One of the things I pride myself on when running this website is integrity.
If I tell you something, I stand by it.
If I tell you something, it better be true!
I don’t do Fake News.
Everything I put out is researched and vetted.
And for a while now, I’ve been telling you about silver.
I always say, “I’m not a financial advisor” but I am a reporter and I know when I see something strange going on.
And I’m here to tell you there is something VERY unusual happening with silver.
And with the dollar and the stock market.
In fact, my friend Bo Polny recently told me he expects a major dump in the dollar, a huge stock market crash….and silver to suddenly hit THREE DIGITS.
Watch here:
I haven’t been telling you to buy silver, I can’t tell you what to do.
But I have been telling you I personally am buying silver!
I’ve also been telling you I expect it soon to become difficult to even buy some.
Extreme supply shortages.
In fact, we may now be seeing that.
First was this from SD Bullion:
Silver bullion in London’s underground vaults is running low.
Derivative powers that be are on full defense.
Going on various fiat bubble vision shows, trying to belittle growing interest and physical bullion buying.
It is not going to work. Indeed along the way, they will win day-to-day derivative battles. Ultimately, they will lose the physical bullion war.
Ronan Manly reported this past week about shrinking London silver bullion float inventories here on ZeroHedge.
According to Ronan’s best estimates of this convoluted, almost entirely opaque market. Just over 100 to 125 million troy ounces of silver remain unallocated in London.
As we have seen thus far, in 2021, investors can buy out one hundred to one hundred twenty-five million troy ounces of silver in a mere matter of a few heavy buying and silver betting days.
Earlier this week, I sat and listened through many #SilverSquealer interviews scoffing at the influence of new silver bullion and $PSLV share buyers. This week we will focus on the head of commodities research at Goldman Sachs, Jeff Currie.
In the video above, we cover some of Jeff Currie’s February 2nd, 2021 interviews, where he tries to shrink how badly the silver bullion squeeze is going to alter the price discovery landscape.
Only but a handful of days before Jeff Currie went on TV and lied to everyone, the CME Group COMEX silver futures contract size limits doubled from 1,500 to now 3,000 contracts. So Comex traders can soon legally hold sway over a 15 million leveraged price discovery derivative position. Of course, read too that these position limit doublings are merely effective in April 2021, not to be held under compliance until 2022.
But since JP Morgan has such an outsized position underlying over half the fraction silver bullion COMEX pile, it will be through their COMEX warehouse-size that they will likely continue trading exempt from these new 3,000 contract position limits. They are working for alleged clients like perhaps the People’s Bank of China, for instance.
While the media continually wants to spin this ongoing #SilverSqueeze, playing it off as mere retail bullion buying populism. The underlying truth is that we will likely continue to see larger financial players, commercial users, and perhaps even sovereign nations enter into the fray.
Some merely make momentum trade profits, but some perhaps even, to better secure strategic silver bullion stockpiles for their future.
And then this from iTrustCapital:
When you click the “Learn more” button to find out what’s going on with Silver, here’s what it says:
Physical Silver & Gold vs Paper
Over the last week, the biggest financial news story in the world is about how a Reddit trading group, wallstreetbets, is taking on Wall Street. You may have been living under a rock to have not heard about recent market events.
The same group that took credit for short squeezing stocks like GameStop and AMC made a post about Silver. That post was all it took to get the investment world in a frenzy to start buying.
Many new to investing in Silver may not know that there is a big difference between holding paper silver and physical Silver.
The main question on everyone’s mind is Gold vs Paper Gold.
Paper Gold & Silver
Similar to fiat currency, most Paper Silver products are not backed 1 for 1 by the real thing and therefore can be sold with virtually an endless supply. Examples are Exchange Traded Funds (ETFs), Exchange Traded Products (ETPs), Futures, Options, and more.