BillHolter.com

Bill’s Commentary:

“Not ironic Wolfgang, it is the way it always had to be in the end…”

Bill,

The irony of this unfolding scenario is unmistakable. 

For years now, young investors have ignored and discarded gold and relied on the crypto world for safety.

Now, to enhance the safety and stability of stablecoins, the crypto world has turned to gold!

Tether’s gold purchases could support prices for years - Jefferies

“This means Tether is the largest holder of gold outside central banks, and its holdings are roughly equal to smaller central banks such as Korea, Hungary, and Greece,” the analysts said.

Wolfgang Rech 

Tether’s gold purchases could support prices for years – Jefferies

(Kitco News) – Central bank gold purchases and investment demand have been two key factors driving gold prices to record highs this year, but one investment firm is looking at another segment of the gold market that is starting to attract significant attention.

For years, many analysts have expected tokenized gold to be the next evolution in the precious metals space, and it appears its time has come, as Tether Limited, the leader in cryptocurrency stablecoins, has become a major player in the sector.

Fahad Tariq and Andrew Moss, equity analysts at Jefferies, recently published a report on Tether’s growing influence in the gold market and the transformative impact this demand could have on gold and the mining industry.

Read more here…

Bill’s Commentary:

“Does the rubber finally meet the road in December?”

CME’s “Cooling Failure”: When Zero Free Float Silver and 400 Million Ounces Standing for Delivery Blow the Fuse on the Servers

Silver’s Moment of Truth: When the Screen Went Dark and 400 Million Ounces Knocked

The moment the screen went dark, every silver trader on the planet knew something had snapped. Silver futures had been grinding higher for months, each dip devoured faster than the last, but that night the tape stopped behaving like a market and started behaving like an escape attempt. Asian buying bled into London, London bled into New York pre-market, and the chart turned into a near-vertical line as bids chased price and offers simply stopped showing up. What was supposed to be a risk-management tool had become the eye of the storm. Then, at the precise tick where a new all-time high printed, the feed froze. No quotes. No trades. Just a bright, clean nothing where a liquidity inferno had been seconds before.

Read more here…