With most of the markets stretching for new-all-time highs coupled with Gold and Silver blasting off to record highs, we wonder if anyone cared about or celebrated Columbus Day.
Seriously, we would not have the best nation in history if Christopher Columbus hadn’t discovered America.
And we’re happy he did.
Maybe the public gets this holiday confused with the Autumn season.
Or Maybe they resent that Columbus was the first White man to bring “Diversity” to America…
Or Maybe, JUST MAYBE, the Wokester Crowd is resentful that Columbus Day is no longer “Indigenous Peoples Day” and the fact that Columbus is the only illegal immigrant they hate. And along with everything else they don’t’ like while trying to re-write the history of what Columbus achieved.
Any way you want to look at it, Columbus Day appears to be a non-event in the eyes of far too many Americans.
Meanwhile, Gold and Silver are on fire amid an historic liquidity squeeze sending panic throughout the globe as shortages are becoming unprecedented.
In India, the world’s biggest silver consumer, Indian asset managers have halted all new investments into Silver ETFs.
Why?
They can’t get any new silver to back up what they supposedly have.
And what’s funny about that is Banks like Goldman Sachs and JP Morgan/Chase are all short (and have been for years) more metal/silver that is on the planet.
And now that the tide went out, they’re all naked.
LOL!
And this is causing volatility in silver to go vertical.
The technical term for this phenomenon is called BACKWARDATION.
And you can read more about it in our October Short and Sweet Tips column (HERE).
While you’re at it you can also see what silver stocks we have recommended in the past and where we expect them to go in the future (HERE).
And as far as gold is concerned, Gold’s “unstoppable” upside keeps echoing past breakouts — a repeat of the early-2025 surge implies $4,300 ahead.
With ETF inflows hitting records and long-term patterns pointing toward $6k, the gold’s momentum story still glitters… but short-term signals whisper caution.
Translation: Buy mining stocks on any pullbacks in both gold and Silver.
And learn which ones are poised to make a moonshot (HERE).
Share this with a friend…even if they didn’t celebrate Columbus Day. They’ll thank YOU later.
And tell them:
We’re Not Just About Finance
But we use finance to give you hope.
“And you shall know the truth, and the truth shall make you free.”
~John 8:32~
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