Summer Feeling Hotter Than Usual? Gold Could Be Too.
Certain climate scientists, research economists, and precious metal investors agree: This year could be one of the hottest on record.
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Certain climate scientists, research economists, and precious metal investors agree: This year could be one of the hottest on record.
The Comex report for last month correctly identified a potential big move in silver while the same report two months ago preceded a massive up move for the price of gold. The data this month is not as obvious or compelling, but it is clear the stress on the Comex continues to build.
This analysis attempts to look at different metrics to understand the current momentum in the gold and silver markets. It is meant as an analysis of potential price direction in the very short term (1-2 weeks).
The CME Comex is the Exchange where futures are traded for gold, silver, and other commodities. The CME also allows futures buyers to turn their contracts into physical metal through delivery. You can find more details on the CME here (e.g., vault types, major/minor months, delivery explanation, historical data, etc.).