The paper war continues with algorithmic bentBullion banks prepared for rising gold and silver prices: https://www.tfmetalsreport.com/blog/8463/more-cot-perspective
Gold Mine Reserve Crisis and higher prices: “The bankers running these senior gold miners would sit around, cheque-books in hand, waiting for some junior gold miner to establish a multi-million ounce gold resource (today, preferably from under 5 million ounces or more). Then they would overpay for the project and put it into production themselves…Even with belated interest in exploration from the seniors, and a willingness to lower their threshold for project size (to less than 5 million ounces), at current price levels for gold there is absolutely no indication that the industry can halt either the current decline in production or the continued decline in reserves….This supply crisis …leaves virtually nothing for Western gold demand. Nothing for Western jewelry demand. Nothing for Western investment demand, to supply the sales of gold bars and coins from our national mints. This is a market in perpetual deficit (just like
silver). …The limited number of high-grade gold projects which could come into production over the medium term at the current price are not sufficient to halt the declines in either production or reserves…This likely bodes well in the near term for those investing in junior gold mining companies : https://www.24hgold.com/english/news-gold-silver-gold-the-mine-reserve-crisis-and-higher-prices--jeff-nielson.aspx?article=11234558732H11690&redirect=false&contributor=Sprott+Money
See also Evaporating Gold Reserves: :https://www.sprottmoney.com/blog/evaporating-gold-reserves-signal-dying-sector-jeff-nielson-sprott-money-news.html
ALERT: All-Time Record Silver Short Covering Spree Continues! Plus A Look At Gold! https://kingworldnews.com/alert-all-time-record-silver-short-covering-spree-continues-plus-a-look-at-gold/