e destruction of the globalist financial empire is at hand as precious metals blast off.

➡ Dr. Kirk Elliott discusses the current instability in the silver market, with lease rates skyrocketing due to uncertainty and a lack of available silver in London. This has led to a situation called ‘backwardation’, where the current price of silver is higher than the future price. The high lease rates are causing a lack of liquidity in the market, potentially leading to bankruptcy for refineries and dealers. To resolve this, London needs to increase their prices to encourage the release of more silver into the market.
➡ The global silver supply is facing a crisis, causing delays in delivery and increasing prices. This is causing stress for investors and manufacturers who rely on silver for their products. The situation could lead to bidding wars for silver and potentially bankrupt London’s financial system. Despite the rising prices, it’s not too late to invest in silver as the demand continues to grow and the supply issue persists.
➡ The speaker discusses a significant increase in trading activity, particularly in gold and silver, due to a loss of confidence in the banking system. This surge in demand is making it challenging for the company to keep up. The speaker also mentions a shortage of silver, which could impact global manufacturing. Despite these challenges, the speaker remains optimistic about the potential for high returns on investments in gold and silver.

Hello, everyone. It’s Michael Jacob with Unleashing Intuition Secrets and I have one of the biggest, busiest men in the world right now, Dr. Kirk Elliott. Dr. Kirk Elliott, I know you’re, like I said, you’re super busy because there’s FOMO going on about the silver right now. So thanks for joining us. I know you have a short period of time, so we’ll jump right in. Yeah, I mean, this is the wildest I’ve ever seen the markets. I think it caught an entire world flat-footed what happens. So to kind of put it into a nutshell, quick story, like a little over a week ago, I think it was a week ago last Thursday, lease rates on silver were at like 9% to 10%.

No, I’m sorry, that was on a Wednesday. Thursday, they jumped up to 27%. By Friday, they were 100%. So what does the lease rate mean in silver, right? So it’s the financing arm of whenever a trade settles, like there’s a short sale and there’s millions of ounces that a big bank needs to unwind or whatever. That has to be financed by a bank. So just like if you were getting a mortgage, Michael, and your credit stunk because it’s just a bad seed or whatever, right? So your mortgage rate is going to be much higher.

It’s a reflection of the risk, right? So what does a high lease rate mean? It means banks are thinking, we don’t know what’s going to happen. There’s way too much uncertainty, so the lease rates are up to 100%. So London, LBMA, there was a post that we talked about two weeks ago from the chief commodities analyst at TD Securities, TD, Toronto Dominion, TD Ameritrade, that TD, right? So he said London was going to be depleted in four months of their free float silver, which is silver that’s available to sell. So you and I would buy it from there, Samsung would buy it from there, whatever.

So metals that we have, our clients and friends and family and everybody allocated into the Texas precious metals depository, that’s not free float. We own it, it’s allocated, it’s in our name, it’s safe, it’s not out there for sale. Free float was going to go to zero in London in four months. You know what, it’s like happened already. That’s just a few weeks ago, it’s like it’s like gone. So London is scurrying and we’ve got this problem in the markets now called backwardation, meaning the current spot price, the London price is higher than the futures price for silver.

So what does that mean? It’s like normally in a normal market, futures prices are always higher than spot price because there’s a cost of storage, there’s a cost of carrying, there’s a cost of financing. So you add all of that on top of the spot price and futures prices should be higher. Now, the fact that futures prices are lower, does that mean people think the price of silver is going down? No, everyone thinks it’s going up and it’s going to go through the roof. But London has a problem and that is they have no inventory.

So they’re jacking up their bids to now where the difference between futures and current spot is like $2 and 50 cents. They’re offering more because they need to pull inventory in from the holders, whether that’s COMEX or China or India or whoever, there’s not a shortage of silver. Those COMEX, as we talked about, there’s been metals leaving London coming to New York for months. China has been buying up silver and gold like crazy. So is India. So there’s silver out there, but it’s not in London where it needs to be to settle contracts.

I mean, all roads lead to London. I don’t care if you’re buying metals here or in any other country has to go to London and then it’s shipped out to the rest of the world because of their refining relationships and dealer network and everything else. So they’re offering higher prices. Problem is it’s not high enough. Because if they really want inventory, they’re going to continue to raise that. Today it’s $2.50, maybe next week it’s going to be $3, and Wednesday it’s going to be $4, and then they’ll probably have to bump it up to $5.

They’re going to have to bump it up to whatever they need to get inventory into London. So is China going to do it? Maybe, maybe not. Maybe money is not the concern, that instant arbitrage, where you buy silver in China, buy silver in India, and sell it in London, and you make that different spread. What if China’s not in it for money? What if they want to destroy the Western financial system as we know it? And London could go bankrupt. Literally, the LBMA could go bankrupt. So therefore, the banks are seeing this and they’re saying, we’re going to raise the premium on basically the lease rate on silver because we don’t want to finance this stuff.

There’s way too much uncertainty. In fact, tomorrow on the 19th, there’s a big tariff announcement. Is Trump going to slap 100% tariffs on rare earth materials and strategic metals coming out of China? Well, maybe, maybe not. Or is silver going to be considered a strategic metal because it’s used in manufacturing for missiles and torpedoes and AI and everything else, right? It’s like we don’t know. The banks don’t know either. So therefore, they’ve got this high lease rate. Now, what this has done is it’s created zero liquidity in the markets. So this is going to cause refineries and dealers to absolutely go bankrupt.

