Silver Squeeze: How Big Banks Are Covering Shorts in China 🇨🇳 | Andy Schectman
HTML-код
- Опубликовано: 4 июл 2024
- Andy Schectman of Miles Franklin returns to Soar Financially to discuss the latest developments in the gold and silver markets. What is the connection between the big banks and the Chinese silver market? What are the new rules in precious metals trading? The markets are changing quickly, stay up to date!
Guest: Andy Schectman, President
Company: Miles Franklin
📺 @MilesFranklinCo
𝕏 @MilesFranklinCo
Recording date: June 5th, 2024
---------------------
📆 Save the Date 📆
DEUTSCHE GOLDMESSE 🪙
November 21 & 22, 2024 in Frankfurt, Germany
www.deutschegoldmesse.com
Register today.
---------------------
Chapters & Timestamps:
00:00 - Introduction
00:48 - Opening Remarks
02:34 - Discussion on Monetary and Fiscal Policy
05:00 - Federal Reserve and Rate Cuts
09:08 - Global Economic Indicators
11:00 - Central Banks and Gold Accumulation
14:06 - Geopolitical Tensions
17:00 - The Role of BRICs Nations
21:30 - Big Banks Covering Their Silver Shorts in China: Gold Market Dynamics
29:00 - Big Banks Covering Their Silver Shorts in China: Silver Market Analysis
33:14 - Big Banks Covering Their Silver Shorts in China: Supply and Demand Fundamentals of Silver
38:00 - Conspiracy Theories and Market Realities
43:23 - Closing Remarks
46:00 - Contact Information and Final Thoughts
►► Follow Us! ◄◄
Twitter: / soarfinancial
Website: www.soarfinancial.com/
*Disclaimer:*
Some of the links presented might be affiliate links. We might receive a commission if a purchase is made using those links!
Unless specifically disclosed, all information available on Soar Financial and its affiliates or partners should be considered as non-commercial in nature. None of the content produced by Soar Financial should be considered an endorsement, offer or recommendation to buy or sell securities. Soar Financial is not registered with any financial or securities regulatory authority in Canada, the US, Europe, or the UK, and does not provide, nor claim to provide, investment advice or recommendations to any consumer of the content that Soar Financial produces and publicizes. Always do your own due diligence and/or consult a qualified legal, tax, or investment professional if personal advice is deemed necessary.
Soar Financial and its related companies (including its directors, employees, and representatives) or a connected person may hold equity positions in securities detailed in communications. When this occurs a disclosure will be made. Disclosures on social media will be made using the hashtag #coi (short for conflict of interest).
Soar Financial, its affiliates, and their respective directors, officers, employees, or agents expressly disclaim any liability for losses or damages, whether direct, indirect, special, or consequential, or other consequences, howsoever caused, arising out of any use or reproduction of this site or any decision made or action taken in reliance upon the produced content of Soar Financial, whether authorized or not. By accessing Soar Financial’s content, each consumer of Soar Financial content releases Soar Financial, its affiliates, and their respective officers, directors, agents, and employees from all claims and proceedings for such losses, damages, or consequences.
At present, the most prudent consideration for everyone should be diversifying their income sources, ones not reliant on government support, particularly given the ongoing global economic challenges. This remains an opportune moment to explore investments in assets like gold, silver, digital currencies such as Bitcoin, Ethereum, and XRP, thanks to Flora Legziel for her guidance in these fields her proficiency is outstanding
I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this
It's unexpected to come across her name here. She understands every beginner’s intention and fix you to a trading course that matches your capacity, she knows her stuff! Her advice has been invaluable to my trading journey. Definitely worth giving a shot!
It is really refreshing to see a comment about Flora. I have worked with her also for months now, reached out after reading more about her on the internet. she simplifies matters, whether it's a market surge or drop; her approach consistently keeps you ahead of the trend, She's a guru i'll say
Investing has proven to be an incredibly beneficial decision. My cryptocurrency profits continue to play a substantial role in growing my overall wealth, reducing my reliance on my salary
Nice to see this here, Flora Legziel's understanding of market indicators is impressive. She knows exactly when to enter and exit trades for maximum profit. her siignals are top notch
Andy, you are so brilliant!
