Alasdair Macleod: Monetary metals in the eye of the storm

By Alasdair Macleod GoldMoney, Toronto Friday, April 24, 2026 An uneasy silence has descended on gold and silver, but the forces that will drive them higher are mounting. Both metals are being rapidly drained from paper markets. The monthly cycle of Comex contract expiry has come round again, an incentive for the shorts to mark prices down to make call options expire worthless, shake out weak holders, and have a favorable end-month valuation for their positions. ... Dispatch continues below ... ... ADVERTISEMENT ... Guanajuato Silver Is Reactivating Silver and Gold Mines in Mexico Guanajuato Silver is a precious metals producer reactivating past-producing silver and gold mines in central Mexico. The company produces silver and gold concentrates from the El Cubo Mines Complex, Valenciana Mines Complex, and the San Ignacio mine. All three mines are located within the state of Guanajuato, which has a 480-year mining history. Additionally, the company produces silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango state.  With four operating mines and three processing facilities, Guanajuato Silver is one of the fastest growing silver producers in Mexico. For more information, please visit: http://www.gsilver.com/ This morning in Europe gold was $4,690, down $145 from last Friday's close and silver at $74.85 was down $5.90. Comex volumes for this month in gold have been very low, while there was better volume in silver. Comex gold probably reflects speculators having difficulty assessing the impact and consequences of the Gulf war. ... ... For the remainder of the analysis: https://www.goldmoney.com/research/pms-in-the-eye-of-the-storm * * * Support GATA by purchasing Stuart Englert's "Rigged" "Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon: https://www.amazon.com/Rigged-Exposing-Largest-Financial%20-History/dp/1651405204/ref=sr_1_fkmr1_2?keywords=rugged+stuart+englert&qid=1579708888&sr=8-2-fkmr1 * * * Help keep GATA going: GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: http://www.gata.org To contribute to GATA, please visit: http://www.gata.org/node/16 Donations of $500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work: https://www.gata.org/sites/default/files/GATA-silver-round-front.png