Mike Weglarz
4K posts

Mike Weglarz
@MWags43
Insurance & Risk Management | CPCU | Immersed in Insurance, Financial Planning & Real Estate | Retired Basketball Coach
Kentucky - USA Katılım Eylül 2013
360 Takip Edilen338 Takipçiler

@RepoleStable Dang impressive run with some more gas in the tank.
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@Super70sSports Oof tough one… can we combine the two into a mega team?!?
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Spectacular Bracket of Randomness
Round of 32
Matchup #15
(6) Golden Retrievers
vs.
(11) Sitting by a Fireplace
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Mike Weglarz retweetledi

1996: HBD @bsaxton89 turns 54. A deep cut here, Saxton grew up in Whippany, NJ & played TE at Boston College. He signed w/ #NYGiants as an UDFA in 1995 & got playing time in 1996 as a 3rd TE before he followed Dan Reeves to Atlanta in 1997.
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@dandakich Seeing and hearing these things makes writing that check every year exceptionally difficult
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Mike Weglarz retweetledi

Mike Weglarz retweetledi

100% job placement. No. 1 in the nation. The only program of its kind in KY. #EKU’s Risk Management & Insurance program is preparing students for high-demand careers. Hear from current student Eric Teoyotl-Bartolo and read more in the link below! 🔥💼
🔗: eku.edu/highlights/eku…

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Weirdly, as a kid this man along with the great Bob Love @chicagobulls were my 2 favorite basketball players...
Marques Johnson @olskool888 was cool when "cool" was real not contrived
Elder Marques Johnson@olskool888
1979 All NBA. The last year the player’s voted, makes even more special!
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@jtwoot44 That is the weirdest court set up. Vandy has a ton of money. Also the camera view is like watching from 4th deck
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Mike Weglarz retweetledi

For decades, the global silver market operated on a simple assumption:
Nobody would actually demand delivery of the metal they owned on paper.
That assumption just collapsed.
In the first seven days of January, 33.45 million ounces of silver were physically withdrawn from COMEX for delivery.
That's 26% of COMEX's registered inventory gone in a single week.
Traders who had March futures contracts were paying premiums to ROLL BACKWARDS to January, demanding immediate delivery weeks early.
They weren't willing to wait. They wanted metal in hand.
Here's the China problem you have to understand if you're buying silver:
On January 1, 2026, Beijing implemented export controls that fundamentally changed global silver supply.
This wasn't a minor tweak. They reclassified silver as a strategic material, putting it in the same category as rare earths.
To export silver from China now, companies need government licenses. Only 44 firms qualified.
They must have annual refining capacity of 80+ tonnes and credit lines exceeding $30 million.
Why does this matter? China controls 60-70% of global refined silver exports.
The world's dominant refining hub just effectively ring-fenced its supply for domestic use.
The physical-paper divergence:
Here's where it gets uncomfortable...
In Shanghai, physical silver trades at 12-13% premiums over Western paper prices.
In Dubai, premiums hit 40%.
In Japan, secondary market premiums reached 60%.
Meanwhile, the paper-to-physical ratio on COMEX sits at 356:1.
For every one ounce of deliverable silver, there are 356 ounces of paper claims.
The system worked because nobody called the bluff. But now they're calling it.
The supply deficit reality:
The silver market has been in structural deficit for five consecutive years.
Cumulative shortfalls from 2021-2025 total roughly 820 million ounces. Nearly an entire year of global mine production.
Mine production peaked in 2016. Roughly 71% of mined silver comes as a byproduct from gold, copper, lead, and zinc mines.
So even if silver prices double, miners can't easily ramp production. Their operations are driven by base-metal economics, not silver prices.
The industrial demand trap:
Unlike gold, silver isn't primarily a monetary metal. Industrial demand now represents 59% of total consumption.
Solar panels. EVs. AI data centers. Semiconductors.
This demand is price-inelastic.
Factories don't stop production because silver got expensive... They pay whatever it takes to keep lines running.
So what does this mean?
Silver is now in backwardation. Spot prices above futures prices.
That's rare. And it's significant.
Backwardation tells you buyers want metal NOW, not paper promises for later.
The last time silver showed this kind of sustained backwardation was before the 2011 spike to $49.
The gold-silver ratio has compressed from over 100:1 in recent years to around 50:1 now.
Historically, that ratio has traded as low as 15-20:1 in extreme moves.
If gold holds and the ratio compresses further, silver will go beyond $150.
It's math.
My take:
Silver is no longer just an industrial metal with monetary characteristics.
It's becoming a triple-identity asset: industrial input, monetary metal, and strategic material.
When China weaponizes export controls, when Western inventories drain, when paper claims vastly exceed physical supply, and when industrial demand is non-negotiable, you get exactly what we're seeing...
A structural repricing.
Pullbacks will be sharp. The CME has already raised margin requirements.
But the underlying dynamics aren't speculation. They're geology, geopolitics, and supply-demand math.
Physical silver in your possession has no counterparty risk.
Paper claims on silver that may or may not exist? That's a different bet entirely.
If you don't hold it, you don't own it.
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Thought this was the Sears catalog for a moment. Just pure American greatness coming from these sweet bastards …
👉 @Super70sSports Store
Chris Orlando@ChrisOrlandoHS
@Super70sSports Hey look! 50% of us are repping Super70s shirts - the other 2 are jealous!
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@Super70sSports Haha thanks! 32nd Annual Golf Fishing guys weekend! Thanks for your great products to help make it more memorable
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Look at these sweet bastards living their best lives! I want to party with them.
You, too, can look this sharp:
👉 super70ssportsstore.com
Mike Weglarz@MWags43
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@BrianReganComic @ChicagoTheatre Woof.. peak winter??!! Should come back in Summer
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Looking forward to two shows in the Michigan and Illinois this weekend!
Friday, January 16th - Grand Rapids, MI at @GLCLiveat20Monroe
Saturday, January 17th - Chicago, IL at @ChicagoTheatre
Grab your tix at BrianRegan.com before they're gone!


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@dandakich Agreed. I think he was caught off guard a little surprised as well at first.
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Agreed… didn’t at first but she is so sincere
The world needs more not less
Robert Littal BSO@BSO
Jacksonville Free Press Lynn Jones Uplifts Jags Coach Liam Coen After Tough Playoff Loss and Media People Lost Their Entitled Minds (Video) --> bit.ly/3Z3M5wO
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