Founders Daily: They May Want the Silver This Time
Goldman Starts Banging the Copper Drum.. Got Silver?
“Rommel, you magnificent bastard. I read your book!”
Intro:
Good morning. We’re summarizing the Zoltan interview today and hope to have it out by EOD. Maybe in the PM GoldFix.
We’re also sharing today’s Founders post with Premium folks in lieu of the Market Rundown and especially given recent Silver activity…
Bottom Line: This is speculative insight. We don’t give trader recommendations or entry exit points. As our friend and writing partner Brynne Kelly likes to say: “We provide, you decide”.
BOTTOM LINE: THEY MAY WANT THE SILVER
Last week after analyzing the BOA Silver report for premium subscribers and our friends at Arcadia Economics we said:
We’re keeping an eye out for Goldman to start banging the drum on Copper as the next clue
Like clockwork, 10 days after we said that, Goldman has started banging the Copper drum again.
And that implies they are setting the table for their Supercycle report to come around with a focus on Oil and Copper.
SAME AS IT EVER WAS
In case you are a new subscriber to GoldFix: Last year we reported the same flow patterns in Gold. First in August:
Then in December:
This year.. we’re speculating that Silver can lead the complex if external factors align.
CONNECTING THE DOTS
Due to the ramping interest in Silver both by BOA, Shanghai traders, Druckenmiller, and others who whisper to us… Silver may get taken on the next trip. It was also likely not a coincidence BlackRock bought PSLV last month.