Eric Yeung ๐๐๐
@KingKong9888
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Geopolitical and economic effects on Precious Metals and commodities. Not financial advice. Opinions are my own.
Joined March 2019
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Letโs get something straight
1) Most regular peeps donโt own a significant amount of physical Gold bullion compared to sovereigns and CBs
2) PMs price suppression is a game between countries - they donโt care about the tiny number of small peeps who own physical Gold.
1/3
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These are the real rulers of America. ๐ฅ๐ฅ๐ฅ
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I hate to be the bad news bear ๐ป, but Shenzhen, a major manufacturing and distribution hub in China just announced FULL LOCKDOWN!! RIP US SUPPLY CHAINโฆ
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I just had dinner with a mainland China economist who is โin the knowโ with the โhigher powersโ in China. This is what he told me:
Since the FED started aggressively hiking rates, China has commenced a program where it lends US Dollars to Global South countries (who lack USโฆ
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UAE OFFICIALLY STOPS USING DOLLAR FOR OIL TRADES!!!
โขThe United Arab Emirates (UAE) has shifted from using the US dollar to local currencies in its oil trades.
โขThis move aligns with the broader de-dollarization efforts of the BRICS economic alliance, which the UAE recentlyโฆ
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@Megatron_ron
What is a pre-emptive response? It is an attack of aggression against another sovereign nation.
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The US demanded physical Gold as payment from Britain for US manufactured military equipment & supplies during WW1. That was the beginning of the end of the British Pound world reserve currency system.
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Imagine what will happen to physical Gold & Silver if this actually happensโฆ๐ฅ๐
According to Col. Douglas MacGregor, there is about to be a โsuddenโ closure of all major banks in the U.S. which will last for up to 3 weeks.
During a recent appearance on Patrick Bet-Davidโsโฆ
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We have black rain and major flooding in Hong Kong right now.
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Chinaโs Nostradamus from 1500 years ago Tang Dynasty China (618 AD) predicted Nancy Pelosi going to Taiwan?
โA woman in white visiting from the West will bring Chaos and Destruction amongst nations of the world. She is the beginning & origin of chaos.โ - Tui bei tu Chapter 42.
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Jeffrey Gundlach -
1) If interest rates is at 6% for the next 5 years. 50% of U.S. tax receipts would have to go to interest expense.
2) If interest rates is at 10% for the next 5 years. 100% of U.S. tax receipts would have to go to interest expense!
3) The Fed will probablyโฆ
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Here is an explanation from
@LukeGromen
on how the U.S. Treasury can get the U.S. Debt to GDP ratio from 130% to 40% by revaluing physical
#Gold
from its current price of $2400 to $20,000 USD. ๐ฅ๐
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Ruble to USD - implied Gold price in USD chart ๐ฅ๐ฅ๐ฅ๐
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I just finished recording my interview with the Hong Kong finance show.
The last question the host asked me was: โBut there is not enough physical
#Gold
in the world for it to become the worldโs Tier-1 reserve asset!โ
My answer: โNot at the current Gold price of $2400USD, butโฆ
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We are probably heading into a โGreat Depressionโ thenโฆ๐ณ๐คก๐๐
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People can imagine the Russian Ruble dropping 40% in one day. But they cannot imagine
#Gold
going up 40% in one day.
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Talked to some people in China and this is whatโs happening:
1) The Shanghai Gold futures at the Shanghai Futures Exchange (SHFE) is a paper market
2) Shanghai Gold Exchange (SGE) is physical Gold only market.
3) The Chinese are imposing transaction limits on the SHFE becauseโฆ
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๐๐๐โค๏ธ
B O O M ๐ฅ๐ฅ
BREAKING:
BRICS calls on the Middle East to stop using the US dollar for oil trade settlements.
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Predictions of Real Estate average price drops from their peaks in the next 36 months if mortgage rates remain high:
1) Hong Kong - 20%to 30%
2) China (Beijing & Shanghai) - 30% to 40%
3) Canada (Vancouver & Toronto) - 70% to 80%
4) US (Las Vegas) - 20 to 30%
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Just took out my 1 Troy Ounce Gold Maple that my father gave me before he passed.
