Bullion Price discovery: Goodbye London, New York & Zurich,

Source: The Market Sniper | Date: December 03, 2025

Key Takeaways

JP Morgan secretly relocated its entire gold trading desk from New York to Singapore with no press release, signaling a major shift in precious metals price discovery from West to East
Silver reached a 45-year high, breaking through key resistance levels, while gold-silver ratio is breaking down significantly after 3 years in a trading range
Repo market stress at highest levels since 2020 crisis (banks using $26B in Fed's standing repo facility), indicating underlying banking sector strain
Japanese government bond yields surging toward 6-7% targets, threatening the global carry trade system that has funded markets for decades
Western financial hegemony collapsing as ultra-high net worth clients move money out of US, with precious metals price discovery shifting to Asia

Silver targeting $60 in near term, with potential for much higher levels
Gold expected to significantly outperform S&P 500 in coming years
Japanese 30-year bonds targeting 6.27-6.59%, 40-year bonds targeting 6.86-7.39%
USD/JPY upside target of 172 level
Bitcoin/Gold ratio expected to fall to single digits, warning of major Bitcoin decline

Gold: Strong uptrend, Gold/Swiss Franc targeting 3,644 franks
Silver: At 45-year highs around $58, targeting $60+
Hecla Mining (HL): Targeting $85-86 from current ~$17 levels
First Majestic Silver (AG): Targeting $75 then $145 from current ~$15 levels
Japanese Government Bonds: 30-year and 40-year yields expected to surge dramatically
Bitcoin: Warning of major decline vs gold, calling it "NSA token"

"Bullion prices are set in the east, my friends. Singapore is the acceptable face of China."
"You are now in unheralded territory for silver as it is now all-time high for the first time since 1980 in truth... You're at a 45 year new high."

Auto-generated summary.