This compilation of financial insights includes videos from Arcadia Economics, Bix Weir, and Liberty and Finance.
Arcadia Economics discusses Blackrock Silver increasing resource to over 100 million ounces of silver equivalent. Also, Andy Schectman joins Arcadia Economics to talk about silver continuing to flow out of ETFs. Bix Weir reports on silver price readying for a moonshot as Bank of America’s unrealized losses explodes higher. Andy Schectman also joins Liberty and Finance to discuss how bank bail-ins are going to shock the public and why gold and silver markets will go crazy.
Premiered Oct 17, 2023
Last week Blackrock Silver increased the size of its resource estimate by over 135% to 100.04 million ounces of silver equivalent, and today CEO Andrew Pollard joins me on the show to talk about the news.
The resource estimate comes on the back of the drilling they’ve done over the past year and a half, and gives Blackrock 6.12 million tonnes grading 508.5 g/t of AgEq. And as Andrew details in this call, they still have further drilling to do, which they expect to again increase the size of the estimate, especially due to the in-fill drilling between the already established zones.
So to find out more about the latest results from Blackrock Silver, click to watch this video now!
It’s been another volatile week in the silver market, although fortunately this time the volatility has been to the upside. As following a multi-week selloff, both #gold and silver have climbed, particularly on the back of last Friday’s move which saw silver move almost $1 higher. And along with another rally in silver today, the silver price now sits near the $23 mark, bringing silver almost back to even on the year.
Yet one of the trends that we’ve seen throughout this past year has been a liquidation of metal out of the ETFs. Which Andy Schectman of Miles Franklin talks about in this week’s silver report, as we discuss what will have to occur to see that trend change.
The decline in the ETF holdings suggests that there’s been a lack of institutional interest in the metals this year, which is in contrast to what’s occurred on the retail level. Where thanks to the banking issues in March and April, physical silver sales remain up on the year compared to 2022.
Of course with geopolitical instability around the world increasing over the past few weeks, and the Federal Reserve governors continuing to make comments suggesting that the Fed rate hikes may be coming to an end, there are increasing signs that we’ve seen the end of the recent selloff. With perhaps the bank positioning in the metals providing the strongest clue of late.
Andy also provides an update regarding the latest activity in the premiums, and to find out more about the conditions in the physical silver market, click to watch this video now!
Oct 17, 2023
As part of the JP Morgan Silver Rigging Differed Prosecution Agreement the criminal bankers arranged a 1.2 Billion ounce structured lease of the JPM stolen physical silver to Bank of America to continue the Silver Price Suppression Scheme. Now that JPM has served it’s time they are free to rig the silver market once again BUT WHAT HAPPENED TO THE 1.2 BILLION OUNCES OF LEASED PHYSICAL SILVER? If BofA is still on the hook for it then JPM may NEVER SEE THAT SILVER AGAIN as BofA’s Unrealized Losses are EXPLODING HIGHER in their latest earnings call!
Liberty and Finance
Premiered Oct 17, 2023
Bank bail-ins are on the horizon, says Andy Schectman of Miles Franklin. And the public, even investment professionals, “have no idea what’s coming for them.” He expects the gold and silver markets will go crazy, since the public will rush into the only assets outside the system that have been wealth for 6,000 years. Precious metal inventory levels will likely dry up, and premiums of physical bullion will go through the roof.
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