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Investing.com: Gold and Sound Money to Make a Comeback?

November 09, 2022
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Article by Andrew Lane in Investing.com

There has been some very interesting posturing going on behind the public gaze in the precious metals markets, so let’s start with some headline items.

The outflows on the Comex of physical silver since February 2021 have been significant.

Should this trend continue at the same pace, the Comex will be drained by late March 2023 of available physical silver. That is only five months’ away with traditionally strong demand months to come.

So why isn’t this reflected in the price of gold and silver? The tables are turning. As reported last month, the commercials – for only the third time in modern history – have covered their shorts and gone long. This may explain the explosive moves we have seen in gold and silver over the last few days. The same goes for platinum. 

Some dealers are sold out of several products with no date of restocking. This should be a huge warning sign to .......

To read this article in Investing.com in its entirety, click here.

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