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SUBSCRIBE to Our Channel: [ Ссылка ] It's Jackson Hole week, and the fiat Federal Reserve has announced its next rate-cutting cycle pivot.

Fiat Fed Chairman Jerome Powell cites rising unemployment as a critical reason for kicking off this cutting cycle. This same week, the US government data-rigging Bureau of Labor and Statistics admitted they have recently overstated US job growth this year through March 2024 by nearly 1 million phoney job hires.

This is the largest job rigging number admittance since we were at the heart of the Global Financial Crisis stock market bear bottom in March 2009.

How large will the first rate cut be on September 18th? Hard to know.

What we do know is that the last two times the fiat Federal Reserve cut rates to address escalating unemployment numbers, the US economy experienced deep recessions and massive stock bear market crashes in nominal terms and in terms of valuations versus silver and gold, respectively.

Both the 2000 stock bear and the 2008 stock bear cycles were followed by massive spot price and relative valuation rallies for silver and gold.

The spot silver and gold markets traded up to close on the week's ending news of the fiat Federal Reserve's interest rate cut cycle pivot.

The spot silver price closed just under $30 oz. I wonder how long it will take China to blow through the old Rostin Behnam TAMP line again. Perhaps early next week?

The spot gold price closed the week again above $2500 oz.

The spot gold-silver ratio fell to close the week at a still-high level of 84.

Bloomberg Gold Silver Ratio Clip [ Ссылка ]

The aggregated shadow eastern price for silver since 1970 has recently ballooned to nearly $400 oz.

This is the same price chart but in logarithmic format, so we can see the black intra-COMEX silver hours starting all the way back in 1970 at $1.92 and 1/2¢ oz for silver. Remember that number; it will help explain how the silver market eventually comes back into equilibrium.

Since 1970, starting at $1.925 oz, the silver price within COMEX has dwindled to 15¢ oz over the last 54 years.

You might need to pause and listen to that again. It is the most crooked COMEX market, and that's saying something.

But there are eras when silver future long betters do, in fact, win versus the COMEX silver shorts, and this blue line runs up a wall.

It all started in 1970, at the starting line of $1.925 oz for silver intra-COMEX hours.

My contention is that when this repeating phenomenon reoccurs, it will be likely at or near the peak of the coming silver bull market mania. It will most likely be at multi-triple-digit per-ounce silver spot price points where the Eastern blue and red spot price lines converge for the fifth time, many years and multiples in price from where we are now.

That will be all for our weekly SD Bullion Market Update.

And, as always, take great care of yourselves and those you love.

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