News, Rumors and Opinions Tuesday AM 9-28-2021
Holly Tuesday RV Update:
The news is positive!
I am hearing the decertification should come out this week and F&P’s and D’s(Dubai’s?) . See it done everyone!
Stay positive and keep the faith!
Courtesy of Dinar Guru
Frank26 Iraq is going to be a trading hub and the reason why is because they will stay on par with the American dollar...
RVAlready [Read an article that the Iraqis will start to sell government bonds with 6%-7% rates for two years. Now tell me, would they sell bonds at a program rate for such a long period of 2 years?] ...the construction bonds in Iraq are great news!!! RV next, I hope!!!
Breitling One of two things. Iraq is going to add value to the currency or if things go sideways and Iran influence Iraq's markets where they start going negative, we're [The U.S.] going to de- dollarize Iraq - they're going to add value their currency and you better exchange as quickly as possible...the water's still muddy right now...you have 2 options and they're going to add value to the currency. One, you probably get to stay in a little longer. The other one you need to get out as quick as possible when they start adding value to it...
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Iraqi News Central Bank of Iraq Announces Digitalization Iraqi Gov Takes Stand on Relations w/Israel
Edu Matrix: Sep 28, 2021
Ed Steer: New Shorts Will Be Rocket Fuel for Silver Price
Palisades Gold Radio: Sep 28, 2021
Ed begins by discussing manipulation in metals and why the dollar index is also 'heavily managed'. When considering the amount of money being created the dollar should be much weaker.
During the past few months, the flows of physical gold into ETFs have declined. However, silver continues to flow into the ETFs and big players are likely involved.
The four largest traders are trying to exit their short positions. We're down to four large banks and successfully managed to run palladium down. These banks use short positions to manipulate commodities. Palladium is very easy to manipulate because of its small size.
He explains how small traders are hoodwinked into joining short trades. We see this now with some managed money traders. When the market finally shifts these players will be forced to cover at a loss. This will drive the price higher.
The current silver short position represents 184 days of world production. If a similar position existed on crude someone would be in jail. Sooner or later prices will blow up and the WallStreetSilver crowd has them cornered.
"Metals prices are going to heights that we can't even imagine right now." Physical silver remains tight and available supplies remain quite low. When large players get involved we could see an explosion to the upside. Increased demand for large 1000 oz bars occurs could quickly cause futures prices to rise.
It's only a matter of time before this occurs. Ed outlines the increasing demand situation for gold from India and China. What happens from here will be crucial although silver continues to lag.
Massive inflation is coming as central banks have now entered a period of "print or die". There is no way they can avoid inflation and this problem is now here to stay.
Talking Points From This Episode
- Dollar and metals manipulation.
- Palladium and short positions in metals.
- Physical silver supply and demand for gold in Asia.
Time Stamp References:
0:00 - Introduction
0:38 - Dollar Headwind
2:13 - Depository Metals
4:13 - Engineered Prices
9:45 - Very Bullish Setup
11:07 - Sizes of Shorts
16:36 - Retail Silver Market
20:47 - Large Bar Market
23:00 - India & Gold Demand
26:33 - Inflation or Deflation
27:31 - PVC Pipe Pricing
29:01 - Wrap Up