I agree with everything you said here especially what you said about hypocrisy of the US.
Many people in the global south cannot wait to see the day when the US dollar is no more the reserve currency.
This isnt a Silver Bull run. We are living through a Silver price reset and it hasnt even started yet. You want to change the World for the better, buy and hold silver.
There are enough Chinese to cause a silver bull run by themselves.
not to mention India, with a long standing historical love of silver . . .
Silver is such a smaller market than gold that their populations interest have the opportunity to drive silver higher like a rocketship. Then other countries populations interest would be a 2nd,3rd anx 4th booster to that rocket . And then stackers will be competing for oceanfront properties!!!
😊
Or lessen the paper leverage from 200-400 paper oz per physical oz... Same amount of buyers but derivatives leveraged only 10x....that would send silver lot higher and get it closer to true value
Ding Ding! I think you're right
One day Andy will call me "brother" and I will know I've made it in life.
Hahahaha....jokes
Oh brother don't leave me behind!!!!! LOL
What does that mean?
@@owebeejaun it means I've always wanted a sibling.
I think the word "brother" is overused to reflect relationships that are manufactured. I've had three brothers. One is dead. I now have two brothers. ... I don't even like it when church friends call me "brother".
Guys, does it make any sense that now it's India's turn to buy gold? China backs off, then the next BRICKS country BUYS... This keeps the prices lower and reduces panic buying. I really think this is happening.
India is after silver not gold
@@J.Smith-rc6wh You didn't listen, again I expect.
India likes gold also, just repatriated 100 million from england.
I like this theory.
You are correct 👍. I just finished listening to Professor Vince Lanzi explain that!
The big Western Banks aren't showing up in Shanghai to see panda bears!
I am thankful for you both , Andy is spot on , so grateful for you both❤
Andy is spot on.
Andy has great indepth clarity and knowledge as to what is happenig with the silver and gold movemets. Love this.
Gold and silver going skyrocket 🚀 🚀 now 2024-2025 💯 👍
Yet the price is suppressed every day!
1.3% GDP with the real inflation rate equals a negative GDP of 8-10%
I think it’s higher remember it’s compounded
I think inflation is over 20%
Andy has a vast reservoir of knowledge on precious metals and especially silver. The only problem is that earlier he was into giving astronomical targets for silver which kind of undermined his status and brought him down to the level of Ron (basement guy). Andy should continue to explain the scenario with statistics and refrain from speculation on future prices.
In my humble opinion... There remains only ONE trajectory for silver and that is up.... The need for it is growing greater with regards to the technological industrial revolution that is literally around the corner. Silver will at least double and remain there or slowly go higher inch by inch. It will never see past prices again!!!
padt performance does not support thst assertion. The powers that be are still firmly in control of this bogus corrupt commodity. I recommend anyone considering silver, move onto another investment idea. It is not worth the aggravation.
@@danzwiren1492 wrong, the rubberband is wound is tight as they can get it ... the naked shorts and the ability to finance the shorts all comes tumbling down on any type of economic setback.
They HAVE to raise rates to continue to finance the manipulation, listen to Jamie Dimon talk.
In an everything market crash as long as there is still a PM paper market PM prices can fall further than you think. Just like it did in 2020. But it will rebound quickly.
Lol - but it's going lower.
@@danzwiren1492that’s what people said at 4$ silver…And ten dollar silver….. watch and learn
Thank you gentlemen
Watching the crypto market's ups and downs shows how quickly things can change. In crypto, strategic, informed trading isn't a choice; it's a must. Remember, caution is as crucial as ambition here. This dedication to continuous learning is inspiring...managed to grow a nest egg of around 1.2Biitcoin to a decent 11.4Biitcoin... I'm especially grateful to Kerrie Farrell, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape...
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience..
The fact that i got to learn and earn from her program is everything to me think about it, it's a win win for both ways...
On the grand scheme of things, once you understand the potential of trad!ng, you can bet on it but I think people need the education to fully understand...
I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this..
This is exactly what Big time investors are talking about, not just you. key thing here is to always trades with a good strategy even if the price goes up or down...
