Feb. 2 at 7:37 PM
$GDX $SLV $JNUG $GLD $B
Comex silver inventories
& likely that comex gold inventories look similar
The increased margins in acted had to be otherwise there would be nothing left in that "fractional reserve" inventory. "Price will solve everything"
It Comex inventory has fallen -1/2 since the start of Sep 2025. Fractional reserve is fancy way of saying "made up"
❌➡️"As a fiduciary, to the extent that you own gold and are going to own it a long time, it is not a trade....in the COMEX warehouse they had
$80 Billion of open interest, and
$2.7 Billion of deliverables....thats an easy one, you go get it."❌
➡️Kyle: "What if 4% of the people want delivery?"
➡️COMEX Delivery Manager: "Oh Kyle that never happens. We rarely ever get a 1% delivery.
➡️Kyle: "Well, what if it does happen?"
➡️COMEX Delivery Manager: "Oh, well price will solve everything."
➡️Kyle: "I said thanks, give me the gold."
