rideout.eth

Interoperability. If you trust Government, you don’t know history.

[JustDario @DarioCpx]

Here is the full explanation of how the biggest exploit in the history of precious metals likely unfolded 👇🏻

Comex futures price settlement at the Comex is based on a VWAP between 13:24 to 13:25EST

LBMA price settlement instead happens at 12:00 UK time

Most of Silver OTC contracts settle using the LBMA reference and many OTC contracts expire into month end.

On the 30th Jan LBMA silver price benchmark settled at 103.19$ while the Comex Benchmark a few hours later settled at 78.29$.

The following chart (credit @KingKong9888 ) is a great representation of how bullion banks hedge and transact in the silver market (both paper and physical).

It is an open secret now how many banks and brokers were under water on their silver positions, gold and other precious metals especially after the rally in January. Beware this flow chart roughly applies to all these metals that all crashed on Friday (not silver alone).

What’s even more remarkable is how precocious metals crashed on Friday in isolation, stocks, bonds and other commodities were totally unaffected. Anyone that understands any basic of macro and markets knows how this is logically wrong.

Let’s add one more piece to the puzzle now: on Friday the OI at the Comex decreased by 8k contracts at the end of the day. Assuming for simplicity the price differential between the LBMA and the Comex as a reference. That means banks were able to extract ~1bn$ gain from their shorts pushing the Comex price through the floor after the LBMA settlement.

Furthermore the $SLV continued trading after the LBMA benchmark settlement creating almost a 20% discount to NAV because of that. Here is the other trick the banks pulled. If you have to settle a lot of physical contracts at the LBMA but you don’t have the metal, because of such a discount to NAV, AP banks could buy $SLV shares in the open market from panic selling investors, tender the shares to claim bars at 103.19$ and make a killing in the process.

Not surprisingly, $SLV shares count increased by ~51m shared from Thursday to Friday according to iShares. Because of the NAV discount banks extracted up to 1.5bn$ of profits exploiting this ETF assuming they bought up all that shares differential and then turned around to claim silver bars at a much higher price for contract settlement purposes (keep an eye on the data on the metals redemption from the ETF).

The last piece of the puzzle is the exploit against Leveraged silver ETFs like $AGQ that have been forced into liquidating a vast number of derivative contracts during the crash. Here brokers made a killing too, but other people here on X already covered this matter well so no need for me to say more.

All in all, it’s fair to estimate how banks and brokers made up to 5bn$ of profits (or lowered their pre existing losses depending on how you look at it) orchestrating one of the biggest price manipulation in the history to abnormally crash the price of silver in a single day. Surely they made more if you consider the same dynamics happened on gold platinum and palladium.

However this left the precious metals market in a massive price dislocation not only between physical and paper, but also across financial products and exchanges.

Trading resumes in less than 24 hours and there is a chance that what’s about to happen is going to be even more historic than Friday’s events because China and India won’t stop buying silver because of the severe industrial shortage they are dealing with.

[Echo 𝕏 @echodatruth]

🚨 THIS IS BIGGER THAN VENEZUELA 🚨

Less than 24 hours after U.S. military pressure escalated in Venezuela, something far more telling happened, the infrastructure was already in place.

The United States quietly locked in a strategic silver smelter deal designed to process up to $1 TRILLION in Latin American precious metals, including Venezuelan supply.

Let that sink in.

An $8 BILLION state-of-the-art facility, jointly backed by Wall Street capital and the U.S. Department of Defense, now sits at the center of the supply chain.

This isn’t about invasion.
This is about control, security, and price discovery.

• Physical metals moving out of unstable regions
• Refining brought back under U.S. oversight
• Paper markets losing influence
• Strategic metals secured for energy, defense, and AI

When governments build first and explain later, it’s not speculation, it’s preparation.

Silver isn’t being hyped.
It’s being positioned.

Know What You Hold.

[rideout.eth @Mrsavvysilver]

I work through my small bussiness issues with @ChatGPTapp and literally get emotional. What a world we live in

[rideout.eth @Mrsavvysilver]

Due to the interactive ad on the @HISTORY channel for Oak Island, I will not be shopping @Macys this Christmas and will tell my entire family to not shop at Macy’s

[rideout.eth @Mrsavvysilver]

Organic Rosemary plant from Walmart🙃

[Senator Rand Paul @SenRandPaul]

ICYMI, I’m requesting to audit the gold at Fort Knox… cc: @elonmusk

[Gold Predictors @GoldPredictors]

#Silver is consolidating around the key $32.50 area, preparing for the next move higher.

The emergence of an inverted head and shoulders pattern above the ascending channel indicates bullish price action.

[Luke Rudkowski @Lukewearechange]

Guys the eagles are probably losing now…..

[rideout.eth @Mrsavvysilver]

Would love to see @BarbaraOneillAU on @joerogan

[The Daily PsyOp @nomaadpdx]

Best map I have found of fires in Los Angeles:

https://t.co/LH3YPAguIE

[rideout.eth @Mrsavvysilver]

When i upload a video @YouTube and select No Ads. Why are there Ads all throughout my video!?!?!

[ZUBY: @ZubyMusic]

Never ever ever forget what they did.

[Ashley St. Clair @stclairashley]

I have yet to see any reasonable explanation for where 20 million Democrat voters went

[Elon Musk @elonmusk]

Let that sink in

[zerohedge @zerohedge]

Trump erupting on Polymarket, now at a lifetime high of 68.5%

[Joe Rogan @joerogan]

The great and powerful @elonmusk.
If it wasn't for him we'd be fucked. He makes what I think is the most compelling case for Trump you'll hear, and I agree with him every step of the way.
For the record, yes, that's an endorsement of Trump.
Enjoy the podcast

[Ian Carroll @IanCarrollShow]

@Lukewearechange Polls have always been propaganda. Why would we believe any of them are real ever?

The betting markets are the only ones with any legitimacy- and we saw this week how even those can be manipulated just like other markets can

[rideout.eth @Mrsavvysilver]

Believing election poll results = certifiably insane

[Elon Musk @elonmusk]

🎯