We are seeing a wild ride for gold and especially silver bulls, plus growing shortages causing economic pain.
Wild Ride For Gold And Especially Silver Bulls
April 21 (King World News) – Jeroen Blokland: Call me old-fashioned, but I still look at traditional characteristics such as returns, risks, drawdowns, and correlations to assess the attractiveness of an asset class.
Since 2000, silver has realized an average annual return of 6.7% (in US dollars).
Over that period, gold realized an average annual return of 8.5% (in US dollars)
On average, silver volatility is 80% higher than that of gold. And this year, the peak-to-trough drawdown is 50%, compared with 26% for gold.
KING WORLD NEWS NOTE:
To be clear, silver is way more attractive than euros, dollars, bonds, and the like, but it does not beat gold.
Prices Are Not Stable
Peter Schiff: Kevin Warsh said his definition of price stability is “a change in prices such that no one talks about it.” Most at the Fed define price stability as prices that rise by 2% per year. Both definitions ignore the plain meaning of stable. Prices that rise every year are not stable.
Peter Boockvar: Is he [Trump] bringing good news that a deal is about to be struck and/or will it be just a preview of the talks on Wednesday? I’m still optimistic a deal is about to be had as the economic pain points and growing shortages are on the cusp of becoming acute. And, I believe the Chinese are taking a larger role behind the scenes to help make this happen.
Kevin Warsh will be the other focus and I’m optimistic he’ll be a good Fed Chair. Of course there will be a big focus today on Fed independence and its ability to conduct policy without interference. Odds for a rate cut by December currently stands at 44%.
Both the euro and pound are lower vs the US dollar, though bond yields are little changed in response. Stocks are bouncing with the dip in crude oil prices with hopes of an imminent end to the war and reopening of the Strait…
Listen to the greatest Egon von Greyerz audio interview ever
by CLICKING HERE OR ON THE IMAGE BELOW.
Meanwhile In Japan
In Japan, ahead of next week’s BoJ meeting, Bloomberg News is reporting:
“The BoJ is leaning toward keeping its policy rate unchanged next week given uncertainties stemming from the war in Iran, with officials still committed to raising borrowing costs sooner or later, according to people familliar with the matter. Officials see little need to rush to hike the benchmark interest rate when the economic outlook can still shift considerably because of the highly fluid situation in the Middle East, the people said.”
Bottom line, the BoJ dragging their feet for years in raising rates has left them so unprepared for the current macro. Rates are too low relative to inflation and they are too low to matter if they need to cut in response to an economic downturn. The yen is lower just below 160 but JGB yields are little changed while the Nikkei continued its big run year to date, higher by 18%.
Roadmap To A Jaw-Dropping $75,000 Gold Price
To listen to Jonathan Haycock discuss $75,000 in this powerful and timely audio interview CLICK HERE OR ON THE IMAGE BELOW.
JUST RELEASED!
To listen to Alasdair Macleod discuss the financial violence that is directly in front of us and how this will impact the gold and silver markets CLICK HERE OR ON THE IMAGE BELOW.
ALSO RELEASED!
China Aggressively Bought Physical Silver After The Takedown In The Silver Market CLICK HERE.
This Is Why Gold & Silver Are Nowhere Near Their Final Highs, Plus An Important Reminder CLICK HERE.
Michael Oliver – Silver Price Will Skyrocket To $300-$500 By Summer CLICK HERE.
Haycock – Roadmap To A Jaw-Dropping $75,000 Gold Price CLICK HERE.
The Next 30-60 Days Will Be Hugely Violent In World Financial Markets CLICK HERE.
Gold & Silver Rallying As Open Interest Has Collapsed CLICK HERE.
Gold, Oil And A Worldwide Disaster In The Making CLICK HERE.
Gold Miners Are Leading The Market Once Again CLICK HERE.
Celente Predicts Iran War Global Economic Destruction Will Get Much Worse CLICK HERE.
Historic Short Squeeze, Inflation May Soar Above 10% As Precious Metals Surge But Gold Awaits Key Breakout CLICK HERE.
Michael Oliver – This Is The Key Breakout Level For Gold Mining Stocks CLICK HERE.
For Investors Hunting For The Final Bottom In Gold & Silver CLICK HERE.
Propaganda Aside, Consumer Confidence Just Collapsed To An All-Time Low CLICK HERE.
Oil Reverses Back Above $103 And Transportation Prices Have Skyrocketed CLICK HERE.
© 2026 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.
