Group Eleven Resources Corp. V.ZNG

RE:New Press Release - Group Eleven Drills 6.2m of 312 g/t Ag and 0.95% Cu, incl. 2.8m of 549 g/t Ag and 1.77% Cu in a 90m Step-Out, Further Supporting Deeper Cu-Ag Target at Ballywire

[harleyonvacatio]

The next 10 days 

Eyes on precioius metals market now - Ratio at 79 - 1 

London - non existent inventories

Shanghai is considering stopping all Precious metals export to London

The supply is dwindling so much that the cost to keep it on reserve is outrageous. London has no more silver on reserve. They can't cover the shorts. 

 

They are quoting spot prices (OTC) and Futures prices and there is about a $3 difference in the two. This has never happened before. Then there is the 3rd price - Physical Price…which will become much much higher - he who holds physical controls the inventory - buyer demand - volume to sell & ultimate price….!
 

There is a rush to physical silver right now, creating a macro environment. Structurally, the market is broken. There is zero liquidity right now.  

Tarek Saab, CEO of Texas Precious Metals. 

 

There is enormous immediate demand and low supply. There is so much panic on the tariff decision on Oct. 19th. So they are trying to sell as much inventory as they can until the lease rate comes down. Tomorrow being a bank holiday is compounding the problem. There will be a structural deficit in the retail metals market. The shorting will decline massively. 

 

Even the refineries are not producing, they are only taking on demand orders. 

GLTA