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Veracious Poet's avatar
Veracious Poet
Jan 29

Another leading indicator:

"The biggest precious metals recycler in China, Rongtong Gold, is now offering Chinese consumers a buy-back price for #Silver at the USD equivalent of $132.42 per troy ounce (VAT-exempt), well above prevailing international #Silver spot price levels."

https://xcancel.com/KingKong9888/status/2016856949435015224

No1 knows what this means 😎

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Veracious Poet's avatar
Veracious Poet
Jan 29Edited

Thanks to No1 🙏

Powell is like a boy whistling in the dark as he passes the graveyard of fiat currencies...

"SGE/SHFE prices exclude 13% VAT, clarification battle ongoing about whether premium includes VAT (it doesn’t)".

This is being done as an attempt to disrupt & spread lies about the numbers coming out of China...

Ole is out there again today trying to rain on the Au/Au/Au parade to *real* price discovery:

"The continued surge across metals, especially #gold and #silver, is entering a dangerous phase, in my opinion. In my many years following markets, I have seen this dynamic play out several times across commodities—and occasionally in other asset classes as well."

"The problem is volatility feeding on itself. As price swings intensify, liquidity thins. Banks and market makers struggle to warehouse risk, especially as their lifeline—the basis between physical and futures—becomes increasingly erratic. When their willingness to quote prices in size fades, liquidity deteriorates and volatility blows out."

https://xcancel.com/Ole_S_Hansen/status/2016825611180720171

His spin might work if we were talking about *normal* market conditions, which we aren't, at best he might throw some cold water on retail investors thinking about buying at the *new* valuations...

Unfortunately for Ole, his attempt to influence the market(s) via "Appeal to experts" is 100% B$ & actually is tranparently the logical fallacy of "Ad Verecundiam" (Argument from Authority), based on the *fact* that his "expert" claim isn't supported by evidence.

The entire market is being driven by desperate sovereigns & multi-national industrial buyers (BRICS) that have engaged for, at least, six (6) reasons:

(1) Prolonged scarcity for Ag that will cra$h their economy without cornering supply.

(2) Complete loss of faith in Western markets due to derivative paper gaming the system, indeed creating a pseudo regime of regulatory "capture".

(3) Flight out of Western fiat currency & debt, diverting the U$D holdings into *hard* assets.

(4) Central banks accumulation to establish deep reserves, while they still can.

(5) Inability to predict what economic conditions/treaties will be in play from one week to the next due to obvious psyops being run out of US/UK/EU.

(6) Gold, Silver & Copper prices being artificially suppressed (already implied, but needs to be said again).

So, either Ole S. Hansen is either talking his book, suffering from mental issues, or is an asset working from the Intel/Bankster/Western powers (paid/threatened/coerced to *blatantly* lie & act as an agent of chaos).

Of course, he's far from alone (see the VAT hoax above)...

I'm sure we all know of many *bad* info disseminators that lie, twist, corrupt, disrupt et al. the pursuit of *truth*, IMHO you can now add Ole to that list ✅

In a nutshell, BRICS+ want to go their own way, but for The West it's a matter of survival of *old* regimes, who view the BRICS+ changes as *war*, it'll be a miracle if this doesn't turn devolve into global *hot* conflict, which clearly is not what China wants.

P.S. Somehow I was unregistered from this feed in the last 24 hours, had to re-subscribe, so is anyone is reading this re-up so you get notifications from this very important effort being made by No1 (I didn't get an alert, manually loaded this page & saw it posted it 2 hrs ago).

P.P.S. Beware of *The Signal* (Xtwitter et al.), make a plan if you're investing & don't be shaken by OMG!!! the sky is falling B$.

Not only are we living during interesting times, we're also experiencing levels of *deception* here to wit unimagined before the Rise Of Ai 👽

BTW, today's Asian Guy video mentions he was at the Vancouver meeting, perhaps someone can deduce perhaps who it was?

Full disclosure: I'm positioned in physical Ag for a multi-year cycle, not looking for quick & easy profits, if that's you too...

*Stand Fast, Stand Firm & Have A Plan*

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