Good Morning

Weekend Prep.

Good morning, this weekend we will be publishing three posts of interest.

1- Bank of America addresses the Silver tariff and EFP situation— the bank put out a report only days after we addressed the EFP situation as it coincided with the tariff concerns in both the silver and gold markets. We will be breaking that report down in the context of previous discussions over the weekend. It is a very frank professional report that we think was in part inspired by the work of others who have drawn attention to this.¹

Related:

• The Silver EFP problem- Jan 14

• Gold and Silver EFP leads to mini Comex Squeeze- Dec 12

2- The Goldfix Weekly Report— which will recap and give overview of most major markets with a focus on precious metals, inflation, and geopolitical risks, governing those markets.

• Previous GoldFix Weekly

3- Hartnett Weekly walk-through— which we’ve been doing weekly for the better part of two years for premium subscribers.

• Last week’s Hartnett here

See you this weekend.

1. Goldfix has covered this phenomena along with friend and founder Bob Coleman (who himself had noticed the ego fluctuations and correctly handicapped the reason as early as December) as recently as last week in a podcast here.

We have also discussed EFP‘s and spreads with subscribers in podcast formats from time to time over the last 3 to 4 years as they are early indicators of short squeezes.

Further, there can be no doubt that the weakening of the mainstream media’s lock on audiences has been because of work of alternative media . Because these alternate news sources are credible and the audience that reads them wishes to learn more and not be condescended to you or made to feel stupid, the mainstream media has started to cover these issues and areas of interest— or continue to lose readership...

This in turn broadens public awareness on the topics like EFP‘s, like China premiums, dedollarization, and like precious metals in general. The bonus of all this is that banks like Bank of America are now reacting to these effects and in doing so disclose to people who wish to learn things that we’ve been saying here for the last three years. Namely that there’s a lot more going on in precious metals than a CNBC talking head can even comprehend let alone talk about.