OTCPK:KRCLF - Post by User
Post by
Farquaron Jul 27, 2023 11:06am
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Ted Butler had been sounding the alarm for past week
Ted Butler had been sounding the alarm for past weekSo, last week there was a massive incresase in open interest at the Comex. What this meant was that there was massive buying of new gold and silver contracts.
All that buying of gold and silver by hedge funds etc. should have made the price of silver , for example go up to 35$ but the price of silver hardly went up...So one might ask , how can tens of millions of silver be bought on leverage and yet the price does not go up?
It's because the absolute largest financial institutions in the world took the "short" side on all those new comex contracts. Every Crimex contract requires a long and a short. If a hedge fund thinks the price of silver will go up and they want to buy a contract on the Comex, then they need to buy an existing long contract. So let's say a long bought in at 22$ silver and now the price is 25$, they may offer their long contract at 26$ to these new buyers and get out with a nice 4$/ounce x 5000 ounces profit. So normally with a a gigantic increase in the number of buyers hitting the market, the price should sky-rocket.. In every normal market in our natural world, whenever you have an imbalance of buyers to sellers, the price has to go up in order for all those deals to get done... If you are selling your used car and you have 50 people wanting to buy it because there are so few used cars available, then your asking price will be to the highest bidder...
But the problem with the "Comex" is that there never seems to be a shortage of silver supplies "EVER"!!! The Comex might have only 30 million ounces available for delivery but this has not stopped them from letting huge bullion banks from issuing 100's of millions of ounces worth of new contracts. This flood of short-side contracts absorbs all the new longs's bets on the price of silver going up...and so, the price of silver and gold STAGNATE for the time being...If all the buying power drys up, then the price has nowhere to go but down, which is what is happening today!!
This smack down of gold and silver is all illegal and is completely artificially "fabricated"....
The comex faciilatates and enables a fantasy land virtual market of silver that does not exist...There are not a billion ounces of silver available for purchase on the planet but the " make believe fairy tale comex silver market trades like there are literally billions of ounces of silver available to buy...
This is communism...You have the central planners protecting their phony US federal reserve notes by making the competition look undesirable and worthless... What a fraud and con-job they got going on ....