Thanks David. I’m so happy I bought physical years ago. There has never been a moment in all these years where I have thought “ have I done the right thing”.
From the latest COT Report, the Swaps "took the opportunity" (created the opportunity?) to close a lot of their shorts. That said, they still have ~60K net short contracts (combined) which I'm guessing they are finding it difficult to close?
If Silver now starts to accelerate to the upside as the shortages become impossible to hide or finesse any longer, this would seem to indicate that the conditions are in place for a massive short squeeze?
Thanks David and yes, of course you are right. Which only reinforces the imminent potential for a short squeeze?
The net short position by the Swaps is not insignificant though, and adds to the problem. The excuse has always been that the Swaps are "Short on Comex but long physical metal in London". I recall the infamous Blythe Masters comment on CNBS about "we don't take directional positions" and only trade for clients".
A side issue why does LBMA continue to allow the EFP trade - which, however, obviously doesn't involve the actual delivery of physical metal? It seems to be the place where Comex contracts go to die?
It seems to me like JP Morgan, and Chase have been playing with silver now for 50 years. What’s gonna stop them from continuing can’t they just make more paper? I enjoy your work and will become a paid reader in the near future.
Very glad I purchased some silver bullion years ago. It has kept up with inflation and more. But i keep hearing about the silver shortage for over two years now and a big squeeze coming but here we are still dreadfully lagging gold. If there truly is a silver shortage then what will be the catalyst to get it moving … at least past its former all time high. Sheesh!
Your work and warnings on this file are very much appreciated, David. Thank you.🙏
Thank you Stephen. My pleasure.
Very encouraging news, thank you Sir!
Cheers JMR,
Decades of fraud are coming to a close - good.
Market chaos ahead - unfortunately.
Thanks David. I’m so happy I bought physical years ago. There has never been a moment in all these years where I have thought “ have I done the right thing”.
Excellent - and you will likely feel increasingly relieved as market chaos develops.
Need to see data - there are lots of rumors.
If true, this would sugget that Mark Carnage sold low on gold as Gov of Bank of Canada and bought high as the unelected Prime Minister.
Not a good look going into an election.
https://investoffshore.com/why-canada-has-no-gold-reserves/
Thank you!!!!🙌👍🕊️
Most welcome Renee.
well hurry up and go up to 200 bucks i say ... no time like the present
From the latest COT Report, the Swaps "took the opportunity" (created the opportunity?) to close a lot of their shorts. That said, they still have ~60K net short contracts (combined) which I'm guessing they are finding it difficult to close?
If Silver now starts to accelerate to the upside as the shortages become impossible to hide or finesse any longer, this would seem to indicate that the conditions are in place for a massive short squeeze?
The big short is in London physical market not on the COMEX .
Trading 2.8B oz. of silver every day and ~ 5B oz. open position.
Thanks David and yes, of course you are right. Which only reinforces the imminent potential for a short squeeze?
The net short position by the Swaps is not insignificant though, and adds to the problem. The excuse has always been that the Swaps are "Short on Comex but long physical metal in London". I recall the infamous Blythe Masters comment on CNBS about "we don't take directional positions" and only trade for clients".
A side issue why does LBMA continue to allow the EFP trade - which, however, obviously doesn't involve the actual delivery of physical metal? It seems to be the place where Comex contracts go to die?
David, if July Shelton does the 50 yr bond backed by gold...this will send the gold price through the roof and break the LBMA paper gold market right?
Gold at $3300.
GSR "magically" stuck at 100:1.
It seems to me like JP Morgan, and Chase have been playing with silver now for 50 years. What’s gonna stop them from continuing can’t they just make more paper? I enjoy your work and will become a paid reader in the near future.
The whole rig circles around shortage. Shortage ends the paper pricing system.
You can't print metal.
Very glad I purchased some silver bullion years ago. It has kept up with inflation and more. But i keep hearing about the silver shortage for over two years now and a big squeeze coming but here we are still dreadfully lagging gold. If there truly is a silver shortage then what will be the catalyst to get it moving … at least past its former all time high. Sheesh!
Data indicate shortage.
Let's watch.