GOLD Is Breaking DOWN! The Panic Selling In Silver Just Started – Andy Schectman

GOLD Is Breaking DOWN! The Panic Selling In Silver Just Started – Andy Schectman

the bottom line to me is that all of these movements these knockdowns this the suppression the continuing suppression in the gold market or the volatility is being met with thank you very much we’ll stand for delivery and that’s what we’re seeing whether it be tremendous silver deliveries in India or massive gold deliveries in China or the rumor that now China is going to be accumulating copious amounts of silver um they’re doing it in ways in every way whether it be exchange for physical whether it be share redemptions out of the ETFs whether it be direct uh uh deliveries out of comex or the lbma they’re buying everything they can that is not nailed down this is a much bigger game in a bold move amidst ongoing geopolitical tensions a Russian court has ordered the seizure of approximately $440 million from JP Morgan this marks a significant escalation in the economic standoff between Russia and Western Nations with potential repercussions for Global Financial markets as a major player in the banking sector JP Morgan’s entanglement in this situation highlights the broader risks faced by financial institutions amid such geopolitical Strife the action against JP Morgan could potentially disrupt International banking relations and affect global market stability given the bank’s significant role in the Global Financial system furthermore this incident is influencing the precious metals Market with notable increases in silver investments particularly in Asia countries like China and India are ramping up their Holdings reflecting broader concerns about currency stability and economic sovereignty in the face of Western Financial policies this situation underscores a possible shift towards more aggressive use of economic Tools in geopolitical conflicts signaling a new era of financial Warfare investors and financial analysts are now closely monitoring how these developments might reshape International economic relationships and market dynamics the interplay between geopolitical actions and economic outcomes is becoming increasingly complex reshaping the landscape of global Finance now we’ll show you the best clips of the latest interview make sure you watch the video to the end to make the most out of it enjoy the episode diminishing in terms of its logic footprint and in terms of above ground stockpiles um and and you add into it the rumor that because gold for immediate delivery in China is becoming harder to get that they have moved and prodded they being the government and and telling their people who have a an affinity for buying gold on a habitual basis to look to Silver the investment demand for silver in places like China and India who continues to blow off off the doors their numbers are up like 280% month over month and they bought almost a half a billion ounces in the last two and a half years it’s as undervalued of an asset as you will ever find but when we also talk about gold I want to bring something up kind of interesting that is lost in the pullback in the smashdown and you know when the market was smashed in Gold last week or or the Thursday before that that you know couple billion dollars worth of metal dumped onto the market like that in a matter of just you know a handful of minutes or less that’s not the way trades are done you don’t maximize anything by dumping it into the thinnest part of the day when New York is closing and as it’s transitioning you know to Asia you’re guaranteed the worst settlement but you are guaranteed the greatest effect uh it’s a drive by shooting but when you look at the amount of comx approved gold bar um in Hong Kong that are being delivered to Brinks Hong Kong Brinks has a deal with um the colx and it’s through the OTC market where over the counter where the buyer and the seller can agree negotiate where to take delivery of the product and so what we’ve seen a tremendous amount of in one day in one day last week 475 gold kilo bars um excuse me pardon me that’s what was received into uh into the depository 7,560 kilo Bars were shipped out to to uh Brinks Hong Kong that’s that’s $571 Million worth of gold or 243,000 plus ounces but the interesting thing about it is that the majority of all the physical movement through the Hong Kong vault is is caused by efp transactions exchange for physical transactions and basically what happens is is that they knock down the paper price they buy the real thing and and stand for delivery in Hong Kong these bars are then picked up and moved directly to the Shanghai Gold Exchange so what we are seeing again is the awareness of the Chinese and the big players across the globe that when the price gets knocked down they’ll stand for delivery they will immediately stand for delivery they will buy contracts and stand for delivery and have them moved in kilo bars to Brinks Hong Kong which is then picked up by a truck and delivered right to the Shanghai gold exchange the same thing is true with silver and these exchange for physicals are much more difficult to see with transparency so in today’s market recap uh silver price Falls to 3-we low near 2670 with eyes on fed policy meet silver price tumbles to 2670 as us yields rise ahead of fed policy the FED is expected to keep interest rates steady with hawkish guidance investors should be prepared for high volatility this week as the US non-farm payrolls will follow the fed’s policy the white metal faces a sharp selloff after breaking below the crucial support of 27 the asset faces pressure as the US Treasury yields rise amid caution ahead of the federal reserve’s monetary policy announcement on Wednesday the US dollar Index which tracks the US Dollar’s value against six major currencies bounces back to 10590 the US Dollars appeal improves ahead of a data packed week this week investors will focus on the ISM Manufacturing PMI and the