Ann: Apollo Drilling Following Silver Intersection, page-812

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06/09/22

10:46

Post #: 63538537
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Originally posted by Silvgolcoholic: ↑

Matthew Piepenburg wrote this yesterday
A COMEX in Transition
You also may have overlooked that those fat foxes over at theBIS recently unwound90%of their gold swaps (from 500 to 50 tons)at precisely the same pace that JP Morgan and Citibank (which hold/control 90% of the US commercial banking gold derivatives) just expanded the notional value of their gold derivatives by520% (!).
Anyone and everyone in the precious metals markets knows that thenotionalvalue of those contracts over-shoots the actual supply of the physical metal by 99%.
The COMEX is a nothing more than a legalized fairytale (fraud) whose non-fictional pains (and gold surges) are inevitable.
In the meantime, however, many players in the COMEX markets (the precious metal exchange in NY) are now (and increasingly) looking to take delivery of real rather than paper gold.
Why?
Because they see the writing on the wall.
Gold is amonetarymetal not apapercard trick. The COMEX players want to get as much physical metal as they can before false idols like Powel and the global EM currents flowing East take down the USD’s post-Bretton Woods power.
When/as that happens, gold does what it always does when nations tank: It rises.
And you can be sure that JP Morgan and Citi will keep thepapergold price low until they have enough of the physical gold in hand when gold rips and the USD sinks.

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Yes, I had picked that up via Robert Lambourne, it seems that very few investors understand the consequences of what this means. Martin Armstrong expecting something very big in September that has been my scenario for some weeks. It is geopolitical from his point of view.

IVR Price at posting: 4.2¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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