Multiple Equations with Multiple Unknowns open.substack.com/pub/geraldlaur…
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Jerry Laurain
2.7K posts
Updating the Five Factor Framework open.substack.com/pub/geraldlaur…
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A Brief, Hopefully Accurate, History of FINRA open.substack.com/pub/geraldlaur…
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Jerry Laurain retweetledi
A silent homebuyer exodus is sweeping through Nashville.
Sale transactions have collapsed 28% from the pandemic peak.
And just hit their lowest March level in 12 years.
There's a giant vacuum in demand, with many of the California buyers who propped up this market during the pandemic leaving.
Inventory is about to breach 10,000 houses across the Nashville metro, the highest in a decade.
Great news for homebuyers in middle Tennessee. Just be sure to negotiate a big discount this Spring/Summer.
Download the app to see the data for your ZIP: reventure.app/mobile
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Suitability? Best Interests? Fiduciary Standards? open.substack.com/pub/geraldlaur…
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Jerry Laurain retweetledi
Nobody Knows Nothin’ About Nothin’ open.substack.com/pub/geraldlaur…
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Stopping the next shooting: Memphis Allies’ mission in Memphis actionnews5.com/2026/02/07/sto…
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When FOMO Morphs to Just Plain Fear open.substack.com/pub/geraldlaur…
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Jerry Laurain retweetledi
Silver. Right now. Same ounce. Same metal.
New York COMEX: $80
Shanghai SGE: $111
India MCX: $93
Japan retail: $120
Kuwait retail: $106
40% spread between New York and Shanghai.
The largest sustained divergence in precious metals history.
The arbitrage is obvious. Buy COMEX at $80. Ship to Shanghai. Sell at $111. Pocket $29.
Nobody can do it.
COMEX has 108.7 million registered ounces. Paper claims against them: 1.586 billion. Fourteen owners for every ounce that exists. In the first week of January, 33.45 million ounces were physically pulled from the vault. 26% of registered inventory gone in seven days.
One-month lease rates exploded to 8%. Normal is 0.3%. The cost of borrowing silver to arbitrage now exceeds the profit from the trade.
The mechanism that should close the gap is economically dead.
January 30. COMEX crashes 31% to $78. Worst day since 1980. Same day, Shanghai Futures Exchange settles at 29,487 RMB per kilogram. An all-time high. Two exchanges. Same metal. Opposite directions.
January 1, 2026. Beijing reclassifies silver as a strategic material. 44 companies licensed to export. They control 60 to 70% of global refined supply. The gate is locked.
Samsung stopped trusting the exchange entirely. Bypassed COMEX. Locked a direct two-year exclusive offtake deal with a Canadian mine for 100% of output. When the world's largest semiconductor buyer secures silver straight from the ground, the exchange doesn't have a pricing problem. It has a credibility problem.
There are two silver markets now. One trades electrons. The other trades atoms.
The atoms aren't lying.
Read the full deep dive institutional analysis!
open.substack.com/pub/shanakaans…
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Jerry Laurain retweetledi
Gold's Key Reversal Didn't Pan Out... open.substack.com/pub/geraldlaur…
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