What do you think is most likely? Our central bank not rolling over it's gold loan, many long derivitive contracts taking delivery, or miners failing to deliver physical to settle their gold loans?
Delivery to a spot contract holder in London will be demanded and the contract counterparty/seller will default. Indeterminate who the defaulting party will be. Silver is the least liquid market. In the end, nobody knows.
Really excellent work picking through the tangled web of deceit and subterfuge. Thank you. Also I love the fact that the LBMA's trade paper is called the Alchemist.. turning paper into silver & gold eh..
In 1975 Lennon emerged from a New York courthouse having finally been granted his green card. Asked by the press if he bore a grudge against Nixon & company for the shoddy treatment he’d received, he smiled, and without missing a beat, in classic, sardonic, scouser-Lennon style, rejoined, “Time wounds all heels!”
They are flying the good stuff over from London to NY a few tons a day in airplanes now - because some goofy politician said something. Or not. Or maybe.
Trying to keep down the price of a commodity is one thing, trying to keep down the price of a commodity in huge and increasing industrial demand, with a supply deficit and dwindling stock is insanity.
When silver blows, it will be like a huge elastic band that has been over years stretched way beyond its design limits, then suddenly failing explosively!
Looks like Japan is going to raise rates later in the week, when they raised rates last August this caused major turbulence on global markets. The Nikkei went down 17% over 5 days last time they raised rates and bitcoin during this period fell $20k in one week alone. This market is ripe for a flash crash at anytime now i believe, which could increase demand for gold and silver.
Excellent work
Many thanks JH.
Do you think a force majure is coming soon? I hope these criminals are called on the carpet soon.
Some bullion bank is going to blow a tire and then it is on.
My guess is Bank of America
Not technically a bullion bank but their participation in the price manipulation is legendary
What do you think is most likely? Our central bank not rolling over it's gold loan, many long derivitive contracts taking delivery, or miners failing to deliver physical to settle their gold loans?
Delivery to a spot contract holder in London will be demanded and the contract counterparty/seller will default. Indeterminate who the defaulting party will be. Silver is the least liquid market. In the end, nobody knows.
Once again, The Crown hiding the ball…
Zactly.
Really excellent work picking through the tangled web of deceit and subterfuge. Thank you. Also I love the fact that the LBMA's trade paper is called the Alchemist.. turning paper into silver & gold eh..
Faking paper into gold and silver.
The City of London crowd rub it in our faces.
Thank you. Priceless irony!
Thanks David ..
thanks
Thanks, David...
In 1975 Lennon emerged from a New York courthouse having finally been granted his green card. Asked by the press if he bore a grudge against Nixon & company for the shoddy treatment he’d received, he smiled, and without missing a beat, in classic, sardonic, scouser-Lennon style, rejoined, “Time wounds all heels!”
To better times!
Great line.
I wonder if this is before or after Lennon wrote the Communist anthem Imagine.
Imagine c. 1971
They are flying the good stuff over from London to NY a few tons a day in airplanes now - because some goofy politician said something. Or not. Or maybe.
There's nothing new under the sun.
Mundus vult decipi, ergo decipiatur.
Trying to keep down the price of a commodity is one thing, trying to keep down the price of a commodity in huge and increasing industrial demand, with a supply deficit and dwindling stock is insanity.
When silver blows, it will be like a huge elastic band that has been over years stretched way beyond its design limits, then suddenly failing explosively!
Looks like Japan is going to raise rates later in the week, when they raised rates last August this caused major turbulence on global markets. The Nikkei went down 17% over 5 days last time they raised rates and bitcoin during this period fell $20k in one week alone. This market is ripe for a flash crash at anytime now i believe, which could increase demand for gold and silver.
Isn't it in China's interest to keep the charade going longer? Or, are they ready for fireworks?
I think diminishing returns. Gut your silver for transfer to the West while a fraudulent system collapses.
My sense is that we are toeing into a ramp-up in demand that will become exponential.
China does NOT like silver money but there is only so much you can do.
In the recent past, the Chinese government had encouraged it's citizens to buy gold. A few months ago they told the people to buy silver.
https://youtu.be/V3eQ_JoBDvs?si=HJPtlheFjcGvQM2y
As you and many readers have come to realize, "The market is controlled."
This may seem OT. It is not. This whole video is relevant to everyone:
https://www.youtube.com/watch?v=Sf8ehti7xcA
I will watch. Thanks
This information David resonates as loudly as all the bells of the parishes of Paris at the time of the liberation
Thank you Pascal - I hope to wake people up. Freedom.
You are priceless