CME is losing business. Why is this? How is this bearish for silver? I’ll tell you how. One of the key aspects of the precious metals phenomenon is the I’m sorry to use the phrase but the democratization of ownership So when China encourages its citizens to buy instead of one person buying a million ounces It’s a million people buying one ounce and that’s very bullish. That’s like an IPO now in the US Watch I’ll bring this to the CME. The CME is Simultaneously raising the margins because they don’t want to encourage stupid speculation on the big contract While launching a 100 ounce contract They want the retail to come back to them when you create a smaller contract for the masses to use.

It’s bullish It’s not bears. It’s bullish and they want to get the retail out of the out of the regular contract So yeah, it’s probably going to be something that they make us hold a bag on at some point, but it’s bullish Raising the margins on the bigger contract while creating a new contract for the retail to buy is like Breaking open a pack of cigarettes and selling them one at a time Everyone just gonna just buy the shit out of it Then you’re gonna have packs gold you’re gonna have CME silver you’re gonna have some Robin Hood bullshit item and you’re gonna have all these things happen and It’s gonna be in your face It’s like why why does a stock go public a stock goes public because it raises awareness and everyone starts to buy it Well, this is the awareness Costco the US mint CME this is all bullish.

It’s not bearish some day. It’ll be bearish but not yet moving on News and analysis other work that we did yesterday. We’re quite proud of the gold operators the Jesse Livermore Redux That’s a chapter of the book we’re working on And it’s about technical analysis and market flows and the psychology of markets founders wire lease rates low If China silver is so high I intimated that a little bit some here and the Michael Oliver interview Daddo on deck today is PPI. It’s January 14th Please buy new mugs and sweatshirts in addition to our hats and support independent media Let’s take a look at the chart Alright, we talked about measuring moves in silver.

Well, my measure move target is you know, give or take 93 70 We’re almost there And that’s the way it’s supposed to happen you Break out of this and depth equals distance It’s amazing. Actually Gold I neglected to mention goals because let’s face it so we’re just more fun to look at right now But gold has one too It didn’t have one here But now it has one and this this one actually this one actually failed. See this one here That’s a failed Uh measured move, but this one is not And this one projects 4800 so We’ll see i’m vince.

Have a great day Well, thank you vincent for another great show this morning And thank you to you at home for being out there and joining in here and watching along with us Fun to talk with so many of you in the chat and if you enjoyed the show go ahead and hit that subscribe button and the notification bell so that you can stay posted as These different events continue to unfold in the precious metals markets And just in case you missed what vince had to say yesterday. Well, that one is coming your way now So
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