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Mario's avatar

Keir Stalin 🤣​

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Simon Gedye's avatar

' Keir Stalin ' - Just about say's it all , perfection or what ..??

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Simon Gedye's avatar

I'd pay good money to at the front of ther line to pull the lever that releases the trap door

that sees - ' Christine ' & ' Ursula ' dangling from a rope alongside myriad other of their

criminal scum-bag cohorts . Hope I'm clear on this ..??

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Intrepid Philosopher's avatar

LMAO, U R 2 funny Sir !

But be careful! The UK thought police might come knocking.

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Simon Gedye's avatar

Good - I'll be ready & waiting

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Robert wilson's avatar

"Markets seldom resolve themselves in a day, however there is a breaking point when the fetid wall of London detritus is going to wash throughout the City of London terminating the promissory note market that has been used by the Bank of England and select bullion banks for decades to price-fix silver and gold to the detriment of humanity."

Brilliant writing, kudos sir.

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David Jensen's avatar

Many thanks Robert.

It has been a long time coming and has built up enormous pressures in the global economy by falsifying interest rates.

The break, I believe, will be very quick when it occurs.

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Simon Gedye's avatar

Completely agree - superbly put and straight to the point

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Intrepid Philosopher's avatar

Yep, that one had me chuckling too...

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Nik's avatar

Seems PSLV is the last piggy bank left. They are shorting in record amount ahead of the 15th of the month deadline to submit redemption notices. Reeks of panic and desperation. Timely retirement for HSBC’s head of precious metals!

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David Jensen's avatar

PSLV traded 52M shares today. Building interest. I think it will blow-out to a strong premium over silver at some point.

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Simon Gedye's avatar

Got to happen - perhaps we all ought to organise a sweepstake as to the time and date

this is going to come to pass .

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David Jensen's avatar

Reader consensus seems to be the event horizon is not years away:

https://jensendavid.substack.com/p/reader-poll-how-long-until-visible

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Simon Gedye's avatar

So who for heaven's sake - make up the 8% who appear to have their heads buried deep in the sand & think that's all's fine and dandy and going along swimmingly ..?? . Frontal Lobotomy's all round me thinks ..!!

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Simon Gedye's avatar

DAVID - Fantastic Post ( easilly one of your best ) - " The Fetid Wall Of London Detritus " - absoloutley fantastic & brilliantly descriptive of the situation as it boils and bubbles away

( did you actually go to Oxford ..?? ) . The disparity between the noted 5.5% lease rate and

Robert Gottleib's implied rate of 9% rather boggles the mind . Can't help but think that the lid

must just about be about to blow off of this complete shit-show and coat the financiial system

( City Especially ) with copius amounts of liquid manure . The $ 64 x Trillion Dollar question has to be - are we months or just weeks / days away from everything going to hell in a hand-cart ..??

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David Jensen's avatar

Metal shortage (lease rates and backwardation in price) tells us we are close.

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Simon Gedye's avatar

Very much thought so ( nice to have expert opinion / confirmation - thanks ) . Personally , and from the middle to latter part of last year , and what with the way everything has speeded up and broadened through to now to such a massive extent , I've had early March through to early - Mid May as the time frame within which we'll all be witnessing this whole edifice of Malfeasance come tumbling down . We'll see ..!!

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Oz HillBilly's avatar

Does this then spread to Perth Mint, South Africa, Mexico, China and South America with a rush to secure metals do you think??

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David Jensen's avatar

Visibility of the global silver shortage IMO starts with shortage/delivery issues in London (world's largest silver market) and spreads globally IMO.

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Oz HillBilly's avatar

I know the Perth Mint have never been busier my contact who works there told me this last week. Huge demand from retailers she mentioned!!

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Simon Gedye's avatar

Exactly so

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Simon Gedye's avatar

This ' Mother-F-cker ' of a shit show is ' Global ' so in real terms there's no hiding place ( country - jusisdiction wise ) as all will be taking the lift shaft down to the same basement and everybody + their Granny which ever country they may be in and if sufficiently awake will be scambling for physical metal - it's coming .

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The Lusty Servant's avatar

T. S. Eliot wrote of the objective correlative. He was referring to the object behind a metaphor. If it wasn't fully there, in the real world, the metaphor didn't work. The same principle applies here. The London promissory note precious metals market is now revealed to be a failing metaphor, which means we can see that its object is not present. Bad poetry affects everyone, even those who do not know of its existence, and In the case of this market its has undermined what we used to think of as 'reality' (my air quotes are not hostile, I am cuddling that word). For me, with my interest in poetry and the laws of nature, this is more than just interesting. Those who control what we have been led to think of as money have made us sick in many ways. The effects of this range from poverty, debt, mental ill health, demoralisation and despair, the premature deaths of individuals and, as we all witness, civilisational collapse. In my opinion David Jenson and others point to what might be the only effective and humane remedy: it is time for money markets to get physical. I hope that we are seeing the return of the objective correlative. This is akin to a god stepping from its realm into ours and unifying them. I look forward to further revelations.

