@KingKong9888 Can't wait to watch the dance finale and for the fat lady to sing ... after downing her last milkshake
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CryptainX
665 posts
CryptainX
@CryptainX
| Harmonic Trader Xtraordinaire | Educator at Alliance-X Academy | This account primarily serves as a personal Journal & self talks to my alter ego | NFA |
Inscrit le Kasım 2017
876 Abonnements140 Abonnés
@KingKong9888 Yea, it'll be a case of "whine & dine" - while 'em whine, we dine!
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I bet people will say they don’t have enough silver once it breaks $50. And they will complain about premiums again. 🙃🙈🔥
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@baldguymoney @KingKong9888 Yea, and I'm wary too to be too quick to jump to conclusion as this "one case doesn't make a trend".
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@KingKong9888 I’m no beef expert - but prices seem to be much higher since September. What I was missing here is a comment on how much she paid for it. Because if it’s more - that leaves less money for other things.
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I just landed in London. Maybe I will check out the LBMA later… 🤡🤡🤡🙃🙃🙃😹😹😹
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The system is built to extract wealth from everyday people while enriching those who own assets.
They operate on a completely different set of rules.
Once the data turns bad enough, Central banks will intervene under the guise of “saving the economy.”
It’ll spark a final blow-off top,
a euphoric rally fueled by artificial stimulus.
I could see the crypto market cap hitting $5 T.
Afterwards, that’s when the real fallout begins.
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I cautiously say that we are headed into the end game as of today. The final banking crisis will make it obvious to everyone but I think the process has started.
Just a feeling.
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BATTLE OF THE TITANS!!!
You claim this 223M oz. #SILVER short position is covered in London on the London silver exchange. However:
1) It appears that there may only be a true Free Float of as little as a few 10s of millions of oz. of silver available from London vaults - the rest tightly held by ETFs and private investors;
2) High and rising silver lease rates tell us that there is an insufficient replenishment of silver stocks to London vaults to meet current demand for delivery;
3) LBMA data indicate that there is an open interest of some 5B oz. of physical silver in London in the spot/forward market. The London silver market is thus insolvent and unable to hedge anything.
Via David Jesen’s Substack comments section
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@KingKong9888 Wish I had the Grands to participate... well, I'll at least buy a ticket at the Grand-stand for the next best thing to do ... 😆
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If you know someone with a couple hundred grand to throw around and he/she is willing to #SilverSqueeze, get that person to call up all the COMEX clearing firms/brokers and open an account with a COMEX brokerage that’s WILLING TO DELIVER COMEX PHYSICAL #SILVER AND FACILITATE PHYSICAL WITHDRAWAL!
👇🔥
COMEX (Commodity Exchange), a division of the CME Group, facilitates the trading of precious metal futures, including silver, and allows for physical delivery through approved brokers and clearing members. The brokers involved in physical silver deliveries are typically clearing members of the CME Group who have the infrastructure and authorization to handle the delivery process. These entities work with COMEX-approved depositories and follow the rules outlined in the COMEX Rulebook (specifically Chapter 112 for silver futures).
Below is a list of some key COMEX clearing members that are known to facilitate physical silver deliveries. Note that this list is based on publicly available information and the roles of clearing members as of March 26, 2025. The specific brokers handling physical deliveries can vary depending on client relationships, operational capabilities, and market conditions:
1. **Interactive Brokers LLC**
- Offers trading in COMEX silver futures and allows eligible clients to take physical delivery in the form of registered warrants or automated certificates of exchange (ACE). They are a well-known clearing member that supports the delivery process.
2. **J.P. Morgan Securities LLC**
- A major player in the precious metals market and a CME Group clearing member. J.P. Morgan operates COMEX-approved depositories and is frequently involved in physical silver delivery processes.
3. **Goldman Sachs & Co. LLC**
- As a clearing member of the CME Group, Goldman Sachs facilitates futures trading and physical delivery for clients, including silver contracts on COMEX.
4. **HSBC Securities (USA) Inc.**
- Another prominent clearing member with capabilities to handle physical silver deliveries through COMEX-approved mechanisms.
5. **Merrill Lynch, Pierce, Fenner & Smith Incorporated (Bank of America Merrill Lynch)**
- A CME clearing member that supports futures trading and physical delivery of COMEX silver contracts.
6. **Citigroup Global Markets Inc.**
- A key financial institution and clearing member involved in COMEX futures, including the facilitation of physical silver deliveries.
7. **Morgan Stanley & Co. LLC**
- A clearing member with significant involvement in precious metals markets, capable of managing physical silver deliveries on COMEX.
8. **Barclays Capital Inc.**
- As a CME clearing member, Barclays supports clients in trading silver futures and arranging physical deliveries.
9. **UBS Securities LLC**
- A clearing member that provides access to COMEX silver futures and facilitates physical delivery for eligible clients.
10. **StoneX Financial Inc.**
- Formerly known as INTL FCStone, this clearing member offers futures trading services and supports physical delivery of COMEX silver.
### Additional Notes:
- **Clearing Members**: The above brokers are part of the CME Group's clearing membership, which is required to facilitate physical delivery. The full list of current clearing members can be found on the CME Group website, but not all may actively handle silver deliveries.
- **Depositories**: Physical silver delivery involves COMEX-approved depositories such as Brinks, Delaware Depository, HSBC Bank USA, J.P. Morgan Chase Bank, and Malca-Amit. Brokers coordinate with these depositories to complete the delivery process.
- **Process**: To take physical delivery, a client must work through one of these brokers, submit an "Intent to Receive" for their futures contract, and ensure compliance with COMEX rules. The silver is delivered as 1,000-troy-ounce bars (with a 10% weight tolerance) of at least 999 fineness.
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@KingKong9888 That's a load of Crab to counteract the actual load of Crap in the LBMA!
Way to go, King Kong! ;)
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@KingKong9888 @maneco1964 It was absolutely enlightening, Eric! A class act commentary on what's really unfolding behind the scene!
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This is my quick 4 minute explanation of what’s happening right now at the COMEX & LBMA, and what I think the intentions of the U.S. government are.
If you have time, listen to this before your early morning coffee.
Thanks @maneco1964 for being a wonderful host, and thanks to Clive Thomson for the informative input.
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@cooltechtipz Shouldn't be using the "=" sign when they are are not consequent derivatives of the previous value.
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Heading to @UMassAmherst to celebrate the weekend with this beautiful, intelligent, kind human being: @jordanmdeaton.
#UMassAmherstGraduation.
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