China Gold Buying Overpowers COMEX Shorting and Frees the Market
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- Опубликовано: 8 сен 2024
- You never thought it would happen, did you? The free market wakes up opens free market trading for both #gold and #silver. Go go #Chinese investors!
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When silver goes above 50$ I want a song performance from you on that piano.
Comical. But if you don't get that song, you can always pop over Road to Roota and hear Bix Weir's song. ( Humor ).
Chris Marcus can play it.
Very good .. agree
I am a Chinese living in Hong Kong. I love listening to your anslysis. I am a Silver bars and coins lover. Everything is rising in prices except Silver. Why? It is because of US-allowed manipulation.
What do you mean silver isn't rising? It's up 30% since Feb 13th. It's rising faster than Gold is.
overpoweres COMEX.... music to my ears...
I listen to a lot of people on RUclips that cover gold and silver. You are by far my favourite, Rob. Thank you so much for doing what you do.
Thank you
I found this info today about 2024 Silver sales in India. In India they used to trade/import Silver through their banks...now they are using private dealers.
India buying and importing probably 5x higher 2024 vs. 2023.
India silver imports surged to 2,932 tons in the first two months of 2024 compared to 3,625 tons for all of 2023,
according to provisional data from the Ministry of Commerce and Industry.
what? they aren't going to Bitcon? shocking
😅😅😅😅😅
They will when the ETFS in Hong Kong open up soon , 23 ETFs slated for approval. Best to cover all bases.
@paulcoenen7918
There's a fool born every 60 seconds.
It's a never ending supply
@@1philliph
There sure is. 🙂
@@paulcoenen7918 an ETF isn't money
Rob deserves more support from the community so refer him and his business 🖖
Agreed
Volatility today was insane. The Comex smackdowns were met with buyers just piling in. Someone is playing games with the Comex and I love it. We need real price discovery not paper contracts created out of thin air and used to suppress PM prices
It appears the overnight traders are going long day after day. A record length of a yield curve inversion. Until, rates are cut. They seem to be pushing the futures price higher. It appears to be a play on the technicals. The fed cannot cut rates, or else price increases will skyrocket in the not to distant future. Thus, heavy buying of 15+ month gold futures will be justified anyways.
Lol. good rant, too true
I owe you a debt of gratitude Mr Rob. I have learned a lot from your efforts here on the tube but you have been most helpful in getting a handle on the cot report and how the futures dictate the markets. The bigger picture certainly helps one's conviction in sticking with the thesis.
Cheers
I stack for my grandkids - I want them to hold an asset that has zero counter party risk. Where will gold/silver be in 30 years?
Of course I would like to see 150.00 silver or higher. But as you have stated when people understand the real fundamentals things will be economically unstable. We need to be careful what we wish for. It will happen. Good report as always…… watched you for sometime now….. you’ve come a long way my friend
Silver should be $70+ usd TODAY based on a more reasonable 30:1 ratio with Gold.
That's a negative, the paper to silver ratio is 395 to 1, the true price is over $600 at minimum.
😂
@@donovanmyers7600 Exactly. These guys are more then criminals.
When was the last time 30 to 1 ? Hope it happens butI doubt it.
@@johnhiggins8280 2011 it was. This time it'll go lower, there was no silver deficit in 2011.
Thanks for the information.I assume that I am not the only one that shops in different places.I just picked up four cases of canned goods from Dollar Tree.All brand name products.
GoldSilver Pros, You're the best! I subscribed because I love your content!
FYI Perth Mint spot price is higher for gold and silver than the comex/ LBMA. Are they using the Shanghai Gold exchange to set spot price. This is clearly one step closer to a new reserve currency.... controlling the price setting mechanism.
I kept listening though and WELL FUCKING SAID! Great EFFIN JOB! I'm with you and just as pissed on the nonsense with freezing the markets for the rich - It's rediculous!
Great update as always. A+
I appreciate that
GSP great information. appreciate your commentary. Cheers
Another good one, love the ending!
Indeed, he should play the piano .. we will share it .. Bless all stackers, greets from WEF HQ Holland
Great show Rob! 👍🏾
I don’t understand how the illegal labour pool gets paid , don’t businesses have to prove that they are paying green card holders , like in uk and Europe
good question. They pay them cash, I'm guessin. How to stop illegal immigration? Punish those who hire them...which will never happen... and IS the great unspoken reason/problem re: immigration.
