The reports are CONCEALING the name of the bank, but it is confirmed that overnight, the federal reserve was forced to pump another $34 Billion into the Banking System through its Emergency Overnight Repo facility. This $34 Billion is on top of the $17 Billion which had to be pumped-in two days ago, on Friday morning.
The Bank involved is described as "one of the largest players in the precious metals derivatives market" blew past every risk limit, breached every covenant. and exhausted every line of credit."
The Bank is further described as having been "massively short silver; we are talking massive positions numbering in the hundreds-of-millions ounces."
According to the information coming out this morning, when Silver broke through $70 per ounce on Friday, this bank received a "Margin Call" from the Commodities Exchange(s) which "exceeded their liquid capital." I am further told that "the clearinghouse gave them until Sunday morning to post $2.3 BILLION in additional cash collateral."
The report goes on to say that "over the past 36 hours, the Bank Executives frantically tried to raise cash. They reportedly called their counter-parties, they tried to sell assets, they begged for Bridge loans. Nobody helped them."
According to the reports, "Every major bank on Wall Street looked at the Bank's Derivatives Book and saw the bank was "already dead;" they just hadn't stop moving yet."
If these reports prove to be factual, and I have NO CONFIRMATION yet, the fall of this "systemically important" bank will have immediate repercussions throughout the entire banking system.
You see, a "systemically important" bank is a counter-party to many other banks in certain financial contracts, such as derivatives. If the counter-party fails, all those derivative contracts are now failed.
According to additional information, at 2:47 AM the Bank notified the Exchange that they could NOT meet the $2.3 Billion margin call. At 3:03 AM, the Exchange began forced liquidation of the Contracts. By 4:15 AM, the Banks positions on the Exchange were fully closed. SIXTEEN MINUTES LATER FEDERAL REGULATORS SEIZED THE BANK TO PREVENT A DISORDERLY UNWIND.
BTW everyone talks about silver and not gold, platinum or palladium. Platinum has gone NUTS recently, doubling in about 2 mo time, but no one seems to talk about that.
GOLD and Silver is the big ones. But Platnium and Palladium are rocketing too.... remember a lot of people more recently has lost lots of money on Platinum and Palladium.
What I have often wondered is when the breaks are off and things are not being manipulated would we see Gold the leader and a variation of equal value for Silver, Platinum, and Palladium... I used to think we might see Plat and Pal go down and silver go up and equal in the middle... but who knows now.
If silver gets to 1000 dollars before the fed falls.... we will see so many people driving Bentleys In the USA... lol
Just a heads up. Silver Bullion prices aren't necessarily correct right now. Apmex is showing a $1 premium right now. JM Bullion is $2. Those aren't the correct spot prices... ;)
Indeed. Current spot price in the UK is £55, but I can sell back to my provider at over £58, that should tell you everything you need to know right there.
The reports are CONCEALING the name of the bank, but it is confirmed that overnight, the federal reserve was forced to pump another $34 Billion into the Banking System through its Emergency Overnight Repo facility. This $34 Billion is on top of the $17 Billion which had to be pumped-in two days ago, on Friday morning.
The Bank involved is described as "one of the largest players in the precious metals derivatives market" blew past every risk limit, breached every covenant. and exhausted every line of credit."
The Bank is further described as having been "massively short silver; we are talking massive positions numbering in the hundreds-of-millions ounces."
According to the information coming out this morning, when Silver broke through $70 per ounce on Friday, this bank received a "Margin Call" from the Commodities Exchange(s) which "exceeded their liquid capital." I am further told that "the clearinghouse gave them until Sunday morning to post $2.3 BILLION in additional cash collateral."
The report goes on to say that "over the past 36 hours, the Bank Executives frantically tried to raise cash. They reportedly called their counter-parties, they tried to sell assets, they begged for Bridge loans. Nobody helped them."
According to the reports, "Every major bank on Wall Street looked at the Bank's Derivatives Book and saw the bank was "already dead;" they just hadn't stop moving yet."
If these reports prove to be factual, and I have NO CONFIRMATION yet, the fall of this "systemically important" bank will have immediate repercussions throughout the entire banking system.
You see, a "systemically important" bank is a counter-party to many other banks in certain financial contracts, such as derivatives. If the counter-party fails, all those derivative contracts are now failed.
According to additional information, at 2:47 AM the Bank notified the Exchange that they could NOT meet the $2.3 Billion margin call. At 3:03 AM, the Exchange began forced liquidation of the Contracts. By 4:15 AM, the Banks positions on the Exchange were fully closed. SIXTEEN MINUTES LATER FEDERAL REGULATORS SEIZED THE BANK TO PREVENT A DISORDERLY UNWIND.
It's at the point now, where buying directly from the US mint is actually worth it. That is crazy to me, because they are usually extremely overpriced and favor bullion shops. Although I suspect they will start increasing prices there to match the current market.
