Remember; I did ask which side he was on a few days ago. I think this "Shill" position answers that question.
The entire silver market scale appears to be less than $100 Billion which is well within the capabilities of several Nation State actors and only pocket change for the combined BRICS Bloc. I have no doubt that this "Imbalance" will be resolved by "A Geopolitical Deal" : (I don't think Trump will be invited to participate?) That leaves only the questions of "What will be the Deal" and "At what price will the participants capitulate?"
The main one recently was the opening of Russia to foreign investment after the collapse of the Soviet Union. The American Deep State calculated that they could keep all the 'Spoils of War' without having to go to war, and thereby avoiding having to share with other Americans. the same was somewhat true with China's opening up to Global Trade (In this second round with China, the terms were not quite so vicious.)
This is not really an unusual situation: The Elites of the 'Weaker" country are often left in place to manage and keep order. And it is sort of an 'Aristocrat's Courtesy'.
Look no further than Canada; where the whole governing structure and resource exploitation is controlled by American Corporations.
I don't think that any State Actor would benefit from diving Silver to $1000, thereby collapsing the Commodity Trading of the World. The Contagion would impact everything. Then the only 'out'(?), would be a Global War, which nobody could win?
so its ok to drive BTC TO 100K but just not silver , this smells of bankster logic to me ?? at the end of the day THE MINERS need to free themselves SOMEHOW ? from bankster finance that is SHORTING THERE PROFITS WITH PAPER , this is probably already happening , WITH CHINA AND BIG INDUSTRY PURCHASING DORY AT AN UNDISCLOSED MARKET PRICE to ensure industrial production ??
Let’s get curtains pulled back on the metal market manipulator’s and get a real look see at the great and powerful CME Group, LBMA, Bank fraudsters and the “other’s” trying to act like wizards of Ag & Au and send them back to the Emerald City of Oz. Then we can have a glorious bonfire of all the worthless paper contracts to smelt the actual remaining metals and finally get tru price discovery of god’s money, the real real, the actual precious metals. Once the worthless fake paper proxy manipulated contracts are no longer able to “physically deliver the goods” this decades long aberration since 1987 will finally end in spectacular failure and implode itself.
Hi, David. Given the low float in London’s silver and the continual inflow of silver into the COMEX, is the silver coming into comex from somewhere other than London (like Shanghai)? Is that possible? If so, does that take the heat off London short-term until they get more supply?
Silver is coming from many places to America - Canada, Germany, Switzerland, UK, Mexico, etc.
The problem is that there is so little silver available in UK and clearly not being replaced quickly enough that further draws on the London silver market show the defaulting leveraged paper position.
I get that London has a real problem. But, is it possible that the banks that are net short silver on the comex, which have been hedged by offsetting longs on London silver, be able to get new longs on the silver coming from other places (not London) ? And hence reduce their vulnerability to being short squeezed due to London running out?
It has been 3 months and the lease rates for silver in London tell us that so far there is inadequate silver available to flow to London to solve the problem. The metal should flow given the high lease rates,
Can you explain the over 18 million share drop in the PSLV short interest on Friday? That was buying of shares (i.e.physical) in a down market to cover shorts. There was no corresponding manipulation of strike price to target yet the covering of 18 million shares brings the short interest down to just over 3 million shares. The party or parties are now able to sell short again next week to suppress price all over again. There is a strategy here being exploited by those engaging in the manipulation. It would be important to uncover the details and rationale and then expose it.
Lease rates tell us that is what is happening in the silver market. Let's follow these rates and price backwardation in London to see how it progresses.
Yet the same Bullion Banks are still able, month in and month out, to push the prices of both PMs down to reach their "sweet spots" for the expiring Comex options and futures contracts. This started again this week for the Options expiry yesterday (Friday) Two questions come to mind.
First, even the latest COT Report showed a large increase in Swap shorts through the cut-off last Tuesday and since prices has have been pushed lower since then, one can assume that these short positions have grown further. Why are they taking what would appear to be a HUGE risk is a short squeeze appears imminent?
