Silver soars in the overnight markets

Good Day… And a Wonderful Wednesday to you! This is getting worse by the day with no laptop , and it’s driving me batty!

Well, Gold and Silver kicked some dollar tail yesterday ... Gold gained $45, and Silver gained $4.64!  A banner day for these two metals for sure! Gold ended the day at $4,493, and Silver ended the day at $81.19

Didn't I tell you after Silver reached p$70 that it wouldn't take as long to get to $80, and it didn't!

The dollar took its gain of 3 index points in the BBDXY in the overnight markets and then lost 1 index point to end the day at 1,205... I really think the dollar bugs are totally confused about the takeover of Venezuela... They aren't sure if it's a good or bad thing for the dollar...

I told you the other day that it was my thought that we ousted the Venezuelan leader so we could control where the oil that is to be shipped is going... Preferably not to China and Russia... to re establish the Petrodollar which had begun to unwind thanks to China and the BRICS.

So much for all that geopolitical talk... now back to the regular programming... Doug Casey says that 2026 could be Silver’s breakout year! He went on to illustrate that back in the day when the Hunt Brothers tried to corner Silver. And Silver rose to $50 in1980… Adjusted for inflation, $50 silver in 1980 times…

So, yesterday I highlighted the guy that showed us that the Gold/ Silver ratio history could return which would put Silver at much higher prices…. And now the illustration from Doug Casey….

So, what will you do.

The price of oil got mixed up in all this petrol shipping problems and lost $2 and ended the day trading with a $56 handle

And the 10- year Treasury’s yield is stuck in the mud… It ended the day with a 4.17% yield…

In the overnight markets last night… there was some movement in the markets I follow last night… The dollar stayed steady at 1,205 in the BBDXY, but Gold & Silver saw a combination of a little profit taking, from the short- timers, and the SPTs working their dastardly deeds once again. Gold is down $44 and Silver is down $2.36 to start our day.. The question is will the SPTs persist today or will the buyers show up and make life difficult for the SPTs? I guess we’ll have to wait and see, eh?

I still have my laptop problem so once again this will be a short letter this morning, considering how long it takes to get it out… I do want to apologize for the errors and typos and missed words in yesterday’s letter…  I did see them later… UGH

The focus in the markets seems to shifted from the Venezuelan caper to the economic data that’s on the way… I say that because to me, the markets have brushed off the deepening geopolitical problems and decided that the economic data is more important… Well, I don’t know which item is more important, but you can’t fight City Hal, so I’ll just roll with the punches here…

The euro slipped back below the 1.17 figure overnight and the rest of the currencies don’t look as perky as they did yesterday… What a difference a day makes, eh

I got a Big Chuckle out of something I came across yesterday... it's the AI explanation of how the Fed/ Cabal/ Cartel maintains dollar dominance through sound monetary policy ( like controlling inflation via interest rates)

And it goes on to spew more lies... yes, the things listed are What a Central Bank should do to provide their respective currency, strength...

But none of the items have been expressed by the Fed Heads... So we have a dollar that lost 8.5% last year, and if things go as I expect the dollar will be down more than 8.5% this year... I'm just saying...

The U.S. Data Cupboard is back in the mix today with the Dec print of the ADP Employment Report and right now it's supposed to come quite short of jobs... we'll also see Factory Orders for 3 months ago... Geesh... and finally, the Job Openings for Nov... still some stale data coming through... UGH...

To recap... Gold & Silver had banner days on Tuesday but overnight the SPTs were back and took a pound of flesh to start our day. The dollar has rallied from Monday's lows... chuck talks about what the Fed Heads are not doing!

Here’s your snippet: “Following yesterday's U.S. Manufacturing ISM survey disappointment, this morning we get yet more soft survey data - this time a look at the Services sector via S&P Global.

The final (December) U.S. Services PMI data was a disappointment, printing 52.5 vs. 52.9 expected.

While the print was a disappointment, it remains above 50 - expansion - but new business inflows rising to the weakest degree in over a year-and-a-half, growth of activity faltered and was the lowest since last April

Confidence in the outlook also weakened, whilst employment volumes stagnated, failing to rise for the first time since last February

The S&P Global U.S. Composite PMI recorded 52.7 in December, down from 54.2 in the previous month.

Business activity continued to expand in December, rounding off another quarter of robust growth, but as Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, points out, "the resilience of the U.S. economy is showing signs of cracking."

Chuck again... I don't agree that the U.S. economy is moving along just fine.. there are parts that are and parts that aren't.,, I'm just saying...

Market Prices 1/7/2026: American Style: A$ .6740, kiwi $.5791, C$ .7242, euro 1.1687, sterling 1.3499, Swiss $1.2555, European Style: Rand 16.4240, krone 10.0544, SEK 9.1944, forint 329.09, zloty 3.6042, koruna 20.7513, RUB 80.48, yen 156.53, sing 1.2814, HKD 7.7856, INR 89.88, China 6.9914, peso 17.96, BRL 5.3756, BBDXY 1,205, Dollar Index 98.58, Oil $56.78, 10-year 4.24%, Silver $ 78.83, Platinum $ 2,319.00, Palladium $. 1,728.00, Copper $5.96, and Gold $4,446.

That's it for today... I guess I'll have to take my laptop to a professional techie to find out what's going on here... UGH! John Lennon' #9 Dream takes us to the finish line this morning.. (I believe this is John's best solo work) I hope you have a Wonderful Wednesday today and Please Be Good To Yourself.