Run Details

State

Completed

Started At

August 29, 2026 at 02:17 AM

Completed At

August 29, 2026 at 02:19 AM

Duration

2 minutes

Headline

Desperate Jackson Hole Gold Silver Selloff

Data Preview

{
  "title": "Desperate Jackson Hole Gold Silver Selloff",
  "filter": {
    "keywords": [],
    "match_mode": "any",
    "match_fields": [
      "title",
      "description"
    ],
    "semantic_filter": true
  },
  "source": "youtube",
  "channel": {
    "url": "https://www.youtube.com/@sdbullion",
    "title": "SD Bullion",
    "handle": "sdbullion",
    "channel_id": "UCUOFyNJ-2WrJ028wRbm2dAQ"
  },
  "matched": true,
  "insights": {
    "risks": [
      "The Fed raising interest rates is seen as a misguided move that will ultimately harm the US Treasury and benefit gold."
    ],
    "topics": [
      "Gold",
      "Silver",
      "US Dollar",
      "Japanese Yen",
      "Federal Reserve",
      "US Treasury",
      "Jackson Hole Symposium",
      "Inflation",
      "Interest Rates",
      "Debt Crisis",
      "Central Bank Policy",
      "Sanctions",
      "Pension Funds",
      "ETFs",
      "Chinese Gold Imports",
      "Indian Silver Imports"
    ],
    "summary": "The video argues that recent hawkish statements from the Fed at Jackson Hole led to algorithmic selling of gold and silver, but this is a short-term distraction from underlying long-term bullish trends for precious metals. The speaker highlights the unsustainability of US debt, the weakening US dollar, and increasing global interest in gold and silver by central banks, pension funds, and individual investors as hedges against impending debt crises and currency devaluation.",
    "entities": [
      {
        "name": "Federal Reserve",
        "type": "organization",
        "context": "held their annual Jackson Hole symposium"
      },
      {
        "name": "Kevin Warsh",
        "type": "person",
        "context": "Chairman of the Federal Reserve, gave a speech at Jackson Hole"
      },
      {
        "name": "Ben Bernanke",
        "type": "person",
        "context": "former Fed Chairman, mentioned in Warsh's speech"
      },
      {
        "name": "Don Kohn",
        "type": "person",
        "context": "former Vice Chairman, mentioned in Warsh's speech"
      },
      {
        "name": "US Treasury",
        "type": "organization",
        "context": "responsible for managing US debt, seen as the 'real show'"
      },
      {
        "name": "Scott Bessent",
        "type": "person",
        "context": "US Treasury head, spoke on threatening Iran with sanctions"
      },
      {
        "name": "Iran",
        "type": "region",
        "context": "threatened with secondary sanctions by US Treasury"
      },
      {
        "name": "Germany",
        "type": "region",
        "context": "mentioned in context of US sanctions"
      },
      {
        "name": "Gold",
        "type": "commodity",
        "context": "sold off due to hawkish Fed speech, recommended as a hedge, increasing ETF holdings"
      },
      {
        "name": "Silver",
        "type": "commodity",
        "context": "sold off due to hawkish Fed speech, expected to rally"
      },
      {
        "name": "US Dollar",
        "type": "concept",
        "context": "popped after Fed speech, expected to decline"
      },
      {
        "name": "Japanese Yen",
        "type": "concept",
        "context": "weakened, US Treasury intervened"
      },
      {
        "name": "ABP",
        "type": "organization",
        "context": "Europe's largest pension fund, Dutch retirement fund"
      },
      {
        "name": "Fidelity International",
        "type": "organization",
        "context": "doubling gold holdings"
      },
      {
        "name": "Singapore",
        "type": "region",
        "context": "Monetary Authority removed cap on physical precious metals"
      },
      {
        "name": "Ray Dalio",
        "type": "person",
        "context": "billionaire investor, recommends 15% gold allocation"
      },
      {
        "name": "Japan",
        "type": "region",
        "context": "seen as front-runner for Western world's debt crisis, high debt-to-GDP ratio"
      },
      {
        "name": "India",
        "type": "region",
        "context": "silver imports impacted by duties, hints at duty cuts, high forex reserves"
      },
      {
        "name": "David McAlvany",
        "type": "person",
        "context": "CEO & Portfolio Manager, McAlvany Financial Group, provides gold outlook"
      },
      {
        "name": "Stanley Druckenmiller",
        "type": "person",
        "context": "investor, cited for views on Fed policy and debt"
      },
      {
        "name": "Jesse Colombo",
        "type": "person",
        "context": "industry friend, provided Gold-to-Silver Ratio chart"
      }
    ],
    "sentiment": "bullish",
    "confidence": 0.9,
