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Gold/Mining/Energy : The Great Gold and Silver Mining Rush of the 21st Century

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Anchan
From: LoneClone10/20/2025 11:57:57 AM
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Here is my summary of what Saville had to say yesterday. Each point he makes is backed by extensive analysis which I cannot share because it is from a subscription only newsletter, to which I would invite you to subscribe.

He points out that central banks are currently preferring gold to US Treasuries not in an attempt to restore the Gold Standard, but to reduce US counterparty risk. He also points out that recent tightness in London silver represents a problem with logistics, not supply, as global silver supply remains abundant. Finally, he notes that HUI failed to confirm its breakout above the 2011 high so will likely either drop sharply toward the mid-400s or go through an extended consolidation between 500 and 600, all within the context of a ongoing cyclical bull. He also reiterates his belief that copper will be the big winner over the next few years.

LC
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