Disappearing Gold And Silver Inventories Point To Bond Market Turmoil

According to Larry Summers 1985 paper on Gibson's Paradox, rising gold and silver prices have historically driven interest rates higher. Also see Gibson's Paradox Revisited: Professor Summers Analyzes Gold Prices. 

Since January, there has been a 25% increase in the price of silver and and prices of silver producers and silver juniors are 300% to 350% of what they were at the January lows (see mining index graphs at bottom).

Silver inventories are also being rapidly drawn down at the COMEX with claims per oz of vault silver at record highs and registered vault silver bullion holdings at record lows.



https://www.silver-phoenix500.com/article/comex-registered-silver-owners-ounce-jump-record-leverage

Gold and silver metal depletion in London and NY signal much higher metal prices and interest rates coming.

With daily average trading volume of silver on the LBMA of 1.75 billion oz., the open interest of spot market claims for silver at the LBMA are 3x to 5x the size of all global refined silver bullion stockpiles (including the ETFs) -  a new physical market for pricing precious metals is being born.

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Silver Producers



Junior Silver Miners