Today the difference in price between bullion silver and silver coins (90%) are say X dollars.
Say silver price jumps big time, will the price of bullion and the price of silver coins ever meet or will silver coins always be worth more ?
Well the coin of the realm will always be recognized by people within each country more so than generic bullion.
MIlitary use of silver is half of all silver demand. When those missiles explode, the silver vanish and is gone forever!
內行又靈通！
$30 SILVER WAS A NICE PLATITUDE, BUT WAIT TILL YOU SEE $125 SILVER, AND THAT WOULD JUST BE A PAUSE BEFORE IT GOES TO MACH GOLD PRICES.
That would be life changing for many of us
Question: What does Andy think might the future of his business be?
There is a lot of fiat and way less pm. So prices will go to unaffordium for the many. I imagine these shops/storages will become "Sparkassen" / saving banks. Gregor from Sibu/Sh mentioned he wants the storage business more than the bullion business.
I have a Question, China need cheap silver for her industry too, they can short silver too?
The difference is that for industry you actually have to stand for delivery and take actual metal. So they can short it all they want but the exchange swill keep getting drawn down until there is none left or prices go a lot higher and new supply comes in.
Correct, and considering potential upcoming conflicts real value of silver has not yet materialized yet due to shorts. However, could a major lost on their end lead to a massive short? 🤔🧐
when do fund managers rebalance their portfolios thinking of the miners. Pre August or Autumn ?
When gold and silver brake new highs the miners will follow , no one knows for sure
You are absolutely right we do think America does meddle in things it shouldn't you over stepped along time ago
Great guest ! 👍
Thanks!
Thank you! That is extremely kind.
Kai :
Been a follower and subscriber for a long time ; thanks for your informative insight and interviews .
PLEASE give us , who have taken the leap of faith , and emptied out OUR 401’s after age 59 1/2 in the US , and opened a self directed IRA , some help please .
You invited us to ask Andy questions when you see him .
I am requesting you ask Andy for his thoughts on an
“ exit strategy “ for those of us in our 60’s who did this strategy to go all in on , say , silver bullion such as Maples or Eagles and have them stored in an approved depository . I would really appreciate getting any insights .
Thanks in advance for asking him on our behalf , as some of us seniors have THIS strategy as are one & only poker chip for retirement .
( no hate comments please )
Asking Kai .
Peace ☮️
For sure - thanks for asking. I will ask Andy in Boca Raton.
@@SoarFinancially
I SO appreciate you sir !
we are not in a goldilocks situation, the lag on most of these big moving parts is just longer than most people realise
Great interview you had with Michelle on kitco ,I think your 100% correct Andy ,let’s hope this NEW system is in place and cool head prevail until then ,much Respect Mate 👍🇦🇺🚀
June 5th? It's June 11th now.
Thanks for the great content once again soar financial great guest Andy shackman is a Legend God bless you both
Silver, so how do retail buy silver through pensions if its got 16 paper owners per ounce?
I appreciate the notion that there is no counterparty risk with physical gold and silver... but in a way, there actually is. How are you certain the physical metals you are buying a legit, not fakes?
Again, a great conversation from you both. Andy, I totally agree with your comments, particularly ularl6 those relating to the absurd and predictable consequences of MMT, and the current (and underacknowlexged by the west) implications of cou tries stockpiling gold and now silver by the many, many tonnes for DECADES.. I look forward to your next conversation.
What can we do as individuals to help improve the economy?
Will solar panels go up in price then
Most are made in China with I think 50% tarriff so yaaa
I like it when things are made simple
I find your discussion with Andy extremely helpful and very informative. I am very interested in investing in gold and silver. I never considered investing in gold and used the stock market but he has opened my eyes to a new opportunity. Can you ask if he would recommend graded or ungraded gold and silver coins. I would like to take advantage of the present drop in price
Your cooperation with be very much appreciated, thank you.
William
In my opinion, your not looking for numismatic value, but gold and silver of your country's realm. (Coins with these metals included) Smaller denominations needed as a back up to a worst case scenario. Some say gold dated 1933 and earlier- for gold in the US. Hope this helps.
Andy for President
I like Andy
Everyone give Kai a thumbs up and leave a comment to give his videos more exposure! Great content!
