Topic: Comex

Inventories at the LBMA and Comex are reportedly being drained as capital flees paper systems. The concept of "The Great Taking" is discussed, where banks maintain ownership of depositor assets. Recent silver price volatility is explained as a result of short sellers being squeezed and forced into liquidations.

Dr. Kirk Elliott explains that the recent "violent" correction in silver prices was an artificial move by banks to cover naked short positions. A massive supply crunch is developing as China halts silver exports and global demand for manufacturing increases. Elliott advises that the current downturn is a buying opportunity, as the long-term fundamentals for silver remain extremely bullish due to its scarcity and industrial necessity.

President Trump’s focus on Greenland and rare earth metals is part of a broader strategy to reclaim American economic hegemony from China. The Comex exchange is reportedly running low on physical silver inventory as international buyers bleed the vaults dry. In response, the Pentagon has been ordered to prioritize silver refining and domestic mineral processing to ensure national security and industrial stability.

China is currently offering a premium price of $103 per ounce for silver, signaling a desperate need for physical delivery and a move to corner the market. Major financial institutions like Bank of America and Citi hold massive short positions that exceed annual global production, creating an "impossible math" scenario. As the COMEX runs out of physical silver, Trump's proposed tariffs on the EU are expected to further disrupt the flow of metals through London.

Donald Trump issued an executive order regarding critical minerals to shore up the U.S. supply chain and reduce dependence on China. Dr. Kirk Elliott explains that China is currently paying a $13 premium over the spot price for silver, leading to an arbitrage situation that is depleting COMEX inventories. The technical "ascending triangle" pattern suggests silver is on a run toward $100 per ounce, driven by fundamental supply and demand rather than mere speculation.

The American silver dollar was originally based on the Spanish "Piece of Eight," the world's dominant currency during the American Revolution. Bracken notes that China has recently banned silver exports, removing its supply from the global pool managed by the LBMA and ComEx. He predicts that the U.S. will eventually be forced to blockade silver from Mexico and Peru to prevent it from reaching China.

Dr. Kirk Elliott discusses the recent drop in silver prices from $85 to $75, attributing it to bank manipulation during low-volume holiday trading. Despite the dip, China continues to buy silver at higher rates to secure supply for industrial needs like EVs and AI chips.

Economist Dr. Kirk Elliott reports that silver has surged to over $64 per ounce, marking a 115% increase year-to-date. A critical technical signal was breached when silver broke through the S&P 500 index on a chart, a phenomenon that previously led to a 10-year bull run. Elliott predicts silver could reach $120 to $140 by summer 2025 as industrial demand for AI chips and electronics exhausts global supplies.

Economist Dr. Kirk Elliott discusses the recent halt of silver trading on the Comex, which he attributes to a physical supply shortage rather than technical issues. The Federal Reserve's injection of $13.5 billion into the repo market is cited as a sign of economic instability. Silver is reported to be up over 97% year-to-date.

Dr. Kirk Elliott explains that the London silver exchange has effectively run out of physical metal to meet delivery demands. He analyzes a massive trade for 400 million ounces of silver—nearly half the global annual mining supply—which he believes forced the Comex to halt trading to prevent a bank default.

The London silver exchange is reportedly facing a massive shortage of 700 million ounces, leading to a state of "backwardation" where spot prices exceed futures prices. China has restricted silver exports, further squeezing the London market. Dr. Kirk Elliott predicts that silver prices could reach $75 by the end of the year and over $120 by next summer as the manipulation of the market unravels.

Major banks allegedly shorted 483 million ounces of silver in a single day, representing 57% of global annual production. This massive short position, combined with Trump's 50% tariff on copper, is expected to trigger an explosive "short squeeze" in silver prices. Reports from the LBMA and Comex indicate that "free float" silver is at its lowest historical point, suggesting a physical supply shortage is imminent.

Elliott highlights a massive increase in physical silver delivery from the COMEX, suggesting that industrial demand is outpacing supply. He discusses the "naked short" positions held by major banks like JPMorgan Chase and HSBC, predicting a massive squeeze as silver prices rise. He warns that if one of these "big three" banks fails due to their leverage, it could trigger a global financial collapse.

President Trump is set to launch "Liberation Day" by implementing tariffs against trade partners like China and Japan, who currently impose high duties on American goods. In anticipation of this economic shift, gold prices have surged to record highs above $3,100 per ounce. Market activity at COMEX shows an unprecedented demand for physical delivery of gold, suggesting that major entities or governments are moving away from paper contracts.

Goldman Sachs has significantly raised its gold price forecast for 2025, moving from $3,300 to as high as $4,500. A potential short squeeze is developing as institutions holding "naked shorts" are forced to buy physical metal to fulfill contracts. Physical delivery demands at the COMEX are increasing, leading to visible shortages and soaring prices for both gold and silver.

Economist Kirk Elliott discusses gold surpassing the $3,000 per ounce threshold and predicts it could reach $4,000 by the end of the year. Elliott warns against "scam" collectible coin dealers who charge excessive premiums, advising listeners to buy only at wholesale prices. The segment highlights the massive outflow of silver from global vaults as a sign of impending market shifts.

The COMEX has reportedly delisted several gold and silver futures contracts and deleted past transaction data, a move Kirk Elliott interprets as a cover-up for massive physical deliveries. Gold is reportedly being repatriated to the U.S. from the Bank of England and other European vaults. Elliott suggests that a major entity, possibly a government, is taking physical delivery of precious metals at an unprecedented scale.

Gold is approaching the $3,000 mark, while silver is outperforming other assets as a "flight to safety" during economic turbulence. Dr. Elliott recommends silver over gold due to its industrial demand and a favorable silver-to-gold ratio. Listeners are advised to avoid high-premium collectible coins and instead focus on wholesale bullion through a free consultation at KEPM.

Dr. Kirk Elliott discusses massive inventory outflows at the COMEX, suggesting a potential short squeeze in the silver market. He predicts that silver could reach $50 per ounce within six months due to unprecedented industrial demand and mining shortages. Elliott warns against "semi-rare" coin scams often advertised on other networks, urging investors to stick to wholesale prices.

The host predicts that Donald Trump will reform or leave NATO to end the "waste of money" and avoid being dragged into a European war. Dr. Kirk Elliott points to a massive explosion in silver inventories at the Comex, with 55 million ounces requested for physical delivery in March. This "rush on silver" is interpreted as a sign that the price of the metal is about to increase significantly.