The latest from USA Watchdog –
Bill’s Commentary:
“Global yields are telling us something, are you listening?”
German Bund Yields Extend Rise; 30-Year Yield at Highest Since 2011
0705 GMT – German 30-year Bund yields continue to rise, extending Monday’s move and hitting their highest level since 2011, LSEG data show. The 30-year Bund yield reaches a high of 3.3840%. Yields have been increasing over recent weeks as investors factor in Europe’s increasing defense expenditures and Germany’s infrastructure spending. Eurozone flash-estimate inflation data for August are due at 0900 GMT and are expected to cement the view that the European Central Bank should keep interest rates unchanged at its September 11 meeting. (emese.bartha@wsj.com)
Bill’s Commentary:
“Much of history has been rewritten in case you did not know…”
Bill’s Commentary:
“Chris Marcus’ latest report on silver.”
Hi Billy,
Here’s the report in case you’d like to take a look.
Chris
Arcadia Economics
Gold and Silver ResearchGet Access To Our Daily Gold & Silver Substack here:
https://goldandsilverdaily.substack.com/
Begin forwarded message:
From: Arcadia Economics’ Gold & Silver Daily <goldandsilverdaily@substack.com>
Subject: ARCADIA SILVER REPORT: An Overview Of The Silver Market In Late 2025, And The Problems Posed By The Ongoing Defici…
Date: September 5, 2025 at 6:09:32 PM EDT
To: chris@arcadiaeconomics.com
Reply-To: Arcadia Economics’ Gold & Silver Daily <reply+2uy6ng&196ba0&&5fd962033721eb2fe27a35a75ed0080a838f1c94b3dabcb64d9793956a80b191@mg1.substack.com>
Forwarded this email? Subscribe here for moreARCADIA SILVER REPORT: An Overview Of The Silver Market In Late 2025, And The Problems Posed By The Ongoing DeficitsCHRIS MARCUSSEP 5 READ IN APP I’ve mentioned in the past few months that I’ve been working on a silver report, with the goal of providing an overview of the market, what’s led us here, what to expect going forward, and some of the important yet rarely addressed questions that have been left unanswered. Fortunately, it’s finally complete, and I hope you find it enjoyable and helpful. An Overview Of The Silver Market In Late 2025, And The Problems Posed By The Ongoing DeficitsIt’s a fascinating time in the silver market, and the following report lays out an overview of the current state of the market as of September 2025.This report discusses the events that have brought us to this point, extensive sections on both the supply and demand dynamics that have led to silver deficits over the past few years, and perhaps most importantly, the different paths forward that are possible from here.The report also addresses several of the key questions on the minds of silver investors that rarely get addressed, but are more important to consider than ever, including:The risks to the market posed by the ongoing deficitsWhy the deficits are more likely to continue, or even increase, rather than go away in the years aheadThe reason why the challenges facing the silver mine supply still don’t easily get resolved even at a $50 or $100 silver priceWhy silver has lagged gold over most of the current rallyWhat happens to silver demand if there’s a recessionHow silver has actually performed over time relative to inflation, and whether
silver has actually fulfilled its role as an inflation hedgeWhether silver can be expected to serve as an inflation hedge in the years aheadWhy the silver price declined during a decade of 0% rates and quantitative easingHow to put the spikes to $50 in 1980 and 2011 into a more appropriate contextAnd several of the other fascinating dynamics that have left the silver market on the verge of some potentially unusual and asymmetric outcomes in the years aheadTo read the full report, just click to download this file.Arcadia Economics An Overview Of The Sil…13.6MB ∙ PDF fileDownloadSincerely,
Chris MarcusFor more video coverage of the gold & silver markets, visit the Arcadia Economics YouTube channel.
Bill’s Commentary:
“Erik for the weekend.”
The latest from Erik –
BillHolter.com 
Thank you pamelamoves@gmail.com
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