
The Bubble Bubble Report is a best-selling newsletter with over 25,000 subscribers, specializing in precious metals and major global economic risks including credit and asset bubbles.
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Technical and macro analysis of precious metals and mining equities, published as weekend reports plus midweek updates. Recurring subjects include gold and silver price action, mining stocks, fiscal and monetary conditions including yield curve control, agricultural commodities, and the wider commodities cycle.
Recent examples: A Better Way to View the Precious Metals Correction · A Precious Metals & Miners Update
Written from The Bubble Bubble Report’s own published post titles and openings in Sep 11, 2026. It describes the subjects the newsletter covers, not its views, and is not investment advice.
25K on Sep 10, 2026 → 26K on Oct 21, 2026
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Most-reacted post we have seen: How Yield Curve Control Will Send Precious Metals Soaring — 240 reactions on Sep 6, 2026.
Over the past couple of weeks, I’ve been writing a series of reports (click here to read Part 1 and Part 2 ) debunking the growing chorus of commentators claiming that precious metals experienced a bubble in late 2025 and early 2026 that has now burst, setting the stage for a repeat of the prolonged bear markets that followed the historic peaks of 1980 and 2011 , with years of declining prices ahead. I now want to extend that argument to gold and silver mining stocks. Even if you don’t invest in miners, follow them, or care about them and instead invest exclusively in bullion, this analysis…
Ever since precious metals began correcting in January 2026, following two explosive bullish years in 2024 and 2025, there has been a growing chorus of pessimists claiming that gold and silver had been in a bubble that has now burst and that they face at least a decade of sharply declining prices, repeating what followed their historic peaks in 1980 and 2011 . Even several prominent analysts who were previously bullish on precious metals have now changed their tune and joined the bearish camp. That camp is largely populated by those who lack a strong understanding of or conviction in the…
It’s time for a weekend precious metals update following another challenging week for the sector. Precious metals came under pressure as risk aversion intensified ahead of the Federal Reserve’s interest rate decision on October 28, the November 3 U.S. midterm elections, and growing signs of another U.S. escalation against Iran, which sent energy prices higher once again. As the U.S.-Iran war approaches its ninth month with no signs of letting up, there are now growing indications that the United States and Israel are preparing to strike Iran again in the coming weeks, most likely after the…
If you ask the average investor what they think about silver right now, most will probably tell you that it’s over or that it’s dead money. Meanwhile, many of these same investors only took notice of silver in January 2026, when it was going parabolic. They piled in near the very top, just weeks or even days before silver peaked at $121, only to lose interest when it corrected, as all overheated assets eventually do. Then they simply moved on to what they believe is the latest and greatest hot asset, whether it’s an overvalued and overhyped AI stock, a new cryptocurrency, or whatever else the…
It’s time for a weekend precious metals and miners update. After initially selling off following Wednesday’s hotter-than-expected U.S. September Consumer Price Index (CPI) report and then Thursday’s hotter-than-expected September Producer Price Index (PPI) report, precious metals managed to hold their own and stage a rebound toward the end of the week, a welcome sign of resilience. On Wednesday, the September U.S. Consumer Price Index (CPI) report showed inflation coming in at 3.7%, hotter than the 3.6% expected and accelerating from 3.4% in August, with the main contributor being surging…
Since the precious metals correction began in January 2026 , a growing number of investors and commentators have concluded that the January peak marked the final mania and top of the 2020s precious metals bull market, much like the peaks of 1980 and 2011 . They believe the bull market is now officially over and that precious metals face at least a decade-long bear market. However, I have been one of the few voices adamantly arguing otherwise : this correction is merely a pause after two strong years, the bull market remains very much alive, and it still has many years left to run, ultimately…
It’s time for a midweek precious metals update after the precious metals complex bore the brunt of today’s hotter-than-expected U.S. Consumer Price Index (CPI) report. Spot gold fell $56 per ounce, or 1.35%, to $4,104.79, while silver was hit even harder, falling $3.54 per ounce, or nearly 6%, to $55.64. Platinum fell 3.73%, palladium declined 2.87%, and the Philadelphia Gold and Silver Index of miners fell 4.64%. This morning, the September U.S. Consumer Price Index (CPI) report showed inflation coming in at 3.7%, hotter than the 3.6% expected and accelerating from 3.4% in August. The main…
It’s time for a weekend precious metals update, and this time we are seeing signs that the precious metals complex is attempting to form a bottom and hopefully rebound from there. U.S. Treasury yields, the U.S. Dollar Index, and two important U.S. inflation reports in the coming week, the Consumer Price Index (CPI) and Producer Price Index (PPI), will serve as major potential catalysts for precious metals and the broader financial markets. In my past couple of updates, I’ve paid close attention to the U.S. 10-Year Treasury Note yield, which has been surging recently and spooking the financial…
In nearly all of my precious metals and commodities analyses, such as this one , I place a heavy emphasis on monitoring the U.S. dollar because it is one of the strongest drivers of their price movements, often even surpassing underlying fundamentals such as supply and demand, much to many people’s surprise. The U.S. dollar has such a powerful influence on commodities because it is the world’s primary reserve currency and the currency in which commodities and precious metals are globally priced. This creates an inverse relationship in which a strengthening dollar typically puts downward…
It’s time for a midweek precious metals and miners update. As was the case in my weekend update , we remain in a market regime of sinking bond prices, soaring bond yields, and a strengthening dollar, which continues to exert downward pressure on non-energy commodities, including precious metals ( read my report to learn more about this dynamic). However, there are increasing signs that this trend has become a crowded trade and is growing long in the tooth, at least in the short term. The benchmark 10-year U.S. Treasury yield has been on a tear over the past month, blasting right through the…
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