Indications That The London Vault Silver Red Line Is Very Close
Trying to decipher the opaque London gold and silver cash markets presents a formidable challenge - especially since understanding this market, as the world’s largest physical gold and silver market, is terminal to the deception that it uses to fix the global prices of gold and silver.
Multiples of the annual global mine production of both of these monetary metals are traded in the London immediate ownership cash market, each day.
Utilizing leverage to fix prices (up or down) never ends well and thoughts of markets such as the Kuwait Souk Al-Manakh ‘Camel Market’ stock fraud come to mind.
At its peak in 1981 this Kuwaiti stock market, run out of a former parking garage, became the 3rd largest stock market by capitalization in the world.
The Kuwait Camel Market used a system of check kiting to drive Middle Eastern company stocks to the moon.
Then one day, an individual tried to cash one of the kited checks and discovered that there were no funds available. This led to further interesting discussions among other Camel Market investors, who also tried to cash their checks, with the same result.
Camel Market stocks then came back from the moon and, in a few days, suddenly nobody showed up for the Camel Market opening bell. That was it.
What the Kuwait Camel Market and the London gold and silver market share is non-existent assets (cash in the former, phantom gold and silver bars in the latter) to set market prices.
jensendavid.substack.com |
