👷‍♀️ Greetings Contrarian!

This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and play a game of pool. 🎱

📝 Here are the highlights

🧐 Gold On Edge

😉 Silver Under Pressure

🐦 Funded, Focused, and Drilling

📌 Daily Commodity Prices

🧐 Gold On Edge

Gold prices were largely flat today as investors remained cautious ahead of the key US non-farm payrolls report, with a stronger dollar capping gains despite ongoing geopolitical tensions supporting the metal.

Spot gold edged slightly lower to around $4,472 per ounce, but was still on track for a weekly gain of over 3 percent after hitting a record high in late December.

Market participants held back from major positions as they awaited US employment data, while a firmer dollar made gold more expensive for non-US buyers. Meanwhile, escalating geopolitical risks, including Russia’s reported use of a hypersonic missile in Ukraine, helped limit downside pressure.

Other precious metals advanced, with silver, platinum and palladium all posting solid weekly gains, supported by supply concerns and improved market dynamics, according to BofA Global Research.

😉 Silver Under Pressure

Silver is facing its first major test of 2026 as commodity index rebalancing triggers heavy forced selling following last year’s dramatic price surge.

Funds tracking major indices are expected to sell roughly $6.1 billion of silver and $5.6 billion of gold during the January 8–15 rebalancing window, putting short-term pressure on prices after gold rose over 60 percent and silver more than 160 percent in 2025.

While prices have already eased modestly, analysts note that similar selling last year was met by strong buying, suggesting potential dip-buying opportunities.

Silver is expected to see the heaviest impact, with sales equivalent to about 10 percent of open Comex derivatives, while attention has also turned to cocoa, where index-driven buying could significantly lift prices following its re-inclusion in benchmark indices.

📰 In Other News

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Happy Speculating!

The Editor

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