COMEX Platinum Dec. delivery Imbalances-about to be "nickled?"-squeezed plus SLV ownership update-Spreading those liabilities amongst moar TBTF banks-and some thoughts on Elon Musk and Silver
First with Platinum
There is a pretty big imbalance right now with 4 days to go with COMEX platinum there are about 23K contracts still 'open' and only 2600ozs available for delivery so some major payoffs are going to have to occur here or someone is gonna have to "find" a shit ton of it before the end of the month-setting itself up to be 'Nickled' ala the short squeeze earlier this year. Quite a few settled yesterday-approx 5.6k however the dynamic still exists that over just under 10x the amounts of contracts exist for December delivery that is 'available' for it…..keep your eye on that. The data you see (at links below) does not reflect what has happened today yet..but will be later this evening (the imbalances spoken of). See video in links below
https://www.cmegroup.com/markets/metals/precious/platinum.volume.options.html#optionProductId=458
https://www.cmegroup.com/trading/metals/precious/platinum-and-palladium.html
SLV update
This subject covered extensively before so please see links below for the background on it.
Largest holder now is UBS Group @ 25m shares (Sept 2022) in an increase of 4% however there are new positions in it by Bank of America and Shitigroup (the big bois had to go long earlier in the year) and that is showing up in the backward looking data. Toronto-Dominion Bank 66%, Bank of America Corporation 100%, Shitigroup 100%, JP Morgan up 1137% Chase (June '22-they don't want to or have not reported for Q3) & Co Royal Bank of Canada up 100%.
JP Morgan, Bank of America and Shitgroup are the three largest maipulators in the OTC derivatives markets and are now, in Bank of America and Shitbanks case-in SLV hard (for it) with new positions (again this is backward looking and current as of Sept 2022) It is important to note that Bank of America did not even have a metals trading desk prior to 2021 when the JP Morgan swaps (what it had in Phyzz Ag-which was just after it had it's record fine for manipulation levied by the D.O.J and no the SEC-imagine that- Human POS Gary Gensler dismissed three different manipulation investigations into it and runs cover for the system-see links below for moar)) were initiated and they became the single largest OTC holder in Silver derivatives on short term leases-those all expired THIS year however the OTC changed the reporting structure starting in Q1 2022 (see links below for what happened earlier this year on that)
Gold was returned to the metals 'basket'-from FOREX so it became difficult to see what they were doing with those as they expired. Someone took delivery of it…..Moar on that with Elon Musk and mebby Warren Buffet (less inclined to believe this one but it is possible since he ditched all of his other bank stocks and went large into BofA…so why would he have done that-again see links below.
2021 and 2022 major buyer and seller Private Advisor Grp -98%, Credit Suisse -72% and also Kenny boi @ Citadel Advisors -19% (Jun 2022). Bank Of Montreal (who is the lone holdout of the remainder of COMEX deliveries for December-and they appear to NOT have it as you wouldn't go through 3 weeks of paying interest AND storage fee's for the delivery month if you did) -92%, 'Moran' Stanley -11%
They obviously are doing this to protect against the consistent drain on the COMEX (exchange) and the LBMA (not an exchange and where all the ETF metal is 'stored'-this is a gigantic joke in the metals community and has been for decades-ever since that was created in 1987) however, as you can see in the amounts listed in the link (SLV positions) it is still a very small market as these positions do not even make it into the top 10 (for the Big Whales) so all it takes is a bigger 'fish' to get into this and it's "lights out"-not to mention the story being told by the fake inventories (for many years) on both of those is about to be over very soon-so to put it another way..theY have been able to kick down the road for about 200 years however since the FED can't do shit about deflation… that can (and in many other ways too) is about to show up and they will be 'meeting it' VERY soon-unless they come up with yet another way to rig the price that does not include these two places-also don't rule out them "resupplying" both either since they are fake to begin with.