We have been conned by Wall Street
As always, top notch content and quality.
Love it!!!!!!!!!!!!!!!!
Thank you, very informative.
Keep watching the Shanghai gold price. China owns the LMBA, future prices in Yuan
Where do you track it?
Now the market is free from any manipulation, we all can expect the gold rally to continue further and longer into the future !!!
🎉🎉🎉😊
Will they retaliate by bringing the price of silver and gold down?
Excellent report 💯
You the man, Rob! thank you
Dang, this is gonna get uuuggggllllyyyy!
Ugly is relative. I think the globe meets in the middle.
Whole new world is being born
@@olddirtybastardgarage If there's a new way, I'll be the first in line
But it better work this time
Peace Sells - song by Megadeth
@@josephpurdy8390we can sure hope....we can sure hope
@josephpurdy8390 peeeeaaacceee peaaccee selllsssss peeeeeaaaaacceee PEACE SELLS!!!! Peace sells but who's buying peace sells but who's buying
Very good!
My hopes:
Crash comes
COMEX, LBMA, CME go bankrupt
World switches over to SGE, AU/AG gets revalued overnight
GSR resets to historical mean 1:16
Great info here. 👍👍👍👍👍
Thanks Mikki!
Thank you Rob
Cool intro. Very Space Odyssey-ish.
How are part-time jobs that go to non citizens recorded each month? That makes very little sense....if they go to non-citizens....why would we think that ALL OF THEM are recorded and/or accurately on any level. I will say that most of the information is presented (on this channel) in a respectfully reasonable way however, sometimes I can feel the politics...which I guess we all try our best on that one...or don't and are self assured that our perspective is accurate.
Average home price from 1980 - 2023 went up 8.9x . If you apply that to silver it should be $445. Is that an acceptable way to look at it? Flaws?
Considering the dollar used to be based on silver (definition of "dollar" is literally a 1 oz silver coin) a more accurate reevaluation would be against the devalue of the dollar since it was last tied to silver with the silverbacks.
Scarcity and demand dynamics are the true means of valuation....to know demand you must use multiple sources. 1 oz per solar panel, use in EVs and lithium batteries, central bank demand, Brics countries demand, western investors, true industrial demand and the unreported military industrial complex demand.
Symptoms....
India increased it's import 400 million oz past 2 years. Comex lost 400 million oz of silver in the same period.
China....Shanghai paying $3.00 per oz moreover spot than western exchanges.
Military industrial...according to Andy Schectman there is 500 oz of silver in the nose of every Tomahawk Cruise Missile. The military industrial use is huge and not reported.
Exchanges are failing to control spot prices with a 30% rise in under 8 weeks.
Meanwhile Elon Musk bought into a Mexico silver mine to guarantee his supply.
Mine output has not increased.
Supply and demand will determine the true value soon as manipulation of the spot price fails. When the true shortage is proven and becomes public knowledge silver will move higher. It will reach somewhere near 30/1 with gold, maybe higher for a time.
👌
The background is fake.
Poor form
We are record near full time employment. So part time jobs take up more of the numbers. The economy has been strong for a record amount of time. The US has the lowest inflation in the G7. The strongest economic growth in the G7. The lowest unemployment in 60 years. The Democratic policies have taken America very far in the last couple of years, creating more jobs for Americans than the past several Republican presidents combined. This is a good economy. You’ve been calling for a recession for years now but you’ve been wrong, each and every time.
You truly believe that? Go out side look around…
The US exports their inflation through their dollar, they won't be able to do that soon as the dedollarization gathers steam.
The US exports their inflation through their dollar, they can print and print dollars then use that to buy goods from other nations. They won't be able to do that soon as the dedollarization gathers steam.
The US exports their inflation through their dollar, they can print and print dollars then use that to buy goods from other nations. They won't be able to do that soon as the dedollarization gathers steam.
The US exports their inflation through their dollar, they can print and print dollars then use that to buy goods from other nations. They won't be able to do that soon as the dedollarization gathers steam.
Why and who keeps kicking down the price in UK daytimes?