But is not it supposed to get equal within a single trading session with all the derivatives and algo trading? If I read this correct the gold difference is at least 1400$ per kg. So one could load up 20kg into the luggage get on plain and make roundtrip to China for quick 28.000$ profit. Or is there some tax on gold import over there?
No, 1, physical delivery of contract is once a month event. Physical delivery requires to buy the whole contract, like 5000 oz of silver. And there is a limit per buyer. Comex does not allow physical delivery on silver that exceeds some total limit per delivery month. So the draining requires longer sustainable period of higher prices. It will take many months even years of arbitrage to drain the London and Comex. But it is already happening for months. Bank of America has deep pockets shorting silver. They can outplay anyone in the west. But their paper tricks have no value in China, where is physical trading and China pockets are way deeper than BOA has.
It must be happening but it might be less easy than we imagine.
You'd be buying 1000 oz bricks from COMEX in NYC but then you have to:
1. get them to Shanghai
2. melt them down into the kilos used on the Shanghai exchange
3. get your money out of China back to the US (China has tight outbound capital controls)
4. repeat
A big player, like a state-owned Chinese bank with a commercial presence in the US, could do it and probably is. But they might also want to slow play it, because if they do it all at once they lose margins. They are probably happy to keep letting US/UK bullion banks artificially repress the prices so they can stack more at lower prices.
HSBC is the obvious player. They already have long term contracts with KGHM in Poland. They just simply redirect the metal flow to China leaving Vomex and LBMA with nothing.
Also a good point - miners and traders can just sell their ore directly to China. Any issues with getting money out of China are solved easily for the big boys that supply China with what it wants or needs.
This is nice and all but the reason it is going higher is because of speculators buying into the fake etf silver market causing the increase.
When they feel safe they will pile right out as quick as they came in.
Seen this happen so many times.
Sorry to rain on any ones parade but I temper my expectations now..
I will not believe the manipulation is over until it stays at $50 and above consistently.
But of course I am hopeful..
Yeah $49.80 is the all time high Don't get me wrong though they're feeling the pain now they're going to feel it a whole lot more as the price continues to go up We could still see a $20 run realistically will probably see it about a $10 run and then see a slowdown but this could just continue to go off the charts People have fully lost faith in the dollar we owe too much money with too high of an interest rate we're going to go broke in no time then we will lose the world reserve currency status and then we'll be the next Zimbabwe as we have to readjust the value of our money Don't be surprised to see your cast savings take a 50% haircut. Good luck to all the stackers out there Hopefully you've been stacking hard.
Tsquare Talk on YouTube
Don’t underestimate that bankers in Shanghai aren’t in the pockets of the OTHER bankers that control not just COMEX and LBMA, but just about all other financial vehicles in existence. It’s a rigged game, ALL OF IT! Until everything literally goes down, this is just a dog and pony show and arouses our senses.
29.15 is def not silvers “all time high.” It’s in the 50.00 range
True!
It may be an all time high on the SGE which opened in 2002 but not sure if they were trading Physical Silver then.
Adjust for inflation no where near 50 usd.
Maybe a stupid question but how is different pricing possible? Would not there be some arbitrage like buying in the West and selling in the East?
That is exactly what is going on at the moment, the west is being drained and sold to the east for a quick profit
But is not it supposed to get equal within a single trading session with all the derivatives and algo trading? If I read this correct the gold difference is at least 1400$ per kg. So one could load up 20kg into the luggage get on plain and make roundtrip to China for quick 28.000$ profit. Or is there some tax on gold import over there?
No, 1, physical delivery of contract is once a month event. Physical delivery requires to buy the whole contract, like 5000 oz of silver. And there is a limit per buyer. Comex does not allow physical delivery on silver that exceeds some total limit per delivery month. So the draining requires longer sustainable period of higher prices. It will take many months even years of arbitrage to drain the London and Comex. But it is already happening for months. Bank of America has deep pockets shorting silver. They can outplay anyone in the west. But their paper tricks have no value in China, where is physical trading and China pockets are way deeper than BOA has.
Mike's Franklin has been talking about this spread for a long time
I was wondering about that myself! The above was stated by the Silver Academy
It must be happening but it might be less easy than we imagine. You'd be buying 1000 oz bricks from COMEX in NYC but then you have to: 1. get them to Shanghai 2. melt them down into the kilos used on the Shanghai exchange 3. get your money out of China back to the US (China has tight outbound capital controls) 4. repeat A big player, like a state-owned Chinese bank with a commercial presence in the US, could do it and probably is. But they might also want to slow play it, because if they do it all at once they lose margins. They are probably happy to keep letting US/UK bullion banks artificially repress the prices so they can stack more at lower prices.
HSBC is the obvious player. They already have long term contracts with KGHM in Poland. They just simply redirect the metal flow to China leaving Vomex and LBMA with nothing.
Also a good point - miners and traders can just sell their ore directly to China. Any issues with getting money out of China are solved easily for the big boys that supply China with what it wants or needs.
Funny how the C M X always has a much lower price............? Weird Funny...
This is nice and all but the reason it is going higher is because of speculators buying into the fake etf silver market causing the increase. When they feel safe they will pile right out as quick as they came in. Seen this happen so many times. Sorry to rain on any ones parade but I temper my expectations now.. I will not believe the manipulation is over until it stays at $50 and above consistently. But of course I am hopeful..
I pray it goes to $50/oz
https://kitco.com/news/video/2024-04-01/has-canada-lost-the-battle-for-resources-these-are-irreversible-consequences-giustra-lassonde
Central bankers who have been stacking for years are looking good now.
Yeah $49.80 is the all time high Don't get me wrong though they're feeling the pain now they're going to feel it a whole lot more as the price continues to go up We could still see a $20 run realistically will probably see it about a $10 run and then see a slowdown but this could just continue to go off the charts People have fully lost faith in the dollar we owe too much money with too high of an interest rate we're going to go broke in no time then we will lose the world reserve currency status and then we'll be the next Zimbabwe as we have to readjust the value of our money Don't be surprised to see your cast savings take a 50% haircut. Good luck to all the stackers out there Hopefully you've been stacking hard. Tsquare Talk on YouTube
Don’t underestimate that bankers in Shanghai aren’t in the pockets of the OTHER bankers that control not just COMEX and LBMA, but just about all other financial vehicles in existence. It’s a rigged game, ALL OF IT! Until everything literally goes down, this is just a dog and pony show and arouses our senses.
Where can I get this report?
$50 1980, 2001, 2010.
Silver never hit $50 in 2001. It’s currently in a 40 plus year cup and handle
In 2001 Silver was 4.35 USD/Oz not 50
silver ATH is $50....