Inside the Kinesis Vault

35
Thu, Mar 25, 2021 - 1:31pm

A few days ago, my old pal Andrew Maguire invited me to join him on his weekly video report for Kinesis. How could I say no? So this was recorded yesterday. I think you'll enjoy it.

In what should come as no surprise, Andy and I had planned on a 30-minute discussion. However, once we got going, we kept coming up with more topics to address.

So here's over an hour of two old grizzled veterans, kicking back and discussing the current state of the global precious metals markets. What do we cover? A lot, including:

  • the ongoing silver squeeze
  • the vulnerability of unallocated accounts
  • the sordid history of gold price manipulation
  • the global wholesale situation
  • where price heads from here in 2021

With today's Thursday Conversation being recorded later today and posted by 8:00 pm EDT, this podcast is certainly timely in regards to giving you something to enjoy in the interim.

Please feel free to post, tweet and forward this link as often as possible.

TF

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  35 Comments

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Ned BradenStevediva
Mar 25, 2021 - 6:42pm

Scottsdale

AG, not AU. Still six weeks

Stevediva
Mar 25, 2021 - 6:38pm

scottdale mint

Has any body ordered Ag bars in the last month from them?

NUGTCALLNed Braden
Mar 25, 2021 - 6:31pm

You must have held that position for more than 60 days

Let me tell you what my common sense and BS meter tells me.

I suspect that in the last month(s) a lot of people thought it would be smart to increase their PM position significantly. I suspect ONE GOLD haS not secured all the PM they sold. I suspect if EVERYONE who has bought in the recent past(60 days) asks for their physical, they would not be able to deliver. So, they have concocked this BS 60 day delay to buy time to get product and hope this increase desire for physical fades away.

Now I know you can go on their site (APMEX) and buy product....that is the deception. It like the magician, in one hand is the gold coin in the other hand up the sleeve is the pigeon, watch out you are about to get tricked. I suspect that the two companies are separate legal entities that protects them. CAREFUL, smells fishy.

Stevediva
Mar 25, 2021 - 6:18pm
Ned BradenNUGTCALL
Mar 25, 2021 - 6:17pm

For the record, Nugt

I was able to redeem some of the stash in AU five days into my hands.

NUGTCALLmavens
Mar 25, 2021 - 6:10pm

I would get it out now!!

Why the fuck do they need 60 days for your credit card or PayPal to clear. Looks like shit, smells like shit...it's probably shit! You have been put on notice! Nobody to blame but yourself.

Your documents have been verified

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*Please note that we are not able to fulfill physical shipments if the account has been funded in the last 60 days via credit card, PayPal, or ACH (linked account). For more information about our physical redemption policy please see ourRedeem FAQs.

Key Economic Events Week of 5/3

5/3 9:45 ET Markit manu PMI
5/3 10:00 ET ISM manu PMI
5/3 10:00 ET Construction Spending
5/3 2:20 ET Chief Goon Powell
5/4 8:30 ET US Trade Deficit
5/4 8:30 ET Factory Orders
5/4 1:00 ET Goons Daly and Kashnkari
5/5 8:15 ET ADP jobs report
5/5 9:45 ET Markit service PMI
5/5 10:00 ET ISM service PMI
5/5 12:00 ET Goon Mester
5/6 8:30 ET Productivity and Labor Costs
5/6 10:00 ET Goon Kaplan
5/7 8:30 ET BLSBS

Stevediva
Mar 25, 2021 - 6:02pm

SUEZ canal

Gee....I wonder who benefits the most with this canal closed.

rushstyx
Mar 25, 2021 - 5:58pm

Silver Manipulation

Sorry to use the Shitco chart but last 3 days is an example. Comex spread delta of $1.20 but NY close delta is a mere 5.5 cents.

Ned Bradenmavens
Mar 25, 2021 - 5:58pm

OneGold stash

Same situation here, buddy

TexasTmavens
Mar 25, 2021 - 5:58pm

OneGold

Mavens, I've had no problem converting my OneGold stash to physical. They use APMEX so it is single sourced which is a consideration. As long as they have inventory then it can be converted. Another consideration is their premiums are comparable to other dealers which means they are steep right now. I'm looking into Kinesis as an alternative. They appear to have lower premiums as long as you hit their minimum withdrawl quantities which for silver is 200 ounces.

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Key Economic Events Week of 5/3

5/3 9:45 ET Markit manu PMI
5/3 10:00 ET ISM manu PMI
5/3 10:00 ET Construction Spending
5/3 2:20 ET Chief Goon Powell
5/4 8:30 ET US Trade Deficit
5/4 8:30 ET Factory Orders
5/4 1:00 ET Goons Daly and Kashnkari
5/5 8:15 ET ADP jobs report
5/5 9:45 ET Markit service PMI
5/5 10:00 ET ISM service PMI
5/5 12:00 ET Goon Mester
5/6 8:30 ET Productivity and Labor Costs
5/6 10:00 ET Goon Kaplan
5/7 8:30 ET BLSBS

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