    "key_points": [
      {
        "point": "The Fed's annual Jackson Hole symposium featured Kevin Warsh's speech, which triggered an algorithmic price sell-off in gold and silver.",
        "timestamp": "00:48",
        "importance": "high"
      },
      {
        "point": "Warsh's speech used keywords like 'hikes' to be perceived hawkish, leading to typical algorithmic selling in perceived risk assets like spot gold.",
        "timestamp": "01:17",
        "importance": "medium"
      },
      {
        "point": "Spot gold sold off, the fiat US Dollar popped, and the fiat Yen weakened, moving well above the US Treasury's intervention level.",
        "timestamp": "02:19",
        "importance": "medium"
      },
      {
        "point": "The idea that 2% is the Fed's hard inflation target is considered a 'joke,' with a long-term need for higher inflation that will lead to real losses for bondholders.",
        "timestamp": "02:35",
        "importance": "high"
      },
      {
        "point": "The US Treasury is now considered the 'real show' in financial markets, with the Fed being secondary.",
        "timestamp": "02:49",
        "importance": "high"
      },
      {
        "point": "One year prior at Jackson Hole, silver was in the high $30s/oz, gold was around $3300/oz, and the gold-silver ratio was near 90.",
        "timestamp": "02:59",
        "importance": "low"
      },
      {
        "point": "US Treasury head Scott Bessent threatened Iran with hyper-aggressive secondary sanctions, which could severely fracture global markets, stating that nations should 'leave the dollar system' if they don't meet US expectations.",
        "timestamp": "03:10",
        "importance": "high"
      },
      {
        "point": "Europe's largest pension fund, ABP (Dutch retirement fund), significantly reduced its holdings of US Treasuries by 84%, from 29 billion euros to 4.6 billion euros.",
        "timestamp": "04:42",
        "importance": "high"
      },
      {
        "point": "Fidelity International is doubling its gold holdings and considering lifting its 5% bullion allocation limit due to uncertainty over US Federal Reserve policy and the declining US dollar.",
        "timestamp": "04:56",
        "importance": "medium"
      },
      {
        "point": "Singapore's Monetary Authority (MAS) removed the 5% cap on holdings of physical precious metals for investment funds and family offices.",
        "timestamp": "05:07",
        "importance": "medium"
      },
      {
        "point": "Billionaire Ray Dalio advised investors to reduce bond holdings and allocate as much as 15% of their money into gold to hedge against a US debt crisis he warns could be just three years away.",
        "timestamp": "05:20",
        "importance": "high"
      },
      {
        "point": "Ray Dalio explained that countries solve debt problems by devaluing currency, printing money, and creating artificially low interest rates, forcing bondholders to accept low returns, similar to Japan's approach.",
        "timestamp": "05:40",
        "importance": "high"
      },
      {
        "point": "Gold-backed ETF buyers have been increasing their purchases recently, and Chinese gold imports remain heavy despite historically high local nominal prices.",
        "timestamp": "06:26",
        "importance": "medium"
      },
      {
        "point": "Japan's local gold prices have more than quadrupled from their 1980 nominal high, while silver prices have barely doubled, indicating a significant divergence.",
        "timestamp": "06:43",
        "importance": "medium"
      },
      {
        "point": "Japanese bondholders have experienced losses of 51% relative to holding US dollar debt and 76% relative to holding gold since 2013, with typical Japanese wages falling 55% in the same period.",
        "timestamp": "07:05",
        "importance": "high"
      },
      {
        "point": "The threat of five-figure gold prices by 2030 is expected due to the Western world and US debt crises.",
        "timestamp": "07:28",
        "importance": "high"
      },
      {
        "point": "The gold-to-silver ratio is expected to roll over into 2027, signaling a powerful rally in silver and strong overall precious metals sentiment.",
        "timestamp": "08:39",
        "importance": "medium"
      },
      {
        "point": "India is hinting at import duty cuts on gold and silver, which could make them cheaper and potentially reignite demand during their festival and wedding seasons.",
        "timestamp": "09:04",
        "importance": "medium"
      },
      {
        "point": "India's forex reserves recently hit an all-time high of $729.3 billion, partly due to low precious metal imports caused by recent tax hikes.",
        "timestamp": "09:12",
        "importance": "low"
      },
      {
