(bringing over from Festival)
~~~~~~~~~~~~
Big squeeze happening in silver right now.
Wall Street has written futures contracts committing to deliver over 150x the total tonnage of physical available in the world. China which possesses 60% of the world’s silver refining capacity has just frozen exports (effective 1/1/2026).
This has the potential to be a far greater black-swan event than the LTCM event, the Russian bond default or the Lehman collapse that have led to modern financial crashes.
The difference is that the Fed and other CBs cannot print physical silver, so the safety net doesn’t exist.
The Bretton Woods unipolar sovereignty of the US Dollar is at risk (though not immediately), with huge albeit unpredictable consequences.
Some think that the U.S. involvement in Venezuela is actually Trump’s move to reassert US dominance of the natural resources of the Western hemisphere, especially metals and rare earths, in preparation for the inevitable geopolitical conflict (with China and BRICS) around metals and commodities over the next few years.
Greenland would be part of this too.
The atomic number of silver (AG) is 47.
And, Melania wearing silver last night (I think)...
+++!!!??
Hecla did lose a monster silver project down there...
https://freerepublic.com/focus/f-news/4359974/posts
Silver Price in Tokyo hits $130 per ounce.
TOKYO PRICE, WALL STREET LIE
"In Tokyo shops and Japanese bullion counters, you are not buying silver in the 70s; you are paying the equivalent of $120–130 an ounce because that is what it costs to replace inventory once you factor in tight wholesale supply, shipping, insurance, currency chaos, and the growing sense that the next shipment might not show up on time, or at all. Kuwait tells the same story in a different language: retail bars priced around $100+ an ounce are not a fat merchant’s greed; they are the market’s answer to a simple question—what will it really take to pry physical metal out of the pipeline in a world where everyone suddenly wants the same scarce asset at the same time."