Latest / Man in America Podcast / Banks Pulled 50% of ALL SHORTS on Silver... Something Big is Coming w/ Dr. Kirk Elliott

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Banks Pulled 50% of ALL SHORTS on Silver... Something Big is Coming w/ Dr. Kirk Elliott · Man in America Podcast

• 0:00
  Seth Holehouse: Ladies and gentlemen, welcome to Man in America. I'm your host, Seth Holehouse. So if you've been watching this show for some time, you know I talk a lot about the status of precious metals because I believe that precious metals are actually one of the most important safe havens for us to protect ourselves from all these different mechanisms of the great reset. The, you know, digital ID, the central bank digital currency, the control over our finances as a way of controlling us. Now the banks and these these big players have been controlling and manipulating the value of precious metals for a very, very long time.
• 0:33
  They've kept these values suppressed. Now something really significant happened this past week that shows something major is shifting with precious metals. And so joining us today is doctor Kirk Elliott to discuss this with us. So, folks, please enjoy this interview. It's not gonna be very long, but it's a very, very significant event.
• 0:51
  It's happened that we're gonna be diving straight into. Kirk, it's good to have you on as usual. How are doing?
• 0:58
  Speaker 2: I am doing awesome. It's great to see you.
• 1:00
  Seth Holehouse: Thank you. Thank you. So we were chatting a little bit before we started recording, and you've obviously, okay. We've both been talking about precious metals for quite some time. That is your it's your life, but there's been a something very significant that just has happened as it relates to precious metals and an indicator that is tied to the manipulation of precious metal prices, which is something we've talked about.
• 1:27
  So what's going on?
• 1:29
  Speaker 2: So first, let's talk about the manipulation because I hear this all the time. It's like, Kirk, when is manipulation gonna end? Why do they keep manipulating silver? Why do they hate it so much? Right?
• 1:38
  Well, they don't hate silver, they being the big banks. So to put it into perspective, to kind of explain the backdrop of this story, a few years ago, BlackRock bought the silver ETF, SLV, from State Street. And when State Street had it, it was HSBC was the custodian of the physical silver that was basically backing up those ETF shares. So when BlackRock bought them, they dumped HSBC and said, we want JP Morgan Chase. So interesting side note, JP Morgan Chase, the year before, had got hit with a $900,000,000 fine for lying about number of ounces that they have under custodianship.
• 2:27
  It's like, what in the world? Why would they want to hire the crooks? Right? It's like, why? Well, I think BlackRock's dirty too, right?
• 2:37
  They control the world, right? So you can't have somebody that's clean and complete marriage partnership with you. They'd be unequally yoked, so to speak. So they had somebody that just is dirty, JP Morgan Chase, right? Who got caught with their hands in the cookie jar lying about the number of ounces.
• 2:55
  So that's what they have. Now, why does JP Morgan is the largest shorter of silver on the planet? So here's the reason why. So let's say you're a business person and you're manufacturing something. Do you want your cost of goods, the things that you need to build a product?
• 3:13
  Do you want them low or to be high? Well, you want them low, right? So it all impacts your revenue and your profits. So what do they do? Let's say BlackRock issues them an order that says, hey, we need 10,000,000 ounces of silver today.
• 3:30
  We sold all these shares. So what does Chase do? They issue naked short contracts. They don't have to own the physical metal on a naked short. They can just I mean, it's illegal for us to do that, but a big bank, they have the ability to sell something that they don't own.
• 3:46
  It's like, what what world does that make sense? Well, does when you're a big bank. So they issue naked shorts that drives the price down because it's selling pressure. Then when the price gets down, they buy all this physical silver. And then all that demand for physical silver causes the price to go up.
• 4:04
  Then they do it again. Say, okay, we're going to issue more short contracts. Boom, price goes down. They buy more physical silver. Demand causes the price to go up.
• 4:12
  This is the vicious cycle of manipulation that we've seen for decades. Right? Okay. So the basis behind manipulation is short contracts. So we've had this going on since the beginning of time.
• 4:28
  I can't remember, and I've been in this industry for twenty nine years, I can't remember a time when big banks or hedge funds have not been shorting silver or gold. And you go back to the price points in the year February, silver was $4.5 an ounce. In 2020, silver was $11.91 And maybe a year and a half ago, fifteen months ago, silver was $17.97 Today, as we record this, it's 22.5 So, dollars 4.5 to 22.5 Well, it's like 500% increase. It's insane, right? It's a lot.
• 5:08
  That's over the last twenty years. Last three and a half years, eleven ninety one to $22.50. That's roughly close to 100% gain, averaging over 30% a year. Nobody's going to squawk or complain about those kinds of returns. Realize that's with manipulation in the markets, which acts kind of like an anchor.