Nice work, gents. Would be good if you guys can talk about Bitcoin (digital gold?) and XRP (bridge currency?) as well next time. Thanks.
No matter what direction you look all you can see is the shining eyes of the wolves waiting to devour you. Time is short. Prepare.
It looks like the OLD RULES ARE BACK as far as I can tell over the past few days exhibits.
Andy….dont forget the tens of billions we spend supporting the Israel welfare state
I doubt he would mention that one, he's in the club
@@InvestgoldUK exactly….only mentions Ukraine
It’s like having sailor on to talk bitcoin
hey the Rothschild family may live in Germany but they own Jerusalem n are 1 0f 12 or 13 families that own all the banks on the planet hell were just paying our dues
@@InvestgoldUKthey both are
Posted today but interview last week?
But if no one at the citizen user level has gold or silver in transactional amounts and denominations, isn’t there huge counterparty risk between citizens?
Question for Andy. People talk a lot about gold/silver revaluation to numbers like $40,000/$200. But what would the *purchasing power* be? USD is quickly decreasing in value. People say "Oh, gold was $100/oz in 19xx", but you could do a lot more with your currency years ago.
How is it legal to create "money" from thin air and use it to buy gold and silver ?
Do banks poop silver certificate papers 📃 between each other region?
我們在中國每一個大城市的市民都正在購買自己要投資或收藏的白銀或黃金幣！！！
If you've listened to one Andy Schechtman video, one Rafi Farber video, one Mario Aneco video you've seen them all. ... "Foreign central banks are buying gold. The dollar will collapse. Silver follows gold and is very volatile. ... BRICS PLUS!" ... Buy food, secure water. Got it. .... I buy everything from an LCS. Haven't bought anything from an online dealer in years. Plus 85 on anything except eagles, plus 100.
SILVER THE ED of Metals
The sun is setting in the west.....goodnight 😂😂😂
massive moves ib G and S prices.. do you mean paper manipulation..
Because they were dumb down
I suspect the banks are trading gold for the silver they are short. That is why China did not have to buy any gold in May because they got tonnes in return for all the silver they traded the Banks.
That’s what I would do if I was facing a silver squeeze. The banks got the gold at 250 an oz 25 or so years ago. Take profits and cover your losses.
I suspect a gold squeeze is more likely very soon
I doubt they gave up even an ounce of silver considering they're sitting on mountains of dollars they'd rather dump for the gold.
Your absolutely right Andy. No rate cuts. Might even raise it. The FED continues to lie to us. IMO, recession is coming.
You're getting quite popular here on the tube...I think you have something here. Why don't they go check the price of a bananna, better yet, a porterhouse. It would be much, much more accurate. Oh, they don't want accuracy? Why not?
Most of the seized Russia assets is us debt they were holding, they cant spend it the us dollar would loooose value 😂
Exchange for physical is just comex paper traded for SLV paper. The comex vaults report activity every day. The silver in the comex vaults has been growing since the beginning of the year. I think comex is probably lying because very little silver is leaving comex but exchange for physical is just PAPER
Somebody should measure the percentage of weapons and drugs produced by US and UK compare to the rest of production these two countries produce. I think the numbers will be very surprising.
Below 29 usd !! There you go again !! 😅😅😅
You want to hear from me? I'm not so sure. I listen to Andy Schechtman on Liberty & Fiance and if you've heard one Andy video you've heard them all. ... These kinds of videos can be taken down from 50-minutes to about 20 minutes. The rest of it is all about his cute little sayings about "little by little by little and then all at once" ... having "purchased something every 2 weeks for the last 30 years." ... I fast forward through these things as fast as I fast forward through these things as quickly as possible. "Just the facts ma'am."
Banks must be now on the short side of everything but greed
WOW Andy look at that MASSIVE Silver squeeze. LOL You are Mental.... How about start THINKING Of what you are missing ?
