The Banksters Are ANGRY!
Classic Cartel Op: They Just SLAMMED Paper #Silver Futures on thin Christmas Eve Session & Widened the China Silver Premium to $8/oz.
You read that correctly. Paper silver is now trading at an $8/oz discount to PHYSICAL SILVER METAL in Shanghai!
(media.greatawakening.win)
🍿 POPCORN 🍿
Thanks - been watching Clive (or at least listening while driving/holiday fagging) - he essentially said that it's an $8 discount vs physical, for paper...but that doesn't make sense to me.
I mean, for S&G, let's say that the price for paper in Shanghai was $78 and comex spot is $70. Shouldn't an "$8 discount" be represented as $62 instead?
That's where my math (and mathS - ALL of them) is dividing by zero...
See what I mean?
Looks like he misspoke. Their is an 8 doller difference in spot price between the two markets. Usually it's small well under a doller as he said. For 8 dollars an ounce you can buy in the US and afford to ship it to Shanghai,and make a nice profit. They probably stand for delivery in the US and sell a short term future in Shanghai. And technically they are buying a futures contract for December delivery in the US,so it's paper that becomes metal.
Insiders use different terms than US.
Ok thanks