non-farm payrolls NFP report for April which will be published on Wednesday and Friday respectively now we’ll show you the best excerpts of the latest interview but first hit the like button smash the Subscribe button and turn on the notifications Bell so you do not miss out on our daily videos enjoy the episode the bottom line to me is that all of these movements these knockdowns this the suppression the continuing suppression in the gold market or the volatility is being met with Thank you very much will stand for delivery and that’s what we’re seeing whether it be tremendous silver deliveries in India or massive gold deliveries in China or the rumor that now China is going to be accumulating copious amounts of silver um they’re doing it in ways in every way whether it be exchange for physical whether it be share redemptions out of the ETFs whether it be direct uh uh deliveries out of comx or the lbma they’re buying everything they can that is not nailed down this is a much bigger game and when you look at the um combined average daily volume now between the Shanghai Gold Exchange which is largely Cash and Carry and the Shanghai Futures exchange uh effectively you now have Shanghai as the second largest gold trading Market on the planet they have taken over the comx in terms of trading volume and I do believe there will come a time when these driveby shoot that we see that there isn’t a Trader on the planet that would do things that way that wasn’t trying to create a tremendous amount of effect if they were trying to maximize the transaction it would have been bled out over hours or days or even longer not dumping a few billion dollars over the course of two minutes to drive down the price at the end of the trading day that is the dumbest thing you could ever do that Trader would be shot and then fired probably in that order unless they were doing it for a reason and and and that is being met not only with will’ll stand for delivery thank you very much but also in terms of legitimacy and trading volume in Shanghai we can see that it effectively has taken over in terms of volume um the comx now does that last does that become greater maybe it does in in an environment where right now Shanghai is pricing silver three bucks an ounce higher than the comx is maybe the world understands and I you know I’ve read that to you the finance Ministers of Russia talking about the new bricks currency saying that you know for the moment the prices are determined in the west even though we produce and consume these Commodities the West prices it but that will change the new system will change that or the head of the Shanghai Gold Exchange says when we finally have the right to speak in the international gold market the true price of gold will be revealed and and that stands for silver too but so these ups and downs they don’t mean anything and the technical analysis sure there are still Traders and algorithms that that follow that but the bigger issue is that the the countries that are accumulating it they’re using it to their advantage and they are emptying the shelves and so when you see a pullback either you can chase the pullback and add to your position or you can think that maybe the trend is over and it’s going to head lower because we’ve all been conditioned into believing that it just feels to me that this time it’s that’s not the case this time each pullback is met with demand and met with a rising price or a stabilizing price in years past when they would hit it they would hit it hard and it would fall not just a little bit but a lot and for a long period of time and they would then step on it again so you didn’t have any aspirations of it coming back up until they decided to let it rise up and let the speculators back in and get a little hope but it just seems a little bit different this time and I know that’s a dangerous thing to say but that is how it feels to me Chris and I think the rest of the world these countries in particular that are using the suppression against us well they’ll continue to do that until there’s no one left to deliver at the make belie prices of the West well I hear you and certainly more market news silver miners face a critical need to transition to more sustainable and efficient operations a leading industry analyst says in a report on how silver miners can build long-term competitiveness as they transition towards a Greener economy he explores the challenges and opportunities they face from the growing demand for clean energy initiatives and looming Supply deficits demand for silver from the industrial sector grew year on year by 8% with continued investments in energy transition initiatives in particular from the growth of solar energy initiatives and that this is expected to further grow over the coming years aside from Silver’s use in jewelry the rise of solar energy is the main driver of the rising demand for silver in addition sustainable mining practices and circular economy initiatives will remain key Focus areas for miners to align with ESG considerations focus on digitalization and autom will be crucial for silver miners long-term viability now we’ll show you more Clips but remember to subscribe to the channel and check our pinned comment for some massive sign up bonuses if you plan to add crypto to your Commodities portfolio enjoy the episode statistics don’t look good like unemployment or inflation just change them we’ll just adjust the metrics we’re a country that in many respects has lost its bearing and this is not lost on the rest of the world we’ve talked at length about all the other things that is happening here in this country um it’s not lost on the rest of the world and so yeah I I think by sanctioning you are only incentivizing you are creating a rallying cry you are telling all of these countries um this is your chance to find safety and numbers and um you would think that they would understand that which is why I feel that this is almost too stupid to be stupid that