I have no problems with the U.S. giving Russian assets, even just interest to Ukraine, considering that both the U.S. and Russia forced Ukraine to give up their strategic bombers, cruise missiles and nuclear weapons, (at the time they had the third largest stockpile of nukes), in exchange for security guarantees. Where are these guarantees? Russia is using those same bombers, and cruise missiles that Ukraine USED to own against Ukraine. Serial numbers have been verified. We OWE it to Ukraine. You can’t promise security guarantees for giving up their nukes and then abandon them on their hour of need. What would that say to the rest of the world, who we would like to give up their nukes? Now no one will believe the U.S. will come to their aid, and now no one will EVER give up their nukes.
China is their customer
They took Russians off the silver exchange. Short squeeze here ... silver is a commodity
******* Even though gold and silver have grinded higher and GDX is still in consolidation it always disappoints, EVEN WHEN THE ENTIRE WORLD IS BUYING, lol!! For instance, after gapping higher it never continues to rally or after gapping lower it never comes out of the hole and rallies! Always goes down more than up and settles off the highs and never follows through on the upside, but alway follows through on the down side. BOTTOMLINE: Does not act like the strong hands are in control!! I’m not impressed one bit YET, even though I’ve been loading up the last 2 decades. JB~ ✝ 🙏 🇺🇸 ⛵🛶🚲🎾🏂🥒Ball
Get Jeff Christian on with Andy. What's really happenin'?
You mean jeff the shill!
You can go back to 2020 and listen to the same video from him… eventually I guess he might be right.
God help us so many have money in trusts that cannot be invested anything except stocks, bonds, and mutual funds. Yes my portfolio is up but not sure for how long. My fiduciary doesn't seem to concerned about it. Im am very concerned. 😂
I love to read and hear all those “ secrets “ on RUclips , I m part of the very only few ones who knows !! 😅😅😅😅
Why are you even listening then.
@@JJuniverse1111 you got it ! In fact I don’t even listen to it ! I just read the title ( it s probably enough .) 😅
Andy. It IS too foolish to not be planned. Wish we could chat.
And will bombs go up in price too
Iraq WMDs = gold
Aghanistan = Gold and heroin.
Fentanyl from China killed the market for heroin and when we left heroin production dropped 99%
I never realized there were so many experts and know-it-all's until I started watching RUclips.
*know*
Take what rings true to you based on how ready you want/need to be. I would rather be safe in this realm than what is being set up in the stock market( to much like the 1929 crash)
Let the buyer beware!
Sounds like mainstream media is your thing then.
Silver.... Still gay after all these years.
Global financial terriosm with zero accounbilty
Hey Andy.
Silver is the worst hedge against inflation in the history of the modern financial markets.
That was consider classic models were silver was hardly used in AI, quantum, solar, and other industries. Don’t think that old models will always work😅😅😅
Which means it’s the most under valued.
Be patient, or go away if you’re short sighted.
Be careful of this marketing gimic.
It's always the metals dealers that spout this stuff! just beware!!!!
Many other analysts in the field saying the same thing that Andy is.
Not necessarily, silver it’s been modified from a metal investment into a utility based metal required for military equipment, solar, AI and even upcoming Quantom technologies. Banks are putting themselves at risk largely due to shorts. Imagine if there is necessary utility and investment completed were naked shorts cannot be covered with major losses to banks 😏🤔🧐
Metals dealer or not, you better be early than 1 minute too late!
Shanghai silver inventories are plummeting ?? Huh ? Bullion banks exporting back to the west ?? Kai can you clarify what Andy is on about here please . He has lost me on this now .
Will do my best to ask him when we chat in a few short weeks in person.
Many thanks Kai . Andy has been saying this a lot last couple of weeks but it is not clear . Yea we can understand comex and LBMA inventories plummeting because if the physical going to Asia . But for China inventories then to also be plummeting because of bullion banks ??? It does not make any sense . Yes , the banks could be begging China to stop buying …. I get that . But how can they be the reason for plummeting silver stocks in China ?
Thanks Kai 😊
It's called arbitrage you buy low sell hight, trouble for Western banks is that they are shorting silver a lot and now people are asking for their silver ( shorting = selling, when they sell they still keep custody of that silver until the buyer wants it in its vaults and that's where the problem lies as they over leveraged( sold more silver than they actually have) they now need the physical silver from China so that they can fulfill it's obligations. It wouldn't surprise me at all if China is doing the buying behind the scene.
