Entrepreneur by day/Crypto degen by night | Daytrader with more jokes than stop losses | Occasionally right. If I win, you win. If I lose, it’s content. #MAYC
Wake up! Silver trades ~$30/oz HIGHER in China ($110+ vs our $80 spot). Our metals are flowing East fast. So much for critical minerals. Buy while you can. 🤷🏼♂️ #Silver#MarketManipulation
🏦COMEX SILVER DEPOSITORY REPORT 🏦
COMEX SILVER INVENTORIES DROP ANOTHER 3.4 MILLION OZ WEDNESDAY!
🔥1.14 Million oz Withdrawn from Asahi
⬇️99k oz Adjusted OUT of Asahi Registered
⬇️290k oz Adjusted OUT of BRINKS Registered
🔥684k oz Withdrawn from CNT
⬇️122k oz Adjusted OUT of CNT Registered
⬇️4k oz Withdrawn from Delaware
🔥1.31 Million oz Withdrawn from JPMorgan
⬇️248k oz Adjusted OUT of JPM Registered
⬇️300k oz Withdrawn from Loomis
⬆️1.045 Million oz Adjusted INTO Loomis Registered
🚨TOTAL COMEX SILVER ⬇️3,431,295.319 oz to 408,253,339.693 oz
🇨🇳THIS IS NOT YOUR FATHER'S SILVER MARKET 🇨🇳
Silver has now retraced over 2/3rd of this morning's vertical plunge, up $10 from the $106 low.
Meanwhile, Silver is currently trading at ¥31,620/kilo ($141.42/oz) on the #SHFE while trading at $116 on the GLOBEX!
Yes, you read that correctly, the Shanghai Silver Premium has reached $25/oz!
In years past, a smash-down that took silver prices down 15% in an hour would trigger an avalanche of sell stops and induce days to WEEKS of follow-on selling.
Silver's entire upside momentum could be completely short circuited by a COMEX paper dump of a few billion ounces.
This is not your father's silver market.
Now, the physical demand for silver is so powerful and unrelenting that historic downside moves are completely erased WITHIN HOURS and the bull simply resumes!
The bullion banks short hundreds of millions of oz of silver are growing increasingly more desperate to extricate themselves from the tenuous position they currently find themselves in.
They are now so desperate that they have induced two SEPARATE $15 raids on silver THIS WEEK...with nothing to show for it except silver spot prices back above $117!
Instead of inducing massive follow through selling, silver immediately bounces & recovers the moment
the COMEX silver paper dump is completed!
Unrelenting Asian demand from India and China simply will not allow the bullion banks to tamp down silver prices enough to unwind their massively underwater short positions.
The Shanghai Silver Premium passing $25/oz is screaming monetary regime change from the west to Shanghai.
The spread between Shanghai & the LBMA/COMEX silver prices growing $2-$5/ day is simply not sustainable.
Things have already started to break. First the US refineries locked up. With refineries backed up and not accepting metals, the retail market began to break by mid week as reports surfaced that many local coin shops had halted metals purchases due to capital constraints and slow turn around times.
Then, one of our sources high up in the retail bullion industry informed us Thursday afternoon that a MAJOR GOVERNMENT MINT IS SHUTTING DOWN SILVER SALES IN THE NEXT 24 HOURS!
https://t.co/TyWDsDZJmJ
First the refineries.
Then the local coin shops.
Now Major Government Mints!
The entire system is breaking...
and the REAL short squeeze hasn't even begun!
💥We’re Giving Away 100 oz of Silver to Celebrate TRIPLE DIGITS!!💥
Enter at: https://t.co/VyqXGhsoR4
Secret Promo is FREESTSILVER
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