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Thursday (Friday) Conversation - David Jensen

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The #SilverSqueeze movement has been rolling for a couple of weeks now and it has certainly been interesting to watch. However, for it to have a long-term impact, we must continue to draw physical metal away from the Bullion Banks and force a de-leveraging of the fractional reserve pricing scheme.

It is in understanding this that I reached out to David Jensen this week. You'll recall that David is an expert precious metals analyst and that he played a vital role in documenting and explaining the #PalladiumSqueeze" of 2016-2020.

So let's bring this full circle. Can silver ultimately be squeezed in the same manner as palladium? Recall palladium saw its price move up 5X as The Banks were forced to unwind leveraged short positions and source actual, physical metal, instead.

If this were to happen in the weeks and months ahead, what would be the signs and signals to look for? For that answer, we turn to David. Please be sure to give this podcast a thorough listen and note the chart below when he mentions it in the second half of the podcast.

Thanks for listening and sharing.

TF

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JH95
Feb 13, 2021 - 11:36am

GOEX ETF

Anyone ever look into the goex etf? Seems to have some decent holdings. I'm considering purchasing.

AGXIIKUbik Kosmil
Feb 13, 2021 - 11:34am

IMO the internet started out at the wild wild west

with Ebbers seeing its true potential. It went from a means for like minded libertarians and freedom loving people to exchange words and information to what we see in today's harsh punitive means to cancel and censor us by the likes of twitter, facebook, youtube and others who's prime directive is control at all costs The world wide web is just another very convenient and seductive means of controlling the masses with the clumsiness of chains.

Google's catch phrase was 'Don't be Evil'

It's been Animal Farmed to one 4 letter word

EVIL

If this is wild wild west period of cryptos,we see this whirlwind as a confusing system that takes real study and time to master and use efficiently. How much better will it be by its inherent efficiencies when used as a tool of control? It could just as easily lead to control by a few banks, governments and central planner who will allow only the favored few to use and profit from it.

A top person at BIS said they had to have an interest in these matters relating to Bitcoin and cryptos and see ways to control it as well. His words were presented verbatim on these boards.

When I see 1,500,000,000 Chinese subject to the Google-created Social Credit Scoring system that can gatekeeper things as essential as food, housing, jobs, travel and banking, based on whether these billions obey the dictates of their masters and their AI-based facial recognition CCTV system, always-on smart technology and millions of Karens reporting transgressions, they've perfected the Hyper-Surveillance Borgian Panopticon.

The saying 'Resistance is futile, you will be assimilated' has real teeth because the PLA has real guns and the people have none

Coming to a streaming service near you.

If cryptos allowed some semblance of freedom this cannot stand for long. We might say 'this aggression cannot stand, man' until the man KO's you with a crypto powered sucker punch to the midsection.

How does freedom leave the room?

Slowly at first then suddenly. Then it will be denied as governments world wide continue their relentless control over the vast majority of the world's entire population

Cryptos are the cheese that baits this trap.

AGXIIKAIJ Tahoe
Feb 13, 2021 - 11:18am

On a more serious note AIJ Tahoe. I like your style and

appreciate your work to bring basic understanding to us. It's not easy carrying the crypto blockchain water for others. What you try to decipher for us is a whirl wind of complex ideas and systems that would challenge even those with MENSA IQ levels

I've lived immersed in contracts literally 24/7 for 40 year. The contracts of my own making protect me and assure I'm paid for services. Each is only 1 page and, while short. both are also as strong as Adamantine steel

There are scores of other contracts used by my banks and other service providers, all of whom work to take care of the client and see the business deal to an equitable conclusion. The contracts protect both signers and assures them of certain rights contained in the contracts.

That said, and if it was me, I'd not use a moniker like Moon Royalty.crypto and expect Average Joe to give me a second's worth of credibility. The word Interlopability might mean something to a person buried in the multi computer crypto universe but to use it while putting up an array with COSMOS at the gravity well is about as arcane as Sumerian astrology.

The real deal killer is the twitter note that says Morgan Stanley may put $150 billion into Bitcoin. I think that's close to 20% of the market cap for BTC. Morgan Stanley is as deadly dangerous a bankster gangster as any on the planet.

