/biz/ - Business & Finance

>>52958070
It seriously feels like americans are so rich they don't even bother. Over here everybody haggle over 1 bux and you'll NEVER EVER see a good deal pop up or boomers not caring about distributing silver/gold coins for below their real value.
But hey, our median income is like a third of yours, while having higher costs (at least for gas, energy, food, consoomer stuff) so i guess it's logical we are penny pinchers out of necessity.

I think it's important to repost this for the frens who might have missed it

Bombshell posted by Ditch on WSS :
https://www.reddit.com/r/Wallstreetsilver/comments/z85u0q/the_bankers_desperately_pull_the_efr_and_efp/

It's a bit complex, but basically if we haven't seen any movement from Comex's registered for the entire month of november, it's because the banksters used a kind of derivative instruments called EFP and EFR, which are synthetic OTC swaps. They are being used as delivery warrants by the issuers (CME Group/JPM/etc..) to play around silver deliveries via registered vaults.
In short, instead of delivering the physical silver, they are convincing the buyers to get yet another kind of silver IOUs, but unlike SLV it's being settled OTC, probably with some interests or cash incentives on top of it.

This is how we went from registered vaults bleeding over half a million oz every single day between May-October down to literally 0 for november. Meanwhile for 70Moz (2x what's left in comex vaults) of EFR were sold by the banksters this month.

Ditch believe that's it. The vaults simply are empty. But to keep the illusion alive, the banksters are inventing all kind of paper shenanigans acting as silver... at least on paper. And in the meantime, thanks to the price being suppressed via those derivatives, all majors participants exited their silver short positions. Like rats leaving the sinking ship.

But something broke down today. The last day of the month, this is not by chance. The physical machine restarted. And not just by a little : -1Moz in registered, and the same in eligible.
Do you know what it could be? The banksters consider they bought themselves enough time with the EFR/EFP to exit all their shorts, and now they aren't leveraged anymore, they don't care what's about to happen to registered (ie force majeure settling). The run for the exit is now allowed to continue with only few scraps left in the vaults. December might be interesting.

ONLY BINANACE REMAINS