| Ripple Effect — January 30, 2026
Precious metals are seeing their first significant pullback. After topping $120 per ounce, silver has been hammered back to around $100 this morning – a bear market by the numbers.
The quick sell-off is instructive.
Headlines about silver reaching new highs drove new interest from retail investors started to pile into SLV, the silver ETF. The ETF assets reach $50 billion – and at a pace only beaten by the largest bitcoin ETF:  Inflows into silver ETFs have soared in recent days, with the price of the metal
topping $100 per ounce. (Source: Goldman Sachs) Pullbacks are to be expected. Gold and bitcoin sold off yesterday, as well. Our view, the metals – and BTC – are still in a multi-year uptrend.
The analysis we’ve published of the main drivers for gold applies to silver and bitcoin, too. The latter two, however, remain more speculative and gap down and spike up more dramatically. [See our gold analysis: here]
If you’re leveraged to silver, whether through mining companies, ETFs, or the like, it may be prudent to take some profits off the table. And keep your eyes peeled for future moves upward.
~ Addison P.S. Yesterday’s Grey Swan Live! proved a masterclass in how to look for international real estate deals. Ronan’s business model is unique. He’s able to bring serious negotiating weight to the table with developers in markets you’re most likely to find both rental income and capital appreciation.
The intrepid Ronan McMahon of Real Estate Trend Alert explained his system, and showed how owning property – particularly bought in foreign locales – can avoid much of the volatility of traditional assets in the U.S. And, done properly, can be a great source of retirement income.  The replay will be up on the site shortly.
Real estate plays an important role in the asset allocation model we model out for Grey Swan Investment Fraternity members. Later today, at 2 p.m. ET, for paid-up annual Fraternity members, we’ll have a special session reviewing our model portfolio with Andrew Packer. As always, we’ll go over the charts on all our model portfolio positions and what we expect amid the unfolding chaos (and opportunities) of 2026.  If you have requests for new guests you’d like to see join us for Grey Swan Live!, or have any questions for our guests, send them here.
How did we get here? Find out in these riveting reads: Demise of the Dollar, Financial Reckoning Day, and Empire of Debt — all three books are now available in their third post-pandemic editions. You might enjoy one or all three. 
(Or… simply pre-order Empire of Debt: We Came, We Saw, We Borrowed, now available at Amazon and Barnes & Noble or if you prefer one of these sites: Bookshop.org, Books-A-Million or Target.)
Please send your comments, reactions, opprobrium, vitriol and praise to: feedback@greyswanfraternity.com |
Post a Comment
Post a Comment