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There's no doubt in my mind that we'll have a mania in gold. And because the gold and especially silver markets are so tiny, the rush into them will be like trying to push the contents of Hoover Dam through a garden hose. Our positions will go absolutely ballistic.
-Doug Casey ๐
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Scott Ritter:
1) Most of Ukraineโs heavy artillery & rocket systems have been neutralized by the Russian military
2) US weapons to Ukraine is too little too late
3) Ukraine has effectively already lost
4) Remember knowledge is power!
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I was at a
#Gold
jewelry store today checking out some Gold. I bumped into a young Chinese couple shopping for Gold and noticed that the young woman is wearing a nice solid Gold bracelet. Apparently, this type of simple Matt style circular 24K Gold bracelet is very popular inโฆ
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GOLD!!! (some of my Gold) I am too lazy to take the Gold bars out of the plastic and rewrap them. So a Gold tower will have to do instead of a Gold Pyramidโฆ๐ฌ๐ฌ๐ฌ๐
#Gold
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Wow. This is from Chinaโs CCTV, Chinaโs official TV station. The TV Anchor is saying that a $100 US Dollar bill only cost $0.17 USD to make, but yet the Americans are using it to buy $100 Dollars worth of Goods & Services from the rest of the world. This equals pillaging the ROW.
ๅคฎ่งๆฐ้ป๏ผโ็พๅฝๅญๅไธๅผ ๆๆฌ17็พๅ็็พๅ
็พ้๏ผๅฐฑ่ฎฉๅ
ถไปๅฝๅฎถๆไพไปทๅผ็ธๅฝไบ100็พๅ
็ๅๅๅๆๅกใ่ฟไธๆฏ่ตค่ฃธ่ฃธ็ๆ ๅคบ่กไธบๅ๏ผโๅพๅค็ฝๅๆฅ้ฎ่ฟไธช่ง้ขๆฏไธๆฏ็็ใๆฏ็็ใ
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It looks like what I was told by my mainland Chinese economist friend back in November 2023 was correct. The next steps are being implemented.
BRICS member China made a huge financial announcement last week indicating that they are launching a new currency swap program withโฆ
I just had dinner with a mainland China economist who is โin the knowโ with the โhigher powersโ in China. This is what he told me:
Since the FED started aggressively hiking rates, China has commenced a program where it lends US Dollars to Global South countries (who lack USโฆ
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@WallStreetSilv
โArgentina began the 20th century as one of the wealthiest places on the planet. In 1913, it was richer than France or Germany, almost twice as prosperous as Spain, and its per capita GDP was almost as high as that of Canada.โ
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Someone just told me that Silver breaking $26 means nothingโฆ
So I guess Silver has to break $27 and then $30 before people will start believing in itโฆ
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IMHOโฆ
They have to let
#Gold
go up to $3000 to slow down the physical drain from Western vaultsโฆ.
It is just a matter of time (short time)โฆ
๐ฅ๐
๐ฅ
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Crowds greeting Marine Le Pen, never seen anything like this for Macron, the tide is turning.
Forecast 432Hz
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Has anyone noticed that the Shanghai Gold Exchange physical Gold premiums (vs the West) has dropped from around 6% to 1.5%? This is while the Gold price at the West rose from around $1830 to $2000? So Jan is wrong yet again. Western Gold price rose to meet the price of actualโฆ
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Evidence that the London & COMEX
#Gold
markets are designed to introduce extreme volatility to the Gold price as to discourage citizens from physical Gold ownership.
LONDON WHOLESALE GOLD DEALERS' VIEWS ON U.S. GOLD SALE AND PRIVATE U.S. OWNERSHIP
From:
United Kingdom Londonโฆ
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The Chinese governmentโs official media outlet just announced today that the government will shut down all physical Gold vaulting services in China and make them illegal because of the recent frauds committed by some of the small franchised Gold vaulting services in China. ๐ฅโฆ
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If the Vancouver & Toronto real estate markets donโt blow up, no other real estate market in the world will blow up. Because GTA and GVA real estate are the most leveraged and overbought with the most number of unqualified speculators.
