Loading ...Multiple Hints – Force Majeure Coming For LBMA & Comex
Having smacked gold and silver down after their months of going higher, we are seeing continuous reports regarding increased demand, especially for silver. At the same time, there have been multiple stories regarding potential sabotage of undersea cables in various locations.
Of course (like with the Nordstream pipelines) Russia is being identified as the likely culprit. This narrative would help provide cover(excuse) if and when, force majeure gets declared for one or both of the fraudulent venues for paper trading of gold and silver.
It doesn’t matter what the excuse is. It is inevitable, given the increased demand and shrinking physical supply, that silver can’t continue to have it’s price suppressed for much longer.
Conclusion, either the price explodes higher, or trading (and pricing) gets suspended on both the LBMA & Comex. Force majeure is just a matter of when, not if. The unknowns are exactly when, and how the price of silver ultimately gets reflected when the paper markets no longer exist.
I’m a buyer of physical Ag and Au.
The dealers are buyers too from the public at a discount to spot. They never run out. If I had the funds I could pick up 1000’s of ozs. It seems that the physical is rotated in and out for profit. Are we buying from each other?
Just asking when will the supply at the dealers dry up?
“Just asking when will the supply at the dealers dry up?” Good question that may or may not be relevant. Not sure how things will play out, but I believe the shortage manifests first, in the industrial market, which would probably be reflected in shortages at the exchanges and then retail buyers will rush to buy and dealers get drained. That is my guess. I doubt the shortage would show up first at the retail/dealer level because it is a much smaller market. The exception, which probably explains why it didn’t last, was the silver squeeze in early 2021.