That valve has blown off. So what do I do now, take profit? Here’s my take.
QUOTH THE RAVEN 14 JAN 2026
Via An Old Piece Of Leather 16 JAN 2026
Silver is up another 6% this morning, now at $91 an ounce. Whether or not we’re seeing a short squeeze or a blow-off top at this point is moot and irrelevant. To quote the dorky guy from 10 Things I Hate About You, “the shit hath hitteth the faneth”.
As I said about a week ago on a Twitter Spaces that I did with my friend Peter Schiff, I just had the feeling that the run-up in silver and gold was not over yet. I echoed these sentiments while talking to Larry Lepard last week, where we covered all things sound money and markets.
For years, most of you have been reading my blog and watching my podcast, where I have constantly talked about the fact that there would be a “blow-off valve” once too much pressure from money printing built up inside the monetary system. In May 2023 I first memorialized this prediction in this article:
The most likely candidates to “blowoff” are precious metals, in my opinion (and maybe even bitcoin).
I often predicted that this “blow-off valve” would be the consequences of money printing showing up in the prices of gold and silver. After all, the consequences of the dirty deed of money printing have to go somewhere, and other than the precious metals, the only other place it shows up nefariously is through rising consumer prices and a lower quality of life for low- and middle-class Americans.
That valve has blown off. So what do I do now, take profit?
Here’s my (oldpieceofleather) take…
Use critical thinking and common sense. IF you do not take time to pay at least enough attention to be aware you could fall prey to the ‘ex-spurts’.
Not talking about stocks, bonds and money markets. Silver and gold.
With the frantic push for the need to lead the world in AI with a minor in space flight the critical need for precious metals will peak for at least a decade or two, possibly more.
I can’t stress how critical gold and silver are in electrical conductivity.
I’m fairly sure my earthly existence will end before the scramble for gold and silver required for the latest technological push ends.
IF you haven’t started paying attention to this issue in a way that you could take advantage of it and you have the ‘discretionary income’ or a piggy bank you’ve stashed $$ for something special…
IT’S TIME.
And that time is going fast. Hopefully if I can find the article/video I recently ran across I’ll make it the following post.
The price of silver has been hovering around $90/ounce this week.
A very critical point could very well come sooner than expected. That point for silver is $100/ounce.
I have nothing on bitcoin. No clue. I’m sticking with what I have knowledge and experience on.
Nothing Can Stop What Is Happening
anoldpieceofleather
