Weird scenes inside the gold mine

Source: Cobden Centre
by Tim Price

“We don’t usually comment on day-to-day price developments as a) our interpretation of events may well be wrong, and b) by the time we’ve shared them with readers, the markets have moved on in any case. But the magnitude of the moves in the prices of gold and silver on 30th January warrant some further analysis. The financial media were quick to report, firstly, the apparent end to the precious metals ‘bubble’ and, secondly, to blame the new nominee for Fed chairman, Kevin Warsh, for its climactic explosion. Well, as the noted law enforcer ‘Dirty’ Harry Callahan once opined, opinions are like assholes — everybody’s got one.” (02/17/26)

https://www.cobdencentre.org/2026/02/weird-scenes-inside-the-gold-mine-2/