This compilation of financial insights includes videos from Rons Basement, Arcadia Economics with Andy Schectman, and Bix Weir.
Quick Summary:
Rons Basement shares ideas about the level of sentiment for silver and gold. Arcadia Economics talks with Andy Schectman about reports of good news regarding silver premiums continuing to drop. Bix Weir goes into detail about Bank of America waiting to deliver COMEX silver.
Rons Basement
Streamed live Jun 27, 2023
Is there a silver lining to the horrific Silver and Gold Sentiment level?
Arcadia Economics
Premiered Jun 26, 2023
In this week’s physical silver report with Andy Schectman of Miles Franklin, Andy reports some good news, as #silverpremiums have continued to drop.
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There was a significant spike in premiums earlier this year during the surge in demand following the bank failures. As investors rushed into the #gold and silver space in response to the banking turmoil, in an environment where Federal Reserve assistance and talk of bank bail-ins left many concerned about the safety of their money.
However over the past 2 months we’ve seen a steady drop in the premium levels as the market has returned to a sense of normalcy. Whether the banking issues are a thing of the past remains to be seen. Although with economic data suggesting that we are likely still headed to a recession later this year, along with the Fed continuing to suggest that there are more hikes on the way, there’s a large segment of the market that believes we have not seen the end of the turbulence in the banking sector.
In today’s show Andy talks about the latest conditions in the physical silver market, and shares some thoughts on exit liquidity when it comes time to sell.
RoadtoRoota
Jun 27, 2023
The signs of Physical Silver shortages are EVERYWHERE! The latest is the absence of 50% of the silver called for June delivery was NOT DELIVERED until the very last week in June. WHY?! Turns out that Bank of America is the culprit that waited until the final days of June to delivery 1/2 of all the silver called for delivery on the COMEX June Contract! How could that be with over 1.2 Billion ounces of Silver OTC Derivatives attributed to them just 1 year ago? That means they DID NOT HAVE THE PHYSICAL SILVER to deliver until the very end of the month! Now comes the JULY delivery month…HOW MUCH WILL THEY OWE IN JULY?
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