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David Jensen's avatar

Thank you LS.

The BoE and City of London gold & silver market players have breached fundamental Natural Law so now comes the blow-back. It will be severe.

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Simon Gedye's avatar

Superb & fascinating - a quite brilliant analysis .

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The Lusty Servant's avatar

I have been thinking about this a lot recently.

I take a long time to write anything, articles included, but my comment on David's work will find its way into the article I am currently working on.

My Substack is free. If you subscribe you will find my work in progress in your inbox eventually, perhaps in the next week or two. Thank you for your comment.

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Simon Gedye's avatar

I'm currently on 4 - 5 x substacks and various people have told me that I ought to set up my own ( like you've said you're doing ) . Only problem is that I'm very much a Luddite come ' Techno Phobe ' and if there's anything ( however simple ) that can be ballsed up com,puter-wise m then I'll do it . This said - are you able

to suggest how I migjt be able to source some help to get myself going - may be someone you know at ' Substack ' ..?? . Any pointers will be appreciated .

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The Lusty Servant's avatar

Prepare in advance. A logo helps, or do as others do, including David Jenson, and use a little picture of yourself. Or anything. Maybe you know someone who can help you with that? Then try a sample post. The main thing is to know what your subject area is. Otherwise, nobody needs a Substack publication unless they do. I saw a need for myself (nobody reads my poetry), so started mine (they still don't). Hardly anybody even looks at my stuff, but perhaps they will. If nothing else, it helps to concentrate my thoughts. But if they don't read my anything, I don't mind. I am philosophical about the notion of audience. My position is borrowed from T.S. Eliot, as it happens. It is his cast-off, but it fits me well - at least I like to think so! I learnt Substack publishing by doing it.

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Nathan's avatar

Another really excellent and informative article. Always love reading your substacks!

As someone who has moved over 60% of my entire wealth into physical Au and Ag (50/50 split), I think long term it will beat keeping my ££ in bonds or savings accounts!

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David Jensen's avatar

Thank you Nathan - wish you well in we all head down the flume. Parachute on for the other end.

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Simon Gedye's avatar

If I were you I'd get on and shift your remaining 40% of paper & on screen assets over with the rest into Physical Metal ...without further prevarication ...like tomorrow ..!!

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Paul Repstock's avatar

"Some people always know what is going to happen in advance."??

So, what do "They" know this time?

There are only a few possibilities large enough to trigger such a large move:

a- Is there a risk of a 'Hunt Brothers' style of Rule change?

b- Is civil unrest in Britain great enough to threaten 'The City of London"?

-Don't discount this. Europe is paying blackmail to Al Jolani and the Head Choppers. Britain just paid 50 Million Pounds?

c- Is the "Rehypothication scam" scan large enough to trigger a Default?

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David Jensen's avatar

Shortage is obvious answer. Loss of faith in London is driver IMO.

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Peter Jackson's avatar

Without faith, you have nothing.

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David Jensen's avatar

The market is laughing at London.

It is over for them.

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Paul Repstock's avatar

Loss of faith is key! Without transparency, why should market participants risk their hard earned savings and investments? But, when organizations like the LBME and the LBMA are backstopped by the Bank of England, which is the 'left hand of government' the only option is to seek other trades and other venues. Many of these large traders do not have the option to remain on the sidelines of the market. Trading is the entire justification for their existence and their salaries??

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David Jensen's avatar

Lack of physical metal rules the day.

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Paul Repstock's avatar

Well; I do not have the market power to audit them or hold them accountable! And apparently, neither does anyone outside the obviously corrupt governments who often benefit from the manipulations...

So, a small amount of gold and silver will need to suffice as my hedge against disaster. The "Average gold holding per person on earth, supposedly is one oz/person. However, the "Mean" holding is between 1/10 and 1/20 of an ounce, with most households having nothing.

David; would you be interested in developing a new 'Precious metals index' with your associate Mr. Thomas? I think it is time for ordinary people get a chance to "See" the real value of metals, exclusive of a $US.D basis.

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David Jensen's avatar

Not right now - too much on my plate.

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Simon Gedye's avatar

And here's me thinking that you were continually having trouble in filling the hours tht make up your day's - perhaps not rthen .

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Simon Gedye's avatar

Nice Idea

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Simon Gedye's avatar

YES...YES...YES.. with brass knobs on ( again ) ..!!

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Simon Gedye's avatar

Think " Market Participants " and " Hard earned Savings " is somewhat wide of the mark if you're decscribing the pin striped crooks who've driven this heap as shite over the edge of the canyon

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Paul Repstock's avatar

I have a lot to say about that statement. But, suffice to say, 'I don't think you have walked that road.'

The "Casino operators" carry a lot of the blame for the state of the world, but so do the Demands of ordinary people?? Could you manage a Pension Fund in this environment?

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Simon Gedye's avatar

YES....YES....YES ....with brass knobs on ..!!

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n big's avatar

David, do you follow TRX Gold at all?

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David Jensen's avatar

Focused on gold and silver market, not miners.

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Craig Sicinski's avatar

Pink Floyd money

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