When gold exploded to the upside earlier this year amid the biggest New Year's stock market panic in history, we noted that the bull market had awoken. And despite arguments to the contrary from mainstream financial pundits that gold and silver were not monetary metals and nothing but historical relics, it became apparent during the Brexit vote that precious metals were the assets of last resort during market panic. On the night of Presidential election, as it became clear that Donald Trump would become the leader of the free world, stock markets once again sold off. And just as had happened earlier this year, prices for physical gold and the companies that mine it skyrocketed in a matter of hours, this time to the tune of over $100 per ounce.

All the while, there has been an effort by a conglomeration of market players over the last six months to suppress precious metals prices, in numerous cases through the dumping of literally billions of dollars in paper gold and silver contracts.