THE LONG GAME: Gold/Silver Deliveries Surging As Prices Are Up | Ed Steer

Ed Steer provides an in-depth analysis of the ongoing developments in the gold and silver markets, particularly the unprecedented flow of physical metal between London and New York. He highlights the growing delivery backlogs on the COMEX and the increasing short positions in precious metals, especially silver. Steer speculates that these market conditions could lead to a significant price surge if a short-covering rally occurs, potentially causing a dramatic spike in silver and gold prices. He also discusses the implications of China’s rising influence on global markets, noting that the shift away from paper markets could result in a new pricing system led by physical gold. In conclusion, Steer advises people to consider acquiring tangible assets like gold and silver to safeguard their financial future amid the current global economic uncertainties.
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INTERVIEW TIMELINE:
0:00 Intro
1:30 London gold outflows
5:25 Concentrated silver short positions
15:45 Owning physical gold and silver
17:52 Ed Steer's website
19:25 Weekly specials

Source: https://www.youtube.com/watch?v=e17XAf4NZUA