According to Bloomberg, much of the world’s readily available silver is sitting in New York awaiting the outcome of a US commerce department investigation into whether imports of critical minerals pose a national security risk. If this silver is released, it could flood the market and crash prices.
Yawn, come on, Bloomberg claims this with 0 sourcing, so why should I believe this with 0 evidence?
Vaults in London have drawn sizable inflows since the October squeeze, though much of the world’s readily available silver remains in New York as traders await the outcome of a US Commerce Department probe into whether imports of critical minerals pose a national security risk. The review could pave the way for tariffs or other trade curbs on the metal.
Says who, what actually claims this silver is to suddenly flush into the market baring regulation?
Rest of the article doesn't even take a negative outlook, it's "You need to back up paper silver with actual silver", supply dislocations, and strong physical demand. Your comment reads like you just copied verbatim from the Guardian's BS rag stories, and that's a shame.
The reports are CONCEALING the name of the bank, but it is confirmed that overnight, the federal reserve was forced to pump another $34 Billion into the Banking System through its Emergency Overnight Repo facility. This $34 Billion is on top of the $17 Billion which had to be pumped-in two days ago, on Friday morning.
The Bank involved is described as "one of the largest players in the precious metals derivatives market" blew past every risk limit, breached every covenant. and exhausted every line of credit."
The Bank is further described as having been "massively short silver; we are talking massive positions numbering in the hundreds-of-millions ounces."
According to the information coming out this morning, when Silver broke through $70 per ounce on Friday, this bank received a "Margin Call" from the Commodities Exchange(s) which "exceeded their liquid capital." I am further told that "the clearinghouse gave them until Sunday morning to post $2.3 BILLION in additional cash collateral."
The report goes on to say that "over the past 36 hours, the Bank Executives frantically tried to raise cash. They reportedly called their counter-parties, they tried to sell assets, they begged for Bridge loans. Nobody helped them."
According to the reports, "Every major bank on Wall Street looked at the Bank's Derivatives Book and saw the bank was "already dead;" they just hadn't stop moving yet."
If these reports prove to be factual, and I have NO CONFIRMATION yet, the fall of this "systemically important" bank will have immediate repercussions throughout the entire banking system.
You see, a "systemically important" bank is a counter-party to many other banks in certain financial contracts, such as derivatives. If the counter-party fails, all those derivative contracts are now failed.
According to additional information, at 2:47 AM the Bank notified the Exchange that they could NOT meet the $2.3 Billion margin call. At 3:03 AM, the Exchange began forced liquidation of the Contracts. By 4:15 AM, the Banks positions on the Exchange were fully closed. SIXTEEN MINUTES LATER FEDERAL REGULATORS SEIZED THE BANK TO PREVENT A DISORDERLY UNWIND.
$100 before New Years Eve? O_O
I think it could go higher than that.
Nah, but it will be in 2026.
Before Tuesday Kek.
I think they shut down trading after 4 minutes. Price hasn't moved in the last 10 minutes.
It's in Australia, it doesn't move much until the Shanghai market opens around 7 central.
This happens every week.
Edit Shanghai opens in 22 minutes.
https://www.tradinghours.com/markets/sse
HOLY SHIT A bank heavily invested in shiny metals just failed
https://halturnerradioshow.com/index.php/component/content/article/report-a-systemically-important-bank-collapsed-at-2-47-am-sunday
The reports are CONCEALING the name of the bank, but it is confirmed that overnight, the federal reserve was forced to pump another $34 Billion into the Banking System through its Emergency Overnight Repo facility. This $34 Billion is on top of the $17 Billion which had to be pumped-in two days ago, on Friday morning.
The Bank involved is described as "one of the largest players in the precious metals derivatives market" blew past every risk limit, breached every covenant. and exhausted every line of credit."
The Bank is further described as having been "massively short silver; we are talking massive positions numbering in the hundreds-of-millions ounces."
According to the information coming out this morning, when Silver broke through $70 per ounce on Friday, this bank received a "Margin Call" from the Commodities Exchange(s) which "exceeded their liquid capital." I am further told that "the clearinghouse gave them until Sunday morning to post $2.3 BILLION in additional cash collateral."
The report goes on to say that "over the past 36 hours, the Bank Executives frantically tried to raise cash. They reportedly called their counter-parties, they tried to sell assets, they begged for Bridge loans. Nobody helped them."
According to the reports, "Every major bank on Wall Street looked at the Bank's Derivatives Book and saw the bank was "already dead;" they just hadn't stop moving yet."
If these reports prove to be factual, and I have NO CONFIRMATION yet, the fall of this "systemically important" bank will have immediate repercussions throughout the entire banking system.
You see, a "systemically important" bank is a counter-party to many other banks in certain financial contracts, such as derivatives. If the counter-party fails, all those derivative contracts are now failed.
