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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (154458)	3/16/2020 3:00:24 AM
From: sense	Read Replies (2) \| Respond to of 217925

A link you posted noted it as a "rebalancing" issue in the gold ETFs... which I agree is right. But, the issue in the spread between physical and paper isn't something to ignore. The bifurcation means they are two increasingly divergent asset classes now... and the one is increasingly trading at a discount to the (real) asset it (pretends) to represent... while the real asset... trades at a growing premium to the "price" set by the fake. "They" have been saying that would happen for years without a hint of it... and now... there it is... premiums are expanding RAPIDLY... If you're buying the paper... you may end up owning paper... Not an issue in terms of options on shares of course... but anything tied to delivery of real metal is likely not worth the paper its printed on... when the physical market contracts... as supply contracts... and demand gets the whiff of a riskless profit potential... because of all the risk being held on the other side of the trade that can't be shed. Classic short squeeze coming ? Only... with the amplification of the "air shares" issue ? If its going to be settled in the market... it is going to be BLOODY... Silver almost certainly true... just impossible to sustain the numbers in the paper silver trade... The "hammering" in every element of price in the metals now... still most likely to be about trying to escape the liability in the PAPER trade... on the cheap. Why did the event in divergence occur on February 24th ? That's the day this was published... Gold surges to 7-year top as pandemic fears spark safe-haven rush suggesting that its not the one or the other... its the two pairing up as they are... that scares the bejeesus out of them. The divergence in the premium from the "paper" price now... a huge problem for them. My opinion... here's the case... it has features atypical of the usual U.S. Government effort seeking the extraction of a corruption tax, a license to scalp the natives, or a slap on the wrist, business as usual.... Note the inclusion of RICO in the language... There's a lot of whistling past the graveyard on this. Greg Hunter had Bill Murphy on... Bill's been around a while, knows the market... founder of GATA... has persisted at it for over 20 years now... knows these markets... and what's going behind the scenes... A bit into the vid he drops "weeks"... zoom ahead to the 20 minute mark... Greg pesters him repeatedly for an answer on timing... paraphrasing: "hard to pin down as you know, but weeks to months"... Bill Murphy - Black Swan Price Explosion Coming for Gold and Silver The black swan... is about to hatch a clutch of eggs...

To: TobagoJack who wrote (154458)	3/16/2020 3:55:52 AM
From: sense	Read Replies (1) \| Respond to of 217925

Issue, debt now matters In gold shares: BTG, 140M cash vs 262M debt, on a 4.7B market cap PIRGF, 58M cash vs 38M debt... recent financing done. AGI, 205M cash vs 800K debt... a clear winner in an environment favoring value adds in acquisitions... But the best of all possible worlds is in silver: MAG 94M cash... 1.09/sh... 548K debt They're partners in almost half of a massive super expensive project that's in development... but their costs and interest is fully carried by Fresnillo. :