Explosive Metals! Manic Metals Report 01/31/2025

Explosives moves! Gold record highs and silver to the Bollinger band may cause some profit taking after this incredible bull run. Tarif talk and Central banks loading up is running and making a run on physical supply.

Platinum broke out trying to catch up with gold yesterday and still may have some more upside Palladium also had a good day but it’s hitting some resistance the possibility President Trump putting tariffs on both Canada and Mexico is supportive for the precious metals.

We have started to see some risk in buying gold and silver but this morning we lit up positions on gold and silver looking for a pullback and we would recommend that you do the same you don’t want to get too greedy here.

Yet demand for gold is going crazy.

Myra P. Saefong at MarketWatch reported “A rush on physical gold, thanks to President Donald Trump’s tariff plans, has fueled a rise in prices of the precious metal to fresh record highs. There are many demand drivers in gold currently, but one is adding pressure to an already tight market, said Peter Spina, president and founder of gold news and information provider GoldSeek.com. “There is incredible demand for physical gold in New York markets,” he said, referring to it as a “physical gold rush.” ‘There is incredible demand for physical gold in New York markets.’ Trump’s plan for tariffs is “creating a scramble for physical [bullion] as a threat of 25% tariffs could shoot the price of imported gold to $3,500 an ounce,” Spina told MarketWatch. “There is so much uncertainty and fear surrounding potential tariffs coming soon that buyers are desperately trying to source gold and silver before prices could skyrocket, as there is not enough domestic supply of gold to meet demand.” He would be significantly worse as several times more silver is imported, primarily from Mexico and Canada, into the U.S. to meet domestic industrial and investment silver needs, said Spina.

And you look at these out precious metals here today they’ve had an incredible run this week the sanctions obviously probably speed up the move to the upside but there’s no reason why gold shouldn’t get the $3000 an ounce I think there’s no reason why silver isn’t going to make new highs here shortly somewhere up to 50 to $70.00 platinum of course is on fire today trying to catch up with gold palladium also looks pretty good so it looks like the metals are the place to be.

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