People all over the world are scrambling to buy physical silver, line-ups outside of precious metals bullion shops everywhere you look.
Refineries are telling us that production order backlogs mean delays could mount into months for receiving shipments.
Silver mints across the western world into east Asia are posting press releases stating that production is being cut back and in some cases stopped (US Mint, Perth mint).
Yet we see the price of silver futures fall more than 33% at one point in the afternoon with NO circuit breakers tripping.
TOTAL CORRUPTION EVERYWHERE on the Crimex/Comex but TV/Youtube "experts" tell us it's inflation, dollar collapse or geo-politicial tensions and impending war or even nonsense like the Kevin Warsh FED Chair pick.
No wait, it's China, China, China.
Total effin' B.S.
This is fraud and corruption (wire fraud, securities, fraud, insider trading, RICO violations),
perpetrated by the usual suspects JPMorgan, Citigroup, HSBC, Goldman Sacs, Morgan Stanley and Bank of America.
This is why the Futures "Markets" were introduced, of course. These attacks are always done with derivatives. But even with Futures, they can only do so much because, as David points out, none on these paper games magically produce any new physical metal. Investing in PMs has always required great patience because we are up against every Central Bank in the world. And the BIS/ESF etc.
Indeed. We are up against most CBs. They serve the fiat masters, a cabal of bullion banks run by centuries old banking dynasties. Their game is fractional reserve banking to keep paper money boss. I knew none of it when I purchased my first piece of silver back in 2019. What started as an investment derived from honest research became in due time a spiritual war against the powers that enslave mankind for so long. Throughout the years I met every smash by these criminals with a timely purchase of good old hard bullion, my particular way of raising my middle finger to them and their farce.
Exactly right. CFTC Chair used to say they could change the price of any asset under their exchange "...with the click of the mouse."
Indeed, crude oil futures for West Texas Intermediate were at one point selling for ...drumroll please...
"...April 20, 2020, the May 2020 West Texas Intermediate (WTI) crude oil futures contract (NYMEX) traded below zero. At its lowest point it hit about –$37.63 per barrel..."
That is corruption and fraud so blatant , even a child could see it though they will try and sell you a story for the negative pricing.
Also, patience and discipline are the hallmark character traits of the silver stackers.
The Warsh story wasn't very convincing either. Did they really expect us to believe that Trump would appoint someone whom he didn't think was going to do his bidding - especially after all his public attacks on Powell? It's laughable, and certainly not the stuff such huge PM declines are made of. But, of course, it could have been anything, they don't care as there is effectively no Regulator.
I guess the key questions now are a) what happens to the price in Shanghai when the market opens Sunday evening Eastern? and b) what will Comex do next as it runs out of Silver to deliver?
Despite what ever has happened during the last decades silver is still here as gold ! As debts and ressources scarcity.
The global picture is not improving.
Price are rising : when you go,to,the supermarket in France it cost you a fortune - products on discount are flying out of the shelves - even with a good salary you can’t afford a new car ! Swimming pool entrance 5 euros minimum ! No student can go swimming on a regular basis (5 times/ week) …
Wow, what a surprise, is there nothing sacrosanct other than “ what’s important to me? “. Ethics violation wherever you look. We’re the crookedest country in the world, for what? MONEY, MONEY, MONEY 😑
As you said, David, the 10% swing under 1 hour is a 1 way st. Only if it goes up does it get triggered. The Puppet Masters that control EVERYTHING (though they are about to lose TOTAL CONTROL) are losing PUBLICLY for all to see. As painful as this was, let's see if the good guys use this as the fulcrum to DISMANTLE the Crimex.
David absolutely is right. Buy today. Gold and silver and quality Miners are going to do well. You will get a very good compounded rate of return the next 4 or 5 years.
You are the first analyst I’ve seen mention Starmer’s visit to China right before such an important PM market date. Add in the pseudo ‘falling out’ between UK/Europe and US/NATO over Greenland/Iran. Plus the LME had a slightly odd delay to trading on Friday morning. LBMA in trouble delivering contracts? Who knows, but very fishy all round.
Also the head commodities trader for Goldman Sacs resigned a few days ago with no reason and Goldman didn't offer up any B.S. reason for his departure.
How does the LME connect with our silver situation? Did the base metals also fall huge amounts on Friday? I know the LME was offering some silver and/or gold contracts for a while, but I believe they phased them out a few years ago.
