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Honza Černý

@honzacern1

Oct 13

1️⃣
🚨 BREAKOUT CONFIRMED
Silver just hit a new all-time high — $51.47/oz.
This isn’t a rally. It’s a rupture in the system. Mini thread with a big meaning 💥🧵
#Silver #SilverSqueeze

2️⃣
For years they said: “Too heavy to move, too cheap to care.”
Now silver is proving why real money always finds its way out when paper markets run dry. 💥

3️⃣
LBMA spot > COMEX futures.
Borrow rates surging.
Physical premiums exploding.
They’re not “trading silver” anymore — they’re fighting for it. ⚔️

Read 6 tweets

Honza Černý

@honzacern1

Oct 12

Thread 🧵 | Something big is brewing behind the scenes

1) Nomura: reports $150B in forced selling on Oct 10.
Funds were liquidating, margin calls flying. Somebody had to raise cash — fast.
#Markets #BlackMonday

2) Meanwhile, Trump posts on Truth Social:

“Don’t worry about China, it will all be fine.”

When politicians start saying don’t worry, it usually means someone is definitely worried.

3) Within an hour, Bloomberg reports:

“China declined a US phone call after export control announcement.”
Diplomacy freezes. Communication breaks down

Read 4 tweets

Honza Černý

@honzacern1

Oct 12

🧵 | Why London “needs” COMEX silver
1️⃣
Let’s be clear:
London doesn’t need silver to trade it —
it needs silver to survive its own lie.
#Silver #LBMA #COMEX

2️⃣
LBMA runs on “unallocated” paper promises.

No one actually owns metal — they own a claim on a claim on a claim.

When someone dares to ask for real bars, the vaults suddenly “need a few days.”
Cute.

3️⃣
So what happens when those requests pile up?
They call New York.

COMEX “lends” metal — not sells it — so London can pretend it’s solvent for another week.

Read 9 tweets

Honza Černý

@honzacern1

Oct 12

🧵 1/ “What is debt?”

Most people think debt is just “money owed.”

But in truth — debt is trust.

When you lend, you’re saying: “I believe you’ll return the value later.”

No trust → no debt → no system.
#SilverStackers #SoundMoney

2/
Every modern dollar, euro, or pound is debt.

Your bank balance = the bank’s promise.

Government bonds = IOUs wrapped in confidence.

When debt expands, money expands.
When debt contracts, money dies. 💀

3/
That’s why debt IS the currency.

We don’t trade gold or goods anymore — we trade promises.

A promise backed by… another promise.
It’s turtles all the way down. 🐢

#SilverSqueeze #MonetaryReset

Read 8 tweets

Honza Černý

@honzacern1

Oct 11

Thread 🧵 | David Jensen: The “London Promissory Note Market”

1️⃣
Mining executive & metals analyst David Jensen (@JensenStrategic) says it plainly:

The LBMA isn’t a bullion market — it’s a promissory note factory.

Unallocated paper claims there are orders of magnitude larger than COMEX futures.
#Silver #Gold #LBMA

2️⃣
LBMA’s spot market trades over 300 million oz of silver daily, equal to 3 billion oz turnover —
in a world that mines ~850M oz per year.

That’s not “liquidity.”
That’s leverage on promises.

Meanwhile, COMEX averages just 100–200k contracts daily (~0.5–1B oz).

3️⃣

For gold, London holds ~385M oz in paper claims vs 280M oz in vaults, much of it locked in ETFs or leases.
Translation: the “physical” market is a spreadsheet illusion.
COMEX may set headlines,
but London sets the price — on paper.

Read 7 tweets

Honza Černý

@honzacern1

Oct 11

🚨 LONDON SQUEEZE: $50+ silver, spot > futures, shorts bleeding. Physical rules the game. #SilverSqueeze

1/ London just flipped the board. Spot in London trades above NY futures, liquidity is vanishing, and shorts are paying eye-watering borrow to survive the roll. This is not a drill.

2/ Overnight borrowing costs have spiked to triple-digit annualized in the tightest moments. That’s what true scarcity smells like: pay up or get out.

3/ Traders are literally booking transatlantic cargo slots. Estimated 15–30 million oz are being lined up to fly/sail from New York to London to capture the premium. Physical arbitrage in real time.

Read 18 tweets

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