Hi-Yo Silver, Away!
I’ve been a silver investor since 2001. Same with gold. I’ve never seen anything like what we’re seeing in these markets right now. Elephants are thundering about, and I’m paying close attention.
Sadly, retail (that’s you and me) isn’t involved in the PM’s yet in any appreciable way. This is all big money, and they prefer that everything remain on the QT.
So, let’s make some noise.
My thesis for today is that your time to acquire precious metals at a reasonable price, if at all, is coming to an end. My expectation is that this will be a “before and after” window. Before, which is now, you can still buy what you want. After that, you won’t be able to, either because the prices are unaffordable or there’s nothing left to buy.
To begin, the great stock bubble seems to be breaking down. Finally. Things got truly nuts as I’ve been chronicling for months – well, years – culminating in such silliness as Nvidia allegedly being “worth” 11.4% of the entirety of US GDP.
That seems to be over (screengrab from 11 ET, March 10th, 2025):
As goes the tech bubble – represented by the “Mag 7” – goes the stock market.
Interestingly, US stocks are now down on the year while European shares, especially the German Dax, are still strongly positive:
To me this is interesting because Europe is sucking economic tailpipe at the moment. I don’t have a good explanation for this divergence.
by cmartenson