hi this is mike maloney with jeff clark once again and jeff has some questions for me jeff how are you doing i'm doing great it's great to be back with you again mike of course and uh i want to talk about this topic is something big happening in the silver market because there's a lot of things that are still gelling in the silver market happening behind the scenes the undercurrent if you will and i just wonder if this pretends that something bigger is coming in the market so uh we're gonna center everything around


that today as something uh big about to happen in the silver market so so the first thing i'll draw your attention to mike is a tweet from our friend david morgan that he put out yesterday and as he says here i've been hearing for years stand for delivery role rollovers occur and people get excited maybe just maybe this will be the time to stand long and strong and see the results and he references another tweet from a bob coleman and bob says another 8.9 million ounces left the registered


category last friday he's referring to the comex uh which was reported on february 22nd this is in addition to the 5.5 million ounces that he posted on friday so this was all just yesterday that came out so that's a lot of silver ounces that have been you know requested for delivery so on the comics there's eligible ounces that are eligible and then they can move into the registered category and when they move into the register category that means those uh can be taken delivery of and so that's a lot of ounces at the


comics mic that are standing for delivery and have taken delivery so what do you make so well he didn't say that they that it was delivered did he did he say that uh moved out of the registered category right is that the easter egg left the registered category so it goes from oh it could either be that it was delivered or that it went back into the eligible category and for people that don't know eligible just means there's a bar in a vault that meets the requirements it's 999 fine it's from a recognized hallmark and


it's plus it's a thousand ounces plus minus 10 percent um and and that's what you have to have to be eligible once you've got your silver in the vault and it's eligible you can decide that it's up for sale or you can take it out of that category it can be eligible or it can be registered when it's registered it's basically up for sale it could be used to deliver into uh and so we don't know from that statement whether or not uh that was part of the deliveries or if some of that went back


into the eligible category because the sellers were thinking there's higher prices coming and i don't want to let go of it today um however you know you covered three different questions here um you've got the big question is something big happening in the silver market and uh the answer to that is definitely yes this is something big um the wall street silver crowd the reddit crowd uh have caused a lot of action in the silver market lately with a big response to the powers that be to try to


keep the price suppressed and you know because they would the powers that be the big boys would would be the ones that are on the losing side of the bed and that usually doesn't happen to them so this is great that uh the uh wall street silver crowd the reddit crowd is putting this extra pressure on them however it's not coming at the same time as like a market crash or some economic crisis if it doesn't drag gold with it i think that it will probably fail i think they will exhaust the amount of


fresh inflows that can happen i mean they need more capital every day flowing into the silver market and once they get past that strategic resistance at that 30 level uh there probably would be a lot more short covering uh and the and then and to do that they do need to do what david morgan says and this is a very old saying in the silver uh area is stand and deliver uh and you can do that by getting a futures contract and then taking delivery but there's another way to do it you can just buy


physical because so some mint or uh somebody somewhere has to buy thousand ounce silver bars melt them down and pour 100 ounce bars or pour you know the refiners uh also pour hundred ounce uh bars but uh somebody has to make hundred ounce bars out of it ten ounce bars out of it uh silver eagles silver balance you know some sort of smaller product it all comes from the thousand ounce bars so stand and deliver means two things it means either get a futures contract and then take delivery of it as soon as it matures


or just buy physical right now and don't put it in a commodities exchange vault so the the big picture is yes something gigantic is happening it'll either cause silver to go way up or to fall but if it falls it's temporary and i hope that the if they're uh doing this short squeeze into strength in the markets uh into strength in the in the financial sector it's a lot harder than uh if it came along with some sort of crisis then all of the uh uh hedge funds and and uh the banks that are short silver


would have to cover and uh it would cause an explosion in the silver price so they will either be successful or they will fail at that if they fail at that i think we could see gold silver ratios back up in the 80s or possibly even back up in the hundreds and a big opportunity probably the last opportunity to buy because uh the even bigger story um michael bury the guy that uh that uh predicted the crash in 2007 2008 the global financial crisis and and figured that it was all of these real estate


derivatives that were going to cause a breakdown of the financial system he was one of the few people that warned about it early although i was saying that it was going to happen there were several people uh jim grant was also a very early uh person that was alerting everybody uh and uh so he predicted that now he's predicting uh weimar style hyperinflation due to this you know the crazy uh the modern monetary theory which can't work it's just another form of theft and to create a greater


uh you know you're putting these experts in charge of everything and they get to shuffle the deck even more because what they're going to do is pay for everything just by printing currency and then to prevent hyper inflation you just take a whole bunch of it back and then redistribute it through very high taxes so they're going to give a bunch of people currency and then they're going to raise taxes on anybody that actually produces something it creates true wealth they're going to


punish success and reward failure again and they're going to do it by printing currency uh that is a recipe for disaster but uh it's you know we've we've got these very loose monetary policies and so uh if if if it's going into savings accounts velocity slows to counteract all the creation of currency and so what michael berry is worried about is that we're coming to the end of this covid crisis the pandemic and as we near the end of that velocity should pick up and at first you know


