Today silver futures surging $1.38 to $44.33 and gold up another $76 to $3,782, but here is the big surprise of the day.
The Big Rotation Into Gold
September 22 (King World News) – Peter Schiff: I think the big rotation from Bitcoin ETFs to gold, silver, and precious metals mining stocks will begin when gold breaks above $4K and Bitcoin falls below $100K. The problem is that the selling may crash Bitcoin so low that there won’t be enough realized proceeds left to rotate.
Gold, Silver, And Inflation
Peter Schiff: Gold is just below $3,750. Silver hit $44 one day after closing a cent above $43. Wall Street is finally embracing precious metals. With the Fed cutting rates into an above-target and rising CPI, the message is crystal clear: inflation is here to stay, and investors must hedge.
Going For The Gold
Fred Hickey: Huge addition (19 tons of gold) added to the GLD ETF yesterday. Haven’t seen such a one-day sizeable inflow since early this year (Feb. 21 and March 20). Both occurred in the midst of the massive 33%, $876 gold surge that didn’t peak until April 22 with gold at $3,500. There was a long way to go in the rally following both of those 20-ton inflow days. On the other hand, GDX (gold miners ETF) continues to languish at a rock-bottom 289.6K shares outstanding, down 22% from the start of the year. Lack of interest in the GDX remains somewhat of a mystery.
Swinging To The Right
Albert Edwards, Former Global Strategist at Société Générale: The inter-generational inequalities of income and wealth are leading young people in the Europe to follow the US example, and swing to the right. One key question is whether once in government, they will slash social spending to avert fiscal disaster…
Listen to the greatest Egon von Greyerz audio interview ever
by CLICKING HERE OR ON THE IMAGE BELOW.
Gold
Graddhy out of Sweden: Gold just made a new all-time high, again.
I have been stating that the target for the price structure below is about $4 000.
It now has a third, pink consolidation pattern since the breakout above blue line. Three smaller consolidation patterns within a larger move is classic strong bull market behaviour. Could see a larger consolidation pattern build out once this larger move is done.
Said at blue breakout 18 months ago, that think gold will have a historical lockout, runaway move, i.e. that it will not backtest that huge $2100 level breakout.
And, that is what happened – gold did not backtest the breakout.
Also said back then 18 months ago, that this runaway move will mean small pullbacks, cause the bullishness will increase hugely.
And that is what we got so far – small pullbacks relative to the size of the move, i.e. shallow weekly cycle lows.
Follow the wrong people, and you will miss most of the bull market, like many did following the wrong people during the huge gold move last 18 months. We at the service nailed this big up-move so far. And we aim to nail the next one too.
When a bull resumes, as gold did with the blue breakout below, it is vital to change mindset. One can not play a bull with a bearish mindset. If you doubt the bull, you will not be able to change mindset. You have to believe in the bull or you end up being a victim of the wall of worry, i.e. your own emotions. That’s also why most missed the 2022 lows, and many called for an early top or ridiculously low numbers, plus bailed to “get in lower” during the huge up-move last 18 months.
Her Gold Price Predictions Have Been Deadly Accurate
Nomi Prins: “I think what’s happening in gold, and you’re right I did recommend all of those forecasted points on gold. We’ve hit them. I just put out a piece yesterday about the case for gold going into the final quarter of 2025 and moved my price prediction up to… CLICK HERE OR ON THE IMAGE BELOW.
© 2025 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.