• 5:30
  What would it be without manipulation? Through the roof. Right? Which is why you see some economists like, oh, Bixweer, Bull Pony, different people saying or or even usdebtclock.org says with the current money supply, silver should be over $1,100 an ounce. And they're saying silver should be in the thousands of dollars an ounce, not 25 where it is today, right?
• 5:54
  It's actually under that. Well, people, they have algorithms that actually give them those numbers. Here's where this could make sense. In a world without manipulation, silver is just a function of supply and demand and market forces, right? There's nothing else holding it down.
• 6:13
  So if we run out and Sony, Samsung, LG, Tesla are needing to buy it and there's not very much available at COMEX depositories, well, they'll offer any price necessary so they can actually finish up the production of their whatever they're building, a TV, an electric car, whatever, right? So this is the backdrop of where we are. Well, what happened last week? Last week, the number of net short positions in silver by banks decreased by 50% in seven days. Fifty, right?
• 6:47
  So all of the short positions in silver all over the world, have that have taken decades to accumulate. They got rid of half of them in one week.
• 6:57
  Seth Holehouse: So basically, if I'm to simplify this, a short position is me saying, hey, Kirk, I'll bet you $10 that apples are going to be worth less money in a month from now than they are right now. That's kind of like a short position. You're you're betting on the value dropping. So all these banks that have, as you've mentioned, spent decades accumulating all these short positions on silver, which is part of what keeps the price of silver suppressed is all these short positions. You're saying that over the course of the past week that they've that half of those short positions have been pulled out.
• 7:36
  So would that mean that these banks are looking at silver thinking something's gonna happen and the price of silver is gonna go up and my short position will then become a losing position? Is that
• 7:48
  Speaker 2: It's exactly what I think is gonna happen because if you have a short position and you have to cover those and silver goes up, let's say, per ounce, you just lost money hand over fist. It's not a dollar for dollar move that you lose. Short contracts are leveraged. So it's like multiplied losses. So if you have people unloading, unwinding their short positions, why?
• 8:20
  Because they think that the price is going to go up. That's the only reason you would unwind your short positions. And to do it in that kind of mass, 50% of all net short positions globally are gone in one week, that tells me that the big banks think that silver is going to go through the roof because they have to unwind these or else they lose money hand over fist. Multiplied losses, not just dollar for dollar losses, multiplied losses, and they can't afford that. Now, I'm not a technical trader.
• 8:53
  I'm a fundamental investor, right? So difference between fundamentals and technicals are this. Fundamentals are what cause a market to go up or down. So for example, what causes stocks and bonds to go up or down? Well, if you have raising taxes, raising interest rates, people don't spend money.
• 9:14
  They don't have enough money to spend. You have inflation, so people can't afford. Those are the fundamental forces that would cause people not to buy. When people don't buy things, profits come down, revenues come down, and stock prices come down. Right?
• 9:28
  So you have the opposite like you had during the Trump and Reagan years, lowering taxes, lowering interest rates, job creation, inflation was held in check. People had a lot of money to spend and therefore the stock market boomed. Right? So these are the fundamental forces that cause something to move. It's usually legislative action of some sort.
• 9:48
  Okay, same thing with gold and silver. What causes gold and silver to move? Unsustainable debt, inflationary pressures, political conflict, geopolitical conflict. Everything that we're seeing is a propellant to move gold and silver up. So you look at that and say, fundamentally, it's there.
• 10:08
  So technical traders are people that just look at charts. They look at entry points and exit points. And they're usually like day traders. It's like every single penny counts, right? Because they're going to be in and out of a position really, really quick.
• 10:22
  So then I'm not a technical guy because I've never really known one that's actually done well. It's always the fundamental forces that drive everything. That's why I look at that. But I was talking to a technical trader friend of mine yesterday. And on the price of silver, there's this, I would call it like a harmonic convergence of price, which is a bunch of fancy algorithms, right?
• 10:49
  But it says when silver approached 22, there was this harmonic price point that said, this is actually probably the best time over the last numerous years to buy silver. Because you go up and down, up and down, up and down, and then you go down and it tests like this support level. If it goes through that, you're probably going to sink a little bit further. But what does it do at that support level? So if it starts going up, it's going to probably act like a trampoline and go through the roof.
• 11:21
  It's exactly what it did. So yesterday, it's kind of like the landscaper guy always has the worst lawn in the neighborhood because he never has time to actually deal with it, right? Because he's always dealing with somebody else's. That's how I felt yesterday. We were so busy.
• 11:39
  I saw this harmonic price point. It's like, man, silver's like close to 22. I've got to buy a bunch of silver. I ran out of time. Didn't do it.
• 11:49
  So then today I look, oh man, silver's up like $0.39 So it hit that, bounced up like a trampoline. Is it still a good value? Of course, I'm going to buy some today. It's just $0.39 more than what it was yesterday when I wanted to do it, right? But here's where it hit that support line, started bouncing up.
