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China Silver Fund Plunges After String of Moves to Quell Frenzy https://share.google/OUARpBIHt6ARkquri
FYI - The China SDIC fund is a derivative of the SHFE futures market. It doesn't actually have any relationship to the physical silver market (it does not maintain any physical silver vault stock). The issue with it is that the Chinese people have access restrictions to the physical market and the fund is on the receiving end of the pent up demand for silver price exposure.
How and why are they restricted from the physical market? We've seen them buy gold all over the place.
Quessl3 said:Anecdotally true in Singapore
Spent about 5 hours split between the 2 largest bullion retailers here
Sellers are smalls, tubes and small bars
Buyers are big bars and vaulting
Even split between numbers of customers but volumes are orders of magnitude different
Interestingly buyers here are most certainly neophytes in the space
These stereotypical rich property whale boomer who rode the property boom in Singapore the last 40 years are very different from the buyers at the top in 2011
I spent a fair amount of time in the shops the last go around and this is similar in foot traffic (implies the online sales are MUCH larger) but very different profile wise
YMMV
Quessl3 said:t risk of painting with a broad brush and stereotyping….
These are late 50s to early seventies types which were former white collar professionals that did no investments other than buy property in sg
As a group you’ll find that they surprisingly financially illiterate regarding the underlying dynamics yet are extremely numerate
The majority of this group would be comfortably in the eight figures
$100k is a side bet
Quessl3 said:It’s just the best spread option and for this class of Singaporean investor
Six figs is a side bet
They’ll chase with bigger numbers soon enough when they get onboard with the narrative
And this is going to blow up via word of mouth
Already seeing it, just a matter before it becomes a flood
What is interesting is MASSIVE/Aggie has a penchant for telling you what’s good for you, and thus far all they are saying is
“Don’t get scammed”
Rather than don’t chase
what does this mean...?Six figs is a side bet
Thats what happens when you give up your guns. Once they get the guns away from the population they are free to screw you as they see fit. Just talking badly about them lands you in jail now.yet another reason the EU will collapse
BRITAIN’S REAL CRISIS: THE PEOPLE WHO BUILT IT ARE WALKING AWAY
While politicians remain obsessed with immigration headlines, nearly one million British citizens quietly left the UK between 2021 and 2024.
Young professionals, families, and entrepreneurs are leaving not out of ideology, but exhaustion, priced out of housing, overtaxed, and stripped of opportunity.
The most alarming detail is who is going: the 16-34 generation meant to sustain Britain’s economy, innovation, and public finances.
At the same time, capital is fleeing at record speed, with London rapidly losing its status as a global magnet for wealth and talent.
Punitive tax policies and political hostility toward success have turned the UK into one of the least attractive environments in the developed world.
Other countries are competing for talent and investment, while Britain lectures, regulates, and bleeds itself dry.
This is the real demographic crisis, as Britons leave in large numbers and non-European arrivals replace them, the country is heading toward a future where Britain is no longer British in any meaningful sense.
Source: Europa Press
#2what does this mean...?
They earn six figs and invest in silver, OR they're buying six figs of silver as a side bet??
Not really that insane. They probably listed those when the metal was 200 lower and they would probably sit there for awhile because of the high premium. Now they are moving coins at a profit so not sure how they are losing money? Costco does the same thing. 2 weeks ago a family member bought an ounce of gold and 20 ounces of silver below spot at Costco. They will raise prices but they aren't in business to watch the price of metals all day long like coin stores.Only government...
This is absolutely insane:
This morning, the US government was selling Platinum coins on the US Mint website for $2,345/oz.
At 6:30 AM ET, Platinum prices surged above $2,345/oz, rising to a high of $2,470/oz by 10:15 AM ET.
Yet, the US continued selling these coins for $2,345, or ~5% below the market price.
As traders realized, they began buying these coins which could then be sold for ~5% more.
This likely cost the US millions of dollars, depending on how many coins were sold before the US Mint realized.
The precious metals rally has entered US government "arbitrage" mode.
Not even the US Mint saw this coming.
Wall Street is on vacation for 2 weeks so when they return I suspect a nice pullback. If China keeps bidding it up though then they may not get as big a pullback as they want. Interesting times for sure.Does anyone think the parabolic rise is normal, or is it really different this time?
I fully expect a retrace pretty soon....
Coming within 2 weeks intraday.Does anyone think the parabolic rise is normal, or is it really different this time?
I fully expect a retrace pretty soon....
How do you “blow up” the world’s entire corrupt financial system?
The “City of London” is no longer the cabal capital of the world’s financial system.
If you are following the SILVER price, it’s telling you that everything has changed.
There are those who thought this could never happen.
They are the same people, who are saying, “nothing is happening” and they also have no clue that everything has changed.
And if you think that Wall Street, will forever remain the cabal “center” of the world’s stock markets, you are mistaken.
A “new” market is opening in Texas and it will transform markets.
Decentralization.
Competition.
Two important safeguards, that are ALREADY being implemented.
more at link
Questions (not aimed at you GH of course):
- In what universe can Trump be credited for the silver squeeze?
- How does he correlate central bank actions as being system destructive?
- The Shanghai trades Xmas Eve, buying physical or paper?
- Also, what did they pay with? Or was it on the CCP credit card?
- Why is he talking about derivatives and not providing context as to how it relates to the silver squeeze?
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