THE SQUEEZE IS ON! ALASDAIR MACLEOD EXPLAINS WHY “GOLD & SILVER ARE GOING TO RUN VERY, VERY QUICKLY!”

• The Squeeze is On! Gold & Silver spike through $1300 & $20- is the next major bull move underway?
• Will the end of the Silver Fix kill the gold fix as well?  Alasdair explains why THE FIX IS DEAD!!
• We discuss physical demand in US & Europe, & Alasdair breaks down how 3/4 of all above ground gold is now in Asia!
• Bloomberg admits paper derivatives in silver is a $5 trillion annual market, with gold an $18 trillion annual market-  20 x as much paper silver as gold capping prices?
• With gold & silver bursting out of consolidation patterns this week (& silver breaking out of a 3+ year downtrend) Alasdair informs SD readers that once an uptrend is established (perhaps within a matter of a few weeks): “The prices of gold and silver are going to run very, very quickly“, and that “If we look back on 2014 and saw that was the year gold & silver broke into new high ground, it wouldn’t surprise me-I’m not predicting it, but I would not be terribly surprised because the underlying dynamics are there!“

As we entered June, most precious metals market observers were downright despondent.  Calls for silver and gold to crash through $18 and $1200 respectively were common.  But as I noted on our May 30th Metals & Markets show, it was highly probable we had hit bottom that week, and my thesis for a very strong summer remained in place.  I called the turn to the day.

Now, we must be leery of next week.  Just as excitement is ramping up, I think we’ll see a brief pull-back.  It will be minor, with Tuesday’s London trading session and the Tuesday morning COMEX open representing the highest probability window for the bulk of the short-term consolidation and cartel amplification thereof.  Mining shares cooled off this Friday and even though precious metals turned in a respectable after-hours session, the burst of short covering and organic buying seen earlier in the week leveled off.  History shows the cartel conducts its “managed retreat” capping once momentum appears to have reached a short-term peak.

Overall, precious metals remain in strong rally mode, with a particularly explosive set-up for silver given an untenable short position.  We have to get through silver options expiration next week.  But once options expiration passes, the odds are high for gold and silver prices to once again burst higher – with silver leading the way.  By the end of July, I believe silver will have in the very least tested $25/ounce.