        "point": "David McAlvany states that the idea of the Fed raising rates considerably is misguided, as it would severely strain the Treasury by increasing interest payments, making the current unsustainable situation even worse.",
        "timestamp": "09:31",
        "importance": "high"
      },
      {
        "point": "McAlvany expects gold to retest its January highs by late 2026 or Q1 2027, with a target of $6,875 by late 2027, driven by fiscal strain, inflation, and rising bond yields pushing capital into gold.",
        "timestamp": "10:35",
        "importance": "high"
      },
      {
        "point": "The speaker (James Anderson) is consistently buying bullion at current low prices ($55-70/oz for silver), anticipating a future 'crazy mania' where silver could reach $400/oz or higher.",
        "timestamp": "13:51",
        "importance": "high"
      }
    ],
    "trade_ideas": [],
    "price_levels": [
      {
        "note": "intraday",
        "value": "4561.56",
        "instrument": "Spot Gold",
        "level_type": "other"
      },
      {
        "note": "end of week",
        "value": "4456.77",
        "instrument": "Spot Gold",
        "level_type": "other"
      },
      {
        "note": "1 year ago",
        "value": "3300",
        "instrument": "Spot Gold",
        "level_type": "other"
      },
      {
        "note": "end of week",
        "value": "66.22",
        "instrument": "Spot Silver",
        "level_type": "other"
      },
      {
        "note": "1 year ago",
        "value": "30s",
        "instrument": "Spot Silver",
        "level_type": "other"
      },
      {
        "note": "1 year ago, about to break into",
        "value": "40s",
        "instrument": "Spot Silver",
        "level_type": "other"
      },
      {
        "note": "current lows, buying at",
        "value": "55-70",
        "instrument": "Spot Silver",
        "level_type": "other"
      },
      {
        "note": "US Treasury intervention level",
        "value": "160",
        "instrument": "USD/JPY",
        "level_type": "other"
      },
      {
        "note": "by late 2027, David McAlvany's estimate",
        "value": "6875",
        "instrument": "Gold",
        "level_type": "target"
      },
      {
        "note": "over next 3 years, David McAlvany's estimate based on 40:1 G/S ratio",
        "value": "200",
        "instrument": "Silver",
        "level_type": "target"
      },
      {
        "note": "New York Overnight Silver Index projection",
        "value": "411",
        "instrument": "Silver",
        "level_type": "target"
      }
    ],
    "time_horizon": "long_term",
    "matches_filter": true,
    "data_references": [
      {
        "value": "Kevin Warsh's speech",
        "metric": "Jackson Hole symposium",
        "period": "August 2026",
        "source": "Federal Reserve"
      },
      {
        "value": "USD/JPY",
        "metric": "Intervention",
        "period": "start of month",
        "source": "US Treasury"
      },
      {
        "value": "reduced from 29 billion euros to 4.6 billion euros (84% reduction)",
        "metric": "US Treasuries holdings",
        "period": "end of 2024 to end of March",
        "source": "ABP (Dutch retirement fund)"
      },
      {
        "value": "doubled",
        "metric": "Gold holdings",
        "source": "Fidelity International"
      },
      {
        "value": "removed 5% cap since August 1",
        "metric": "Cap on physical precious metals holdings",
        "source": "Monetary Authority of Singapore (MAS)"
      },
      {
        "value": "reduce bond holdings, 15% in gold",
        "metric": "Investment advice",
        "period": "22/8/2026",
        "source": "Ray Dalio"
      },
      {
        "value": "increasing",
        "metric": "Gold-backed ETF holdings",
        "source": "LSEG, Redward Associates"
      },
      {
        "value": "heavy import volumes",
        "metric": "Chinese Gold Imports",
        "period": "through July",
        "source": "Chinese Customs"
      },
      {
        "value": "fell as much as 2% due to India import duty cut hints",
        "metric": "Gold and silver exchange-traded funds (ETFs)",
        "period": "Thursday",
        "source": "Bloomberg AI"
      },
      {
        "value": "hit all-time high of $729.3 billion",
        "metric": "India's forex reserves",
        "source": "The Print"
      },
      {
        "value": "5.1889% (+5.48%)",
        "metric": "US Govt 30yr Bond Yield",
        "period": "1 Year",
        "source": "Bloomberg"
      },
      {
        "value": "411.42",
        "metric": "New York Overnight Silver Index",
        "source": "World Gold Charts"
      }
    ],
    "match_reasoning": "The video substantively discusses the requested topics of commodities and futures, specifically focusing on gold and silver markets, central bank policies, and economic outlook."