https://stockzoa.com/ticker/slv/
Links
These are pb and off QR links you to OG posts in QRB
>>>/qrb/131558 O.C.C Quarterly Derivatives Report Q4 2021-March25th, 2022
>>>/qrb/132204, >>>qrb/132278 New-look CFTC hails diversity after four commissioners confirmed-and will continue to do nuffin-compliance wise and backgrounds of the confirmed appts SSDD-all appointed by Rostum Benham
>>>/qrb/133184, >>>/qrb/133185 Silver & Gold Secrets of the New Monetary System y/t and anon background/input
>>>/qrb/133280, >>>/qrb/133281 OCC Authority for Exemptions to Suspicious Activity Report Requirements: Final Rule
>>>/qrb/135209 Private Advisors Group sold $1.2B in SLV-Q1 2022-after buying roughly same amount in Q4 2021
>>>/qrb/135774 Silver 'trading' on COMEX for May 23rd, 2022-45,843 contracts-38% of total amount for day done in one minute
>>>/qrb/136105, >>>/qrb/136107, >>>/qrb136109 CFTC Orders Glencore to Pay $1.186 Billion for Manipulation and Corruption Glencore co-founder Marc Rich/James Comey Clinton Foundation and Market Rigger Virtu Financial all connected
>>>/qrb/140198 Addendum to the Precious Metals Derivatives Report put out last night-All Precious Metals included in overall #s now as of 0122-Gold was classified as FOREX up until 0122
>>>/qrb/141049 JPMorgan Chase and Citibank Hold 90 Percent of All Gold and Other Precious Metals Derivatives Held by All U.S. Banks-A QRB 'exclusive' from last week
>>>/qrb/141115 Moar on Silver and it's Q2 close-on manipulation and what they did from Q1 end-Q2 close with some rough calculations on those 'results' Silver down $4.52 per oz over 3 months
>>>/qrb/141346, >>>/qrb/>>141240 Berkshire Hathaway buys 9.9 mln more Occidental shares, has 17.4% stake plus some thoughts on Warren Buffet/Bank of America and those short-term Silver leases that Bank of America has with JP Morgan-Buffet own a large chunk of BofA some speculation
>>>/qrb/142460, >>>/qrb/142478 US Mint fuggery: Washington turns his back on "In God We Trust" US Mint silver and big quality control problems "issues" it's a disgrace it used to be among the finest in the world-it's run by a Human Resources Director now
>>>/qrb/142481 How the US Mint "could" easily solve it's Silver planchete problem-but it would expose the COMEX-CME Group-LMBA-CFTC
>>>/qrb/142819 COMEX silver "trading" for 4 days 983.585m/ozs at an avg price of $18.80/oz is:$18,491,398,000- in 4 days they have traded over the equivalent of all the Silver mined in one year (2021)
>>>/qrb/143840, >>>/qrb/143848 The 'Silver Whale' Story: What is it attempting to address IF it is true
>>>/qrb/146329 The Convicted Criminals of JP Morgan-As totally expected this ended up pinning the entire metals manipulation on the traders involved in this 'trial' (it wasn't settled as per usual)-article written yesterday that neatly sums up a lot of what has been posted on this subject in here already
>>>/qrb/147380, >>>/qrb/147384, >>>/qrb/147386, >>>/qrb/147413 Congressman Criticizes U.S. Mint’s Management of Silver American Eagle Program, Demands Answers-some past digz and information pertaining to this whole 'show'
>>>/qrb/148613 SLV iShares Short interest (record level) and COMEX/LBMA Vault Holdings-draining rapidly
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I've also stated and asked the question numerous times exactly where Elon Musk (in addition to all the 'Green New Deal' spending requirements and bullshit in the new "bill") is going to be getting his Silver he needs for Tesla and Space X?
We also have news on him following Wall St. Silver as well-not the most accurate place imo-they get some things right and wrong but him following that (whether you like him or not-I don't and never have) THAT is not insignificant.
I will give Wall St Ag credit for raising the overall awareness of this issue that has been going on (price suppression and manipulation for about 200 years-covered extensively on QR and QRB-see Links-with real data and analysis not pre-written MSM "stories"-know these mkts very well) but they did NOT cause Silver Squeeze much as they like to think they did-that was purely a paper (COMEX manip. via CFTC-Rostum Behnam and his crooked regulators) and phyzz supply driven event-and here is where Wall St Ag had SOME influence but it wasn't as they represent it at all-totally laughable that they tried to present it that way. As mentioned they did raise awareness to the normies but make no mistake…NO ONE influences (outside of COMEX) and has ANY control of the Spot Price of this commodity that is purely driven by the contract trading via the 5000/oz contracts that determine it's published Spot Price…that is changing however but was not the case until well after 2021 squeeze began-you can see that reflected in premiums since that time. Also in the draining of the COMEX and LBMA vault amounts..those are fake too.