i read a stack of books like this to do my one chapter which is only only like 16 pages on the weimar hyperinflation uh but it was very very important to get as much information get good quotes uh and write the chapter on uh germany and the and the weimar hyperinflation and um uh there uh it was the anxiety of uh war and and and losing the war as their borders were collapsing in on them uh the uh mark gained in purchasing power uh they they were able to print vast quantities of currency without prices


rising because everybody saved it it's all in episodes uh seven of hidden secrets of money and so uh we are getting to an inflection point here it's coming soon uh and the uh silver story will play out one way or another it may not happen today with the wall street silver people i hope it does i hope that they're successful if they fail at finishing this short squeeze then uh i believe it'll cause a a pullback and that's going to be one of your last opportunities because a financial crisis will be


successful at this there is a day coming and it's getting closer and closer and closer and the rest of the markets the stock market real estate they are so out of balance with the real economy that it's just totally insane i mean we've had a contraction in gdp yet the the uh the stock market and real estate sword during the pandemic they've been soaring so as businesses are actually having less profits and less sales and uh as people are uh getting you know if they lose renters and stuff there should have been real


estate going on the market uh for less there should have been more sellers than buyers and downward pressure on the price yet the price has soared 14 last year on real estate this is crazy and so we've got these multiple bubbles everywhere and then the biggest bubble on earth the debt bubble uh the bond bubble and when these things pop uh people will seek the safe havens and when that happens the shorts the the shorts are going to get squeezed and that opportunity will be over with uh so it will happen one way or another


the uh the reddit crowd could be successful at this and they might be but either way uh there's either an opportunity right now to get on the train and uh and ride along with it with their short squeeze or there's an opportunity coming in the future if they uh aren't successful at it to buy uh silver uh significantly less you know probably down 21 or something like that possibly even less than that um and that will probably be your last opportunity so that's my opinion on it yeah very good i like that michael bury


quote for another reason as well because he was one of the few people there were a handful of of investors that figured out not just what was coming but how to profit from it and so if we want to profit from what is coming we can do the same thing by buying physical metal i mean if you want the system to have less control over you if you want the powers that be to have less control over you the more physical you have the more that happens and so buying physical really is the the way to make this work and the way to protect


yourself and the way to profit from you know what mike and i are just very convinced is coming at some point so on to this next article mike and this was very interesting to me because some investors say well i'll just buy the etf silver product or whatever etf it might be and then if i really want to take delivery of metal i'll just request it well turns out that this article shows the royal mint is ending its physical delivery agreement with wisdom trees gold etc etc meaning an exchange traded commodity so this is


like an etf basically that held physical silver and you could request delivery from it and the royal mint said we can no longer allow that so that's another reason why i wanted to bring this topic up is something gelling in the silver market because the only reason for them to really stop doing that is because they're having trouble getting the metal sourcing it delivering it you know whatever the case might be so but i think it's just another reason why you want to be careful using a paper


silver product instead of the real thing because they can just change the rules and that's exactly what happened here they changed the rules yes and that's the reason i keep on uh talking about buying physical and i have been since i wrote my book uh you you want to run for your life from all of these games that are set up by the powers that be by the the the big my by wall street and the big banks uh if you're playing their game they get to change the rules anytime they want uh you know one of the things that


you're going to see um as bitcoin is becoming more you know bitcoin has been all the big news lately but it has become more and more mainstream uh in that uh there's futures and options now that are traded on bitcoin and so um as they as it becomes more and more mainstream uh futures and options is another way that they can uh manipulate things that the big boys can manage so it it eventually right now bitcoin is trading uh in a type of pattern that is repeated before and it was expected and


one day though that pattern is going to stop uh playing out and it will be much more manipulated someday in the future but right now uh you can see that um the when the public is just allowed to play the game on an equal set of rules uh these there's big winners and there's uh losers but it's it's a natural distribution it isn't all in the hands of the big professionals the people that are running the game because the like you just said the people that are running the game can


change the rules at any moment and so you think you're winning and then suddenly you find out your loser you're just sitting there with a share of this fund instead you can't you can no longer get physical out of it and then the price of the share just like it says in the uh slv prospectus the price of the shares can diverge from the price of physical silver and fall you know due to certain market illiquidity conditions uh so anyway these are things to stay away from yeah so i think you're on a fortium and


unobtainium scenario we've talked about it for a while but these are the kinds of things that are shaping up and and forming now that could be leading us to that very scenario um i i just see a scenario where if you know enough of these etfs just can't get enough product they may all have to stop any delivery quests and of course most of them don't allow for for delivery to a retail investor like us uh usually it's reserved for institutional investors so you know this is very interesting this development


setting up where it could be unobtainium you know in that scenario so you really want to make sure you get you know physical now while you still can um before it's too late well this has been great mike thanks for weighing in and i'll see you on the next video okay thanks jeff