Well analyzed. I have commented but I agree w/ your analysis. And also the US MINT has been part of this.. like you said: there is no reason for silver to drop.. the Gold/Silver ratio has been out of sync. and that is just lie about 'silver shortage".. imo. but YOU GOT. I don't regret not selling.. at its high. Silver is not a meme stock: it is a metal which collectors and non collectors and numismatists have collected like Gold for DECADES.. I know this is a "shock" to all the younger GENERATION but this has gone for Decades. "widow's mite" mentioned in the Bible. GOOD CALL. :)
CME knows it does not have the silver to deliver so they are putting the squeeze on futures contracts. The price quoted is for futures contracts that cannot deliver so they are worth less. They should just make the margin requirement 100% and get it over with.
Very insightful as usual. The double standard is very concerning but leaves no doubt as to the integrity of the exchanges. Very concerning but yet expected . The fact the JPM used the bottom to close their shorts is too convenient to be coincidental !
This should help. It was likely from one of these three, below.
Evil loves the darkness, but too many good, smart and knowledgeable people are watching their every move now. How ironic that the most reflective element and material in existence have been kept hidden away from the minds of men in the dark empty vaults of bankers.
I read that if silver finished over 100 on the last trading day in january, the banks will get absolutely hammered. They're in survival mode and it shows. Bix Weir had warned about not looking at the price during this time. LOL
I will not be disheartened by this latest underhanded stunt. I've been in this since Bear Stearns got nuked in 2008 by their silver short and JPM inherited their position, which was supposed to be slowly unwound. Well, it seems it never was and has been levered up ever since. I believe we're in the final chapter of this saga, and my gut says this story ends in 2026 with silver stackers rejoicing.
In the meantime, I'm not worrying about what their algos define as the nominal price of silver. I am awaiting the real revaluation of silver after the entire global debt market implodes, and I'm able to directly purchase goods and services with silver or use it as collateral.
Just as a sidenote I think is worthy to bear in mind: It remains a fact that within many languages the modern word used to mean money is the same direct word for silver. I'm not a native Irish speaker, but I know a little Irish (Tá beagán Gaeilge agam). In Irish, the word used for modern money or currency is "airgead" and is defined as silver, proving silver had been the money of the people that spoke the language, long before modern banks and government enablers forced their fiat debt currencies upon us.
With that being said, I think it's inevitable Silver will return to its rightful role as the people's money in the not-so-distant future.
Thank you David for your expert analysis. I only follow a handful of people that I consider experts (Holter, Hunt, Steer) and to know their stuff, and you’re one of them greats!
I sold 4 ounces of gold on the Thursday ( a day before the crash)
Why because I had a C C debt caused by buying silver before Xmas ( very happy with that purchase) but got to thinking ,I do not want any debt even trading debt , I hated to see those ounces go but happy to clear the C C debt and have some fiat in reserve ,safety first ,still happy with that course of action, I think , my profit in fiat was outstanding , and I have killed that nagging fear of debt in these crazy times , I want them back and will get them back at sometime I hope ,please tell me your thoughts
Wow that's really nice coming from you Dr Mike you are very much a hero to me and hopefully millions more one day you definitely will be recognised for the good you have done to the human race God bless you , Sir
People all over the world are scrambling to buy physical silver, line-ups outside of precious metals bullion shops everywhere you look.
Refineries are telling us that production order backlogs mean delays could mount into months for receiving shipments.
Silver mints across the western world into east Asia are posting press releases stating that production is being cut back and in some cases stopped (US Mint, Perth mint).
Yet we see the price of silver futures fall more than 33% at one point in the afternoon with NO circuit breakers tripping.
TOTAL CORRUPTION EVERYWHERE on the Crimex/Comex but TV/Youtube "experts" tell us it's inflation, dollar collapse or geo-politicial tensions and impending war or even nonsense like the Kevin Warsh FED Chair pick.
No wait, it's China, China, China.
Total effin' B.S.
This is fraud and corruption (wire fraud, securities, fraud, insider trading, RICO violations),
perpetrated by the usual suspects JPMorgan, Citigroup, HSBC, Goldman Sacs, Morgan Stanley and Bank of America.
This is why the Futures "Markets" were introduced, of course. These attacks are always done with derivatives. But even with Futures, they can only do so much because, as David points out, none on these paper games magically produce any new physical metal. Investing in PMs has always required great patience because we are up against every Central Bank in the world. And the BIS/ESF etc.
