>>23924926
GOLD DESK TRADERS LOL
shes gonna blow
Is a Billionaire Attempting to CORNER the SILVER MARKET!?!
Rumors are swirling around the market that a #COMEX AP is standing for delivery of 12,400 metric tonnes of #silver by the end of December.
To put this number in perspective, TOTAL COMEX Registered silver inventories are 4,301 metric tonnes.
#Shanghai currently has approximately 1,275 metric tonnes in #SHFE & #SGE vaults COMBINED!
The #LBMA has only ~ 4,821 metric tonnes (155 million troy ounces) of Free Float Silver (silver available for delivery that isn't already contractually spoken for).
If an AP has indeed stood for delivery of 12,400 metric tonnes of silver, ALL of the available silver inventory in COMEX, LBMA, SGE, & SHFE COMBINED would still fall 2,000 metric tonnes short of this level!
If these rumors are substantiated, we could be looking at The Hunt Brothers # 2.0, as there would LITERALLY BE NO WAY for the bullion banks short hundreds of millions of oz of silver to come up with 12,400 metric tonnes of silver to meet the delivery demand.
Fungible Facts
@NCSteveCB
3h
On the surface, that doesn't make a lot of sense if they want the silver.
It does, however, make a lot of sense if they want to blow up the COMEX/LBMA monopoly on paper-derived price discovery.
If they want silver, they would stand for a portion of what
https://x.com/NCSteveCB/status/1995301892704891256#m