BULLION BREAKOUT: Silver +$27.50 oz, Gold +$2,330 oz
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Uninitiated normies watching this week's SD Bullion Market Update likely won't understand. But in the coming years, if they can look back at this video. Well, they'll likely understand it better by then.
For silver bulls like myself, breaking through $26 oz resistance this week was an important technical move. By Tuesday afternoon, it was clear that the Silver Bulls would have a good week on paper.
The spot gold price set another record nominal high, closing the week near 2,330 oz bid in fiat US dollar terms.
The spot silver price ramped after clearing 26 early in the week to close trading at a $27.50 oz bid.
The spot gold-silver ratio shrunk to 84, given silver's strength on the week.
Gold's 200-day moving average is getting close to $2,000 oz, adding another plank to the growing support of this escalating nominal price rise.
20:20
That will be all for our weekly SD Bullion Market Update.
And as always to you out there, take great care of yourselves and those you love.
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US Treasury admits $175.3 TRILLION net Present Value of UNFUNDED Social Security & Medicare /Medicaid:
https://fiscal.treasury.gov/files/rep...see page 193 for their estimated data and time horizon ^^^
India CNBC TV18 clip source:
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Spot Gold Prices:
https://sdbullion.com/gold-price