Michael Jeter

A Follow-Up on the COMEX–Physical Divergence By Integritas Macro Intelligence The recent collapse in Western paper prices for gold and silver has understandably unsettled many investors. A one-day move of that magnitude invites fear, second-guessing, and the familiar question: “What if this is the start of something worse?” But history — and market mechanics — suggest a different interpretation. What we are witnessing is not the failure of the precious metals thesis. It is the purging of...

By Integritas Macro Intelligence For decades, investors were taught to believe that the price of gold and silver was whatever the screen said it was. If COMEX said gold was $4,600, that was the price.If COMEX said silver was $76, that was the price. That assumption is now breaking — not philosophically, but operationally . What we are witnessing today is not volatility. It is a structural re-ranking of price discovery , where physical markets — particularly in Asia — are reclaiming authority...

Why Physical Markets Are Reasserting Reality Over Paper Pricing — and What It Means for Capital Preservation An Analytical Paper for Investors Seeking Truth Beyond Headlines Michael Jeter Integritas Investment Partners | US Integritas International Tax & Corporate Services | UAE Executive Summary Recent price action in the global silver market has revealed a structural fault line that has existed for decades but is now impossible to ignore: the divergence between paper-based price discovery...