Thread by @DesoGames

ALRIGHT it's here! The definitive Thread about #COMEX #Silver #Shadowcontracts starting to appear in July.

Picture first, explanation below. It's cobbled together from daily screenshots from their site cmegroup.com/trading/metals… where you can check daily futures volume. 1/x

First off, small apology about missing a few days of final reports; i drew the short straw on long term #covid19 effects and it's been a rough year. Never the less it's accurate enough.

Let's start with the basic question: What do i mean by #silver or #gold #shadowcontracts? 2/x

By that i mean a contract for delivery on the #COMEX that is created - and delivered - on the same day. It's my explanation for why the open interest change doesn't line up with the deliveries.

I want to stress i don't know this, it's just the only logical explanation left. 3/x

After all, you create a contract, +1, you then deliver it, -1, end up with a net change of 0. So if you deliver 15 contracts, but open interest (contracts that already existed) drops by 10, then the difference of 5 must be these #Shadowcontracts at a minimum. 4/x

The only reason the numbers would show up like this is if a bullion bank "found an extra bar" that wasn't covered by any contract yet and wanted to offer it for sale, then they need a contract to cover that sale. Even if it's highly guarded there's always a paper trail. 5/x

The reason why you'd need a contract is simply because the system is set up that way. You wanna push a bar through the system you need a contract. This isn't some pawn shop we're talking about here (though the best they can do is 1/200th of a bar so it might be). 6/x

This logic isn't debatable. There are more bars being delivered then contracts existed daily, the screenshots say as much.

These numbers aren't being typed in manually all those systems where automated long ago.

This must be how the system was designed to work, so it does. 7/x

So then the next basic question is: Why? Why would banks go out of their way to deliver *extra* #silver and #gold bars, when there are multiple severe supply constraints already?

This runs counter to the system and is extremely risky considering bullion banks short positions 8/x

Here too the logic is simple: If you KNOW the end is coming, wouldn't you position yourself to benefit from the end?

(Especially if your name is Jamie Dimon and you're absolutely ruthless).

Let's think through what happens when the system fails. 9/x

Very simply, #COMEX will at some point fail a delivery. After all it's a whole process, physical goods actually need to be moved. Failing a delivery means trying to move a bar that doesn't exist or that they otherwise don't have.

So what other bars do they not have then? 10/x

Well them being overleveraged is no secret, just yesterday's September 20th #Silver open interest was 134,439 contracts, which amounts to 672,195,000 ounces of silver. Their stocks say they have 1/3rd that in Eligible ounces, and still only 1/2 that in total amount. 11/x

All these numbers are published by the COMEX so feel free to have a look: cmegroup.com/clearing/opera…

They definitely don't add up. But what i do know is that whatever they have in reality is much less then what they say they have.

Meaning i'm being generous here. 12/x

Anyway. The reason this system is allowed to continue is because everybody still benefits from it continuing. When it fails, it means a world of hurt for the entire globe.

Nobody wants that. So it hasn't failed. Vested Interests it's called. Nobody wants to pull the plug. 13/x

But then there are events you don't plan for.

Don't be fooled. The economic collapse we're in was very much planned and expected. Same reasoning, if you know it *will* fail, position yourself early.

#Covid19 was not. Good lord was it ever not. Worst possible trigger. 14/x

Because it's not a fiscal trigger, so no fiscal policy will work against it. Brazil proves this, where they had a national government pushing as hard as they could against lockdowns; Local governments/citizens (even the gangs!) took matters into their own hands anyway. 15/x

So while the policy responses have incredibly fiscal, this is not a fiscal problem.

You can't print people into restaurants!

The smart money knows this. I mean the REAL smart money, the elite families.

Why nobody else seems to understand this is a mystery to me actually. 16/x

So. Putting everything together what is actually happening here?

IMO, #COMEX is being drained of every last ACTUAL Physical #Gold and #Silver bar it has. Every one of these deliveries is real and the massive open interest in the NEAR future will never be honored. 17/x

Ask yourself this:

If the moment has come where everybody actually stands for delivery;

Does it really matter the #COMEX can only deliver 1 out of 2 bars or 1 out of 2000? Isn't Force Majeure just Force Majeure?

It's going to be a shitshow in every situation regardless. 18/x

So what happens when #COMEX (and it'll drag the #LBMA down too) declares Force Majeure?

Well. #Gold and #Silver go through the roof. Everybody knows this. Fiat currencies drop like a brick and The Great Revaluing of Assets begins.

But what is that revaluing based on? 19/x

That's right, #gold and #silver.

We all know paper without backing becomes worthless. So conversely, wholly-owned-Physical becomes the most valuable thing in the world.

Who ever still actually holds the physical, holds all the cards. 20/x

You can see that with the recent refusal by the Bank of England to release Venezuela's $1,5 billion worth of #Gold they where holding.

If you don't have it, you don't own it. That'll be the mantra of the next decade.

The people taking delivery right now understand this. 21/x

In other words. The people who actually own the #silver and #gold, will be the Nouveau Riche in life after the collapse. The economy will always continue.

And it's the Rich that set policy. Who here thinks a few Venezuelans can sue JP Morgan and win?

Yeah didn't think so. 22/x

So as i've stated before. The plan is simple.

You sell paper at the front door.

You move metal out the back as long as you can.

When people try to convert their paper you confess isn't any metal.

Everybody becomes poor.