According to additional information, at 2:47 AM the Bank notified the Exchange that they could NOT meet the $2.3 Billion margin call. At 3:03 AM, the Exchange began forced liquidation of the Contracts. By 4:15 AM, the Banks positions on the Exchange were fully closed. SIXTEEN MINUTES LATER FEDERAL REGULATORS SEIZED THE BANK TO PREVENT A DISORDERLY UNWIND.
Really hope it's not Chase. I don't need this headache.
I heard a rumour it was CitiBank
I don’t see anything on that yet.
Allegedly happened yesterday morning. Is there any solid not-Trust-Me-Bro on this yet?
Very nice. You can view it on your favorite platform.
I use bullion vault.
https://www.bullionvault.com/palladium-price-chart.do
Edit I meant to post silver.
Keep these handy too
BTW everyone talks about silver and not gold, platinum or palladium. Platinum has gone NUTS recently, doubling in about 2 mo time, but no one seems to talk about that.
GOLD and Silver is the big ones. But Platnium and Palladium are rocketing too.... remember a lot of people more recently has lost lots of money on Platinum and Palladium.
What I have often wondered is when the breaks are off and things are not being manipulated would we see Gold the leader and a variation of equal value for Silver, Platinum, and Palladium... I used to think we might see Plat and Pal go down and silver go up and equal in the middle... but who knows now.
If silver gets to 1000 dollars before the fed falls.... we will see so many people driving Bentleys In the USA... lol
Platinum and Palladium seem to pump in a cycle. They go from 2000, 2500 down to 800 and then back up. They've done this several times.
with silver plated Pepe hood ornaments, or metals of choice
Or F350s/3500s…
Probably because... not long ago it was more than gold, then it totally tanked from like $2500 to $800...
That's why I just stick to the monetary metals... silver and gold.
Give it time.
I like https://www.livepriceofgold.com/silver-price/live
Just a heads up. Silver Bullion prices aren't necessarily correct right now. Apmex is showing a $1 premium right now. JM Bullion is $2. Those aren't the correct spot prices... ;)
They show what they are asking,not the actual price.
Yeah... not to mention reedonkulous premiums like instead of the usual $49.99 on a gold eagle, it's $299.99....You really have to shop it
Indeed. Current spot price in the UK is £55, but I can sell back to my provider at over £58, that should tell you everything you need to know right there.
Monday is gonna be WILD!!!!
u/#catdance
u/#tothemoon
It's already wild ....
HOLY SHIT A bank heavily invested in shiny metals just failed
https://halturnerradioshow.com/index.php/component/content/article/report-a-systemically-important-bank-collapsed-at-2-47-am-sunday
The reports are CONCEALING the name of the bank, but it is confirmed that overnight, the federal reserve was forced to pump another $34 Billion into the Banking System through its Emergency Overnight Repo facility. This $34 Billion is on top of the $17 Billion which had to be pumped-in two days ago, on Friday morning.
The Bank involved is described as "one of the largest players in the precious metals derivatives market" blew past every risk limit, breached every covenant. and exhausted every line of credit."
The Bank is further described as having been "massively short silver; we are talking massive positions numbering in the hundreds-of-millions ounces."
According to the information coming out this morning, when Silver broke through $70 per ounce on Friday, this bank received a "Margin Call" from the Commodities Exchange(s) which "exceeded their liquid capital." I am further told that "the clearinghouse gave them until Sunday morning to post $2.3 BILLION in additional cash collateral."
The report goes on to say that "over the past 36 hours, the Bank Executives frantically tried to raise cash. They reportedly called their counter-parties, they tried to sell assets, they begged for Bridge loans. Nobody helped them."
According to the reports, "Every major bank on Wall Street looked at the Bank's Derivatives Book and saw the bank was "already dead;" they just hadn't stop moving yet."
If these reports prove to be factual, and I have NO CONFIRMATION yet, the fall of this "systemically important" bank will have immediate repercussions throughout the entire banking system.
You see, a "systemically important" bank is a counter-party to many other banks in certain financial contracts, such as derivatives. If the counter-party fails, all those derivative contracts are now failed.
According to additional information, at 2:47 AM the Bank notified the Exchange that they could NOT meet the $2.3 Billion margin call. At 3:03 AM, the Exchange began forced liquidation of the Contracts. By 4:15 AM, the Banks positions on the Exchange were fully closed. SIXTEEN MINUTES LATER FEDERAL REGULATORS SEIZED THE BANK TO PREVENT A DISORDERLY UNWIND.
Went right back down.
Halfway back down. 81 now. From 79
Shanghai market hasn't opened yet,
Stay calm.
I’m calm, just fucking exhausted.
It's a bit of a reset, I expect slower and steady climbing from here.
