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Posted on 12/14/2025 1:48:28 PM PST by delta7
Dear Friend of GATA and Gold:
The hours-long suspension of CME Group's global futures trading platform on November 28 was not prompted by a cooling failure at a data center, as officially maintained, but by huge silver purchase orders from Chinese buyers, London metals trader Andrew Maguire tells this week's edition of Kinesis Money's "Live from the Vault" program.
The Chinese orders, Maguire says, broke the silver price suppression scheme and required official intervention to avoid a declaration of force majeure on the New York Commodities Exchange and an explosion of metals derivatives internationally, an outcome no one in authority wanted.
Meanwhile, Maguire says, the BRICS countries are close to activating a gold- and commodity-backed trading currency that will steadily increase demand for physical gold.
According to Maguire, China now has taken control of the physical gold and silver markets and is using Western futures markets to drain what metal remains in the West.
The program is 49 minutes long and can be viewed at YouTube here:
https://www.youtube.com/watch?v=yRtQjoeIqL8
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Click here: to donate by Credit Card Or here: to donate by PayPal Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794 Thank you very much and God bless you. |
reviewing....
It was pretty fanciful that a cooling outage at CME affected silver trading and silver trading only. It was obvious it was a deliberate manipulation of the market.
I thought it took out all trading, however, it sure is interesting this happened when silver was taking out all-time highs.
I think the Chinese Communist Party’s plan is not going to work ,LOL
The Chinese Government will do what they Hunt Brothers could not - corner the silver market.
May do it...
It just seems like this is all a scam. Now if we were talking about gold, maybe.
Amen.
“It was pretty fanciful that a cooling outage at CME affected silver trading and silver trading only. It was obvious it was a deliberate manipulation of the market.”
I disagree, someone just flipped a circuit breaker to stop a meltdown.
No real harm done, but if everything collapsed there would have been
China has economic problems far worse than us. Propping up their currency with a Gold link probably isn’t going to help.
You reap what you sow.
The collapse will be the fault of the manipulators, and they deserve what they're going to get.
Silver is way, way undervalued. That does not mean it is a good investment because tptb have incentive to crush its price.
It’s natural ratio to gold is 15 or 20 to 1 but silver gets consumed by industry whereas gold does not.
I do not disagree, and I believe they will still get it.
I am saying I would have pulled the breaker myself if I were managing that datacenter.
I did the same thing along time ago when I was hit with the “code red” IIS virus and understood the implications.
When they did this to antimony last year the price tripled (13,000 a ton to 40,000 a ton) So that should take silver up to about 200, hopefully. That would be silvers all time high adjusted for inflation They are the 2nd largest producer of silver. Antimony btw is back on the restriction list again on same date.
< AI Overview The U.S. imports significant amounts of antimony, using over 50 million pounds annually, with about 90% of its supply coming from imports, primarily from China.
Place no bets on that information.
This is the worst kept secret, and no one believes their cooling issue fiction.
Silver is a valuable commodity since early man. Now it is used more and more in manufacturing in addition as being a source of wealth.
The amount of silver available has been decreasing for years now, while the indexes play games with paper silver. Their day is coming soon and if you have real silver, you will do well.
Are you saying that because you believe that there was actually a cooling issue?
If so, I understand and agree (to an extent). If there was an actual cooling issue, I would pull the plug as well. I once worked for a small MSP that had just moved in to a new office and data center.
We hadn't yet properly ensured redundancy in the cooling system, and when the temp in the D.C. started climbing, one of our guys ran through the aisles unplugging servers.
He was a hero.
But here's the problem: I don't believe that there actually was a cooling issue. This was an established data center, not some small startup like I used to work for.
I think they pulled the plug to protect the financial interests of those who were losing in the market, so that they could negotiate with China.
That is not an ethical reason to pull the plug(s).
“China has economic problems far worse than us. Propping up their currency with a Gold link probably isn’t going to help.”
Another post where you have changed positions. The new Socrates is working?
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