Top 4 Banks Secret Deal With China Just Started A Short Squeeze In This Commodity | Andy Schectman

June 12, 2024

Top 4 Banks Secret Deal With China Just Started A Short Squeeze In This Commodity | Andy Schectman

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and you can see for four straight weeks starting uh the second week in March first we had Deutsche Bank then we had HSBC Bank then we had JP Morgan and then Standard Charter Bank show up one after another for four straight weeks and Jamie Diamond evidently is there right now and there could there be a coincidence with these four Bankers showing up and since that first week in March the Shanghai Metals exchange have bled down to in silver to a new low not seen since 2020 who knows what deals were struck in the back room um at the Shanghai Metal Exchange but it becomes really interesting when you realize something that I didn’t realize until watching Mr Jensen’s interview and that is that gold cannot be exported out of China without first depositing a bar into the Shanghai exchange so then you can export it so this is contrasting with silver which can be exported and it would seem to indicate to me that the banks are there not to talk about gold it would make no sense they would have to deposit their own gold first into the vaults in order to export it it makes no sense they’re there to talk about silver and it almost speaks to a desperation please help us we’re trapped we have massive short positions that are naked and I’m going to get into that but we don’t have the silver help us will work out a deal maybe it’s gold related who knows today we’re breaking down Andy sheekman fascinating analysis on an imminent historical short squeeze in the silver market on May 28th silver closed at $361 on the Shanghai Gold Exchange a signal that the suppression of silver prices might be ending sheckman reveals that comc silver inventories have dwindled to just 40 million ounces while the Shanghai Metals exchange has seen its silver reserves plummet to new lows since 2020 major Banks like JP Morgan Deutsche Bank HSB and standard chared have been scrambling evident from their recent activity on the Shanghai Metals exchange what’s more China has imported between 500 and 600 million ounces of silver in the last 2 years and India’s Imports further tighten the market this demand surge coupled with historically low inventories and massive naked short positions suggests we might be on the brink of a Monumental shift could this be the generational move in metals we’ve all been waiting for at the beginning of the year we were told 200 brics meetings well today they’re having a big brics meeting uh related to finance I think the actual title of it is the uh bricks Deputy Finance ministers and Central Bank Governors they meeting today I wonder what that’s all about could it be discussing their commodity back currency who knows but the big meeting in October the election in November there is no shortage of things to talk about and Ponder but today I want to mostly talk about silver and you know I I don’t know if you’ll you’ll let me just go here I I watched an interview on um Palisades radio with a very very fascinating man named David Jensen I want to give him credit for a lot of what I’m about to talk about but it it got me digging into what he was talking about um because it it made so much sense so I started digging myself and I find what he had to talk about fascinating and I think um when you put all of this together it it starts to put together a a um an interesting thought experiment if nothing else so uh I’ve been really been trying to put all this together over the last few days so excuse me if it lacks a little bit of coherence but uh today we’ve talked a lot about the Arbitrage going on in the Shanghai medals exchange Shanghai gold exchange today uh 28th silver closed at $361 on the Shanghai Gold Exchange they can’t hold this down anymore they can’t and when you see open bids in Shanghai for $36 silver I think it’s just the beginning but let me try and put all this together so it it appears as though we have the makings of what could be a giant silver squeeze and I would also argue it appears to me Zan posar was dead on I think in 2020 he called the Breton Woods 3.0 the system that will be all about Commodities and transparency and it it it’s it’s as if the Commodities are becoming more valuable than money and let’s call it currency not money more valuable than currency you know there’s an old saying he who has the gold makes the rules but you could go even further and say he who has the gold the silver the rare earth metals the copper the all of the modies hard and soft make the rules um and when you think about China accumulating the London Metals exchange when you think about China striking deals for natural resources all around the globe um when you think about yeah including food wheat corn soybean you name it when you talk about the bricks nations in general being commodity Rich this begins to make great sense and it seems to me that the gold and silver markets are are literally playing by new set of rules rules that I’ve never seen before in my time 34 years in this industry the resiliency of the market is astounding to me these are things that never have happened before and I think especially silver and when you look at the comx numbers and and you can see that these bullion Banks the cartel bullion banks have been holding back the price of silver for for a very long time in fact four or five five commercial Banks holding the largest concentrated short position in any commodity traded on comx it’s in silver but as the price has been rising the losses on these commercial Banks