Re: Maduro and Venezuela ... Did the US do the right thing?
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Loading ...As zerohedge reported:
“Silver just printed its second straight red candle for the first time since the squeeze began — and momentum is starting to crack. With price slipping below the 8-day, RSI diverging, rebalancing supply looming, and volatility still extreme, the next move could be fast and unforgiving.”
Looks like they were right. Not sure why two red candles should produce such an unforgiving rapid upwards breakout, but, there ya go.
Well maybe they learned something from the Hunt Brothers. They used leverage they didn’t have. At least they didn’t use other people money to do it or say leave them holding the bag when they went bankrupt.
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With the new regulations starting tomorrow, I wonder if the mining stocks will finally start participating.
Here’s another video.
It looks like the rule starts Monday. But the rules didn’t just change — it has been coming for quite some time. And some banks and countries have already been positioning for it.
It’s possible they can no longer short gold and silver, and must start acquiring them. And start closing paper positions. Possibly closing client positions, but many will be closed with paper dollars. They may have a year to fully implement.
That basically the world banking system is being converted to being backed by real assets, gold and silver. Not US dollars and US treasury notes. That this is the Great Reset. Of course, I don’t understand the details.
I wonder if some of those videos about each of the big banks means some are going to try to implement over a much shorter time period – 1-3 months.
I found this:
The Net Stable Funding Ratio (NSFR) is a Basel III banking regulation requiring large financial institutions to maintain a stable funding profile for their assets and off-balance sheet activities over a one-year horizon…
Apparently, it may, actually most likely will, tighten credit markets.
Unless they can back their position with silver. Hope this is true.
from what I can tell and what I’ve read in Shanghai, silver price has a 13% VAT tax added to it… The tax is only collected if physical metal change his hands, but it’s used in the quotation…