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Thursday (Friday) Conversation - David Jensen


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.



Feb 13, 2021 - 3:52am

Make it into a post

Make it into a post as well. It pretty much sums it up allright...

Feb 13, 2021 - 3:42am

Spidey Senses triggered

Libero; you articulated a distinction under which all cryptos are masquerading. That their premier utility function presently lies in speculation over the value of a book entry on a digital ledger; aka a smart contract; as exemplified by the convenient hypothetical extrapolation model offered here by Aij Tahoe.

Smart contracts do promise secure network accessible book keeping when recorded on a blockchain. It could define ownership rights for fractional royalties under a trade agreement between corporations; or a use dividend as Kinesis offers; linked to a quantity of precious metals and funded via transactional fees. Contrast this to postulating that a fixed segment of code; a key that grants access to a blank page in a virtual book if you like; of (a)nth quantity pages; but with no stipulated contract written on the page; has accruing value beyond its mere transportability of ownership of the empty page between clients on a network; is a pure mind fuck... Think about that for the weekend; while examining the folly of forward looking Ponziesque projections which have become completely divorced from utility value of the page based on past speculation.
Using the logic offered by coin speculators; these books full of empty pages devoid of real contracts will mathematically be worth more than most people on Earth earn in a lifetime...and roast the world's power plants to compute; all devoid of a link to a performance contract or a real asset; oh dear....

Your question illuminates a distinction which has given pause to those whom do see utility value in a blockchain; recognize that there is no limit to the quantity of blockchains which can be running securely on a network linked to actual smart contracts; but observe the folly in the propensity for greed over proliferation of coin speculation based on a 'limited quantity model' of 'empty pages where the contract should reside' punch line. But that virtual blank page is always worth whatever someone is willing to pay.

Feb 13, 2021 - 1:09am

It is all about empowering the stakeholders

By empowering the stakeholders to be agents of change, the strengths, weakness, opportunities, and threats will be fully analyzed. As a result, the barriers will be broken down, allowing a paradigm shift in cryptographic technologies.

Feb 13, 2021 - 12:51am

Okay help me understand this stuff

so I google $LINK because mavens was mentioning it a lot. And one site it says this:

"Chainlink is a cryptocurrency aiming to incentivize a global network of computers to provide reliable, real-world data to smart contracts running on top of blockchains.

If you’re unfamiliar, smart contracts are agreements programmed to execute if and when certain conditions are met. To date, smart contracts have been used for everything from creating novel crypto-financial products to developing new crypto assets."

The last sentence, "To date, smart contracts have been used for everything from creating novel crypto-financial products to developing new crypto assets." is unreadable. What is the difference between "...from creating novel crypto-financial products to developing new crypto assets."???? I mean aren't they the same thing? Creating and developing???

I want to understand this stuff so badly but when I read something like above, I get the feeling it's all just a bunch spin doodlyduck.

Any elucidation on the wording "from creating novel crypto-financial products to developing new crypto assets."??? This may be on the SAT's.

PS- the above quote from https://www.kraken.com/en-us/learn/what-is-chainlink-link

Feb 13, 2021 - 12:36am

clif high

is a barometer.


Feb 13, 2021 - 12:34am

Platinum is due for a pullback

Here is the latest 1 year platinum chart with commodity channel index, full stochastics, and relative strength index shown below. All three of these indicators are indicating overbought. I've put vertical lines the last few times that the chart has had this trifecta of similar indicator values.

I could be wrong, but I think platinum may drop in price over the next month or two. If it gets back to the resistance level around $1150, I'll happily buy some more.

Dr. P. Metals
Feb 13, 2021 - 12:09am

Hope Marchias

Kept his doge

Dr. C. Ryptos

AIJ Tahoe
Feb 12, 2021 - 10:39pm

Opportunity ( not financial advice )

  • 1st Halving $1,135/12 = 94
  • 2nd Halving $19,641/652 = 30
  • 3rd Halving $ X/8,592 = ??
  • If the lower multiplier of 30 used, then the 3rd halving high target is:
    • $ 257,760 ( May 2021 / Maybe )
      • Let's say Silver gets to $ 100/oz by May 2021
      • That would mean you could buy 2,577 oz of silver
      • Or about 4 monster boxes if the current price 3x's due to $100 AG
        • ( if you could find AG at that point ) for 1 BTC
        • All you would have to do is send your BTC to an online bullion dealer that accepts Bitcoin / many do

$19,641/$3,185/$8,592#bitcoin pic.twitter.com/o9SB5CfBRL

— ChartsBTC (@ChartsBtc) February 13, 2021
Feb 12, 2021 - 10:20pm

Weed company also securing direct silver supply


Apparently, their CEO, Brandon Romanek, is a former PM trader. The post claims silver is used to reduce the herb's drying time from 14 days to 14 hours. Who would've thought.

I wonder if he's sourcing direct from miners, like the First Majestic to Scottsdale Mint link.

More of this is bound to happen, as the paper/physical gap widens. Clever solution.

Feb 12, 2021 - 10:14pm

Maxing out gubmint benefits

Don't file your 2020 tax return if it's going to put you over the income limits to receive the max gubmint helicopter money. Gotta play the game and win at whatever you can. My wife earned $1900 self-employed income in 2019 and the gubmint gave her $22K in unemployment benefits in 2020. Who am I to complain if the gubmint is giving away free money. The unemployment benefits puts me over the income limits to max out the helicopter money so I am going to file an extension for my 2020 tax return all the way to October to make sure my 2019 tax return is what they look at to send out the helicopter money now and any additional money from Congress that may be passed later this year. Gubmint bought me a new car last year, how nice of them. And the kicker is she's still getting $563 a week and Biden is going to increase it and lengthen the time she gets it

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Key Economic Events Week of 2/22

2/22 10:00 ET LEIII
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Key Economic Events Week of 1/25

1/26 10:00 ET Consumer Confidence
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1/4 9:45 ET Markit manu PMI
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Key Economic Events Week of 12/21

12/21 8:30 ET Chicago Fed
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12/22 10:00 ET Consumer Confidence
12/23 8:30 ET Durable Goods
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12/23 8:30 ET Core Inflation

Key Economic Events Week of 12/14

12/15 8:30 ET Import Price Index
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12/15 9:15 ET Cap Ute and Ind Prod
12/16 8:30 ET Retail Sales
12/16 9:45 ET Markit flash PMIs Dec
12/16 10:00 ET Business Inventories
12/16 2:00 ET FOMC Fedlines
12/16 2:30 ET Chief Goon Powell presser
12/17 8:30 ET Philly Fed
12/18 8:30 ET Current Account Deficit
12/18 10:00 ET LEIII

Forum Discussion

by Pete, 12 hours 34 min ago
by kmac153, Feb 26, 2021 - 5:42am
by scoremore, Feb 24, 2021 - 8:13pm
by Green Lantern, Feb 24, 2021 - 6:17am
by 11IMIX, Feb 23, 2021 - 9:24pm