News Link • Gold and Silver
SUPPLY CUT: Top Silver Miners STOP Selling to COMEX (Strike)
• Jon CC - YouTube.comDISCLAIMER: This video is strictly for entertainment and informational purposes only. I am not a financial advisor. The opinions expressed here are based on speculation and market theories and do not constitute buy or sell recommendations (Calls/Puts). Investments in precious metals and equities involve risk. Always do your own research (DYOR) before making any financial decisions.
The revolt has begun. The people who actually dig the silver out of the ground have officially had enough of the paper price manipulation.
In a historic move, major primary silver producers (including First Majestic and Hecla Mining) have announced they are "Withholding Supply" from the market. They are refusing to sell a single ounce of silver at the current suppressed paper price of $78.
This is a "Supply Shock" of biblical proportions. The COMEX and LBMA rely on a daily influx of new metal to settle contracts. That flow has just been cut to zero.
The miners are now hoarding their own product, betting that the paper market will break before they do. This is the ultimate "Short Squeeze"—the producers are squeezing the consumers.
In this video, we discuss the details of the "Miner's Strike," why they can afford to wait, and how quickly the COMEX vaults will empty without new deliveries.
TIMESTAMPS:
00:00 The Announcement: "We Are Not Selling"
02:30 Withholding Inventory: The Strategy Explained
05:15 Why $78 Is Below Replacement Cost
08:00 The Impact on COMEX Deliveries (Immediate)
11:20 First Majestic & Hecla Leading The Charge
14:00 The "Starve The Beast" Tactic
15:45 Conclusion: Supply is Gone, Price Must Rise




