I noticed something very odd in reading this week’s “The Gold Update”. See this graphic and commentary taken from yesterday’s issue. “How was that for a precious metals’ Happy New Year? For 2022’s opening five-day stint, Gold traded down as much as an annoying -2.7% and Silver an indecent -6.0%. And yet in commencing this 22nd year of the 21st century, we’ve had far worse five-day starts per the following table, 2022 being Gold’s seventh-worst and Silver’s third-worst, as measured from 2021’s close through last week’s low:

The Good News is with respect to Gold’s side of the table, in just one of those years (last year) did the yellow metal go on to finish its year in the red. The Bad News is with respect to Silver’s side of the table, it finished its year in the black but two times.” Those others usually saw gold actually end very strong by year end but silver, more often than not, didn’t. Here is my take. Since the metals are heavily manipulated, it isn’t surprising, and quite noticeable, that the four largest first week declines in gold, all resulted in the four largest year end percentage gains. The banksters take them down early to load up for the outsized gains. What he didn’t mention, but I noticed, is that everyone of the previous instances was an odd number ending year, until this one, and 2022 is the first time for back to back years with large first week declines. I don’t know what, if anything that means, but I would expect something completely different than all the previous instances!