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Reginald Duquesnoy's avatar

The Feng Shui master has spoken...in the year of the dragon...for reminder, while reading tea leaves and charts, the Tao says: "There should be a balance between the yin and the yang.

You need open pathways for energy to flow. ...

Take the commanding position. ...

Use the five elements. ...

Know the Bagua map...

A Taiji student.

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Simon Gedye's avatar

Quite so , but what intrigues me the most at present ( unless some unrecognised covert reasons ) , is given the mega Chinese inventory of physical + the immense supply side deficicit ( silver especially ) .

why ever would the Chinese actually make moves toward bailing out the 4 x Bullion Banks et al who turned up at the SGE / SFE with begging bowl's in hand a couple of month's ago - which is what a number of other analysts / pundits are alluding to currently , rather than to send them and their all too obvious liquidity issue / trap away empty handed in the same way as they did with Granny Yellen and that moron Tony Blinken a short time ago. Alongside this is a fair degree of chatter saying that J.P.Morgan have been acting as Agents for China per the constant manipulation of Silver through being the ' Heavy Boot ' which has been pressuring Silver's ever downward for many years every time a sniff of moves toward real price discovery come along - until comparatively recently that is ..etc . I've heard / read talk about ' JPM ' being in the pockets of the Chinese for over 12 + years now . Never a lot of talk , and never anything substantive that proves or disproves this assertion either way . How much much longer do you think before we are provided with a definitive answer , and will this be prior to , or after ' Silver ' makes its assumed and long overdue - " Reach For The Sky ....??

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Alasdair Macleod's avatar

If it was the case that some banks needed "financial assistance" in the silver market, then the PBOC would be interested in avoiding financial dislocation. Furthermore, China has every interest in keeping silver suppressed because it is an industrial cost.

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Jun 15, 2024
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Alasdair Macleod's avatar

Your point is well made. Jim Rickards thinks Russia could respond by suing Euroclear in Hong Kong where it has an office.

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Jun 14, 2024
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Alasdair Macleod's avatar

Yes

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Jun 14, 2024
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Alasdair Macleod's avatar

Yes, because it has injected non-producing credit into the economy.

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Simon Gedye's avatar

Most definately - the " Magic Money Tree " alongside all of the other fiscal and monetary malfeasance as practiced by the US Treasury , The Fed ....and every other Western Government / Central ( & Commercial ) Bank's is definitely why we're all

well & truly in ' Shit Street ' right now - and it was all engineered by them over many

decade's , possibly hundred's of years , especially since .....Christmas 1913

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Th232's avatar

So, likely prices for physical here in Germany not coming down? We are up €60/ounce Krügerrand since last Sunday afternoon. Bummer!

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Willem Jan Halm's avatar

Prices in Germany are way too high for Krügerrand. Check prices in the Netherlands. For example Holland Gold or The Silver Mountain. Additional benefit in NL: you can buy anonymously for € 10.000,--, substantially more than in Germany.

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Th232's avatar

W.J., thank you. Looking into.

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Simon Gedye's avatar

YES ( again )

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