It's at the point now, where buying directly from the US mint is actually worth it. That is crazy to me, because they are usually extremely overpriced and favor bullion shops. Although I suspect they will start increasing prices there to match the current market.
Interestingly, today’s Asian Guy video predicted a small crash this week - JPM crashing the price to shake the silver out of weak hands.
I expected it tomorrow morning.
It happens almost every single week.
Tomorrow is going to be chaos I think... I'm going to bed early tonight!
Did anyone else buy the Q silver oz coin when it was available during the Q posting years? I'm hanging on to those as they are collectibles now.
I have several.
And Trump coins,
Yep, I have several different variations of a Trump coin.
I have a handful
👏👍
I have a 'The Great Awakening' silver ounce from a few years ago :)
So silver has dropped $8 and ounce in the last hour.
Some shady shit is going on.
It's not very liquid right now,it's easy to move the price.
Normally it doesn't even trade at this time. Maybe one or two small trades an hour.
This is not a real market.
Just another buying opportunity.
Wackyland...$84.67 at 6:20 pm
$82.36 at 7:16 pm
According to Bloomberg, much of the world’s readily available silver is sitting in New York awaiting the outcome of a US commerce department investigation into whether imports of critical minerals pose a national security risk. If this silver is released, it could flood the market and crash prices.
Can you archive it and post it or, copy and paste the relevant parts?
Yawn, come on, Bloomberg claims this with 0 sourcing, so why should I believe this with 0 evidence?
Says who, what actually claims this silver is to suddenly flush into the market baring regulation?
Rest of the article doesn't even take a negative outlook, it's "You need to back up paper silver with actual silver", supply dislocations, and strong physical demand. Your comment reads like you just copied verbatim from the Guardian's BS rag stories, and that's a shame.
u/Pbman2
Since he didn't bother linking to anything substantial, here is a no-paywall article to read from Bloomberg's rag.
Thanks,I knew they had a paywall.
Well that'll be another buying opportunity.😁
So they could be robbing buyers right now. People are panic buying, then they crash it hard.
They did a 8 dollar drop over night. It will bounce back.
HOLY SHIT A bank heavily invested in shiny metals just failed
https://halturnerradioshow.com/index.php/component/content/article/report-a-systemically-important-bank-collapsed-at-2-47-am-sunday
The reports are CONCEALING the name of the bank, but it is confirmed that overnight, the federal reserve was forced to pump another $34 Billion into the Banking System through its Emergency Overnight Repo facility. This $34 Billion is on top of the $17 Billion which had to be pumped-in two days ago, on Friday morning.
The Bank involved is described as "one of the largest players in the precious metals derivatives market" blew past every risk limit, breached every covenant. and exhausted every line of credit."
The Bank is further described as having been "massively short silver; we are talking massive positions numbering in the hundreds-of-millions ounces."
According to the information coming out this morning, when Silver broke through $70 per ounce on Friday, this bank received a "Margin Call" from the Commodities Exchange(s) which "exceeded their liquid capital." I am further told that "the clearinghouse gave them until Sunday morning to post $2.3 BILLION in additional cash collateral."
The report goes on to say that "over the past 36 hours, the Bank Executives frantically tried to raise cash. They reportedly called their counter-parties, they tried to sell assets, they begged for Bridge loans. Nobody helped them."
According to the reports, "Every major bank on Wall Street looked at the Bank's Derivatives Book and saw the bank was "already dead;" they just hadn't stop moving yet."
If these reports prove to be factual, and I have NO CONFIRMATION yet, the fall of this "systemically important" bank will have immediate repercussions throughout the entire banking system.
You see, a "systemically important" bank is a counter-party to many other banks in certain financial contracts, such as derivatives. If the counter-party fails, all those derivative contracts are now failed.
According to additional information, at 2:47 AM the Bank notified the Exchange that they could NOT meet the $2.3 Billion margin call. At 3:03 AM, the Exchange began forced liquidation of the Contracts. By 4:15 AM, the Banks positions on the Exchange were fully closed. SIXTEEN MINUTES LATER FEDERAL REGULATORS SEIZED THE BANK TO PREVENT A DISORDERLY UNWIND.
Are they going to fall like dominoes?
Take profit soon. Most likely going to dip.
Negative, anyone cashing out now is low IQ. Price will be doubled by early spring.
Sitting 78 as of now. On a sunday when we cant trade.
Some additional background on the banks caught short..
https://silvertrade.com/news/precious-metals/silver-news/margin-call-is-a-large-bullion-banks-short-silver-position-about-to-be-liquidated/
Getting slammed
Did you sell?
China basically cancelling supply to the rest of the world. Bringing it in line with their gold policy I guess.
As for the vol, remember not much volume at this time of year so price of anything can be pushed around pretty easy.
It's $70 right now, how they dropped the price like that by $10? The system is so rigged and those fucker bankers...