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Summary
Transcript
So I always remember what happened in 2020 to 2022 This is the zombie apocalypse hot sauce Which I plan on never opening unless I have to eat people but because I stack gold and silver I don’t expect to have to eat people in the endgame But I will be donating the zombie apocalypse hot sauce for anyone who has to eat dead bodies on the run When the virus struck for obvious reasons the first ones to go were the fatties But you see I have the zombie apocalypse hot sauce strategically placed next to the kovid it Because they’re basically the same thing and why am I talking about the kovid it now? Well There was another suicide in my community Unfortunately recently and I’m not allowed to say anything about linking it to lockdowns So I won’t because you can’t say things like that.
Anyway, I’m kind of pissed off But hey, we’ll talk about a golden silver and hopefully I’ll cheer up Because the faster the endgame comes The faster people are going to have to work to live and that will keep their minds off of their own PTSD So they can function like humans instead of dwell on their own pain Constantly as the government gives them welfare checks and they don’t have to do anything This video is brought to you by my substack and also my patreon where the next thing we’re going to talk about is The new silver standard of Ezekiel.
Yeah, I found during end times There’s going to be a new silver standard. The shekel is going to be revalued from 20 to 25 Relative to gold so we started at 20 and they’re gonna go to 25 Something like that. I mean it’s all in the verses You’ll have to check out the patreon and check it out in the link in the description below It’s only three dollars a month and I only charge that to keep out the trolls because I don’t like those things Anyway, we’re gonna go on with the slides and the physical buying in the New York futures market Yesterday and we’ll move on from there eventually to New Zealand Okay, so first of all the huge physical gold buying yesterday So we see here this on the left here is the COMEX delivery reports So I highlighted when there was a spike in deliveries You can see here on May 19th and May 20th 858 and 756 deliveries that was both more than the day after first notice Here’s first notice.
That means when the contract goes to delivery. There’s 2,476. We haven’t gone above that but These are two big buying a big Warrant delivery days for physical gold on May 19th and May 20th and again yesterday on May 26 You could see more than twice that amount 1,873 deliveries on yesterday alone. How did that happen exactly? Well, you can see here in May 2026. This is the COMEX stats for yesterday May 26th and we can see that 1060 new contracts were opened in spot gold in May. It is now May So that means that whoever was buying this contract expected immediate delivery or at least one day or two delayed and we see here another thing and that is that at close open interest was 355,800 contracts.
I’m rounding up by one contract. You can see the actual number here But we have we have two more days to wind down the June contract before it expires or goes to delivery we have sixty three thousand five hundred contracts once again, I am rounding up by a Number by one contract. I think that’s kosher. I think that’s okay. What I’m saying here is that there’s there’s a lot There’s a lot of physical buying going on at these price levels around forty five hundred and I’ll prove that in the next slide What you see here is the gold price and I have put in and black rectangles the Candles that have induced the high deliveries.
So that’s around this 4450 500 zone you can see here is the low in gold after the crash to about 4100 a little bit below 4100 so we see here that when we get to this level this line There is a lot of deliveries that are demanded so I don’t think we can get much below This line because that’s when physical buyers come in and say well gold is that cheap. I’m gonna buy some actually I’m going to get delivery of the contract and I’m going to get the warrants into my account And if you want to load out you need a million dollars or more in total assets And you need to use a broker that can do that.
I tried to do that and I failed I’m just trying to get people to stack gold and silver so they don’t have to use zombie apocalypse hot sauce To make dead bodies more palatable gold open interest to hit still new lows You saw the open interest number that I showed in this in Two two slides ago three hundred fifty five thousand eight hundred again rounding up by one. I’m sorry So this number three hundred five thousand I drew a red line where that is I zoomed in like eight hundred percent and I counted by the pixels So this is this is a pretty accurate red line here I’m pretty proud of it like if I’m really if I’m good at anything.
It’s drawing red lines at places that are accurate Relative to open interest in the gold futures market that should be on my tombstone I think you’re 55,000 This is the low that was hit in April and we’re gonna get below it why because there’s like 63,000 contracts still open in June gold it goes delivery in two days two days two days Those are all gonna be cleared out there some they’re gonna be rolled over but some they’re gonna either go to delivery or they’re gonna Be canceled out there and re-closed So I think we’re gonna hit maybe like 340 330 maybe even 320 320,000 contracts before we head back up again.
This is It’s an extremely low number. I’m sorry if you heard that my window just farted I don’t know what to do about that. That’s like a structural problem anyway, so Technically in the technical sphere, I’m not a big technical trader, but I can see basic Patterns here and the basic pattern that I see here is That gold has been struggling against the 50-day moving average, which is it’s a it’s it’s a pretty short-term Average here. So if we’re struggling against this tiny little average We’re not quite in a bear market yet We’re not even close But anyway, if we can get above the blue line here, which is the 50-day moving average Which is currently at 46 48 and I can have any day Then that would mean that that would suggest that the current correction Is the nearing its end or over I titled this slide the missing piece Fiat money is the bond market.
Now. What does that mean? What do I mean by that? The bond market is telling us the free lunch is over. This is an article from I think axios The bond market is telling us the free lunch is over and you can see here in the picture of the free lunch What is the free lunch? What is a free lunch? Well, it’s just borrowing from the future. You can see here. Here’s a dollar crumbled up Um, here’s a thousand. I think it’s yen Maybe it’s ya one. I don’t know that looks like an asian-looking guy.
