Thanks, David. I am certainly not a trader in silver, but I noticed at about 10:00 AM EST yesterday (Monday) that the (presumably Comex) price of silver was down over 3% and stayed down for the rest of the day as graphed on:
It looked to me like a serious and combined attack by the short bullion banks. But how does this tie in with this article above regarding a future premium increase? Thanks.
All our 👀s are on you David. And I for one am very grateful for all the hard work you do. I'm not a trader either but I just find it all fascinating that Britain with its "holier than thou" facade can be at the heart of such a fraudulent carry on. Someone's dream has just turned into an absolute nightmare. When's the next Friday 13th😬
David are the banks still shorting silver under $32.50 to make a large profit. We looked headed for $40 around November 2024 and then Bitcoin was pumped up and the money flew into it probably with the backing and support of BlackRock and Trump to support his crypto donors.
So in other words we have a physical silver supply issue but the major banks and investors also have the shorts with sub $32.50 silver prices as a major risk??
With the scale of shorts (total open contracts) in London between 4B and 6B oz., whoever or whomever is involved are going to try to defend that so are forced to try and hold or slow the price rise. Problem is the physical shortage is not going to wait for those who have sold into that market having built and held that position over, it appears, decades.
Are there any lessons that can be taken from SVB's recent failure in terms of what there risk management strategy may be or what government may do in response to any future silver crisis.
SVB was the largest bailout in history, it was bigger than the 2008 crisis with a bailout of around $170 billion for depositors and owing $74 billion in loans and $120 billion in securities. Basically it bailed out the entire tech and crypto sectors, the insiders at SVB knew it would collapse with the CEO and CFO dumping a huge volume of shares before the collapse.
SVB had no risk management strategy and surely this has come up with the position the banks, BlackRock, are now in with physical silver and the risk for contagion across multiple sectors and government.
A similar scenario is now playing out like what happened with SVB when deposits began to flee bank when news got out and this is now happening with the silver vaults been emptied.
We saw the wealthy, banks and tech entrepreneurs get bailed out with SVB, 93% of depositors had over $250k in accounts, this was no mum and dad bank, this was for the rich and powerful.
They again used the tax payers money to bail them out through the ESF and FDIC insurance.
What do you think we could see with the silver shortage??
Is it potential bail in rather than bail out?? I just can't see liquidity working now and they said only selective banks meaning the big will get bailed out..
If you have hundreds of different contract purchasers with specific performance rights to demand physical delivery, some of the world's biggest financial institutions alleged to be involved in malfeasance, the BoE and BIS coordinating fraud for decades - there is a lot there.
Meanwhile as it develops, the global silver and gold market market unwinds with physical liquidity essentially going to zero in London and NY for a period of time.
In total, we are talking scale of trillions and you can't print metal to cover for the perps.
Thanks David, It will be interesting to see how it all plays out. These financial institutions are extremely dangerous especially when wounded, they are willing to do anything including breaking any law to save themselves and enrich themselves at the expense of the people. I hope we see justice.
I remember when this take downs used to last for weeks and the price would linger forever.
Today it takes a lot of money to raid the silver market and it gets back up right away.
The BRICS countries always stand for delivering.
We are getting closer and closer every day to the truth of real market price discovery.
Hang on tight, don’t despair, even with the manipulation the price is moving forward
I’m all enough to remember silver oz a $1.20
I’m not planning to die before is at least $120 an OZ
Thanks, David. I am certainly not a trader in silver, but I noticed at about 10:00 AM EST yesterday (Monday) that the (presumably Comex) price of silver was down over 3% and stayed down for the rest of the day as graphed on:
https://www.cnbc.com/quotes/@SI.1
It looked to me like a serious and combined attack by the short bullion banks. But how does this tie in with this article above regarding a future premium increase? Thanks.
Let's see how this develops. It has been a long time building and the fundamentals are ingrained in the market.
All our 👀s are on you David. And I for one am very grateful for all the hard work you do. I'm not a trader either but I just find it all fascinating that Britain with its "holier than thou" facade can be at the heart of such a fraudulent carry on. Someone's dream has just turned into an absolute nightmare. When's the next Friday 13th😬
The quote comes to mind:
"Methinks thou dost protest too much."
Wait until the statement of mortal shock and then the blame game.
Yes, and how will the Comex and LBMA change their "rules" when she blows...
Again - silver spot contracts in London are party-to-party private contracts.
The LBMA is a trade association and not an exchange.
The LBMA cannot change terms of private contracts.
Thanks David. Oops. :) Still applies to Comex though I believe.
David are the banks still shorting silver under $32.50 to make a large profit. We looked headed for $40 around November 2024 and then Bitcoin was pumped up and the money flew into it probably with the backing and support of BlackRock and Trump to support his crypto donors.
So in other words we have a physical silver supply issue but the major banks and investors also have the shorts with sub $32.50 silver prices as a major risk??
With the scale of shorts (total open contracts) in London between 4B and 6B oz., whoever or whomever is involved are going to try to defend that so are forced to try and hold or slow the price rise. Problem is the physical shortage is not going to wait for those who have sold into that market having built and held that position over, it appears, decades.
Are there any lessons that can be taken from SVB's recent failure in terms of what there risk management strategy may be or what government may do in response to any future silver crisis.
SVB was the largest bailout in history, it was bigger than the 2008 crisis with a bailout of around $170 billion for depositors and owing $74 billion in loans and $120 billion in securities. Basically it bailed out the entire tech and crypto sectors, the insiders at SVB knew it would collapse with the CEO and CFO dumping a huge volume of shares before the collapse.
SVB had no risk management strategy and surely this has come up with the position the banks, BlackRock, are now in with physical silver and the risk for contagion across multiple sectors and government.
A similar scenario is now playing out like what happened with SVB when deposits began to flee bank when news got out and this is now happening with the silver vaults been emptied.
We saw the wealthy, banks and tech entrepreneurs get bailed out with SVB, 93% of depositors had over $250k in accounts, this was no mum and dad bank, this was for the rich and powerful.
They again used the tax payers money to bail them out through the ESF and FDIC insurance.
What do you think we could see with the silver shortage??
Is it potential bail in rather than bail out?? I just can't see liquidity working now and they said only selective banks meaning the big will get bailed out..
What are there options??
The challenge here Oz is manifold.
If you have hundreds of different contract purchasers with specific performance rights to demand physical delivery, some of the world's biggest financial institutions alleged to be involved in malfeasance, the BoE and BIS coordinating fraud for decades - there is a lot there.
Meanwhile as it develops, the global silver and gold market market unwinds with physical liquidity essentially going to zero in London and NY for a period of time.
In total, we are talking scale of trillions and you can't print metal to cover for the perps.
Thanks David, It will be interesting to see how it all plays out. These financial institutions are extremely dangerous especially when wounded, they are willing to do anything including breaking any law to save themselves and enrich themselves at the expense of the people. I hope we see justice.
Tough to stop icebergs from rolling-over. ;]
I’m wondering if it’s a matter of months or a matter of weeks before silver breaks out. We seem to be past the it’s-a-matter-of-years stage.
Can’t be a whole lot of stacking time left.
Nobody knows.
There is building market stress.