COMEX

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Silver - The Last Commodity To Blast Off!

13 Jul 2025 2 minute read 3 comments SweptOverNiagara

One commodity after another has been hitting new highs over the past couple of years with cocoa bean prices leading the way when in December, 2024 the price surpassed $12,000 per ton.  Another commodity, staple rice, has doubled in price in Japan thi...

Gold Finally Breaches $3,000!

14 Mar 2025 2 minute read 2 comments SweptOverNiagara

Just after 4pm yesterday, gold futures hit $3,001, surpassing the $3,000 mark for the first time ever. Then, just after 6am this morning, the spot price did the same thing, going as high as $3,004. See snapshot below, courtesy of kitco.com. Kitco Sp...

Morning JAVA: Gold Futures Surpass $2,900 - BoE Lowers Rates

9 Feb 2025 4 minute read 4 comments SweptOverNiagara

  According to the BBC, the Bank of England lowered rates earlier on Thursday by 25 basis points to where the key lending rate now sits at 4.5%. The base rate is now at its lowest since June, 2023. They forecast inflation to rise to 3.7% later this...

Silver Smacked Down For No Apparent Reason

23 Jan 2023 2 minute read 5 comments SweptOverNiagara

Precious metals are down today, especially silver which is usually the most volatile in the PM group. Silver has dropped more than a dollar starting in the early morning hours and sharply just after 8 am when the NYMex came online. Over the years, I'...

What is happening to silver since my last review (4 Jan 2021)? WallStreetBets Silversqueeze coming?

30 Mar 2021 3 minute read 2 comments CryptoBible00789

Hi, in my previous silver review: The case for 100 USD silver in 2021. The year of the SilverBack! I touched on several basic things you need to understand about silver and its usecases: What is silver? Silver as a monetary asset. Production of silv...