Today is Election Day. Gold is trading just below $4,000, silver is at $50, and oil is hovering around $100. All three markets were set at levels that made the economy look stable heading into the election. After tomorrow, the incentive to intervene in these markets is greatly diminished. The Strategic Petroleum Reserve has been drawn down significantly, leaving far less ability to use oil releases to keep prices in check. Meanwhile, central banks and ETFs have been accumulating physical gold and silver while prices remained suppressed. After today, that window of opportunity is closed. I’m expecting significant moves beginning tomorrow and continuing through the end of 2026 and beyond.

Between Election Day and November 24, gold could be approaching a critical window for a potential melt-up. November 24 is the date associated with the following December COMEX gold call options. $4,000 – 943 calls
$4,050 – 1,584 calls
$4,100 – 3,381 calls
$4,150 – 1,925 calls
$4,175 – 1,065 calls
$4,200 – 4,672 calls
$4,225 – 2,107 calls
$4,250 – 2,499 calls
$4,300 – 4,762 calls
$4,350 – 6,478 calls
$4,400 – 4,260 calls
$4,500 – 10,846 calls
$4,510 – 5,079 calls
$4,600 – 6,584 calls
$4,700 – 5,909 calls
$4,725 – 9,544 calls
$4,750 – 3,735 calls
$4,800 – 8,648 calls
$4,850 – 3,326 calls
$4,900 – 5,314 calls
$4,910 – 2,066 calls
$5,000 – 11,902 calls
$5,100 – 3,643 calls
$5,200 – 2,646 calls
$5,225 – 9,412 calls
$5,250 – 1,838 calls
$5,300 – 2,363 calls
$5,400 – 4,232 calls
$5,500 – 16,931 calls
$5,600 – 3,069 calls
$5,800 – 2,179 calls
$5,900 – 1,063 calls
$6,000 – 14,894 calls
$6,200 – 3,067 calls
$6,300 – 1,015 calls
$6,500 – 6,808 calls
$6,800 – 2,009 calls
$7,000 – 10,600 calls
$7,500 – 3,629 calls
$8,000 – 13,511 calls
$8,750 – 1,343 calls
$9,500 – 1,079 calls
$10,000 – 11,334 calls
$15,000 – 36,703 calls
$20,000 – 38,128 calls Notice the significant open interest at several major strike prices, particularly $5,000, $5,500, $6,000, $7,000, $8,000, $10,000, $15,000 and $20,000. Could the recent pullback in gold prices ahead of Election Day set the stage for a short squeeze? Have insiders known all along that the plan was to reprice gold in November? Another possibility is that the market maker is suppressing gold prices to ensure these calls expire worthless, only to let gold explode higher once expiration passes. Regardless of the explanation, I've been reporting on these call options since earlier this year. This month, we'll find out whether there was any significance behind them. #gold #silver

The price of gold is a national security issue for America, but not for the reason most people think. Gold has become one of America’s largest exports, and its low price makes it easier for foreign buyers to acquire large quantities of physical gold. If gold were priced higher, the same nominal dollar value of exports could represent fewer ounces leaving the country, allowing America to retain more of its gold within its own borders. That’s why a higher gold price is in America’s best interest. They just don’t realize it yet. #gold #silver

Many people simply don’t understand that the United States is in such a bad financial position that it would actually benefit from higher gold prices. The last time the economic situation was this unsustainable was in 1971. Gold is going much, much higher!