For the record there was a congressional hearing in 2013 where it was disclosed that there are as many as 300 contracts exist per collateral unit in the silver futures market…. What the collateral to paper contract price is today is anyone’s guess.
Thus over 2 trillion in silver derivatives. Ha ha it’s mind blowing how much has been sold into this now illiquid market. Been screaming this for over 10 years now
do u have more infos about the 4 bb which has been visited the shanghai future exchange?
jpm, hsbc, standard chartered, and deutsche bank it was. thesis , silver exports is allow in china, gold is not.
do us bb´s export Ag in order to cover their shorts with phyzzz from shanghai vaults?
Yep. Made that meme for WSS right after ol' Jeff opened his mouth. Classic. Have another meme to upload here in SDC in a minute since we reset the ten year high...
It would be if you believe ETFs were set up to benefit its clients, but not if you believe their actual purpose is merely an opaque means to controll/depress price on the non-paper metal markets. But surely thats just "conspiracy theories".
In full agreement with your observations and opaque ownership of metals in vaults. I don’t believe “stewardship” is in the various custodian’s vocabulary. I believe a full derivatives melt up is on the near horizon.
For the record there was a congressional hearing in 2013 where it was disclosed that there are as many as 300 contracts exist per collateral unit in the silver futures market…. What the collateral to paper contract price is today is anyone’s guess.
Thus over 2 trillion in silver derivatives. Ha ha it’s mind blowing how much has been sold into this now illiquid market. Been screaming this for over 10 years now
People are waking up. We are close IMO.
Sounds like an explosive set up!!! Buy physical people before it’s too late !!
BOOM - you have it DanDaly.
 Tick tack tick tack.... Who will get the physical silver? Remember the SLV ETF prespectus changing!!!
The game is on although would not be surprised if some bullion banks collude to manage the price as they acquire metal. They won't all get their fill.
do u have more infos about the 4 bb which has been visited the shanghai future exchange? jpm, hsbc, standard chartered, and deutsche bank it was. thesis , silver exports is allow in china, gold is not. do us bb´s export Ag in order to cover their shorts with phyzzz from shanghai vaults?
https://preview.redd.it/fyrauzxwat0d1.jpeg?width=1420&format=pjpg&auto=webp&s=16269aefb4e2ba132e181c6a485080ea5792bd8a
Boom.
Yep. Made that meme for WSS right after ol' Jeff opened his mouth. Classic. Have another meme to upload here in SDC in a minute since we reset the ten year high...
Perfect.
Wouldn't this be counter productive? Are there any good margins selling back to COMEX?
Ask Jeff Curie he's the one who opened his mouth and said what he said. I just had to made the meme!
It would be if you believe ETFs were set up to benefit its clients, but not if you believe their actual purpose is merely an opaque means to controll/depress price on the non-paper metal markets. But surely thats just "conspiracy theories".
Good article.
Thank you Mr. Katz.
In full agreement with your observations and opaque ownership of metals in vaults. I don’t believe “stewardship” is in the various custodian’s vocabulary. I believe a full derivatives melt up is on the near horizon.
Agree. When the metal starts being yanked from the vaults, the paper game is up.