Correlation Economics Backup

Even though the West is not interested in gold and silver (look at the low gold/silver premiums), China is buying like there is no tomorrow. The evidence for this can be found in the SGE numbers. The latest month December 2018, SGE withdrawals were 44.5 tonnes per week, which is historically pretty high. Also the silver and gold premiums in Shanghai are very high. Notice that the gold price is the same as in 2017, but the premium is much higher now. So that could mean gold is breaking out, because of Chinese buying.     India is also importing a lot of silver.

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If you want to predict whether the Fed will raise rates or not, you just need to look at the 2 year bond yield, which is a leading indicator for the Fed Funds Rate.

For years, JP Morgan hasn't changed its registered silver at the COMEX, but it FINALLY happened. Registered silver went from 5122062.104 to 5116914.804. Date Registered Eligible Total 29-Jun 5,122,062.104 138,101,864.800 143,223,926.904 6-Jul 5,122,062.104 138,101,607.330 143,223,669.434 9-Aug 5,122,062.104 139,782,517.360 144,904,579.464 16-Aug 5,122,062.104 140,286,027.820 145,408,089.924 4-Sep 5,122,062.104 140,286,027.820 145,408,089.924 13-Sep 5,122,062.104 139,095,040.670 144,217,102.774 14-Sep 5,122,062.104 139,095,040.670 144,217,102.774 20-Sep 5,122,062.104 137,313,426.370 142,435,488.474 21-Sep 5,122,062.104 137,313,376.820 142,435,438.924 3-Oct 5,122,062.104 134,919,662.210 140,041,724.314 24-Oct 5,122,062.104 142,770,806.105 147,892,868.209 30-Oct 5,122,062.104 143,984,667.905 149,106,730.009 14-Nov 5,122,062.104 147,210,666.625 152,332,728.729 30-Nov 5,122,062.104 145,418,411.965 150,540,474.069 3-Jan 5,116,914.804 141,849,900.705 146,966,815.509