it just seems like it’s it’s happening it’s real and as my buddy Chris iron says you know that here here they are trying to um to tax unrealized gains right on people who are making big big big bucks like over a 100 million year well these are the people that are create all the jobs these are the people that can pick up and say screw off I’m I left Minnesota because it lost its mind right that was a big deal for me come to Florida these are the people that will pick up shop and leave the United States and before they do that they will sell everything they have in Nvidia and in Bitcoin and in all of these assets that have unrealized gains to float an idea of taxing unrealized gains is about as unamerican as you could ever get it’s as UNC capitalist as you could ever get and and it will destroy the markets and more than anything it will make these people leave and then when these people leave and and pull with it all of the the business that they were creating the the industry that they were creating who’s going to fill that vacuum and and it’s just like the commercial real estate that we see you know listen to some of these numbers on commercial real estate real quick I know that’s not what you ask me but it’s all part of a bigger all part of a bigger picture let me just show you these numbers they’re they’re absolutely scary as hell um there were 625 commercial real estate foreclosures in in March up um from up 117% from the year before I’m just going to give you three of them to give you an idea and this is kind of the same thing when you talk about the sanctions and and the ramifications of people leaving the system it’s the same thing that’s happening in the cities the former one AT&T Center which 44 stories third largest building in St Louis sold for 205 million in 2006 just sold for $3.6 million it sold for $25 million in 2006 holidan Express in Washington DC um de owed to the lender the lender was the only bidder for the Foreclosure the lender and um they bid 18.5 million for it and won it it was originally sold for 83.5 million just a few years ago and the last one Blackstone sells NYC office building at a $420 million haircut $185 million they bought it for Blackstone paid 600 or sold it for paid 605 million plus millions in renovations in 2014 it’s all the same thing you push that you push things too far and the consequences in this case what happens to the cities and the lenders when all the commercial real estate goes belly up but what happens when you chase everyone out because of your sanctions they move away from the dollar big problems you chase out the people because of of unrealized capital gains and raising uh you know raising capital gains tax to 44 a. half% you’re going to blow things up and chase people away the consequences of our politicians whether it be by weaponizing the dollar or destroying the dollar or just allowing our inner cities to be destroyed they’re all the same problem in a different shirt and that is the consequences our people will leave and that’s what’s going to happen with the big money that’s what’s going to happen with the people that have been accepting dollars for all of the these years they’re not going to anymore and that’s why you see them all dumping treasuries and buying gold because it has no counterparty risk and that’s what’s putting the floor under the price of gold as the public in this country has been selling into the rally and selling their ETFs going down at a 45 degree angle even though Bill halter thinks a lot of that is share redemptions that’s why the money’s leaving the ETFs I think a lot of it is that there’s just not enough belief by the public that that golden silver the place to be instead Nvidia and Bitcoin are much sexier you trigger a law like this where unrealized gains are taxed it’s game over just like it is when you start to weaponize the dollar across the globe by by a um a country that is viewed as being incredibly hypocritical and and and rightfully so they’re going to leave and there are consequences to pay so whether it’s in the inner cities or the dollar around the globe this the same thing is true you mess with things the way that we are and there will be consequences for sure well then I guess JB Morgan getting one of those consequen what do you think of Shan’s take is he spoton or will he blunder his prediction once again but most importantly are you bullish Post in the comment section if you’re bullish despite the massive selloff and watch this video right here because it’s a perfect fit for you I see you on the other side

Gold and Silver are experiencing the biggest sell off of the year and people are starting to panic sell as the precious metals sector that should be acting as a hedge is not panning out.

Andy Schectman explains the main reasons why this may be happening and exposes the current price manipulation that’s going on by paper traders..

In today’s episode we also cover silver miners, their transition to more sustainable and efficient operations, and the latest report on silver miners as they transition towards a greener economy he explores the challenges and opportunities they face from the growing demand for clean energy initiatives and looming supply deficits.

Demand for silver from the industrial sector grew year on year by 8%, with continued investments in energy transition initiatives – in particular from the growth of solar energy initiatives – and that this is expected to further grow over the coming years. Aside from silver’s use in jewellery, the rise of solar energy is the main driver of the rising demand for silver.
In addition, sustainable mining practices and circular economy initiatives will remain key focus areas for miners to align with ESG considerations.

If you are into gold and silver, this video is for you.

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Andy Schectman: Russia Responds With $440 Million Sanction On JP Morgan Assets

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