Derek M🇨🇦

Interested in destroying the illusion of the Central Bank money printing scam. Help me reveal the Mandrake Mechanism/the wizard of Oz behind the curtain 😎

[Karel Mercx @KarelMercx]

COMEX silver inventories continue to fall

Right now there are about 102 million ounces of silver that can actually be delivered against futures contracts. That is the registered silver. Against that sits roughly 366 million ounces of open interest in the March contract. If every holder demanded physical delivery, the gap would be 264 million ounces. That never happens in practice because positions are closed or rolled.

The March contract is fascinating to watch. Over the past 24 hours, open interest dropped by 2,943 contracts of 5,000 ounces each. That is 15 million ounces coming out of March. This happens when longs and shorts close or roll positions. The roll was clearly visible, because 3,589 new contracts were opened in May. That equals about 18 million ounces shifting into the May contract.

At a pace of roughly 15 million ounces per day coming off the March contract, it would take about 18 trading days for open interest to fall to a level that could be covered by the current registered inventory. Eighteen trading days from today takes us to March 6.

First Notice Day for the March contract is February 27 and last trading day is March 27. Shorts decide when to issue a delivery notice. The CME clearinghouse then assigns that delivery to clearing members with long positions. Within those brokers, delivery is allocated to clients holding longs.

This is not the whole story. Silver can still move into COMEX vaults or be reclassified from eligible to registered. But the trend in registered silver is down. Perhaps the strongest point of all: even after the silver crash more than a week ago, that downward trend did not stop.

That tells you everything.

[The Kobeissi Letter @KobeissiLetter]

Silver inventories on the Shanghai Futures Exchange are collapsing:

Shanghai's Silver available for delivery is down to just 350 tonnes, the lowest since 2015.

This marks a -88% decline from the ~3,000 tonne peak seen in January 2021.

This tightness has been exacerbated by heavy silver exports from China to London in 2025, which alleviated the global physical squeeze but depleted local stocks even further.

The physical silver market has rarely been this tight.

[VBL’s Ghost @Sorenthek]

Must watch: Marco Rubio has been selected by the administration to start breaking the bad news to everyone. We are not the global reserve currency anymore for half the world.

[BRICS News @BRICSinfo]

JUST IN: 🇨🇳🇺🇸 China instructs banks to reduce US Treasury holdings.

[Wall Street Mav @WallStreetMav]

Feel good news today ...

The United Nations is at risk of an "imminent financial collapse."

[World Affairs @World_Affairs11]

BREAKING:

China plans to put Dollar to an end with massive Gold and silver reserve, amid making Yuan global reserve too.

[Derek M🇨🇦 @MandrakeMech]

@ermagosh131 @MAVERIC68078049 Lol

[BRICS News @BRICSinfo]

JUST IN: 🇨🇳 President Xi Jinping calls for the Chinese yuan to become a global reserve currency.

[Derek M🇨🇦 @MandrakeMech]

@ermagosh131 @aleabitoreddit They still made a profit even in the year the paid the 900+ million dollar fine 🙈🙃

[Derek M🇨🇦 @MandrakeMech]

@ermagosh131 @MarcNixon24 Crazier yet to me was how they still got to be a custodian of SLV even after being busted… 🤡🌎

What’s going on now though I think takes the cake, just crazy/pure insanity. Where the F is the CFTF? 🤔🤨🧐

[Sense Receptor @SenseReceptor]

Me trying to figure out the connection between the Epstein files release, the insane moves in precious metals, whatever TF is going on in Iran, the Apaches that just flew by my window, and the AI chatbots self-assembling into social networks

[Derek M🇨🇦 @MandrakeMech]

@themarketsniper

[The Dude @Thedudesetx00]

My vibe at $5,500 gold and $119 silver!!

[Derek M🇨🇦 @MandrakeMech]

@ermagosh131 @franco_nomics @Stmichealsword Par for the course really. Canada has basically become a migrant haven/tax farm. We pretty much work to fund our local and Federal politicians and baby boomer generational retirements 😒

[Derek M🇨🇦 @MandrakeMech]

@kgabriel477 @TFMetals

[Derek M🇨🇦 @MandrakeMech]

@ermagosh131 @jimcramer Means we’re going to the moon, hold on to your hats/silver 🤭😅

[Not Jerome Powell @alifarhat79]

People that own silver right now

[Derek M🇨🇦 @MandrakeMech]

@garysavage1 You can sign up with a company like Glint, who stores allocated gold/silver for yourself that comes with a debit card which you can use to purchase daily items. When you spend, it takes the appropriate amount out of your account. Oh, and the metals are redeemable. Problem solved.

[Roberto Rios @peruvian_bull]

Why is silver at $100? Because your money is fake

[AwakenSoul🖤🪽👑 @awakensoulslove]

#Silver