⛏ Falling inventory behind silver price surge

Falling inventory behind silver price surge: Sprott
In Sprott’s December precious metals report, analysts led by Paul Wong wrote that the global silver inventory has reached a point where any further demand is “creating price convexity” — when price changes speed up as the metal’s supply tightens. Read on »

Here’s Why and How the Fed's QT Was Always Fake (Spoiler: Fiscal Dominance)
The Fed made noise about shrinking its balance sheet, let some short-term bills roll off naturally (the least consequential part), and called it progress. But the core distortion—the trillions in long-term Treasuries artificially suppressing yields and propping up asset prices—never budged. In fact, it grew. Read on »

How News Flow Obsession Is Warping Junior Miners
Chris Frostad, CEO of Purepoint Uranium, offered a candid assessment of how capital markets pressures have fundamentally altered exploration company behavior. Drawing on decades of industry experience, Frostad articulated what he terms the "exploration treadmill", a cycle where companies must continuously feed investor demands for news flow despite exploration's inherently irregular progress. Read on »