We are long physical silver and long physical gold – we are not “short”
anything except cryptocurrencies. Why are we “short” cryptocurrencies? We
don’t own any. Oh, that’s right, no one “owns” any, as they are nothing more
than an illusion on a computer screen.
We will never again be “short” any metal. We don’t gamble when it comes to
precious metals – we take possession and move on. Nothing to do with the
COMEX or LBMA or any trading desk. Keep it simple – local coin dealer or
online acquisitions. If someone wants to gamble please gamble – we refuse to
participate. Give me my coins, bars and medallions and leave me be.
The precious metals gamblers don’t see stacking in the same light. No,
they prefer playing in a rigged casino with banksters that have already been
found guilty, well not guilty, but rather “fined” for manipulating the
precious metals markets. Now one of the banking cabal is explaining how one
can gamble in their casino. We find this rather humorous as it is akin to a
carnival barker attempting to lure you to his rigged game on the midway at
the county fair with promises of an easy win and “everybody’s a winner”.
Everybody – except you.
Go Long Silver, Go Short Gold – BNP Paribas
While silver continues to underperform within the precious metals space,
analysts say that it remains the metal to watch as it has the most to gain.
BNP Paribas, in a note to clients Thursday, recommended buying silver over
gold.
“According to the factor model, silver is cheap now, while gold is pretty
much in line with fair price,” the analysts said.
In its strategy recommendation, the bank recommends going long 157
contracts of Silver, SIH8, at $16.05 an ounce and go short 100 contracts of
Gold, GCG8, at $1255.00 an ounce.
The bank said that its target for the trade is for a 10% gain.
Kitco.com’s gold-silver ratio continues to hover around its highest level
in more than a year last trading at 79 points. March silver futures last
traded at $15.88 an ounce, relatively flat on the day. At the same time gold
prices last traded at $1,255.40 an ounce, up 0.54% on the day.
BNP is just one of a few banks that has recommended going long silver as
it underperformed gold, despite growing industrial demand and shrinking
supplies.
In a recent interview with Kitco News, Maxwell Gold, director of
investment strategy at ETF Securities, said that he sees more potential for
silver in the new year compared to gold.
“Many of silver’s key drivers remain bullish for the white metal,
including rising global manufacturing and industrial production, rising
producer inflation and elevated consumer inflation, and strong investor
sentiment,” he said.
Last month both TD Securities and Bank of Montreal came out and said that
they see silver prices pushing to $20 an ounce next year.
We like all the reasons for “shorting silver” and believe they are
probably accurate. We agree that silver will be much higher this time next
year than it is today. We have been on record for several months now and will
continue to say silver is going to spike sometime between now and 2022 and
when it does we are going to make our move into gold. We believe the GSR will
collapse for a short period while silver is making one of it’s bigger moves
and we plan on converting most, if not all, of our silver into gold at that
time. Silver will probably not spike again during our lifetime and this is
the reason for making the conversion. For the next year will continue
acquiring as much silver as our budget will allow.
We still don’t hear the BRICS, BRI or any other Eastern economic alliance
discussing cryptocurrencies. It is a distinct possibility some type of blockchain
gold trade is being discussed behind the curtain, but we won’t know anything
about that until it is way too late. In the meantime we do hear lots of
discussions about gold and gold trade along with the BRI and among the BRICS
alliance.
None of the economic laws have been forgiven; none of the economic laws
have been over-turned and for this reason we will continue to stay strong and
keep stacking. Gold is money and everything else is credit. Everything else
includes cryptocurrencies.
