physical ounces. Keep in mind that more than 200 million ounces worth of silver contracts are cleared there, daily. But most of those are “paper for paper” transactions — not physical deliveries. What happens if and when more buyers start to demand delivery? This could get ugly. (For the Shorts, that is. Not for us silver stackers. We are now sitting pretty.) – JWR
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At Gold-Eagle.com: The Key Breakout for Many Markets Including Gold.
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Scottsdale Mint: US Metal War: Silver Becomes Strategic as Premiums Explode.
Economy & Finance:
Argent: Fixed Income Update – July 2025.
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Linked over at the Whatfinger.com news site: Senate Passes “DOGE” Recissions Bill, Heads For House Vote As Deadline Looms.
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