balance sheet has to be extraordinary and borderline unbearable at some point and they’re going to be forced to cover the paper shorts um and I think that’s something that you know we’ve always just taken for granted people will say well they can just keep doing this forever uh you can in an environment where the demand for those Commodities is non-existent but you can only manipulate a market over an extended period of time by pushing it in the direction that it is truly going and the trust in the United States and the Western system has been extraordinary for a very long time but it’s as if the glass has been broken and putting back that glass is akin to putting back the trust that has been shattered at least across the entire southern hemisphere if not most of the globe So lately there’s been a lot of talk about the global inventories disappearing in silver I mean you look at comx uh it’s you know been bled dry for years we’ve talked about that you look at the lbma it’s got the lowest level of inventory second lowest inventory level of been for sure in the last 100 in the 140e history of of the exchange and now we’re beginning to see things on Shanghai disappear we’ve seen and we’ll talk about that we’ve seen the ETFs be bled dry everyone says well there’s you know there’s great availability in the retail Market well that’ll change and it will change really fast if what I’m seeing is actually happening uh the the American public has been asleep at the switch they have been infatuated with Nvidia and Bitcoin they’ve even been infatuated with a 5% return in in treasuries with no risk I understand all of this but they’re missing what could be a generational move in metals and in particular in silver now remember um the the numbers on on um the lbma we’re told there’s 800 million ounces of silver there of which 500 million belong to the ETFs and when you realize there’s that leaves 300 million ounces that’s about what is left on comx in the entire ecosystem uh in comx about same amount but in comx there’s only about 40 million ounces backing the contracts the rest of it is eligible and it’s not for sale so who knows what the real numbers are but they are you know 300 million is or less globally on the western system and probably a lot less backing everything I’ll keep that in mind but I did some digging myself and I went right on to the Shanghai Metals exchange website and you can see for four straight weeks starting uh the second week in March first we had Deutsche Bank then we had HSBC Bank then we had JP Morgan and then Standard Charter Bank show up one after another for four straight weeks and Jamie Diamond evidently is there right now and there could there be a coincidence with these four Bankers showing up and since that first week in March the Shanghai Metals exchange have bled down to in silver to a new low not seen since 2020 who knows what deals were struck in the back room um at the Shanghai Metal Exchange but it becomes really interesting when you realize something that I didn’t realize until watching Mr jenson’s interview and that is that gold cannot be exported out of China without first depositing a bar into the Shanghai exchange so then you can export it so this is contrasting with silver which can be exported and it would seem to indicate to me that the banks are there not to talk about gold it would make no sense they would have to deposit their own gold first into the vaults in order to export it it makes no sense they’re there to talk about silver and it almost speaks to a desperation please help us we’re trapped we have massive short positions that are naked and I’m going to get into that but we don’t have the silver help us will work out a deal maybe it’s gold related who knows but look we know that silver imported almost 600 between 5 and 600 million ounces of silver in the last 2 and a half years and again to put that in reference comac silver inventories are roughly only 40 million ounces of silver and they’re reh hypothecated over 1, 1600% right so 16 people hold the same contract and it’s probably a whole hell of a lot more than that and we do know that the lbma inventories are down to their lowest level or second lowest level debatable in the 140e history of the exchange this becomes even more interesting when you realize this they have these huge naked short positions and the inventory levels on both exchanges are at record low levels you have countries like India importing over 500 between 5 and 600 million ounces that would be way more than is available in any of these two hubs you can start to see the significance I think you’ll see more in a minute so it’s important to understand that for decades the price setting mechanism has been determined by the Western institutions like JP Morgan like Standard Charter like HS BC like Deutsche Bank and that system seems to be really breaking down now thanks for watching let’s recap the key points from today’s video Andy sheckman highlighted a potential historic short squeeze in the silver market we discussed how silver closed at $361 on the Shanghai Gold Exchange on May 28th signaling a potential breakout comx inventories are at a low 40 million ounces and Shanghai Metals exchange reserves have hit new new lows since 2020 major Banks like JP Morgan and Deutsche Bank are scrambling and China’s massive import of up to 600 million ounces in the past 2 years is adding fuel to the fire this situation combined with historically low inventories and massive short positions suggest a significant shift might be imminent if you enjoyed this video don’t forget to subscribe like and share your thoughts in the comments below

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