______________________________________________________
Palisades Gold Radio
Sep 28, 2021
Tom welcomes Ed Steer back to the show, Ed writes a weekly subscriber column on the precious metals markets.
Ed begins by discussing m**********n in metals and why the dollar index is also ‘heavily managed’. When considering the amount of money being created the dollar should be much weaker.
During the past few months, the flows of physical gold into ETFs have declined. However, silver continues to flow into the ETFs and big players are likely involved.
The four largest traders are trying to exit their short positions. We’re down to four large banks and successfully managed to run palladium down. These banks use short positions to manipulate commodities. Palladium is very easy to manipulate because of its small size.
He explains how small traders are hoodwinked into joining short trades. We see this now with some managed money traders. When the market finally shifts these players will be forced to cover at a loss. This will drive the price higher.
The current silver short position represents 184 days of world production. If a similar position existed on crude someone would be in jail. Sooner or later prices will blow up and the WallStreetSilver crowd has them cornered. “Metals prices are going to heights that we can’t even imagine right now.”
Physical silver remains tight and available supplies remain quite low. When large players get involved we could see an explosion to the upside. Increased demand for large 1000 oz bars occurs could quickly cause futures prices to rise. It’s only a matter of time before this occurs.
Advertisement
______________________________________________________
Ed outlines the increasing demand situation for gold from India and China. What happens from here will be crucial although silver continues to lag.
Massive inflation is coming as central banks have now entered a period of “print or die”. There is no way they can avoid inflation and this problem is now here to stay.
______________________________________________________
If you wish to contact the author of a post, you can send us an email at voyagesoflight@gmail.com and we’ll forward your request to the author (if available). If you have any questions about a post or the website, you may also forward your questions and concerns to the same email address.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is an informational news aggregator. All content, including third-party reports and community commentary, is provided for educational purposes only. We do not provide financial, legal, or tax advice. We do not recommend the purchase or sale of any currency or investment. Please consult with a licensed professional before making any financial decisions.
Copyright © Dinar Chronicles
______________________________________________________