• 12:08
  See, these are what the technical traders look at. So you've got fundamental, technical, all coming together at the same time. Wrap that around with this big bow on this present, which is short positions were cut by 50%, meaning whatever the big banks are looking at, whatever they're looking at, they see that silver is going to go through the roof. No other explanation, Seth, as why they would want to unwind 50% of their short positions. Because if they have these short positions and the price keeps going down, they make money hand over fist.
• 12:47
  But they're not keeping them. They don't think that the price of silver is going to keep going down. They think it's going to march forward. So this is exciting to me when I see these kind of things and this convergence of technical, fundamental, black swan events, things that were not foreseen, which is banks getting rid of 50% of their short positions. It's like, this is like an opportune time.
• 13:12
  If you've been sitting on the sideline riding this fence, it's like, I would allocate now. I would truly just get in now because, look, don't be like me if I was too busy yesterday to do it, and I had to pay $0.39 more per ounce. This is one of those times where it's like, this is a great time. And whether you wait in silvers a dollar more, almost immaterial to me, because I think this is one of those times where I think it's going to go up rapidly because the manipulation game is 50% less than it was a week ago. Right?
• 13:46
  I think that that manipulation is going away. And markets can then just move with normal market forces, supply and demand, when it's needed, when it's not, what the perception is, why is it safe, right? People are looking at all that stuff in a world where they realize my bank isn't safe, the stock market's overvalued, we've got political conflict, we've got wars going on. We don't know what's going to happen. We don't know what's going to happen.
• 14:12
  And so, boy, this is exciting to me, Seth, because everything that we've been talking about for close to a year now, it's like, all right, the stage is set. This is this is really positive news. The most positive news I've ever, ever seen for silver. And I've been doing this since, well, before 02/2002, I started. So it's been a long time.
• 14:36
  Seth Holehouse: And it's interesting because we've talked about following you know, seeing what the big banks, the big families through the, you know, the private exchanges, you know, through COMEX, etcetera, what they're doing. And we've seen these trends of more and more big banks, more and more central banks, more and more sovereign banks are stocking up. They're they're buying huge amounts of precious metals, specifically gold, which, you know, silver and gold are very tied together. And so we've been following that, and and that's what it's really been is it's, you know, don't do what Jim Kramer tells you to do. Do what the Rothschilds are doing.
• 15:07
  Right? Do what the Vatican's doing. Do what BlackRock is doing. Right? Do what the the Federal Reserve what these these big institutions are doing that they don't tell you about on typical mainstream media.
• 15:19
  And so when I see this, it's it's interesting, and that does feel really positive. It's like, yeah. Again, if I you know, if if back to the original analogy, if you and I've got this, you know, looking at the price of apples, and apples are $5 an apple, and I'm I'm saying, look, I've I've got a I've got all this money betting that the price of apples is gonna keep dropping and dropping or stay close to that and, you know, whatever, then I'll keep that money there. I'll keep making money. But if if I have this idea, this feeling, or this insight information that that there's gonna be a drought next year, and apple prices because the drought are gonna triple and go from $5 to $15, I'm gonna pull all my shorts on that apple because I'm not gonna lose all my I'm not gonna lose my shirt on that apple.
• 16:02
  So, it's really the only thing that makes sense is that I believe that the, you these the markets, the price of these things, none of this is just happen chance. It's all controlled. It's manipulated. They know they know when the stock market crash is coming. They know when the prices are gonna go up in in precious metals.
• 16:17
  They know they're gonna come down. So this is a big indicator. So if if somebody wants to allocate in the precious metals, specifically silver at this time as we've talked about, so we've we've got a link set up gold with seth.com takes you right here. Now this is actually you've simplified this landing page. This is great.
• 16:35
  So they they go here, and what do they do?
• 16:38
  Speaker 2: They just fill out their information. It's like, what's your name? What's your phone number? Best time to reach you? Then you there's a note field.
• 16:44
  It's like, what what was it that Kirk and Seth talked about that caused you to want to reach out? What do you want to protect? So then that will come into our office. One of my client concierge team will call you to set up an appointment with one of our consultants where we'll dig in deep to hear your concerns, hear your fears, hear your dreams, and then strategically map out a plan for success moving forward where you can take advantage of these trends in precious metals or let them take advantage of you. We don't want that.
• 17:14
  We want to help. So you can do it that way, or you can simply call us at (720) 605-3900 and just say Seth sent you. Either one, whatever you prefer, call or the email form. It all comes to the same place. And then we just set you down with one of our specialists that will Our goal is to minimize your risk, maximize your return, hear your fears and adapt to those things.
• 17:45
  Start melting them away by putting together a strategy for success moving forward. That's what we've done for decades. And God's just blessed our company. We're doing really, really well because we focus on your needs. Fantastic.
• 17:59
  Seth Holehouse: Well, Kirk, thank you for the good news. Thank you for being here today, and I'll catch up with you again next week.
• 18:04
  Speaker 2: It's my pleasure.
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• 19:16
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