Aris Mining Corp T.ARIS

RE:RE:RE:RE:RE:RE:RE:RE:RE:Mining Stocks Set To Skyrocket No Physical Silver In London

[Thales42]

Appologies for beating up the silver squeeze topic. Here is a prime example of some of the effects of the lack of delivery of physical silver.  Speaking of GCM and the importance of reliable delivery, I think the GCM business model of  artisan mining will pay handsomely down the road

 #SilverSqueeze quoting key points of a great tweet thread by Kevin Bambrough @BambroughKevin
https://twitter.com/BambroughKevin/status/1357496745933045766?s=20 When I was at Sprott, at times we had metal orders that too many months to deliver. We were routinely promised it would arrive in a month only to find out a month later that it was being promised to be deliver the next month. I remember one instance when we were told it would come from New York. Then Chicago. Then the UK. And ultimately it took 6 months to get or silver deliver. We were told it would come from China, to Vancouver and arrive via train across Canada to Toronto. Point is that when the etfs and coin dealers get cleaned out the result isn’t necessary an immediate price rise. But what actually happens is a massive draw down in inventory and sales commitments that often take months to fulfill. So we should watch inventory levels at the major commodity exchanges the world over and see how many of the current owners of option contracts request deliver in the coming weeks and months. Some Commercial purchasers might be surprised when they see to secure silver for their manufacturing needs in the coming months. They may find that have to pay high premium for immediate delivery. I expect many may find that if they purchase silver today. They won’t be guaranteed delivery for many months. Sure there may be willing sellers today. Some miners happy with today’s price. Even bullion dealers happy to lock in profits by selling silver they agreed to purchase when some miners hedged by product silver with them. They won’t be guaranteed delivery for many months. Sure there may be willing sellers today. Some miners happy with today’s price. Even bullion dealers happy to lock in profits by selling silver they agreed to purchase when some miners hedged by product silver with them. But,these are all some what artificial prices. Etfs don’t advertise the difficulty they have purchasing and the time lag they experience getting deliveries. In the end they trust the bullion dealers will come through in the end and aren’t overly concerned about counter party risk Anyhow, I expect we will see a ramp up in pricing in the coming months as those that need silver in a timely fashion pay up to get it and pull it off exchanges. If you need it for manufacturing and can’t source it any other way you’ll be left with no choice but Purchasing option contracts and pulling it out of exchange inventories End of Quote