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Black Tuesday bloodbath in gold and silver does not negate the macro logic of the bullion trade
The biggest silver squeeze in my life since the Hunt brothers of Texas tried and failed to corner the devil’s metal is now blowing up in real time, an endgame that was inevitable after silver, with its psychotic volatility at 1.8X that of Dr. Auric, rose a parabolic 80% in 2025 before all hell broke loose at 54.62 an ounce at the tail end of last week. Silver has fallen to 48 as I write, down a ghastly 7.5% in a classic liquidation trade. I have zero interest in being Matt, the juggler of falling radioactive knives now that Mr. Market has gone berserk in the House of Argentum, which is definitely not getting a $20 ... (full story)
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From finance.yahoo.com | Oct 21, 2025
Gold prices tumbled in their biggest daily drop in years as a stunning rally in precious metals came to a halt. Futures for the yellow metal dropped as much as 5% to hover near $4,141 per troy ounce, on pace for their largest drop since August 2020. Meanwhile, spot gold declined more than 6%, seeing its biggest one-day decline in 12 years, according to ...
Gold plunged the most in a dozen years while silver had its biggest drop since February 2021 on Tuesday amid a broad market selloff following a weeks-long rally that sent precious metals to successive record highs. Bloomberg's Mike McGlone reports.
From bnnbloomberg.ca | Oct 22, 2025
Gold miners are on track to deliver stellar third-quarter earnings, fueled by a record rally in bullion prices, with investors watching for updates on the recent CEO changes at top producers Newmont and Barrick. Analysts expect the two miners to post a combined profit of nearly US$3 billion for the period, more than double last year’s $1.4 billion, ...