Second, why are the Banks still allowed to get away with such transparent fraud every month? (Spoiler : Rhetorical question but it's so obvious it just pisses me off!)
It's my understanding they can't because there are no "Authorized Participants" allowed to withdraw metal by retiring blocks of shares. The metal belongs to the fund and and can only be bought and sold against outstanding shares for the fund itself. Shorting shares, therefore, is just like shorting any shares - it's a paper transaction only using borrowed shares.
There has to be some sort of benefit to the party shorting otherwise why bother? The daily range is not sufficient in PSLV to just trade it for that reason. Especially in that kind of size. So perhaps it qualifies as a bona fide hedge for margin calculations or perhaps serves another purpose. It would be good to know. Further it is not coincidental that covering took place Friday concurrent with SLV expiration which happened to settle miraculously at 30 negating value for both put and call holders. 🤷♂️
I don't know either, perhaps just trying to make holders of other Silver positions panic and sell, but I don't think it would impact large investors.
Yes, as I observed elsewhere, Friday was Options expiry on Comex and the Banks did what they always do. It's so "in your face" now to get to their "sweet spot" it's almost like they're saying "So what are you going to do about it?". These paper markets are totally corrupt and rigged and it would be really nice to see a return to PMs being priced in the physical markets based on real supply and demand : You know, economics 1.01 which doesn't allow for imaginary paper supply!
And it isn't their metal to lease! It mostly belongs to other Central Banks. Central Banks are now in the Gold acquisition phase and given the leverage risk in the physical markets, ask yourself, if you were a Central Bank, would you be leasing your metal into this present markets?
It will never change, the government (for decades) has protected the Banks to execute/carry out Shenanigans that rip off the retail traders. But the Military is happy! And shorting of the miners is a practice that shouldn’t be allowed. It drives people of the market period.
For years, Ted Butler wrote about the massive short position the 8 bullion banks has(d) on the Comex for silver. He also said that the majority of that position was held by 4 banks, one of whom (JP Morgan), was also on top of a hoard he estimated to be upwards of 500 million oz. Now at the same time, Morgan etc al were (are) custodians of SLV. There is no question whatsoever, in my mind that these banks were rigging the precious metals markets for at least the time I've participated in these markets, which is over 30 years.
If what Butler said is true, then what is the status of Morgan's hoard? Has it been drained in the last 5 years feeding the silver deficit? How about SLV? Do we know for certain whether it's utilized to short the market (as mentioned by Jeffrey Christian years ago) ? That remark was then questioned as to why a product (SLV), which is meant to give investors upside to silver's price gains, be used for shorting?
I expect the hoards, as far as the usual suspects are concerned, are empty and are relying even more so on their usual tactics: obfuscation, delay, and naked shorting,
I posted the above article in Robert Gottlieb's LinkedIn comment section.
3 minutes later, Robert Gottlieb's LinkedIn page returns a 404 Error message.
Let's see if the page has been taken down or if it is a temporary glitch.
https://www.linkedin.com/in/robert-gottlieb-519275319/
Can anyone check this link and let us know if the LinkedIn account still works:
https://www.linkedin.com/in/robert-gottlieb-519275319/
It may just be that I am blocked (burner account).
Working now…
I am getting a '404 This Page Does Not Exist' Message still.
Just checked…still works for me
Am still getting '404 This Page Does Not Exist'
Interesting.
Hmmm…still works for me on my IPad…
David miles Franklin on Sarah west falls podcast said the CME dropped LBMA futures on gold???
They had not been traded for a decade.
I don’t see your comment. Will you repost?
Remember; I did ask which side he was on a few days ago. I think this "Shill" position answers that question.
The entire silver market scale appears to be less than $100 Billion which is well within the capabilities of several Nation State actors and only pocket change for the combined BRICS Bloc. I have no doubt that this "Imbalance" will be resolved by "A Geopolitical Deal" : (I don't think Trump will be invited to participate?) That leaves only the questions of "What will be the Deal" and "At what price will the participants capitulate?"
Any 'deal' resets the gold and silver price many times higher and ends the London paper market (and London as a financial center).
No David; I said "A Geopolitical Deal"...