  },
  "video_id": "4KJ9SYQ_t6c",
  "video_url": "https://www.youtube.com/watch?v=4KJ9SYQ_t6c",
  "transcript": "The Fiat Federal Reserve and friends held their annual Jackson Hole symposium this week. And rather than any courses of action coming out of the meeting, as in the 2019 go direct currency creation blueprint, a half year ahead of the 2020 COVID takeover the world. Well, this week, it was an algorithmic price sell-off job owning by Kevin Warsh and a bunch of tough talking meaningless lines, which mean next to nothing when bond and financial markets start earthquaking yet again. In the first few minutes of his speech, new Fed chair Warsh talked about hikes. Like literally walking around Jackson Hole with past Fiat Fed heads. An obvious tell he was setting off the algo trading bots with the keyword hikes and hike to assure his speech would be perceived hawkish. As I've learned years ago, you can take two different kinds of hikes on the trails around Jackson Hole. I can sum up my hikes with former Vice Chairman Don Cohn with two words. I survived. These steely marathon death marches revealed a sign of Don that that I wasn't ready for. But there's another kind of hike. This one was with former Chairman Ben Bernanke, another dear old colleague. With Ben, it was a much more leisurely pace, an easy stroll along the wandering trails of the Rockefeller Preserve. And so for the short term, that is what we got. Typical hawkish algo bot selling and perceived risk assets. Spot gold sold off, the Fiat US dollar popped, and thus the Fiat Yen weekend, well above the US Treasury's intervention to start this month. The 30-year bond took a little time and then it saw through the charade quick. The idea that 2% is the Fiat Fed's hard inflation target is a joke. We have to have higher inflation long-term, while also pinning bond holders to accept real losses on their bare market bonds for years, even decades to come. The real work to be done is by the US Treasury now. They are the real show here and moving forward. The Fed is secondary. A quick reminder, one year ago at Jackson Hole, this is where we were in terms of silver and gold markets. Maybe you should read that over. Let's look back earlier this week on Monday as US Treasury head Scott Bessent spoke on threatening Iran and isolation with hyper aggressive measures, including secondary sanctions, threatening major foreign banks, which could severely fracture global markets. Let's see. Uh, you you in the front. You described this as an economic D-Day, but D-Day wasn't a threat of an invasion and the US didn't give a timeline to Germany. So, why not impose the sanctions today? Well, we we are giving everyone the opportunity to remedy bad behavior. Why would I want to blow up the global financial system? We believe that it is important to level set and give people a cure period, but they should know that that will move very quickly and that we are serious. Secondary sanctions are a very powerful tool, and we here at Treasury, uh, this is June Lang, the acting under secretary for terrorism finance, and in the terrorism finance department and in OFAC, the reason we are able to use secondary sanctions is because we do not take their use lightly. So we believe that a warning shot and a level set of expectations is appropriate, and if people do not want to meet our expectations, then we expect and they should expect that they should well leave the dollar system. Okay? Thank you all. And yet another sign that not merely foreign central banks, but also large pension funds are also losing interest in owning US debt. The EU's largest pension fund marked down its holdings of US Treasury by 84%. Fidelity International is also reportedly adding to their gold allocations and considering lifting their silly 5% limit on bullion within the fund as the Fiat US dollar declines. Surprise, no surprise. Singapore institutional investors have already repealed the antiquated 5% gold allocation, which is likely born from recent paper paradigm delusions. Ray Dalio recently made headlines from his latest LinkedIn post where he cited putting as much as 15% of investor portfolio into gold to hedge against the real risk of US debt crisis within three years. Here he was last summer talking to another billionaire about the playbook being faster than one might dare guess. How are we going to solve this problem? We're going to we're going to do it the way that we always do it and it's always done when countries essentially go broke. What they do is they uh through a combination of