October 18, 2025

Weekend Show – Doc & Jeff Christian – Gold & Silver Go Parabolic: Momentum vs. Macro

23 minutes

This week’s Weekend Show dives into the blistering rallies across gold and silver. First, Richard “Doc” Postma lays out why he still thinks we’re in the early innings of a secular bull despite extreme readings on the charts. Then Jeff Christian explains the mechanics behind silver’s breakout – what’s real, what’s hype, and what it means for investors as speculative flows collide with shifting macro risks.

Segment 1 & 2 – Richard Postma, a.k.a. “Doc,” a longtime technical analyst and market commentator, who shares why he believes the gold and silver bull market is still in its early innings – highlighting record highs, strong technical momentum, supply deficits, and undervalued producers – while also noting his portfolio strategy across miners and his growing interest in oil and gas opportunities.

Segment 3 and 4 – Jeff Christian, Managing Partner at CPM Group, explains that the sharp rallies in silver (back over $50) and gold (near $4,300) are being driven primarily by speculative/momentum buying amid rising political risks – rather than a “silver squeeze” – with temporary London tightness and a reversed NY-London arbitrage contributing at the margins. He adds that central-bank buying has cooled, CoT positioning isn’t extreme, refineries are backed up converting investor bars, and while prices look overheated short term, longer-term support comes from a fraught global political and economic backdrop.

Click here to visit the CPM Group website to learn more about the firm.

If you enjoy the show, be sure to subscribe to our podcast feed (KER Podcast), YouTube channel, and follow us on X for more market commentary and company interviews. Don’t forget to subscribe and leave us a review!

For more market commentary & interview summaries, subscribe to our Substacks:

The KE Report: https://kereport.substack.com/

Shad’s resource market commentary: https://excelsiorprosperity.substack.com/

Investment disclaimer:

This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests may own shares in companies mentioned.

Doc

Jeff Christian

...more