True, this is an unusual movement in the price of metals. Bix Weir just released a video touting that, "THIS IS IT!!!" for silver & cryptos (In other words, this is everyones' last chance to secure their assets before the prices go on an upwards tear.).

I'm not yet convinced that this is the BIG MOONSHOT. Gold has gone up about 12 - 13% this year. A similar move in silver, which would indicate that silver is now responding - as it should - to the movement in the price of gold, we'll need to see silver go upwards $3 or $4 and close around $18.50. I've been watching the metals for too long now (about a decade), and have seen these kinds of false moves too often to be fooled by a 40-cent move. That said, this COULD be the start of it - but I seriously doubt it. This is more like a precursor of the big move upwards, a small sign of volatility which is indicating another "crack" in the tight control over the metals markets.

One thing seems pretty sure to me at this point: the big physical stockpile that everybody knows J.P.Morgan is holding in its' vaults - it is holding it for a client. Most likely, that client is the Peoples' Bank of China. Or, that's their largest client - and there may be a couple of others in there as well. I can only hope that the U.S. was smart enough to make a similar move, but I have more faith in the complete and utter stupidity of U.S. politicians than I do in their ability to manage to do anything fiscally responsible.

I would bet on seeing the Gold:Silver ratio go over 100 before seeing it fall back under 50.