devaluing the currency, um printing of money. Right. There's an imbalance. You print money, devalue the currency and create an artificially low interest rate so that the person who's holding the bonds is receiving an artificially low interest rate. That's the way Japan has done it with their local and and that's the way we will do it. So, in other words, my grandchildren and great grandchildren not yet born are going to be paying off this debt in devalued dollars. More or less. It's going to happen faster than that. Faster than that. Gold secured gold ETF buyers have been increasingly buying of late. Similar story, updated Chinese import data through last month July. Heavy import volumes in the face of historically high local nominal prices regardless. Now turning back to Ray Dalio's recent interview published on LinkedIn. Probably the most eye raising fact is the following, where a nation's local gold price is more than 4x from its 1980 nominal high. Yet their silver price is barely intra era doubled. Earlier on this year only to get back to levels still nominally below their 1980 nominal high. I'm speaking of Japan of course. Well some of the biggest bag holders in Japan are those forced to hold the over indebted government's promise piles. Japan, whose 215% debt-to-GDP ratio is the highest of any advanced economy, has often served as the poster child for the argument that a country can live with consistently high debt levels without experiencing a debt crisis. Why don't you take much comfort from Japan's experience? The Japanese case exemplifies and will continue to exemplify the problem I describe, and it demonstrates my theory in practice. More specifically, because of the high level of the Japanese government's over indebtedness, Japanese bonds and debt have been losing enough to make up for a shortage of demand for Japanese debt assets at low enough interest rates to be good for the country. The BOJ printed a lot of money and bought a lot of Japanese government debt, which has led to holders of Japanese bonds having losses of 51% relative to holding US dollar debt since 2013 and losses of 76% relative to holding gold since 2013. The typical wages of a Japanese worker have fallen 55% since 2013 in common currency terms relative to the wages of an American worker. I have a whole chapter on the Japanese case in my book that explains this in depth. So billionaire Ray said US debt crisis within three years and that timeline sinks up with this clean historical gold bull market price chart projection. The threat of five-figure gold by 2030 is expected in both a Western world and US debt crisis to come. We're going to be right back to examine shorter time frames between. Hello, this is James Anderson on behalf of SD Bullion. Smash the like button if you enjoy these bullion market updates. And be sure to visit SDBullion.com/sweepstakes to enter our free silver monster box giveaway. Due to buying gold or silver, SD Bullion makes it simple with no order minimums, clear pricing, and discrete shipping. Trusted by hundreds of thousands, SDBullion.com, where America buys physical gold and silver. The silver and gold markets fell on Warsh's algo sell-off to close this week. The spot silver price closed at $66.22 an ounce bid. The spot gold price finished the week at $4,456.77 an ounce bid. The spot gold silver ratio in the week basically flat at 67. Although it did dip below the key recent resistance of 66 intra week. Industry friend Jesse Colombo had a nice spot gold silver ratio chart this week with the view that this key ratio will also be rolling over into the next year 2027. And one of the big items to keep an eye on for silver bulls is India, which has been a drag on silver since the import duty hikes basically kicked off their silver import demand earlier on the year. But we are now seeing rumors of the repeal of said precious metals import taxes in time for their festival and wedding seasons ahead. So, keep an eye out on that developing story as India's forex reserves have recently hit all-time highs thanks in large part to precious metals imports being so low due to their recent tax hikes on precious metal imports. Sharp analyst David McAlvany was on BNN Bloomberg this week speaking about not only will the silver bull run reignite, but he was also speaking about when. Have a listen. So we tend to see pressure on gold when Treasury yields are moving higher, but could these Treasury bond buybacks be what's bringing investors back in at the moment, do you think? Yeah, I think certainly there's an