I wonder who the Market is for this current Shanghai drawdown? Is it the Chinese citizens who are searching for an alternative to their real estate, and encouraged by their government? Or overseas interests who need to ship this silver out of China for their own purposes??
I'm thinking it's the Western bullion banks, caught dreadfully short in their 60 year long silver price suppression. They need as much AG as they can get their hands on because they have been caught short in the CRIMEX and LBMA casinos. Don't forget, they set the market price daily, bet on it, and keep it suppressed. Nothing to see here, move along, move along...
The purchases in Shanghai are being paid for with free, FED dollars, at the lowest prices ever, what's not to like? JP Moron has been bleeding gold from their vault, pay in out redemptions in various products in the fixed markets.
Now we're going to have an AG shortage as well, as mining AG at these artificially low prices is not paying off.
Leave it to the central banksters to drive the economy into the ground. Then they will exclaim "who could have seen it coming?"
EXACTLY right. JPM/Chase & HSBC are short leveraged OVER 8:1 on Ag futures. [see Yellen went to china to deliver the "nuclear option" to Xi [IMO]....; .."provide liquidity' to the Ag PHYSICAL MARKET [ie. by a) reducing china Ag manufacturing usage in cars/panels ...or by b) 'injecting some physical Ag for sale into Shanghai market>> so that JPM et al could gradually buy it up to unwind their short losses ]..OR else" those banks would implode/default/TOTAL bankruptcy AND China's $400 plus BILLION UST holdings would be INSTANTLY WORTHLESS.
China WILL NOT cut back on their solar production as its a HUGE cash cow for them in trade payments/income...So... they 'compromised' to save their own necks by keeping the Physical Ag market afloat (just enough) so they have more time to sell off their UST's.
THEY WILL do the Shanghi market injection AGAIN until they have gotten out of UST's or... their losses are 'manageable' if/when they decide to let the US banksters crash.
Great addition, I hadn't thought about the Chinese providing AG liquidity to conserve value in their own UST holdings. Because even if the bullion banks were looking at bankruptcy and the Fed bailed them out (which I think is more likely than BK) everyone looses value...
Yes I remember reading that one... excellent and really lays it out. Even if the Fed and the other banksters try to print their way out of this, you can't print silver right? And I got a new quote from David by revisiting that article you reference, I love new quotes!
Thanks!
"The process by which banks create money is so simple that the mind is repelled.”
I wonder who the Market is for this current Shanghai drawdown? Is it the Chinese citizens who are searching for an alternative to their real estate, and encouraged by their government? Or overseas interests who need to ship this silver out of China for their own purposes??
I'm thinking it's the Western bullion banks, caught dreadfully short in their 60 year long silver price suppression. They need as much AG as they can get their hands on because they have been caught short in the CRIMEX and LBMA casinos. Don't forget, they set the market price daily, bet on it, and keep it suppressed. Nothing to see here, move along, move along...
The purchases in Shanghai are being paid for with free, FED dollars, at the lowest prices ever, what's not to like? JP Moron has been bleeding gold from their vault, pay in out redemptions in various products in the fixed markets.
Now we're going to have an AG shortage as well, as mining AG at these artificially low prices is not paying off.
Leave it to the central banksters to drive the economy into the ground. Then they will exclaim "who could have seen it coming?"
EXACTLY right. JPM/Chase & HSBC are short leveraged OVER 8:1 on Ag futures. [see Yellen went to china to deliver the "nuclear option" to Xi [IMO]....; .."provide liquidity' to the Ag PHYSICAL MARKET [ie. by a) reducing china Ag manufacturing usage in cars/panels ...or by b) 'injecting some physical Ag for sale into Shanghai market>> so that JPM et al could gradually buy it up to unwind their short losses ]..OR else" those banks would implode/default/TOTAL bankruptcy AND China's $400 plus BILLION UST holdings would be INSTANTLY WORTHLESS.
China WILL NOT cut back on their solar production as its a HUGE cash cow for them in trade payments/income...So... they 'compromised' to save their own necks by keeping the Physical Ag market afloat (just enough) so they have more time to sell off their UST's.
THEY WILL do the Shanghi market injection AGAIN until they have gotten out of UST's or... their losses are 'manageable' if/when they decide to let the US banksters crash.
Great addition, I hadn't thought about the Chinese providing AG liquidity to conserve value in their own UST holdings. Because even if the bullion banks were looking at bankruptcy and the Fed bailed them out (which I think is more likely than BK) everyone looses value...
THNX-
"Its a BIG Club...and we ain't in it " - J Carlin
Only makes sense. Also see Jensens other excellent articles on SFE.
{https://jensendavid.substack.com/p/an-estimate-of-bullion-bank-exposure}
Yes I remember reading that one... excellent and really lays it out. Even if the Fed and the other banksters try to print their way out of this, you can't print silver right? And I got a new quote from David by revisiting that article you reference, I love new quotes!
Thanks!
"The process by which banks create money is so simple that the mind is repelled.”
-John Kenneth Galbraith
Hhmmm, 8.95 million - why that exact amount vs say 9 million?