Silver appears to be on the verge of breaking out of a 90-year triangle formation dating back to 1933 when silver was only 25 cents an ounce. At the same time, Newmont Mining (NEM), the largest world’s largest gold miner, just saw record trading volume this month, and Newmont shares have been trading since Nixon closed the gold window.
In related news, an article posted on the New York Fed admits that reverse repos are being used to fund Treasury Bill auctions. What it failed to mention is who or what funds are these auctions when the overnight reverse repo facility is exhausted, which should happen within the next 2 months or so?
To find out more, click to watch the video now!