Silver Allocations Still Tiny Relative To Historical Norms, Jim Rickards Hikes Gold Prediction To 10K For End Of 2026, COMEX Physical Silver Deliveries Hit An All Time Record For December, China Purchases A Record $961 Million In Gold From Russia In November

We are still early. Allocations are tiny, price is screaming.

• Asia premium + intermittent backwardation → real-metal demand yanking NY higher.

• SLV calls stacked (60–70) → dealer gamma chase on every uptick.

• Inventories bleeding & banks net long → less lid, more fuel.

Near term: magnet $72, then $75–$78 if squeeze runs; must hold $66–67.

Watch: SGE > COMEX by $2+, rising SLV call OI, falling COMEX registered, sticky lease rates.

Rickards isn’t a rando on YouTube—he’s consulted/briefed elements of the U.S. intel and defense community, including DoD, and is often reported to have advised CIA/Treasury.

If he’s moving his target to $10K gold by 2026, the signal is: policy makers expect sustained debasement/instability.

Translate that to the trade: gold up the stairs, silver up the elevator (high-beta monetization).

Translation: people aren’t rolling—they’re taking the metal.

• December COMEX delivery notices now 62.74M oz (record December).

• That’s roughly half of “registered” inventories being claimed in one month.

• Signals tight physical, rising stress for shorts, and upward pressure on price/vol.

In plain English: the paper game continues to bleed into the vaults.

Gold’s rip isn’t confetti—it’s a flare.

When insiders hide in hard collateral, they’re not chasing hype; they’re front-running trouble.

Smart money is buying because the mid-term looks stormy: tightening collateral, policy strain, and credit fragility.

Celebrate the gains, sure—but read the message: risk is rising.

EFP blow-out = physical squeeze.

Futures are trading $10–$35/oz over spot, meaning paper gold is paying a fat premium to source real bars.

That screams tight metal + clogged arbitrage/credit pipes—shorts are paying up to roll or deliver.

Historically, either more metal shows up…or price jumps.

Signal > noise: China just bought a record ~$1B of Russian gold in a month.

Translation: de-dollarized reserves, sovereign bid, and tight physical. 

When the biggest players hoard metal off-market, they’re front-running a new collateral regime—and that’s bullish as hell for gold (and silver’s high-beta).

Why I Use HardAssets Alliance

HardAssets Alliance provides:

• 100% insurance of metals for market value

• Institutional-grade daily audits and security

• Best pricing — live bids from global wholesalers

• Fully allocated metal — in your name, your bars

• Delivery anytime or vault-secured across 5 global hubs

Luke Lovett
Cell: 704.497.7324
Undervalued Assets | Sovereign Signal
Email: [email protected]

Disclaimer:
This content is for educational purposes only—not financial, legal, tax, or investment advice. I’m not a licensed advisor, and nothing herein should be relied upon to make investment decisions. Markets change fast. While accuracy is the goal, no guarantees are made. Past performance ≠ future results. Some insights paraphrase third-party experts for commentary—without endorsement or affiliation. Always do your own research and consult a licensed professional before investing. I do not sell metals, process transactions, or hold funds. All orders go directly through licensed dealers.