We also offer a wide variety of packaging alternatives to suit any budget or taste. Our in-house tool and die makers have the necessary skills and equipment to offer you complete service to quickly satisfy any of your needs, and our inventory of non-precious metals, along with our ability to melt and process silver, means that we usually have stock of the material needed to complete your job, right at our fingertips. This gives us the ability to strike any dimension or thickness required, a flexibility that is second to none in the industry. With our wide array of stock tooling we can offer you sizes from 10mm to over 3.5 inches at no additional charge, and our presses range from 350 tons psi to 1600 tons psi (3.2 million pounds of pressure per square inch). In-house abilities include layout and design, sculpting and die making, processing of precious and non-precious metals, and stock tooling of different shapes and sizes, plus packaging and fulfillment services. With state-of-the-art facilities housed in a 40,000 square foot building in Melbourne, Florida, our complete services allow us to take any job from start to finish. The Highland Mint is a full service mint that was established in the early 1980’s. Those who know coins know the Highland Mint is perhaps the most prestigious out there.įrom their website, this is the Highland Mint: Listen to the contradictions he makes about (#1) how comparatively tiny the global commodity price discovery markets are.Īnd point #2, concerning the excessive commodity demand from China. We let Jeff Currie finish this week’s update as we go back to a presentation he made at his Alma Mater, the University of Chicago, in late May of 2017. How are they going to bid silver away from growing western silver store of value buyers? Silver Price Outside New York Trading Hours Now $225.76 oz What we do not know is just how much silver bullion do the Chinese authorities have stockpiled? Of course, everyone paying attention already knows about the massive tonnage of gold both those nations stockpiled in the 2010s. Like Russia, China has been gearing up and stockpiling for this 21st Century cold war. I am showing this to you because the silver squeeze will likely become more extensive than the mere retail level. That is nowhere enough silver for the future production needs and ambitions of the Chinese 2049 agenda. Last few years, China’s silver import demand has plateaued around 3,500 metric tonnes per yr, a little over 110 million ounces per yr. Chinese Silver Imports | China Silver Imports Some merely make momentum trade profits, but some perhaps even, to better secure strategic silver bullion stockpiles for their future. The underlying truth is that we will likely continue to see larger financial players, commercial users, and perhaps even sovereign nations enter into the fray. While the media continually wants to spin this ongoing #SilverSqueeze, playing it off as mere retail bullion buying populism. They are working for alleged clients like perhaps the People’s Bank of China, for instance. Of course, read too that these position limit doublings are merely effective in April 2021, not to be held under compliance until 2022.īut since JP Morgan has such an outsized position underlying over half the fraction silver bullion COMEX pile, it will be through their COMEX warehouse-size that they will likely continue trading exempt from these new 3,000 contract position limits. So Comex traders can soon legally hold sway over a 15 million leveraged price discovery derivative position. Only but a handful of days before Jeff Currie went on TV and lied to everyone, the CME Group COMEX silver futures contract size limits doubled from 1,500 to now 3,000 contracts. In the video above, we cover some of Jeff Currie’s February 2nd, 2021 interviews, where he tries to shrink how badly the silver bullion squeeze is going to alter the price discovery landscape. This week we will focus on the head of commodities research at Goldman Sachs, Jeff Currie. Just over 100 to 125 million troy ounces of silver remain unallocated in London.Īs we have seen thus far, in 2021, investors can buy out one hundred to one hundred twenty-five million troy ounces of silver in a mere matter of a few heavy buying and silver betting days.Įarlier this week, I sat and listened through many #SilverSquealer interviews scoffing at the influence of new silver bullion and $PSLV share buyers. Ronan Manly reported this past week about shrinking London silver bullion float inventories here on ZeroHedge.Īccording to Ronan’s best estimates of this convoluted, almost entirely opaque market. Ultimately, they will lose the physical bullion war. Indeed along the way, they will win day-to-day derivative battles.
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