This compilation of financial insights includes videos from Arcadia Economics, Bix Weir, and Liberty and Finance.
Vince Lanci on Arcadia Economics highlights the significant decline in gold and silver prices this morning. Gold has experienced a drop of $38, while silver has seen a decrease of 85 cents. Despite this downturn from the recent rally’s peak, financial institutions are persistently emphasizing the potential value within the mining stock sector.
Bix Weir discusses the m----------n of silver by Hong Kong Shanghai Bank, which has been ongoing for more than 170 years. Currently, the bank is facing a significant silver short position, requiring them to deliver 93% of the Physical Silver on the COMEX on the first day of the May delivery month. Additionally, the CEO of HSBC made a sudden announcement yesterday about his departure from the bank. The situation raises questions about the availability of silver.
Republic First Bank has become the latest casualty in the banking industry, adding to the growing concerns of experts who anticipate further failures. The process of dedollarization persists as the East recognizes the potential risks associated with holding onto the Dollar. As a result, the East has initiated the repatriation of gold reserves from the United States. Furthermore, the Shanghai exchange has been valuing precious metals at a premium compared to the COMEX and LBMA, prompting a swift movement of metals towards the East. Andy Schectman from Miles Franklin joins Liberty and Finance for an insightful discussion on these matters.
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Arcadia Economics
Premiered Apr 30, 2024
Gold and silver prices are down sharply this morning, with gold down $38 and silver down 85 cents. But even with the precious metals off from the highs of the recent rally, the banks are continuing to write about the value in the mining stock sector.
So in today’s show, in addition to going through the latest precious metals news and levels, Vince covers some of the bank research, what they’re saying about the miners, and what you can take away from their comments.
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RoadtoRoota
Apr 30, 2024
Hong Kong Shanghai Bank has been rigging silver for over 170 years and NOW finds themselves with a Massive Silver Short position having to deliver 93% of the Physical Silver on the COMEX on the first day of the May delivery month! Also, on the same day, the CEO of HSBC makes a surprise announcement yesterday that he is LEAVING THE BANK!! GOT SILVER?!
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Liberty and Finance
Premiered Apr 30, 2024
Another bank has failed: Republic First Bank. Many experts are concerned of more failures to come. Dedollarization continues as the East sees the risk of holding the Dollar. The East has started to repatriate gold from the United States. In addition, the Shanghai exchange as been pricing precious metals at a premium to the COMEX and LBMA. This has also led to metals moving East at a rapid pace. Andy Schectman of Miles Franklin joins us to discuss.
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