unsustainable aspect to buying down the rate and, you know, as Stanley Druckenmiller made very clear in his Wall Street Journal editorial, uh, this is a wrong move. You you can't do this, you're playing with fire. Um, so I think the idea that the Fed can raise rates considerably here, um, is is misguided. In part because one of the biggest issues that they face is cranking up the interest component for the Treasury. We've got one in five dollars in in terms of tax revenue that's going to the interest component and the average the average yield on on interest is about 3.4%. Well below what the yield curve is even in the short end of the curve. Uh, so to raise rates at this point is is to really put the screws to the Treasury and and make something that is unsustainable even more so. And you know, Druckenmiller made clear, you got to deal with the primary deficit. What you're doing is not a solution, it's a bandaid on a bullet hole. You expect gold to retest its January highs late this year or in the first quarter of 2027 with a target of $6,875. Do you still get there if the Fed turns more hawkish and the Iran war continues? I I think you do because you're at a different place. Ordinarily, you would assume that looking at the Summers-Barsky thesis, higher rates mean that you've got an issue, um, with with uh sort of the grass being greener in the fixed income markets. Uh, but I think there's a growing concern about the sustainability of our deficits and I think that's going to that's going to shift the the sentiment in the bond market in favor gold. Uh, technically we've had a 25-week, 26% peak-to-trough correction. Cyclical corrections, if you go back to 2027, range from 17% to 29%. We're right in the range of having uh moved sufficiently lower. Fed or feed at 4,000 and I think we could retest those highs as we head towards the end of the year, uh perhaps first quarter of 2027. But our 6780 our 6875 number would be sort of a a year-end 2027 estimate. Uh and you are using a gold silver ratio of 40 to 1 to get to your $200 silver target over the next three years. That's compared to roughly 67 to 1 today. So from a fundamental standpoint, what do you think actually needs to happen for that ratio to compress that much? Yeah, certainly you're seeing some thrifting on the silver side and photovoltaics are are at risk in that regard. So you're going to have to have a significant move of investor interest. I think we had for the first time in in a generation the attention paid to the silver move last year, 165%. Definitely moved too far too fast. We've done some serious technical damage in this correction off of 120. Uh so more repair needs to be done there. Uh but I think that as gold leads in this in this move higher, uh silver will ultimately follow. Investors will be priced out of the gold market and we've seen that kind of demand dynamic in India where traditionally as you come into the Indian wedding season, gold is preferred. 2025 had a different story to tell and I think we'll can see it we'll continue to see that going forward with a broader global investor base looking at silver as an alternative play to gold. I'm still buying bullion. Earlier today, I was on the Silver Trade YouTube channel. The full link to that 30-minute interview is in the show notes below. But again, when I want to just understand the thesis, I go back to why I bought this stuff in the first place, nothing's changed. It's gotten worse. Um, you know, in terms of the data, I look at what's happening and I I know the data in terms of the East versus West price data feeds and I I just know that this will probably be the fifth time that they rejoin uh and and that price is calling for $411 right now an ounce silver. And three of the four times they've rejoined since 1970, um, it's also rejoined and it kept going up. So it it totally gives me the idea that not only we're probably going to 400, we're probably going higher in some crazy mania at some point. Whether that happens, you know, 2030s, I don't know what year, um, but I think that's probably where we're going. It'll be a wild ride and you're going to have a lot of uh just like from January to, you know, the depression when it got down to 55, the feeling that, you know, oh man, I should have sold some and all that kind of nonsense that you do in your head as an investor. And whereas you look at it and you're like, well, 55 is still a good price, you know, and so I I've been consistently, you know, buying bullion at these lows and uh thinking, yeah, I'm going to keep putting