So you're saying that the silver in the SGE is being drained and transferred to China's central bank?
So what I am pointing out here is that Andy keeps on pointing to the fact that after the Bullion banks flew to Shanghai to meet the Chinese , all of a sudden the Shanghai silver inventories plummeted . Why ? Because these banks are being made to deliver from comex and LBMA into HK and then into Shanghai vaults . Sorry if I was not clear with my question before .
Seriously, a week old podcast in THIS market?
Smh
You think too short term. Do you feel you have missed out on something in the last 6 days?
@@SoarFinancially yes. Several 4-6% moves in silver, similar & greater in silver miners, $80 possibly record (3 standard deviation) same-day drop in gold price w exceptional vol in gold miners, PBOC stepping out of gold market, Russia warships 90 miles from US, Hunter conviction, outlier drop in comex gold oi, UN gaza cease fire resolution -- all forex & pm market movers.
I've been actively investing pm & miners since before you were born, so I disagree i think short term. Week-old news, like week-old bread, does not interest me; perhaps post it on the History channel . And writing inflammatory click bait headlines does not fix it. There are free thesaurus websites so that's a lame, pathetic excuse (Rick Rule is a walking thesaurus if you need help, although having disgraced yourself - using his name & image - I'll be surprised if he ever returns to your show).
what a windbag.
I'm very bullish on precious metals and miner stocks. But when I hear Andy's ludicrous pro-Putin narratives on geopolitics, I start to wonder if I am with the wrong croud 🙄
Probably best for you to change course then. Let me know where it is safe to go when you get there.
This crowd is not for you if you think Putin is the villain. Stick with CNBC and the rest of the brain washing media.
Correction! We ARE NOT creating $1T in debt every 90 days AT THIS POINT. We were, but not recently. We added approx $255 billion in the last 90 days. Please stop throwing bad statistics around. It diminishes your credibility which we need these days as not much exists coming from DC.
If you think the published numbers are accurate you are missing the point. Fiat dollars aren’t even money man come on bro
You must be new to precious metals. The dollar is a currency, not actually money! The debt, no matter how fast it is growing or shrinking,will never be paid back in a natural way.
sounds like tge same stale BS we have been hearing for decades.
The most undervalued asset in the history of mankind! You have no idea how irritating it is to hear this statement which truly is beginning to be an annoyance.
Silver is going nowhere! If it ever does, there will be nothing left anyway.
Debt creation? Silver....a nothing response
Thanks for the uneducated info. By the waY - are you a stock adviser? Certainly not one with fiduciary responsibilty!
Aluminum will be used in place of silver as soon as it moves higher. For that reason alone silver will never rise to the ridiculous prices people are spouting
If what you say was true, then why would they now pay $25-30 oz for silver when they could get aluminum for $2500/ ton? Aluminum has nowhere near the electric conductivity value of silver. You might want to rethink your statement. 😄
It's Andy Shatman again. pump pum pump.
as a gold and silver coin shop seller ,you have to come every year with a new bullshit therory , what a car seller. unproven bullshit , next petro dollar colapse ,next months gold back russian rubel ,yadaYADAYADA bullshit
These comments crack me up, nobody pays attention. He has been saying all along COMEX is artificially supressing the price by selling ETFs (paper) silver which is driving down the price. When the physical silver is actually needed, only 6% is actual physical silver, the rest is on paper (ie, worthless) They have been short selling silver at a 15 to 1 ratio.
Schectman has been babling the same lines for years and silver goes nowhere...pure clown
Clearly you are not listening. He has also been saying all along that the COMEX has been suppressing the silver price by flooding the market with ETF's (paper) sales of silver commodities (not physical). The ratio is 16 to 1 paper to physical silver. When the shit hits the fan and the REAL supply is nearly depleted, then the price will go up. That's what he has been saying all along, the chickens will come home to roost when the silver is needed for real, not on paper.
IF Andy truly believes his own BS. Why doesn't he buy up all the silver he can. Why not, cause he is a grifter\alarmist so he can sell all the silver and gold as the owner of Miles Franklin
Bart Chilton and Rob Kirby. Truthspeakers. R.I.P.