At the same time Canada has anโฆ
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Why do people think that Oil and commodities will save Canada from implosion. It wonโt. Data clearly shows Canada has passed the point of no return.
1) Never have Canada experienced a real estate bubble of this scale. When the Canadian RE bubble implosion accelerates, the Oilโฆ
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If I am a gambling man and if this
#Gold
move is real, this is what I would do:
1) Start looking at GDX, GDXJ, SLV, SIL, and SILJ call options. I would look at the ones with either Sept 20 2024 or Jan 2025 expiration. The key is they have to be cheap.
2) The reason for longโฆ
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They might SLAM the paper
#Gold
and
#Silver
prices, but every time they slam the paper price, China will vacuum more of physical
#Gold
&
#Silver
from COMEX and LONDON. Friday was a lesson for the small paper Gold & Silver ride-along boyz who got too greedy. You canโt paper frontโฆ
Comex delivered 159
#silver
contracts yesterday. London had 450. TAS had 3,631. Every one thinks there is a pullback coming but there is no metal left. Enjoy the show๐ฟ.
#silversqueeze
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Watch this. ๐ฅ
Gold, Silver, energy & commodities will be Kings again.
U.S. Treasury Gold bonds will be a reality in the future.
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Street market in Hong Kong - 1950s. Photo by Fan Ho.
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2000 yr old Roman Gold Coins vs 2000 yr old Roman Copper Coins ๐
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Most people including the experts might be shocked once the Tsunami of paper
#Gold
shorts covering kicks inโฆ
And the
#Silver
lag is a giftโฆ๐
#shortsqueeze
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The smoking gun:
20 members of Congress personally invest in top weapons contractors that'll profit from the just-passed $40 billion Ukraine aid package.
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@goblue3699
@knowmiun
@ease_tree
@mintakka_
@gone_arai
@sgodofsk
He will legitimize them all at his death bed. Just like a Targaryen King of Westeros - Aegon the Unworthy
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Whatever they are doing to slam is not workingโฆ
If they cut rates, Gold will rise,
If they hold or raise rates, Gold may rise even more.
Fiscal Dominance ๐ฅ๐ฅ๐ฅ
#Gold
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1 Troy Ounce of 9999 24K Gold bracelet , birthday gift to my wife.
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So I will probably be interviewed on one of the most popular YouTube finance shows in HK in the next 2 weeks (voice only in Cantonese). I am doing this so that more Chinese people are aware of the macro backdrop of whatโs going on with the physical Gold market and why the USDโฆ
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I just sold all my exp Sept 20 2024 strike $26 SLV call options at 2.25, $144,000 USD. Cost was .53 @ $38,000 USD.
Profit = $106,000 USD
These call options went up 3.8 X
We will decide if we want to roll over and purchase another batch of SLV call options.
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1. Pay for Oil in RMB
2. RMB price of physical Gold goes up via SGE squeeze.
3. Less Gold is needed to trade for each RMB.
4. More RMB is needed to get 1 gram of Gold
5. This means less Gold is needed for each Barrel of Oil
Squeeze physical Gold price in RMB = Squeezingโฆ
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Wow ๐ฎ๐ฅ๐ฅ๐ฅ
Wait till all the Silver bugs hear this!
@ArcadiaEconomic
@Sorenthek
@goldseek
@Dioclet54046121
@Silver__Santa
@SilverChiquitaa
@ThePickaxe_Ag
@silverguru22
@KingKong9888
@InvResDynamics
My wife is in China, she speaks and reads fluent mandarin. She told me last night that Chinese media is writing articles and recommending silver as a better investment as gold gets more expensive
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This guy just got caught by Chinese Customs at the Hong Kong to mainland China border at Shenzhen. Thatโs 10 KG of Gold bars right there. This is the physical Gold price arbitrage that you are looking forโฆ๐
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The youth in the East are buying physical
#GOLD
while the youth in the West are buying โJeo Bodonโ, โElizabath Whorenโ, and โJester Turdeauโ fairy dust crypto coinsโฆ ๐คฃ๐คฃ๐คฃ๐คก๐คก๐คก
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Putin: Oil producing countries are already accepting payment in Yuan (RMB). Do you realize whatโs going on? Do you know what this means? You are killing the U.S. dollar with your own hands!