ounces away because ultimately 55, $70 silver, you're going to look back and be thankful that you did. That's that's basically how I'm doing it. To celebrate SD Bullion's sixth Inc 5000 honor, we have gold grams, bars and silver coins, rounds and 10 ounce bars at spot this weekend while supplies last. Check out SDBullion.com/deals page this weekend to get yours. That's going to be all for this week's bullion market update. As always to you out there, take good care of yourselves and those you love. If you enjoyed this video, hit the like button and share it with those you love. Subscribe to our channel and hit that alert button so you know when we publish new bullion market updates. Analysis and discussion provided by SD Bullion, Inc. at SDBullion.com and related media platforms is for education and entertainment purposes only. It's not recommended for trading purposes nor is any of this content financial advice. Employees and contributing authors to SD Bullion are not investment advisers and information obtained here should not be taken as professional investment consulting. The commentary on SDBullion.com reflects the opinions of respective authors and not that of SD Bullion, Inc. Your own due diligence is recommended before buying or selling any investments, securities, and or precious metals.",
  "description": "SUBSCRIBE to Our Channel: https://www.youtube.com/c/sdbullion?sub_confirmation=1\nWin a Monster Box of Silver. Enter here: https://SDBullion.com/sweepstakes\nThe fiat Federal Reserve and friends held their annual Jackson Hole Symposium ending this trading week.\n\nThis week, it was algorithmic price selloff jawboning by Kevin Warsh and a bunch of tough-talking, meaningless lines that mean next to nothing when bond and financial markets start earthquaking again.\n\nIn the first few minutes of his speech, new Fed chair Warsh talked about hikes, like literally walking around Jackson Hole with past fiat Fed heads. An obvious tell: he was triggering the algo trading bots with the keywords 'hikes' and 'hike' to ensure his speech would be perceived as hawkish.\n\nAnd for the short term, that is what he got. Typical hawkish algo bot selling in perceived risk assets. Spot gold, the fiat USD popped, and thus the fiat yen weakened well above the US Treasury intervention to start this month; the 30 yr bond took little time to see the canard.\n\nThe silver and gold markets fell on Warsh algo selloff to close this week.\n\nThe spot silver price closed at $66.22 oz bid.\n\nThe spot gold price finished the week at $4456 oz bid.\n\nThe spot gold-silver ratio ended the week basically flat at 67.\n\nI am still buying bullion.\n\nEarlier today, I was on the SilverTrade YouTube channel. The full link to that 30-minute interview is in the show notes below.\n\nTo celebrate SD Bullion's 6th Inc. 5000 Honor, we have gold grams, bars, and silver coins and rounds, as well as 10 oz bars, at spot this weekend while supplies last.\n\nCheck out SDBullion's deals page for the weekend deals.\n\nThat is going to be all for this week's Bullion Market Update.\n\nAs always, to you out there.\n\nTake great care of yourselves, and those you love.\n——————————————————————————————————————\nCITED FOOTAGE\n——————————————————————————————————————\n$411 Silver!?! James Anderson Explains Why Silver Will Be a WILD RIDE!\nhttps://www.youtube.com/watch?v=a7iA-5muX1U\n\nWill the silver bull run reignite?\nhttps://www.youtube.com/watch?v=iHmIf1ScrtU\n\nJackson, WY drone footage\nhttps://youtu.be/Xv9P_34Cqp8?si=AttaQ-tSsY8eWw2A\n——————————————————————————————————————\nRoyalty-Free Music provided by\n——————————————————————————————————————\nMusic: Forbidden Planet by Mehul Choudhary   / mehulchoudhary  \nLicense: Creative Commons — Attribution 3.0 Unported — CC BY 3.0\nFree Download / Stream: https://links.al/TaZ\nMusic promoted by Audio Library: https://links.al/youtube\nhttps://www.youtube.com/watch?v=2RDs6raOdBQ\n\nMusic: Triumph Of Victory by ArtMyLife   / user-487613713  \nLicense: Creative Commons — Attribution-NonCommercial-ShareAlike 3.0 Unported  \nFree Download / Stream: https://links.al/pUL\nMusic promoted by Audio Library: https://links.al/youtube\nhttps://www.youtube.com/watch?v=7LpxL5USmlU\n——————————————————————————————————————",
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  "published_at": "2026-08-29T01:35:06Z",
  "thumbnail_url": "https://i1.ytimg.com/vi/4KJ9SYQ_t6c/hqdefault.jpg",
  "reporting_date": "2026-08-29",
  "analysis_source": "gemini-2.5-flash",
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