Well David: I have to say that this does not "compute"? If short interest is unusually high and the Lease Rate has fallen back, that would have to suggest some sort of Trap has been set for the Shorts???? I've noticed a similar discrepancy with the Margin and Maintenance deposits for gold on the Comex (2.5% is unusual for a 'Commodity' whose price is hitting historical highs?) Therefore, there must be a lot of 'Higher Price Expectation".
I don't have enough information. On the surface it looks like a Short Squeeze. Nut, there is a lot of money and metals being put at risk here? People with that sort of money and influence tend to only bet in rigged games. Is there a "Default" in the works?
Not sure David. It seems as though the logical fact pattern points to the ever-imminent collapse of the promissory note trading system. Then the market unwinds and delays that endpoint each time. Each cliff is avoided, like magic. There must be an offramp/pressure release that we can’t see. Reminds me of the casino machine where you can feed it a coin - to hopefully have your coin push many more coins over the edge (and into your winnings). But this machine never seems to operate as my two eyes indicate that it should. It’s because there is a hidden release off-ramp for some coins. See link. Is there something like that happening in the AG market? Love your work. But it’s worth considering that there’s more than we’re seeing in the reported data. https://easy.vegas/games/flipit
Now that we are apparently in the 5th year of silver production deficits vs demand, the silver must be coming from somewhere. Amazingly, unlike other commodities, silver prices never seem to react to reported demand/supply tightness. So where is the physical coming from? And yes, I realize futures contracts can be used to suppress prices, but not if we were in a supply deficit. If we really are in a deficit, shouldn't we be seeing backwardation?
Ted Butler always talked about the hoard JP Morgan was sitting on - 500 million oz. or so, in his estimate. I expect that's been one of the sources. And then there is SLV - 455 million oz., as our author has noted. What's the odds that the bullion banks are draining it to meet demand? I wouldn't put it past them. After all, they are cogs in the organized crime syndicate, generally referred to as the Global Banking Cartel, and they lie about everything and regularly break the laws with impunity.
Nevertheless, the only thing that will bail their asses out, is a collapse in silver demand - maybe. If silver is once again made market money though, they're toast.
I heard Andy Schectman talk about Trump doing the 50 yr bond back by gold next July...America's 250th B-day. I wonder where that will put the gold price? And if that will break the LBMA?
Well David: I have to say that this does not "compute"? If short interest is unusually high and the Lease Rate has fallen back, that would have to suggest some sort of Trap has been set for the Shorts???? I've noticed a similar discrepancy with the Margin and Maintenance deposits for gold on the Comex (2.5% is unusual for a 'Commodity' whose price is hitting historical highs?) Therefore, there must be a lot of 'Higher Price Expectation".
Bingo! Their time is running out rapidly!
"Running out"? For whom?
I don't have enough information. On the surface it looks like a Short Squeeze. Nut, there is a lot of money and metals being put at risk here? People with that sort of money and influence tend to only bet in rigged games. Is there a "Default" in the works?
I would not be Leveraged at this point!
Another "Executive Order" might be in the works?
Could be , given that this out of control comedy act seems to happliy lurch from one right royal f.ck upto the next with gay abandon
Nobody would 'Ban shorting' in a market with too little supply. The Exchanges are more than happy to see traders go broke.
I was thinking more along the lines of an 'Export ban'? More legalized theft?
Fair Comment - agree nobody ( with any brains ) could afford to be leveraged
to any extent right now .
Yes - A big fat ' Rat-Trap ' which will hopefully do for these verminous turd - bag's .
Sooner the better - bring it on .
Not sure David. It seems as though the logical fact pattern points to the ever-imminent collapse of the promissory note trading system. Then the market unwinds and delays that endpoint each time. Each cliff is avoided, like magic. There must be an offramp/pressure release that we can’t see. Reminds me of the casino machine where you can feed it a coin - to hopefully have your coin push many more coins over the edge (and into your winnings). But this machine never seems to operate as my two eyes indicate that it should. It’s because there is a hidden release off-ramp for some coins. See link. Is there something like that happening in the AG market? Love your work. But it’s worth considering that there’s more than we’re seeing in the reported data. https://easy.vegas/games/flipit
There is metal shortage now.
We will see with time how that develops as the printing continues.
I rather think that " The Printing " has actualy been going on for a while but clearly kept
off the radfar for obviouis reasons . Think that the next ' Print ' when it comes will be a
pedal to the metal event - and can't be toofar off . What say you ..??
Now that we are apparently in the 5th year of silver production deficits vs demand, the silver must be coming from somewhere. Amazingly, unlike other commodities, silver prices never seem to react to reported demand/supply tightness. So where is the physical coming from? And yes, I realize futures contracts can be used to suppress prices, but not if we were in a supply deficit. If we really are in a deficit, shouldn't we be seeing backwardation?
Ted Butler always talked about the hoard JP Morgan was sitting on - 500 million oz. or so, in his estimate. I expect that's been one of the sources. And then there is SLV - 455 million oz., as our author has noted. What's the odds that the bullion banks are draining it to meet demand? I wouldn't put it past them. After all, they are cogs in the organized crime syndicate, generally referred to as the Global Banking Cartel, and they lie about everything and regularly break the laws with impunity.
Nevertheless, the only thing that will bail their asses out, is a collapse in silver demand - maybe. If silver is once again made market money though, they're toast.
I heard Andy Schectman talk about Trump doing the 50 yr bond back by gold next July...America's 250th B-day. I wonder where that will put the gold price? And if that will break the LBMA?
Do not trust words like "backed, pegged, etc" in terms of gold.
Physical ONLY or GTFO!