Gold Is Entering the Mania Stage
Contributed Opinion

1. Michael Ballanger: Ior members of my immediate household or family, own securities of: All. My company has a financial relationship with: All.  I determined which companies would be included in this article based on my research and understanding of the sector.
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Michael Ballanger Disclosures

This letter makes no guarantee or warranty on the accuracy or completeness of the data provided. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. This letter represents my views and replicates trades that I am making but nothing more than that. Always consult your registered advisor to assist you with your investments. I accept no liability for any loss arising from the use of the data contained on this letter. Options and junior mining stocks contain a high level of risk that may result in the loss of part or all invested capital and therefore are suitable for experienced and professional investors and traders only. One should be familiar with the risks involved in junior mining and options trading and we recommend consulting a financial adviser if you feel you do not understand the risks involved.

U.S. Dollar Index futures are up 0.11% to 103.120, while the 10-year bond yield is up 0.37% to 4.322% and the 30-year bond yield is up 0.43% to 4.619%.

Gold (+0.88%), silver (+1.22%), copper (+0.28%), and oil (+1.14%) are all up.

The DJIA futures (-0.10%) are lower by 41.0 points, while the S&P 500 futures (-0.13%) are down 7.7 points, and the NASDAQ 100 futures (-0.46%) are down 91.75 points.

Risk barometer Bitcoin is down 1.16% to $82,752 but still in bear market territory, down 24.37% from the top.

Silver

Yesterday, I told you that silver needs to get through $35.07 before I pull the trigger, so while I hate paying higher prices and running the risk of a whipsaw, the strength in gold is telling me that the breakout in silver is imminent, and in my opinion, going to happen today or tomorrow.

The correct trade is to own it now and then watch closely to see if the bullion banks engineer a false breakout, a practice of which they are masters. If there is no reversal above the October 2024 high, then I double up and look for $38 and then $45 per ounce with the record high above $50 in the crosshairs.

In the GGMA 2025 Trading Account

• Buy 2,000 SLV:US at $31.15 limit

Wait for the breakout above $35.07 basis May silver (SLV:US $31.80) after which I will issue my stop-loss order.

For risk-tolerant traders:

• Buy 50 SLV May $30 calls at $2.00

I am risking 50% on this trade, so as in the SLV:US, watch for the breakout and subsequent attempt at a raid by the bullion banks. If there is no whipsaw, I will double the position on a 2-day close above $31.80 (SLV:US).