Gold Daily and Silver Weekly Charts - Blithely Deriding Into The Sunset:

“We are in a world of irredeemable paper money — a state of affairs unprecedented in history.”

John Exter

It may be unprecedented, but it certainly seems to be comfortable to the one percent and their courtiers, so that they are eager to let it run unfettered, and call it 'the new normal.'

There was significant intraday commentary regarding gold and silver to read if you have not done so already.

And I would especially urge you to have a look at the first of these.  It may seem complex at a glance, but much of that is support for the first few paragraphs.

Surprisingly Tight Supply of Available Gold in London Compared to Ongoing World Demand 
and
Physical Tightness in the Flow of Gold Is Reflected in the Price 'Not At All'

There was also some overnight commentary Premiums for Silver Coins Continue Running Much Higher than Spot

We might wonder when these fellows will let it go, and no longer attempt to control that intractable store of wealth that bears no counterparty risk.

I have little hope that they will do the right thing now, having failed to do what is just in so many other things before

Below the large diagram diagram is John Exter's inverted pyramid of monetary risk.

For a balanced portfolio you may wish to include something from the narrower base of the pyramid.

Have a pleasant evening.


You will find the commentary that supports this next slide in the first link above or here.