Indeed. We are up against most CBs. They serve the fiat masters, a cabal of bullion banks run by centuries old banking dynasties. Their game is fractional reserve banking to keep paper money boss. I knew none of it when I purchased my first piece of silver back in 2019. What started as an investment derived from honest research became in due time a spiritual war against the powers that enslave mankind for so long. Throughout the years I met every smash by these criminals with a timely purchase of good old hard bullion, my particular way of raising my middle finger to them and their farce.
Exactly right. CFTC Chair used to say they could change the price of any asset under their exchange "...with the click of the mouse."
Indeed, crude oil futures for West Texas Intermediate were at one point selling for ...drumroll please...
"...April 20, 2020, the May 2020 West Texas Intermediate (WTI) crude oil futures contract (NYMEX) traded below zero. At its lowest point it hit about –$37.63 per barrel..."
That is corruption and fraud so blatant , even a child could see it though they will try and sell you a story for the negative pricing.
Also, patience and discipline are the hallmark character traits of the silver stackers.
The Warsh story wasn't very convincing either. Did they really expect us to believe that Trump would appoint someone whom he didn't think was going to do his bidding - especially after all his public attacks on Powell? It's laughable, and certainly not the stuff such huge PM declines are made of. But, of course, it could have been anything, they don't care as there is effectively no Regulator.
I guess the key questions now are a) what happens to the price in Shanghai when the market opens Sunday evening Eastern? and b) what will Comex do next as it runs out of Silver to deliver?
“CFTC Chair used to say they could change the price of any asset under their exchange "...with the click of the mouse."”
Do you have a reference for that? Video or article?
No! It's the Russians again led by that very bad man President Putin.
Despite what ever has happened during the last decades silver is still here as gold ! As debts and ressources scarcity.
The global picture is not improving.
Price are rising : when you go,to,the supermarket in France it cost you a fortune - products on discount are flying out of the shelves - even with a good salary you can’t afford a new car ! Swimming pool entrance 5 euros minimum ! No student can go swimming on a regular basis (5 times/ week) …
Wow, what a surprise, is there nothing sacrosanct other than “ what’s important to me? “. Ethics violation wherever you look. We’re the crookedest country in the world, for what? MONEY, MONEY, MONEY 😑
Indeed, almost can’t regret for what’s to unfold in this once great country as punishment for the endless corruption
JPM has its blood-sucking fangs all over this.
As you said, David, the 10% swing under 1 hour is a 1 way st. Only if it goes up does it get triggered. The Puppet Masters that control EVERYTHING (though they are about to lose TOTAL CONTROL) are losing PUBLICLY for all to see. As painful as this was, let's see if the good guys use this as the fulcrum to DISMANTLE the Crimex.
Fraud always fails, just a matter of when. That's a fact.
David absolutely is right. Buy today. Gold and silver and quality Miners are going to do well. You will get a very good compounded rate of return the next 4 or 5 years.
It is probably, "China China China" to some degree? But, it is also many other countries and individuals who seek sovereignty.
Short on China's position: https://www.youtube.com/watch?v=CC7N-V1sML4
You are the first analyst I’ve seen mention Starmer’s visit to China right before such an important PM market date. Add in the pseudo ‘falling out’ between UK/Europe and US/NATO over Greenland/Iran. Plus the LME had a slightly odd delay to trading on Friday morning. LBMA in trouble delivering contracts? Who knows, but very fishy all round.
Also the head commodities trader for Goldman Sacs resigned a few days ago with no reason and Goldman didn't offer up any B.S. reason for his departure.
Very interesting did't want to be the fall guy smart fella
Thanks Robert these bits of info are so important to get an overall picture
Did you hear about the false story in Reuters since deleted and apologised for more interesting info
I’m not familiar with this reuters story. Can you share some information about it?
Benjamin Binet-Laisne
How does the LME connect with our silver situation? Did the base metals also fall huge amounts on Friday? I know the LME was offering some silver and/or gold contracts for a while, but I believe they phased them out a few years ago.
LME manages platinum and palladium auctions, which are correlated with gold and silver to a fair degree. Could be related.
Of all those I research, you are the only analyst to mention the absence of silver market 'circuit breaker' interventions. Great insight, thanks.
Sunday evening gonna be 🔥.
