refining capacity isn’t a problem -- there’s easily enough plants still operating to meet demand.
Apologies in advance for the crudities if anyone is offended, but...
Welcome to the wild west... this is not your mothers tea garden...
How can you tell they're lying ? Their lips are moving.
The Swiss shut in 80% of global refining capacity... on Thursday... and it will be out for a long time. Months. The mines are also shut down... and there's not much transportation of things deemed non-essential ? Meanwhile, real demand for good delivery product is up somewhere between 500 and 1000 percent ? Demand is up... supply is down... so, naturally, prices are cratering.
The refiners being shut in is still not as big a deal as it sounds... because gold doesn't really have any utility other than sitting around looking good... and there's quite a lot of it just sitting around. Much of it, unfortunately for them, is a generation out of style... wearing the wrong styles in the wrong sizes, just looking a bit too frumpy for the market today. And the only ones who can fix that are the refiners... who won't. So, the rest is just a negotiation over price... where price is only half the issue... with the other half being... good delivery required... and no faking it this time on either price or delivery ? But there's the rub... because the entire "market" is based on fake prices... and they never intend to deliver... so when the only solution to the market problem is real prices and real delivery... well then, the only thing that's not working because of the virus imposing problems... is the fraud of fake prices and no delivery ?
Perhaps you could train gold to lounge around in a bubble bath touting penny stocks ? Or, the exact same thing in the opposite, as touting a Tim Sykes short raid on some unsuspecting company and its shareholders... where the hired eye candy poses, and obviously intends to distract observers from the product actually being sold... while doing nothing to mask the morality of what's intended ?
Of course, as it sits around looking good, as the desirous ogle... there's also a fee involved in being allowed to use gold that way, to have the owners pretend its available for purchase and others use, while no one involved in that trade has to work very hard at pretending to not have values ? You didn't see them right there in the hot tub... only because they were hiding under the water ?
Maybe nice to look at... we're hard wired that way... but don't marry the bimbo. And, of course, as you consider it... also correctly surmise what that too obvious situation being presented to you... also requires is true of the front man ?
And the same is true of all those behind the scenes facilitating the "trade"... ?
The gold and silver trade today... are looking like an isolated boom town in a gold rush. The place was a patch of desert yesterday... and today there's 25,000 people building shacks, digging in the dirt, and scrapping over every little nugget.
Given the sudden luck of a few... and the unmet desires of the many crowding the place... there's now a huge shortage of whores in the remote gold camp... which has J.P. Morgan is saying... "What, no, there's plenty of whores here in London" ? And while that may be true enough... the purveyors out in the field have no product to sell to the eager and willing buyers ?
The whores in London, even with internet porn, just can't get a handle on what needs doing in person somewhere else... which can only happen with the FACT of both: real prices, and good delivery of the physical product ?
Re-hypothecating the lie of price, of ownership without possession, and "delivery" with no change of control in possession... because "trust us it has been delivered to you... you have it now"... when clearly you don't have it at all ? That long running scam.... given the changes occurring now... doesn't begin to fulfill the ACTUAL delivery requirement, much less allow a trade at REAL prices for that real delivery... not the fake prices based on the fraud of "lending" it you... to use for a time... like a lease on eye candy ?
Marrying the right girl... is not the same thing as looking at a photo on the internet... while Tim Sykes promises that she loves you and you're going to be happy ?
So, the only answer we get now from J.P. Morgan... is a well designed and professionally executed scheme intended to, and succeeding in, suppressing the market price of whores in London ? Yeah. Perfect. That solves the problem...
/s |
