Silver Gold Squeeze Updates Globally

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by jhanders
Sunday, Feb 21, 2021 - 10:14

Turbulence in spot silver and especially the gold spot prices this week. 

We will get deeper into some of the chicaneries later in this video. 

The fact that silver has held up so strong of late says a lot about the tightening and panic going on under the surface.

The spot gold-silver ratio claims a mid65 figure to close this week's trading.

But the physical bullion wholesale and retail reality is saying otherwise. To the tune of a Gold Eagle / Silver Eagle coin price ratios currently at just under 58.

We're gonna now blast through 12 long-term full-fiat currency price charts for gold and silver to see where in the world we currently are.

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Late last week, we briefly highlighted some of the nonsense that Goldman Sachs's head of global commodities research Jeff Currie spewed on CNBC February 4th in a video clip they uploaded on Youtube entitled, "Why it's impossible to short squeeze silver: Commodities expert".

That full interview's link is in the following video's show notes on youtube. When I saw it's 10 minute discussion for the first time, my mind reeled at just how many inaccuracies he stated in such a short time span.

In last week's London Silver is Running Out video, we merely focused on the fact that Jeff Currie himself alleges that China more or less short squeezed the global crude oil markets in the 2007/2008 run toward $150 a barrel. 

Well here is more Jeff Currie from that interview courtesy of CNBC saying some further inaccuracies and then a bit about how supposedly the largest silver ETF $SLV is perhaps one of the major COMEX silver shorts.

Have a listen.

Silver Squeezing $SLV $SIVR $PSLV to the Future

You might have to replay Currie's blabbermouth sections a few times to understand what he was implicating.

The idea that the BlackRock iShares SLV Trust is somehow directionally involved short on the COMEX is a new one. One would think they simply would buy silver bullion with their unsecured customer inflows and be done with it, no hedging required. But hey Goldman Sachs is an Authorized Participant of the Blackrock iShares SLV trust fund able to redeem supposed silver bullion underlying the silver ETF. Perhaps Jeff said something he should not have in public.

The video above covers important news to cover on SLV and the world's second-largest silver ETF called SIVR, and too the world's third-largest silver ETF call PSLV ahead.

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