Any such investment would take place at a significant premium to the current market price. And I’ve been to Asia many times looking for strategic partners and negotiations have progressed to the advanced stage. This is the same group that financed Osisko from $20 million to a $4 billion market cap. The point is, Eric, they are looking at this as a long-term investment. In the middle of a rising gold market we have now secured the strongest Quebec funds to back the company, and I’ve announced a closing with them at 24 cents a share, without any warrants, with a lengthy hold period.
We have one of the best teams on the planet leading the exploration program in arguably the best jurisdiction in the world, with a 3.2 million ounce head start. Matthew, CEO of Maple Gold: “Right now we are sitting on the next great Canadian gold story. ”Įric King: “Matthew, I have been buying more shares of your company’s stock recently and have now purchased a total of 1,500,000 shares because I believe it is one of the great gold opportunities of 2018.” So the next couple of weeks could lead to some big upside surprises. It could even lead to an asymmetrical blow-up, causing the silver price to skyrocket. When availability of physical metal is tight, as it is at present, as evidenced by the silver backwardation with spot trading above May, delta hedging can go awry. This Could Cause The Price Of Silver To Skyrocket But this tactic does not eliminate all of their risks. To try controlling their risk, they delta hedge their short option positions. One of these times the central planners and their friends shorting paper silver are going to get crushed. They do this so as few calls as possible expire in the money, which lessens the pressure on them to deliver physical metal.īut it doesn’t always work that way. We know from past experience that the central planners will be out in force attempting to keep prices suppressed before and during the option expiry period. Over the counter options then expire up to the end of April. Option expiry for the important May delivery month starts in less than two weeks on Wednesday, April 25th. It operates behind closed doors, and central bankers only tell you what they want you to hear. Today the cartel is secretive and surreptitious. The cartel even had a name it was called the London Gold Pool. The cartel was visibly active because the central banks in the cartel reported flows of physical metal. Back then, everyone knew that the central bank price suppression cartel existed. There are differences between then and now of course. They know just like you and I do that that they are fighting a losing war, just like the losing war they fought in the 1960s. I suspect that the central planners are sweating bullets right now. That’s because all the central planners can throw are paper punches. Importantly, there is never a knock-out punch. No matter how hard the central planners knock it back, silver keeps getting up off the canvas. Powerful Inverse Head & Shoulders Pattern Projecting Much Higher Silver Prices! It’s the same one we have been talking about for weeks, but updated through today’s Comex close: Take a look at this chart of London spot silver. The market will never accept an infinite supply of paper silver, just like Weimar Germany and Zimbabwe found out with their paper currencies.Īt the same time paper silver becomes less valuable, the aboveground stock of physical silver becomes more valuable. The reason is that paper silver becomes increasingly valueless as its supply increases. For more than two months, every time silver has challenged $16.80, the central planners sell whatever amount of paper they need to keep the silver price contained.īut – and here’s the important point – the central planners are going to lose this battle and indeed the war. When it comes to supressing precious metal prices, they never give up, persistently pounding them time and again. With gold and silver rallying amid global tensions, James Turk just told King World News that this may cause the price of silver to skyrocket.Ĭentral Planners Will Lose The War On SilverĪpril 13 ( King World News ) – James Turk: “ The central planners are relentless, Eric.
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