They got something like $2 trillion in bailout funds during the 2008 Lehman train wreck. MS, GS the vampire Squid and JPM are the Capo Di Tutti of the world wide web of murderous thieving banksters who's evilness make the Godfather look like a freaking choir boy

Anyone invested in a crypto when these killers plan to corner the market in Bitcoin means the person invested is either a nebbish whose money will soon depart their wallet or happy to be part of a criminal conspiracy so long they they get some sloppy seconds or a moldy crumb falling from the plate of their masters

With all due respect to moon royalty and his or her efforts to corral the cryptoverse into something that allows interlopability, my first and only thought is that the COSMOS and interlopability mean this fool's money will soon depart. Computers are hacked more easily than a good combination safe.

Self identifying as a main body object in the science of astrology and claimed royalty sets someone up for a fall

My blog handle is a good example of the delusionality of silver and what it could, should and would be. That is my load to bear. But one thing that gives me peace and allows me to sleep well is knowing MS, GS and JPM cannot take my silver, despite best efforts to hold its value down. And silver interlopability is well known. That's why I have my LCSs on speed dial

bently
Feb 13, 2021 - 11:18am
Belladonna
Feb 13, 2021 - 11:18am

Pretty dissapointing

To see every comment on a precious metals site related to cryptos. I'm sure I'm not alone in that regard. I guess I'll return to the site on Monday.

bently
Feb 13, 2021 - 11:12am

More bullish signs...

I've appreciated great posts by fellow Turdites during recent days.

Here are a few (non-crypto) pro-PM points for consideration and encouragement...

Depending on the moment, both gold and silver are very near or in backwardation. Smashes are leading to more physical buying, not less.

Previous periods of backwardation have been followed by strong rallies. most notably, brief period of backwardation in silver in February 2011 was followed by doubling of silver price in six weeks, huge spike in gold, as well.

Gold deliveries half way through February, a delivery month, exceed 31,000 contracts, more than entire year of deliveries in 2015, 2017 and 2018.

As this site knows, Sprott Physical Silver Trust, unlike SLV, actually purchases silver, AND importantly, is now doing so at an accelerating rate -- 1,500,000 ounces in the past two days. The new movement is gathering momentum.

So March, the next silver delivery month, may well be the Come to Jesus moment for robber barons on the Comex.

While there is concern to see the 10-year rising, inflation and inflation expectations are rising faster...

Tavi Costa echoes Craig:

"Real rates lead the way -- new highs for gold ahead..."

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Blackwatersailor
Feb 13, 2021 - 10:56am

Oil in the north

Looks like oil is finally picking back up up here. Was literally dead for months. So I'm expecting the stocks to do well in late summer.

indiana rod
Feb 13, 2021 - 10:46am

Chip Shortage

GM CEO says chip shortage cut 2 billion from their profits.

I wonder why there is a chip shortage. Could it be a shortage of silver?

Ubik KosmilAGXIIK
Feb 13, 2021 - 10:42am

Cryptos

It's the wild west and there's lots of bullshit, ignorance, pump and dump, fraud, scams and hopium.

It's hard to make sense of if you don't take the time to understand the ideas and the players.

Despite my opening paragraph, I think cryptos are a revolution comparable to the Internet. And it's also a lot more political this time because it's all about decentralisation and individual empowerment.

I have not been able bring myself to buy bitcoin because I don't understand it's pricing.

Where I have invested is on the 'platforms' that run smart contracts. There I see the value and the once-in-a-lifetime opportunity to invest in the infrastructure of the next generation of finance.

I started with Ethereum but moved on now to a new platform that has learnt from Ethereum and is doing things rigorously to ensure safety of transactions and better scalability. That platform is called Cardano but believe Algorand and Polka Dot also are very well built platforms.

AIJ Tahoetommy
Feb 13, 2021 - 10:41am

Like the blind man told the Pharisees...

......after Jesus healed him...

" whether this man is from God or not..I know not......all I know is that once I was blind and now I can see"

Fiat earned can purchased physical metals and pay your bills....EOS.....

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