It’s either china or japan Maybe thailand i’m such a racist. I don’t know. I can’t really tell the difference between them. Sorry It works by detecting light reflected off the skin. It doesn’t seem to see black people. That’s more than weird veronica. That’s basically Well racist and uh, I don’t know what that is. Uh, this is a fork I know what you do with the fork. We see here. Uh, here’s the caption for most of this century Rich countries have enjoyed a seemingly free lunch They could spend money as needed cut taxes at will And stimulate their way out of problems without paying a price in the form of higher borrowing costs on inflation the big picture That era is over Right.
Okay. There’s no more free spending The 145 trillion dollar global bond market is flashing red to sing red signals There’s now a price to be paid for governments that indulge their profligate impulses. That’s crazy Why should there be a price to be paid for profligacy? Is it because economics is a study? Of scarcity and choice. Well, what did I really want to say about this slide? That is okay So forget about everything that was written by the idiot who wrote in this axios piece about interest rates going up What he doesn’t realize is that like 90 to 95 percent of the money that’s in your pocket And by pocket, I mean actual pocket or in your bank account Or in your brokerage account or whatever it is that you think is money other than gold and silver.
That’s your pocket All that money that’s in your pocket. It’s like 95 percent bonds Why is that because the issuer? Of the paper of the digits or whatever they are That you count as money 95 percent of that on their balance sheet Is debt it’s bonds. That’s what it is. So if bonds are going down Don’t be surprised when the purchasing power of the money that you have Goes down if this is The top of the bond market If interest rates are going up in the bond market is going down The purchasing power of the debt that you own that is owed to the public By local and federal and state that was in order government Thy that’s going down.
And so the purchasing power of what you think you have It’s going way way down Way down way Way down Now let’s go to new zealand here the world’s most extreme housing boom is now roiling An entire economy. This is from bloomberg the slump you’re talking about new zealand Okay, new zealand housing prices. So you see here the price of new zealand housing from 2018 Whatever this number is to whatever that number is It’s a lot and now it went down into 2023 and now it’s been stable since it’s been stable Since 2020 stable prices is not a good thing.
Apparently not according to new zealand or whoever was writing this article Uh, the slump threatens the slump meaning the slump means stable prices. Okay, you should know that that’s what they’re referring to The slump is stable. Uh, here’s a pretty insane paragraph This is this is really insane and this is why I title it. This is a mental illness If you look at our history it says in quotes We’ve had various times when prices have been rising or flat said bernard hickey a long time new zealand property commentator Uh, yeah hickey, okay But we’ve never had a time like now where price seven flat or falling for more than four years Actually, they haven’t been falling.
They’ve just been flat 2023 to 2026 is less than four years. They’ve just been flat Pricing has been stable and you’re comparing that to Armageddon that’s not unusual. He says it’s politically dangerous and toxic apparently stable prices stable housing prices or stable prices anything by extension Is uh politically dangerous and toxic That’s how retarded our monetary system has become that when the price of anything becomes stable It becomes politically dangerous and toxic Okay, that’s the world we’re in i’m, sorry The last slide that I have here in this collection of lovely slides is china This is actually china china residential property prices Do they think that new zealand is really that bad china’s housing prices have been in decline From 2022 to now before they’ve been in decline not stable.
They’ve been declined For four years or a little bit more than four and a half years. It’s already almost june 2026 So this is the beginning of 2022 That’s four and a half years. You can see here. Here is the little 2008 Housing decline over here, right? There’s two little bars. Here’s the 2012 housing decline Here is 2014. That was when my cow was crashing I remember that because I worked for a gambling site called calvin air and now here is the four year housing crash of china Uh, it’s not new zealand is not your poster child here.
It’s china china’s real estate Market is is is momish crashing. It’s really crashing But here we have this chart and this is from fred that I conjugured the mortgage-backed securities divided by the total balance This is the percentage of the fed’s balance sheet Which is comprised of mortgage-backed securities mortgage-backed securities is basically The backbone of the entire housing market in the united states and any other place any other market where mortgage-backed securities are sold So this is owned by the federal reserve, which is the issue of the dollar itself So we have about 30 percent.
It’s been about that for Six years since 2020 we’ve had about 30 percent of the dollars made of comprised Of mortgage-backed securities. So what do you think happens? in an economy where a global economy where the reserve currency is a dollar and there are 30 percent Of the reserve currencies market cap is backed By housing in the united states that means when housing prices go down as they are in new zealand Or at least they’re stable in new zealand as they are in china once housing prices start to fall 30 percent of the dollar’s market cap falls with it because it is mortgage-backed securities That’s the problem The problem is the dollar is welded to united states real estate markets And when one falls the other falls with it And what do you have after that? It’s going to be good after that Getting through that’s going to be the problem, but everything’s going to be okay after that not everything like, you know, most things uh in the meantime hunker down It’s going to be okay.
Whoever survives. This is going to be part of the leadership of the next generation of humanity Uh, I hope it’s not gonna be too much of a bottleneck. Have a good day. Everyone. The whole freaking system is out of order You want the truth? You want the truth? You can’t handle the truth If the company keeps hiring white people to follow black people to follow white people to follow black people by Thursday, june 27th, every person on earth will be working for us And we don’t have the parking for that
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See more of Rafi Farber on their Public Channel and the MPN Rafi Farber channel.