Also speculated that EM may be on the other side of those JP Morgan/Bank of America swaps (at least some of it) that 1.2B oz deal short-term or less than one year done during calendar year 2021 and announced about one year ago-those are all expired as of end of December as they were placed on during 2021.
Tesla having some YE issues so out come the discounts…the entire auto-industry is D-E-D and if you are looking for "your car"-dream car, old or new, have a little patience..let it come to you…guaranteed it will, especially the cars that became 'investments' via the collector car mkt-they are all in total denial and the smart ones started selling earlier this year
Tesla Doubles Discounts on Model 3 and Model Y Vehicles
https://www.wsj.com/articles/tesla-doubles-discounts-on-model-3-model-y-vehicles-11671715997
from Dec. 20th
Elon Musk begins to follow Wall Street Silver (Twitter)
https://silverseek.com/article/elon-musk-begins-follow-wall-street-silver-twitter
from April 26th, 2022
Following Twitter, Elon Musk May Next Want to Acquire Silver
https://www.moneymetals.com/news/2022/04/26/following-twitter-elon-musk-may-next-want-to-acquire-silver-002519
from Dec 7th
Elon Musk set to buy his own silver mine in bid to 'solve biggest weakness', pal says
https://www.dailystar.co.uk/news/weird-news/elon-musk-set-buy-silver-28674843
from today
Rafi Farber: Is Elon Musk Becoming a Silver Stacker? the Platinum information charts
https://www.youtube.com/watch?v=7YjJXPFaEDc
Haz his own channel on YT in addition to pieces at Arcadia Eco channel (it's ok…they get a lot wrong with metals at least some of it's guests are completely clueless) with it worth the time and a great sense of fin. humor (something very lacking in most fin information/presentations and something I try to bring to it too) as well
Remember to always try to read between the lines of ANY MSM stories on Silver-they hardly mention it and when they do it's usually not very good or they try to get you convinced a top or bottom is in…the last time it was mentioned as a stand alone story on BBerg they "called the bottom" then it shed an additional $5…
>>>/qrb/145076 Worst-Performing Precious Metal Silver May Have Seen Bottom-So here is yer clue that Ag is gonna get absolutely monkey-hammered on Weds (or very soon)..they NEVER write about just Silver
18006099 edited for dups
totally agree
looking forward to the "new" stories that they are gonna have to tell since all of that is blow'd/ing up
please make this change
>>18006065, >>18006079, >>18006099 Marketfag: COMEX Platinum Dec. delivery Imbalances SLV ETF Update and Elon Musk & Silver
in place of this dups of >18006065 and >>18006065, >>18006065, >>18006099 Marketfag
That has dups of first post and above adds moar description
thank you
>summarize
A shit ton of paper contracts-in all commodity markets (created out of thin air) chasing a very small amount of physical supply-been that way for decades.
The platinum has 23k paper contracts chasing 2600oz (not nearly enough) of physical to deliver and there are 4 days left.
The same dynamic exists in literally all of the Stock (Equity), FOREX/Crypto, Bond markets.
The paper-based financial market is running on fumes and the FED will pivot (lower rates either be decree or by some 'crisis' they also create-probably involving Credit Suisse and fairly soon) and then the BOOM habbens in the paper-based derivatives markets (OTC)
You'll have deflation and then hyperinflation-not necessarily in that order-it depends on how the FED deals with the pivot-cause they will..that is only a matter of time.
Derivatives is what gives the illusion that the petro $ is still alive.
It ded'd in late 90's as that (derivs) ramped up in front of the petro$s death-they won't tell you that though so they call it that still but it ain't that no 'mo and hasn't been since then-the derivatives is all that gives that magic of it going
BRICS nations know this and as soon as SA does bigger deals in anything other than $s (the recent Chinese/SA one is just the start) say buh bye
ain't wrong
The misnomer is that gold will destroy the FED (certainly the games played with it will-leases, loans, what is/isn't in Ft Knox etc and it;s still values at $42.22 on the Treasury/FED-via certificates at Treas. books so they may even try to revalue that upwards since they own most of it now so they can implement the CBDC but it's a losing game in the long run)
The real bank killer is Ag and always has been'
night all