Another volatile session. The increased margin requirement assures it .,
Tuesday or Wednesday should see a heck of a rip higher.
Thank you David. This is a really great report.
Well analyzed. I have commented but I agree w/ your analysis. And also the US MINT has been part of this.. like you said: there is no reason for silver to drop.. the Gold/Silver ratio has been out of sync. and that is just lie about 'silver shortage".. imo. but YOU GOT. I don't regret not selling.. at its high. Silver is not a meme stock: it is a metal which collectors and non collectors and numismatists have collected like Gold for DECADES.. I know this is a "shock" to all the younger GENERATION but this has gone for Decades. "widow's mite" mentioned in the Bible. GOOD CALL. :)
Thank you for your analysis.
CME knows it does not have the silver to deliver so they are putting the squeeze on futures contracts. The price quoted is for futures contracts that cannot deliver so they are worth less. They should just make the margin requirement 100% and get it over with.
The price quoted is for futures contracts that cannot deliver so they are worth less.
The price quoted is for futures contracts that cannot deliver so they are worthless.
FIFY
The futures contracts in US are only worth $75 an ounce when spot prices in Shanghai are $122. That’s worth less. Approaching worthless.
Very insightful as usual. The double standard is very concerning but leaves no doubt as to the integrity of the exchanges. Very concerning but yet expected . The fact the JPM used the bottom to close their shorts is too convenient to be coincidental !
No data showing if JPM trading for house account or client.
I saw a tweet about it will see if I can find it again. If I am wrong then I apologise in advance
This should help. It was likely from one of these three, below.
Evil loves the darkness, but too many good, smart and knowledgeable people are watching their every move now. How ironic that the most reflective element and material in existence have been kept hidden away from the minds of men in the dark empty vaults of bankers.
https://x.com/silvertrade/status/2017764585923858662
https://x.com/DarioCpx/status/2017453309830049824
https://x.com/NoLimitGains/status/2017839251329618149
No data showing if JPM trading for house account or client.
Thanks mate that’s the one
You are right David and this video clears that up. A little knowledge is dangerous, and I am guilty of that it seems.
As for the CFTC, they might as well become another DOGE casualty and same a few more bucks?
I read that if silver finished over 100 on the last trading day in january, the banks will get absolutely hammered. They're in survival mode and it shows. Bix Weir had warned about not looking at the price during this time. LOL
I will not be disheartened by this latest underhanded stunt. I've been in this since Bear Stearns got nuked in 2008 by their silver short and JPM inherited their position, which was supposed to be slowly unwound. Well, it seems it never was and has been levered up ever since. I believe we're in the final chapter of this saga, and my gut says this story ends in 2026 with silver stackers rejoicing.
In the meantime, I'm not worrying about what their algos define as the nominal price of silver. I am awaiting the real revaluation of silver after the entire global debt market implodes, and I'm able to directly purchase goods and services with silver or use it as collateral.
Just as a sidenote I think is worthy to bear in mind: It remains a fact that within many languages the modern word used to mean money is the same direct word for silver. I'm not a native Irish speaker, but I know a little Irish (Tá beagán Gaeilge agam). In Irish, the word used for modern money or currency is "airgead" and is defined as silver, proving silver had been the money of the people that spoke the language, long before modern banks and government enablers forced their fiat debt currencies upon us.
With that being said, I think it's inevitable Silver will return to its rightful role as the people's money in the not-so-distant future.
Thank you David for your expert analysis. I only follow a handful of people that I consider experts (Holter, Hunt, Steer) and to know their stuff, and you’re one of them greats!
Scammer
I did something I said I would not do
I sold 4 ounces of gold on the Thursday ( a day before the crash)
Why because I had a C C debt caused by buying silver before Xmas ( very happy with that purchase) but got to thinking ,I do not want any debt even trading debt , I hated to see those ounces go but happy to clear the C C debt and have some fiat in reserve ,safety first ,still happy with that course of action, I think , my profit in fiat was outstanding , and I have killed that nagging fear of debt in these crazy times , I want them back and will get them back at sometime I hope ,please tell me your thoughts
Congratulations on having got down to very little Fiat.
Wow that's really nice coming from you Dr Mike you are very much a hero to me and hopefully millions more one day you definitely will be recognised for the good you have done to the human race God bless you , Sir
Very good analysis
Nice job…
Thank you David.
I wonder if Starmer was begging Xi for metal
:) hmm.. interesting question