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Posted on 01/17/2025 4:16:40 PM PST by delta7
The monetary metals pulled back sharply yesterday but have entered Tuesday on stable footing. Silver is trading at $29.90 –and gold is $2,674.
The ongoing volatility is a reflection of uncertainty in the gold and silver markets globally, including fears of import tariffs from the incoming Trump administration.
If Trump slaps a tariff of, say, 10% on precious metals coming into the U.S., that would have a huge impact. 10% on silver would amount to $3 per ounce!
As a result of this worry, the price of gold and silver – as traded on the New York futures market – has risen sharply above the prices for the same metals seen simultaneously in other markets across the globe.
In silver, for example, the spread between London spot and New York futures has recently reached as high as $1 per ounce!
This spread has also created a big incentive for parties all over the world to get their gold and silver into the U.S. before any tariffs are imposed.
Traders are buying metal in London, simultaneously selling in the NY futures market (and pocketing a tidy profit), withdrawing the metal from London vaults, and transporting the metal to the U.S. to deliver onto the exchange to close out the futures position.
Hot
This dynamic is having the effect of draining London vaults of gold and silver at an unusually fast rate –and at some point, these lower levels of vaulted metal in London could create price dislocations in that major market too.
Those who have short positions in the New York market are in the process of getting squeezed, especially if they are having trouble getting their hands on physical metal to deliver into their short positions. Or get it into the right form.
This situation could lead to big price swings and even a major short squeeze event in gold and/or silver, so you can be confident we'll keep our customers updated at MoneyMetals.com.
Note: Blackrock, largest holders of Silver, were reported to have had emergency meetings with the LBMA in London- Fink was present.
I am confused. Just a few days ago you were advising going 100% USD?
Are you now advising buying gold?
Make sellers of paper silver (and gold) prove they have the bullion to back up the paper. They do not.
If not, shut them down.
Make the treasury and the Fed publically audit their gold holdings and prove they have what they claim. They do not.
The emperor has no clothing.
Taking delivery of those gold futures must be a lot more fun than taking delivery of your cattle futures.
Hi-Yo Silver, Away!!!
“Make sellers of paper silver (and gold) prove they have the bullion to back up the paper.”
that will happen right after the transparent audit of Ft Knox
It states IN THE FUTURES CONTRACT that in unusual market conditions the COMEX can demand a cash settlement, so “demanding” PMs simply can’t happen. The Hunt brothers taught us two things: 1) the COMEX and the dealers there are incorrigibly corrupt and 2) the COMEX and the dealers will never let a short squeeze like that happen again.
The markets may collapse due to widespread loss of confidence (I believe they will) and pm longs may win big, but the longs who win will be the ones with the metal IN THEIR HANDS. The paper market is hopelessly corrupt and it is like playing poker with dishonest mafia dons who are all armed. No way you will win.
Sigh.
The oft-suspended gasbag is back.
IATG.
The oft-suspended gasbag is back.
IATG.
————
It is obvious that this Texasgator and side kick Moneyback are very, very bitter over Armstrong. Loss of money or something.
In any case, their Armstrong hit replies add much to his visibility. Armstrong and his AI super computer Socrates is becoming very popular, he has had a record amount of interviews in 2024 due to his ECM and Socrates super computer.
I will continue to post his relevant news.
If YOU would like to be on a Gold & Silver PING LIST, please pm me.
The Gold & Silver Ping List covers the following:
Everything Gold & Silver
Stock market investments in mining companies,
etc.
As long as the price doesn’t get too crazy, I’m planning on purchasing one (1 oz) American Gold Eagle every other month for 6 oz total in 2025. Then fill in the gaps with 15 oz silver for about 160 oz of that stuff. First Eagle for the year will be the end of next week.
Armstrong and his AI super computer Socrates is becoming very popular, he has had a record amount of interviews in 2024 due to his ECM and Socrates super computer.Marty, glad you mention this. I collected some feedback from the latest of his interviews:
Thank you for posting this Bio of Armstrong. He truly is a snake 🐍 and showed up drunk for an interview with Greg Hunter about a year ago. I posted an inquiry in the Rumble chat to Greg and what did HE DO? He silenced me from ever posting on his Rumble channel. Armstrong does NOT have a FLIPPIN CLUE of what is going on and he spreads fear-mongering mania every chance he gets.Your echo chambers LOL!
Good to see you following him, many more are each day, you will learn a thing or two. Success!
Fascinating...
Thanks
𝙩𝙝𝙖𝙩 𝙬𝙞𝙡𝙡 𝙝𝙖𝙥𝙥𝙚𝙣 𝙧𝙞𝙜𝙝𝙩 𝙖𝙛𝙩𝙚𝙧 𝙩𝙝𝙚 𝙩𝙧𝙖𝙣𝙨𝙥𝙖𝙧𝙚𝙣𝙩 𝙖𝙪𝙙𝙞𝙩 𝙤𝙛 𝙁𝙩 𝙆𝙣𝙤𝙭
Yep. ha ha ha
I am confused. Just a few days ago we were rid of your trolling.
Are you once again refusing to flush?
IATG
Let me help you, yet another Armstrong interview, third in a week. You may learn something, or two….many are.
Interview: Bonds, USD, Gold Trends, and Decline of Global GDP into 2028
Old news. Jan 14. 4 days old. Your blog site is dead. Try to reboot your super computer.
Let me help you. You can go to. http://gata.org/ for all the current PM news.
You can go here for all of Armstrong’s free articles, ECM’s, and cycles. Enjoy!
https://www.armstrongeconomics.com/blog/
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