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Shandong Gold Mining - the biggest Gold producer in China is no longer tracking COMEX/London Gold price. It is now tracking the Shanghai Gold Exchange physical Gold contract price. It is up almost 5% today.
@Sorenthek
@oriental_ghost
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The Chinese Big Mamas have been buying physical Gold nonstop. I saw them at Hong Kong Gold jewelry stores today buying Gold.
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A truly historic moment. ๐ฅ๐ฅ๐ฅ
Xi: China shall utilize the Shanghai exchange for Oil & Gas, and begin the settlement of Oil & Gas in RMB.
@LukeGromen
@thesiriusreport
@DavidLe76335983
@Sorenthek
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Source:
HOLY CRAP!
Col. Douglas MacGregor doesnโt think weโll even get to the 2024 election.
"I think we'll wake up one day and the banks will be closed for 2-3 weeks. No one will be able to get into them."
๐
@DailyNoahNews
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My broker just called me and politely informed me that my $SLV call options are now 3X from my purchase price. I expect my $SLV call options to 6X to 10X once it cross its strike price.
I time stamped when I bought these $SLV call options. March 5, 2024. Anyone could have readโฆ
Guess who bought a shitload of $SLV call options dirt cheap? ๐คฃ๐ฅ
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All the physical
#Gold
is leased out and rehypothecated? ๐คฃ๐คฃ๐คฃ๐ฅ
Federal Reserve Refuses To Provide Records Of Foreign Gold Holdings
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Childrenโs playground in Dallas, 1900.
American kids were hardcore. ๐ฌ๐ฅ๐
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1 Troy Ounce of 9999 Gold, birthday gift to my wife.
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Wow ๐ฏ๐ฅ๐
@ASchectman
@KingKong9888
Andy Schectman:
"This is a different PM market now. The world outside the West wants the gold - they don't care about TA or other prior relations of gold: they want the gold and they have it delivered to them by the commodity exchanges!"
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My little 6 year old daughter painted this for Chinese New Year.
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4) Most small investor peeps are invested in miners which are physical Gold proxies.
5) When physical Gold becomes difficult to get or unavailable and GLD gets exposed as BS,miners will fly because they are only gateway for the mass public to be exposed to physical Goldโs upside
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If the Ruble goes up even more against the USD and Euro, what will be the cheapest asset that a country can buy Rubles with? The answer is physical Gold at a fixed rate of 5000 Rubles per gram of physical Gold.
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#Gold
is almost at ATH again ($2320 now) despite all the Slam buttons being pushed this morningโฆ
โBut the hands of death (COMEX) could not defeat him. The sisters of fate (London GOLD price fix) could not control him. And on this day, the man, the legend, Kratos (GOLD) willโฆ
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Someone fell asleep at the โPaper Gold Slammy Switchโ temporarily? ๐
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At least I can take out some of my Gold bars and play with them once in a while. ๐๐
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Russia adding gasoline to the
#GOLD
fire ๐ฅโฆ.๐คฃ๐คฃ๐คฃ๐
RUSSIAN FINANCE MINISTRY AS OF APRIL 5 TO INCREASE DAILY VOLUME OF CURRENCY/GOLD PURCHASES UNDER FISCAL RULE BY 2.4-FOLD TO 11.2
Got gold?
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A lot of peeps are already doing this in Corporate America (until they get fired)โฆ
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Multiple
#Gold
and
#Silver
rebounds are happening again today. Just like Dave
@InvResDynamics
I have never seen this before in the
#Gold
and
#Silver
markets. Incredible resilience. TAs are explaining the current Gold & Silver strength as GREED and FOMO. But is this really theโฆ
Not sure I've seen in 23 years. Every indicator in gold/silver is flashing "pullback" or "time for the banks to hammer the price with paper" - but they just keep bouncing back like one of those punching clowns and then move higher
@TFMetals
@goldseek
@ArcadiaEconomic
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