Except your backdoor friends who bail only you out 23/x

Sure some people will go to jail, some people might even get lynched! Exciting!

It won't be the people responsible, but yknow, still exciting.

Meanwhile the people who recieved the metal saw their relative wealth explode and are now the rich who set policy. 24/x

Who here is willing to bet that policy involves glossing over the #COMEX inconsistencies? And that most these suddenly rich folk are people who before where anti-gold?

Yall don't get it do you? This is an Every Man For Himself situation. Lying comes with the basics. 25/x

This isn't a new thing either. While i haven't been taking screenshots every day for months, ever since the delivery difficulties in march i've looked at their page multiple times per month.

These #shadowcontracts are only the latest thing. 26/x

In February, the current month contract would just slowly roll over until the last day (29th) in which the excess would be delivered. Something like 250 contracts.

Then in April, deliveries started happening before the last date.

Then, massive amounts of deliveries. 27/x

Then these shadow contracts started appearing with June #gold deliveries. Attached are screenshots of some early, massive discrepancies hidden in the large numbers.

This is why i was able to predict this happening to #Silver and started taking daily screenshots early. 28/x

As to Whom is doing all of this, it's a battle of Big banks, with Goldman on one side and JP Morgan on the other.

Here's a screenshot of daily deliveries during the massive june spike. Notice the differences in Issued and Stopped? 29/x

I've not once seen JP Morgan have more Issued then Stopped in these past few months. Not. Once.

Here's another screenshot of a few days later.

JP Morgan was also responsible for starting the Repo crisis yknow. By draining reserves out of the heavily leveraged Repo market. 30/x

So what's the next step?

Well the next hurdle for #COMEX is the #Silver contract wall that's approaching for September. They need to roll that over until open interest drops below 40k.

OI was 16k last time in July, as shown above. So it'll be quite close. 31/x

If demand spikes before then, if too many people stand for delivery on August 29th, then the #COMEX collapses within 2 months.

They will deliver all the #Silver they can just to keep the charade going, then on the final day when they HAVE to deliver (Sep 29th), they fail. 32/x

Should they make it past the 29th of September, #COMEX cracks in December 100% guaranteed.

You'll see these #shadowcontracts appear for months and months, people will think it's all fine, until the December contract wall hits and it turns out there aren't ANY bars left. 33/x

My main reasoning for this is again that #Silver and #Gold used to deliver just on the last date of whatever current contract, until that changed in March with the massive deliveries.

Ever since then it's Silver/Gold every other month. May Silver, June Gold, July Silver etc 34/x

But it's now all coming together on December 20th. Outside of September there is *no* #silver OI volume on #COMEX, until 60k on December (and it's likely September rolls over to December). There's 70k OI on October #Gold, but 410k on December gold. 35/x

That's MONTHS away. If there's any sort of volume need for #gold or #silver, say because there's massive inflows into ETFs that are backed by physical... Where are they gonna get that BEFORE December?

Is anybody gonna think in December there's gonna be gold in March? 36/x.

First December 20th delivery date? November 29th, after the US elections.

EVERYTHING is pointing towards the system just trying to make it to those elections.

Both the political interests as the elite interests (COMEX still has inflows that could be drained for months) 37/x

Well i think that's long enough a thread to prove there's shenanigans going on. So finally, what's my stake in all of this?

Well i've got physical in a vault. But it's only 305oz of silver and 2oz of gold cause i'm still poor. System breaks i escape poverty. 38/x

But even that is relative. At best i'd be able to buy a nice house, good PC, and maybe enough stocks to live off the dividend if i pick quality. Comfortable yes, filthy rich, no.

I'm much more worried about whoever's reading this as crazy as that sounds. 39/x

I'll be fine, even if i'm wrong. I have no debts and i have enough skills to make money in an apocalypse scenario.

But A LOT of people are gonna lose everything. And i mean alot of middle class people who are far far richer currently then my 15k yearly income poor ass. 40/x

And i wanna save as many smart honorable people who'll listen to reason. We're gonna need smart investors to rebuild up small business and get out of this mess again.

That we also got in because of wealth concentration so, the more that listen the better. 41/x

So. What can you do to protect yourself?

Buy Physical silver and gold and put it in a private vault with a private vault company that guarantees at all times that the contents of the safe are yours. EVEN at these prices, cause this is still peanuts. 42/x

Also get a small safe for in your home, bolt it to the floor, and keep a few silver rounds as well as some cash in there. Make sure it's a small (but heavy) safe so that thieves ignore it; the reasoning being nothing in there can be worth more then a TV they can just grab. 43/x.

If you already have physical you can readily access at all times, you can think about investing in some stocks. Naturally if Gold becomes valued alot more, gold miners become valued alot more. Not all stocks go down in a bear market, and the dividend will be nice too. 44/x

Eventually once the market has calmed and stocks are cheap again (which is NOT in 2020!) i'll rotate my winnings back into other value producing companies. Oil companies are sure to be worth a LOT in 2023.

I'm no #gold or #silver bug. I really don't give a shit about money. 45/x

As i said this is about trying to get as many people out of a dying system as possible. Trying to prevent as much suffering as i can, because alot of people will suffer, it is inevitable, so the plan now is to reduce that number as much as i can. 46/x

All i can do is Inform. I've put the data before you as well as put myself out there, taken a stance and said "This is going to collapse soon you need to spend actual funds to save your life".

If i'm wrong sorry for the inconvenience. But i'll be happier wrong then right. End/x