Behind the Curtain Connections

I always wondered why Eric Sprott,  Canada’s PM billionaire  never took delivery to crash this stupid game

Probably playing both sides of the spread,  just like my coin dealer…..  “love you Martin”  hahahaha if you are reading 🙂 ……………

Stacking Phyzz  still makes the most sense to me  ………  so what if my children get it all and wait out  the next super cycle

I have never seen public health policy coming down so hard on Joe Six pack like this is in my whole career

Things are gonna get ugly ………  Stay Safe ………  “Stay Free”  The Clash ……..

Best regards

Winedoc

Two workers that sparked Kinross Russia gold mine lockdown test negative

The metals market has always been a criminal enterprise at every level. The grain market is a different story. If you are the oldest long on first notice day, you will own some grain.

The answer should be obvious.  The prices will remain distorted as long as the alleged ‘market’ is manipulated… as long as the banks can…. as long as ‘Federal Reserve Notes’ are the coin of the realm.

It will take a systemic collapse… serious crap… before a cash (dare I say ‘barter’) economy rules the precious metals physical supply.  The question then will be… what is the physical price in ‘new US Treasury Dollars’ after TSHTF… welcome to the greater depression.

than curse the darkness. A local police department decided to put in the light bulbs and turn on the power to this 15 foot star on top of Mt Tom.  Will stay on til this problem is resolved.

I don’t understand how physical metal will ever rule market price.  Will somebody convert a bunch of options to ‘must deliver.?

When they take the delivery from the government condoned crimex will they be buying those 1000 oz globby bars?  Doesn’t JPM have about several billion oz or 3 million globby bars in their warehouses?

Each 31kg (1000 oz) bar is valued at ~$13000 now.  That is about as much as a green box of Eagles but you get twice the weight. Why havn’t savvy investors ever taken advantage of this?  Was the lesson of the Hunt brothers enough to keep all of the rational men out of the metal market for all time?

I keep hearing the paper sellers are going to run out of paper but just don’t understand how the paper price will ever be sensitive to the street value of the metal. How crimex+JPM could ever be overwhelmed.  Even if crimex ran out of silver how could it affect the official price?

Can a mining company say the crimex price is irrelevant and just sell their goods at twice the fake official price?  In theory maybe but in reality every company will sell at comex price unless comex goes out of business.  Thats about as likely as Fanny Mae going out of business.

I’m just curious how retail markets running out of precious metals could ever affect the comex price.  It doesn’t seem possible to me.  In the past when silver went way down we just adjusted to the idea that the shops were empty because they would not sell at a loss.  If shop prices went to $30/oz with spot at $12 then their sales would crater and the spot comex price would stay low.  Lower spot price = less sales — higher spot prices = higher sales  — how will it ever change?  If it gets to that point won’t they just make it against the law to buy the stuff like with the Hunt Brothers?

It seems to me the “free market” could force the price of wheat to one penny per bushel even if there was only a single grain for sale on the surface of the Earth and everybody was starving.

I’m not trying to be negative, I just can’t figure out how these mysterious organizations that so effectively control the price of supposedly “in-demand” commodities can have so much power over prices that the whole premise of supply and demand is permanently waived.

Huge volume on two narrow range days at a market extreme. This usually happens before a huge move. Not much room left to the downside.

Ten new ones in Honolulu since yesterday.  One new on Maui.  Big Island here still only one case.  We are much more rural and spread out here, with fewer tourists.

Honolulu is a virtual petri dish with such a crowded population.  I have a metro bus driver friend that I convinced to start taking selenium also, because he has such broad public exposure… and the bus riders are the dregs of society, with many homeless spending their days just riding the bus around.  They have to clean and sterilize the bus after every day.

I have no doubts we will see more in Hawaii…. lots more. Even if we have full quarantine on incoming persons.  They say ‘no community spread’, but with 26 cases I doubt that.  One ranch tourguide got it… apparently from tourists he served.  To me… that is the definition of ‘community spread’.

I am extremely careful about my elder care.  He is the 89 year old patriarch of the family  I have been a part of for 35 years.  He lost his wife a couple years back, and still wants to live at home.  So a daughter and another son and I stay with him on rotating days to clean, cook, and make sure he gets his heart meds OK.  He’s in pretty good shape, but we are all mindful about NOT letting the great grandkids or rest of the ‘wandering family’ come for a slobbering, casual visit!

One ignorant daughter takes the grandkids shopping EVERY DAY now that school is closed because… “there’s nothing else to do!”   She and her ilk are staying far, far away from the abode because she doesn’t get the ‘social distance’ thing at all.

Happily, I have convinced Papa and my fellow caregivers to take daily selenium supplements.

The Commitment of Traders Report

Silver

*The large specs reduced their long positions by 13,902 contracts and reduced their shorts by 10,923 contracts.

*The commercials reduced their longs by 5,346 contracts and reduced their shorts by 11,035 contracts.

*The small specs decreased their longs by 2,262 contracts and increased their shorts by 448 contracts.

The commercials net short position was reduced to 54,647 contracts.

Gold

*The large specs decreased their long positions by 18,885 contracts and reduced their shorts by 1,270 contracts.

*The commercials reduced their longs by 28,127 contracts and decreased their shorts by 54,782 contracts.

*The small specs reduced their longs by 8,847 contracts and increased their shorts by 133 contracts.

The commercials net short position was reduced to 301,709 contracts.

It is run for the hills time. Spec longs getting out, cabal getting out. This will set up the physical market to take over and rule the day on the upside.

No rates riseing ….u can see the scum come in and ram the 30 yr, to try and trigger SM Algo’s, just like the play the Vix, by smacking that down…anything to get a bid in the SM….well it didn’t work and the 30 yr closed on it’s arse,,,rates down.

That quick pop in Gold was a classic of what happens, when the scums boot is removed/slips.

Much longer and no recovery bounce in the SM and this whole pack of cards is gonna blow…as I said the other day…Deutsche was a pile of , before this thing blew….imagine what it is now.

https://www.dailymail.co.uk/news/article-8135301/Last-orders-London-Boris-Johnson-expected-FINALLY-order-pubs-capital-close.html

A lot of them got elected and are in office as we speak. 🙂 Plus they grew up that that Dreamer Song about open borders. Its all learn, unlearn, and relearn, the process now. Relearning about open borders. And integrated financial systems. Oh well. They’ll figure it out.

I would posit the PPT does not want stocks to finish down.

Cheers

The 10 yr note is UP a handle and 17/32ndss

\https://futures.tradingcharts.com/marketquotes/ZN.html

You need to sign up too lol

the scum are ramming it up,,,rates higher,,to try and get the SM Algo’s to turn bullish, by the looks of the way it trades, it os being thrown around bt a full point in minutes,,,that just does not happen ,,,normally….this last hr could be a horror story in the SM, unless they can turn it.

Kind of like, when you try to divide infinity into pieces, they are still infinity. Richard will be so stinkin rich, he probably wont even associate with us little people anymore. Hope he will still be around to coach us in macrobiotics and options though.

Ha ha maybe the whole site! Goldtent Oasis a Goldbug Rehab Center. First … recognize a higher power … the PPT. LOL

I saw the way they sold $ 1500 …today, as soon as it was back below, every rally twds it was hit…..

They only have the one game left….

Don’t tell Richard that. They have reverse splits and to the moon will be one share left out of 10 thousand.