I am sure that many, like me, are a bit surprised by the pullback in most assets right now.

Gold, in particular, looks to me like a massive buying opportunity. Of course, for those of us that are already in it seems concerning on the surface.

I believe it is important to keep our heads in this situation because the next major moves higher could be extremely close.

I am not basing this on hype, theory or belief but what I am seeing.

China, according to Bloomberg, has imported 694 TONS of gold in less than 6 months in 2026. JP Morgan- the major price fixers for the metals have moved their gold trading from New York to Singapore.

Also reported by Bloomberg record amounts of 400-ounce bars are moving from London to Hong Kong. This is important because the Hong Kong Gold Exchange is opening in July 2026. It is also important because most gold traded in Asia is in kilo bars- not the 400 oz bars that are more common in the west. This shows that those “in charge” are moving to where the demand is and are preparing for even larger buying than is already taking place.

These Asian exchanges are PHYSICAL DELIVERY exchanges. As the gold is moving west to east it is more than likely that the physical delivery market will overwhelm the paper casino market. This is also saying that the big money wants the real goods- not some paper promise that may not be filled. Asian buyers feel the same.

Possibly the most important piece of this puzzle is the list of names that are involved-including JP Moprgan, HSBC, Citigroup, Goldman Sachs, and many more.

These are the same entities that have been pushing the price lower to make the dollar appear strong. Now, they may be at it one last time to shake weak hands out and amass a hoard in Asia that they are hoping to sell for a FAR higher price.

In regard to silver, as I have said many times in a deflationary event gold would outperform and silver would be more volatile in both up and down price action. Eventually, however, the very real supply/demand situation- where deficits are huge and demand is still growing will likely lead to a large repricing event that could happen at any time.

With the central banks conjuring up cash there is no guarantee of a deflationary event. Also, with central banks conjuring up cash there is no guarantee that they can conjure fast enough to avoid a deflationary event without destroying the currency that they are “printing”

.FOLLOW THE MONEY- and those that create it and manipulate prices, so they benefit themselves.

These are unprecedented times and traditional thinking is likely to be exposed as a reality of a prior time- whose time has passed and a new monetary regime is on the way.

My guess is that most of the rest of the world will want REAL ASSETS and not promises in quickly depreciating fiat currencies and paper promises that they are promised in.

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