Loading ...re yr 5.17…a few points …who is this guy, he has sudenly appeared out of nowhere….he also wrong about the Clearing House…..if one party defaults they pass the hat around all members, so the exchange is effectively capitalised to the full value of all members.
Secondly Comex margins both Spec and Hedge are currently $ 25/27000, which is 6.83 % at $ 79.00…..that is no where near a panic reaction, it is close to complacancy, as if they want prices higher.
Thirdly I checked with Grok to see if there is any sign of emergency borrowing at the Fed window…..there is nothing, no signs of any panic borrowing, or even just larger borrowing.
The more I think about this it could be just vast physical demand and limited supply……the new battery needs @ 32 Oz per car…..as of now the Lith Ion with no silver battery is @ 25 to 30 % of the cost of the car……the first cars they are going into are top of the range…..@ $ 100,000, $300 Ag wpould add $ 10,000, for a gain of double the mileage , double plus the life , a 9 minute charge and no exploding….that is chump change….a $ 20 K increase ie $ 600 silver, is the same.
Securing supply sub $ 300/600 is a no brainer.