The "Price" of such a transaction is unlikely to be settled in terms of USD!
Possibly, it could echo China's surrender at the beginning of "The Century of Humiliation"??
Can you give an example of such a deal?
Anything that shows publicly resets the markets and re-routes investors.
The main one recently was the opening of Russia to foreign investment after the collapse of the Soviet Union. The American Deep State calculated that they could keep all the 'Spoils of War' without having to go to war, and thereby avoiding having to share with other Americans. the same was somewhat true with China's opening up to Global Trade (In this second round with China, the terms were not quite so vicious.)
This is not really an unusual situation: The Elites of the 'Weaker" country are often left in place to manage and keep order. And it is sort of an 'Aristocrat's Courtesy'.
Look no further than Canada; where the whole governing structure and resource exploitation is controlled by American Corporations.
How would that look in the silver market?
I don't think that any State Actor would benefit from diving Silver to $1000, thereby collapsing the Commodity Trading of the World. The Contagion would impact everything. Then the only 'out'(?), would be a Global War, which nobody could win?
so its ok to drive BTC TO 100K but just not silver , this smells of bankster logic to me ?? at the end of the day THE MINERS need to free themselves SOMEHOW ? from bankster finance that is SHORTING THERE PROFITS WITH PAPER , this is probably already happening , WITH CHINA AND BIG INDUSTRY PURCHASING DORY AT AN UNDISCLOSED MARKET PRICE to ensure industrial production ??
Let’s get curtains pulled back on the metal market manipulator’s and get a real look see at the great and powerful CME Group, LBMA, Bank fraudsters and the “other’s” trying to act like wizards of Ag & Au and send them back to the Emerald City of Oz. Then we can have a glorious bonfire of all the worthless paper contracts to smelt the actual remaining metals and finally get tru price discovery of god’s money, the real real, the actual precious metals. Once the worthless fake paper proxy manipulated contracts are no longer able to “physically deliver the goods” this decades long aberration since 1987 will finally end in spectacular failure and implode itself.
It is coming - frauds always collapse.
I heard his interview - I don’t trust him. He is true blue JPM. Sounded remarkably simple to think they are flat!
Flat in theory.
Perhaps hosed in reality.
At least Jeff ("Sister") Christian has been invisible recently!
Hi, David. Given the low float in London’s silver and the continual inflow of silver into the COMEX, is the silver coming into comex from somewhere other than London (like Shanghai)? Is that possible? If so, does that take the heat off London short-term until they get more supply?
Silver is coming from many places to America - Canada, Germany, Switzerland, UK, Mexico, etc.
The problem is that there is so little silver available in UK and clearly not being replaced quickly enough that further draws on the London silver market show the defaulting leveraged paper position.
I get that London has a real problem. But, is it possible that the banks that are net short silver on the comex, which have been hedged by offsetting longs on London silver, be able to get new longs on the silver coming from other places (not London) ? And hence reduce their vulnerability to being short squeezed due to London running out?
It has been 3 months and the lease rates for silver in London tell us that so far there is inadequate silver available to flow to London to solve the problem. The metal should flow given the high lease rates,
Thanks for all this. Makes sense.
Can you explain the over 18 million share drop in the PSLV short interest on Friday? That was buying of shares (i.e.physical) in a down market to cover shorts. There was no corresponding manipulation of strike price to target yet the covering of 18 million shares brings the short interest down to just over 3 million shares. The party or parties are now able to sell short again next week to suppress price all over again. There is a strategy here being exploited by those engaging in the manipulation. It would be important to uncover the details and rationale and then expose it.
The hottest question right now is:
- Will this game en up in a massive short squeeze in the near future?
Lease rates tell us that is what is happening in the silver market. Let's follow these rates and price backwardation in London to see how it progresses.
DAVID please listen to new silver institute interview with Gottlieb where- partially available on SD Buillon you tube weekly update
Will check it out. I listened to an hourlong interview he did with Silver Institute on Tuesday.
Yet the same Bullion Banks are still able, month in and month out, to push the prices of both PMs down to reach their "sweet spots" for the expiring Comex options and futures contracts. This started again this week for the Options expiry yesterday (Friday) Two questions come to mind.
