We could be on the verge of the "mother of all short covering rallies" for #SILVER
Managed Money is now over $1 Billion net short in notional value
CAN YOU DIG IT!!!!!
This morning:
- MicroStrategy buys another 51,780 BTC for $4.6B
- MARA announces $700 million convert to acquire more BTC
- Semler Scientific raises $21mm ATM and acquires 215 BTC
- Metaplanet issues ¥1.75B debt offering to buy more BTC
The corporate Bitcoin race is heating up.
**Tether Alert**
The idea that Wall Street is embracing Tether and Bitcoin is much clearer.
The more Tethers are being bought, the higher Bitcoin goes. The higher Bitcoin goes the more Tethers are being bought.
As Tether grows in size the more US Treasury debt is being
If you are wondering why Crypto and Bitcoin are being embraced by Wall Street and the new Administration, you need to watch the following.
Whatever you thought of Fedcoin, forget it.
youtube.com/watch?app=desk…
1/9 The biggest buyers of physical gold and silver right now are the Banks who are involved in the precious metals derivatives and trading markets!
Are growing risks of default or failures imminent?
****Silver Alert****
We are having a blow out in the EFP (Exchange for Physical) Premium in silver. This appears to be someone caught short or bidding up the March Silver contract against the spot market.
Have not seen this type of blowout since 2020.
#Gold and #Silver Alert
CME is hiking margins on gold (4.5%) and silver (4.16%) futures contracts effective November 1, 2024
This is the second hike within a week for silver.
According to JPMorgan, shifting just 0.5% of foreign-held U.S. assets into gold in the coming years could be enough to push gold to $6,000 per ounce by 2029.
***#SILVER ALERT***
This will be one of the greatest charts you will find on the internet regarding Silver. I have been consistently expressing the importance of the Exchange for Physical Premium (#EFP) for Gold and Silver. This is the spread trade that connects physical and