Gold/Silver Shorts Have Been Destroyed | Peter Grandich
Gold and silver continue to surge higher after silver's critical break above $30 last week. Today, gold hit $2449 and silver rose above $32. Peter Grandich (https://petergrandich.com) says this move has overpowered the paper market. If the gold and silver shorts have stayed in the market, "they've been destroyed." The bull market is far from over, forecasts Grandich, "maybe we're half way through this metals move."
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1 oz Silver Philharmonics: $3.15 over spot
1/2 oz SIlver Canadian Polar Bears: $2.50 over melt (per coin)
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INTERVIEW TIMELINE:
0:00 Intro
1:24 Paper market has lost control
5:00 Retail market
9:30 $32 silver
11:55 BRICS & gold
16:00 Treasuries vs gold
19:00 Western vs Eastern demand
21:38 Miners
29:11 Water
30:35 Gold & silver forecast
33:17 Peter Grandich & Co.
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