First, even the latest COT Report showed a large increase in Swap shorts through the cut-off last Tuesday and since prices has have been pushed lower since then, one can assume that these short positions have grown further. Why are they taking what would appear to be a HUGE risk is a short squeeze appears imminent?
Second, why are the Banks still allowed to get away with such transparent fraud every month? (Spoiler : Rhetorical question but it's so obvious it just pisses me off!)
PSLV had over 18 million shares covered on Friday. Why? How are those shorts using PSLV to further their manipulation?
It's my understanding they can't because there are no "Authorized Participants" allowed to withdraw metal by retiring blocks of shares. The metal belongs to the fund and and can only be bought and sold against outstanding shares for the fund itself. Shorting shares, therefore, is just like shorting any shares - it's a paper transaction only using borrowed shares.
There has to be some sort of benefit to the party shorting otherwise why bother? The daily range is not sufficient in PSLV to just trade it for that reason. Especially in that kind of size. So perhaps it qualifies as a bona fide hedge for margin calculations or perhaps serves another purpose. It would be good to know. Further it is not coincidental that covering took place Friday concurrent with SLV expiration which happened to settle miraculously at 30 negating value for both put and call holders. 🤷♂️
I don't know either, perhaps just trying to make holders of other Silver positions panic and sell, but I don't think it would impact large investors.
Yes, as I observed elsewhere, Friday was Options expiry on Comex and the Banks did what they always do. It's so "in your face" now to get to their "sweet spot" it's almost like they're saying "So what are you going to do about it?". These paper markets are totally corrupt and rigged and it would be really nice to see a return to PMs being priced in the physical markets based on real supply and demand : You know, economics 1.01 which doesn't allow for imaginary paper supply!
That time is coming - and not long off.
Despite Mr. Gottlieb’s Conviction about the CME, I trust the CME as much I trust COMEX, and LBMA.
The entire Stock Market is corrupt, period!
Antidote?
Metal!
Their 6-8 week delay for delivery should be considered a default, no one else would get away with the garbage.
And it isn't their metal to lease! It mostly belongs to other Central Banks. Central Banks are now in the Gold acquisition phase and given the leverage risk in the physical markets, ask yourself, if you were a Central Bank, would you be leasing your metal into this present markets?
It will never change, the government (for decades) has protected the Banks to execute/carry out Shenanigans that rip off the retail traders. But the Military is happy! And shorting of the miners is a practice that shouldn’t be allowed. It drives people of the market period.
Shorting ETFs by APs to withdraw metal also shouldn't be allowed. But there it is.
"Disinformation" aka "They're lying as usual."
Keep stacking!
James Anderson of SS bullion posted a link to a podcast interview of Gottlieb where he said essentially this verbally in the interview. Link is on X
in summary, what did Gottlieb say?
I believe this was where he the buillon banks are flat - short CME long LBMA - I think you were seeking this comment
For years, Ted Butler wrote about the massive short position the 8 bullion banks has(d) on the Comex for silver. He also said that the majority of that position was held by 4 banks, one of whom (JP Morgan), was also on top of a hoard he estimated to be upwards of 500 million oz. Now at the same time, Morgan etc al were (are) custodians of SLV. There is no question whatsoever, in my mind that these banks were rigging the precious metals markets for at least the time I've participated in these markets, which is over 30 years.
If what Butler said is true, then what is the status of Morgan's hoard? Has it been drained in the last 5 years feeding the silver deficit? How about SLV? Do we know for certain whether it's utilized to short the market (as mentioned by Jeffrey Christian years ago) ? That remark was then questioned as to why a product (SLV), which is meant to give investors upside to silver's price gains, be used for shorting?
I expect the hoards, as far as the usual suspects are concerned, are empty and are relying even more so on their usual tactics: obfuscation, delay, and naked shorting,
Lease rates tell us not much silver available in London.
Thanks very much for your insight and taking the time to pass it on. I have learned a metric ton from your posts.
Great to hear - thanks Golden.
Great insight
Thanks TMacro - my pleasure.