Here’s the reason why. Now, let’s just say we as a broker are ordering metals from the depository. I’m just making up numbers here for sake of illustration. Let’s say we do 500,000 ounces a day. So the depository has to have 500,000 ounces sitting in free flow inventory for us to buy so they can ship it to people within a week. But no depository is going to have just one day of supply. They’re going to probably try to have five days of supply. So let’s just use these numbers. 500,000 with a lease rate of 100%, with silver being $52 an ounce, 100% means the interest charge is $52 a year.

Divide that by 365 days in a year. The cost to store metals, if you’re selling it for inventory, is 15 cents a day per ounce. So we’re just using my business as an example. Let’s say 500,000 ounces a day, 15 cents an ounce, that’s costing them $75,000 a day just to fund my demand. Well, what if they have five days worth of inventory on hand? Well, now you’re looking at a $250,000 a day finance charge. Now, I’m just one of hundreds of brokers that work with the depository. The depository is one of dozens, if not hundreds, of depositories that work with refineries.

So the refineries have this multiplicative effect on, are we going to manufacture 100 ounce bars, 10 ounce bars, 1,000 ounce bars, whatever, if we have to hold them at 15 cents an ounce per day, no. So they’re trying to get their inventory as flat as possible so they’re not holding anything, or else they’re going to go bankrupt. I mean, this is the problem with these high lease rates. How do you get the lease rates to come down? LBMA has to start jacking up their spot price to get people to release metals into the depository system so they can fulfill contracts.

See, the short side, when people have the short positions are actually what control markets, not the long positions. Because when you have shorts, you have to fulfill those shorts to release metals for the longs, right? So if banks aren’t funding that, because London doesn’t have any metals, these people that have short positions don’t have physical metals to deliver. It’s like the system’s absolutely broken, right? How many short positions, I think I’ve heard you mention this on another show, are there compared to like someone actually owns silver? So open interest on shorts is 770 million ounces right now.

The entire global mining capacity, what mines globally manufacture every year is about a little over 500 million. So they have more in short position than what’s actually manufactured in a year. This is the problem, right? So how do you fix it? London has to keep jacking up prices to get people to release inventory into the London system so they can fulfill contracts, right? So this is where when we are holders of the metal operating into this system, ultimately, we’re going to be able to sell into massive price increases, right? So that’s good for us.

It’s bad for people that own because right now, refineries all over the world are not producing metals, they’re not producing bars because the cost of carrying it is so high. So what is this going to mean, fundamentally, it means, you know, when we place a trade, for example, for a client, and they have inventory on hand, we place the trade, it shifts the next week. If the refinery system is moving to on demand orders, well, they’re going to have to manufacture it after they get the money, which means delivery dates are going to be three weeks out, maybe, I mean, I don’t know, right? We’ve never been in this problem before, but we’re going to on demand manufacturing.

So one of the largest refineries in the world, Hoorayas, out of Switzerland, I saw a note just on, it was either Thursday or Friday, it was yesterday or the day before. They are no longer committing to any delivery date. And then they backpedaled a little bit said, well, maybe one to two month delivery time. It’s like, okay, for us as investors, that’s a pain in the butt. And it’s inconvenient. And it causes trepidation, right? Because you can lock in your your price. But if you’re not getting delivery for a month or two, it’s constantly going to be flowing through your mind.

Am I going to get it? Am I actually going to get it, right? But it’s not insurmountable, it just causes stress, right? So but imagine, if you’re Sony, or Tesla, and you’ve got a two month delay on getting silver, you’re not going to be able to produce your product. What if you’re Lockheed Martin, and you’re making missiles and torpedoes for the war machine, and you can’t make a missile or torpedo for a couple months, because you can’t get delivery of silver to make the thing. See, this is where you’re going to start to have manufacturers go into bidding wars with the refineries themselves, the big ones and say, I don’t care if silver 60, we’re going to offer 80.

Put us at the top of the list, put us at the top of the queue. And then somebody else is gonna say, well, I want to be at the top of the queue, we’ll offer $100. And that’s right. So this is how bidding wars start out. But we London has a huge pickle. And I’m not convinced that this is going to be fixed anytime real soon. Because we don’t know if India and China, both massive BRICS nations, are in it for profit and squeezing London. This is a classic short squeeze that’s happening.

Or do they just really want to destroy the Western financial system and all the whole depository network globally moves from London and goes to the Shanghai Gold Exchange? I don’t know. We don’t know. All that we know is we don’t have a demand issue. Demand is through the roof. We have a supply issue. And the banks are unwilling to lend out money at reasonable rates. I mean, this is just insane, Michael. This is wild. So I did this show on Sunday night to my clients. I mean, we’ve gotten tens of thousands of views on it, where I was interviewing the president of the Texas Precious Metals Depository explaining the situation.

We got inundated, like literally thousands of calls after that. It’s like, what do we do? What do we do? Well, and people are concerned that they’ve missed the boat. It’s like, man, I just wish I would have, could have, should have bought silver when it was 18 or 25 or even 30 or 35 back when you and Michael were talking about it. And now it’s 52, right? So it’s like, well, you haven’t missed the boat. Yeah, it’s up a couple hundred percent. That’s amazing. But where we’re headed in a short squeeze, my numbers that I’ve projected, which have always been less than yours, and you might be absolutely spot on, right, is I think we’re going to hit 120 to 140 by late spring, early summer.

That’s more growth ahead than what we’ve already seen. Right. So it’s like, I would, the only way you miss the boat is if you don’t do anything with this news, right? Because the banks have to be willing to lend for carrying costs at a lower rate than a hundred percent. But here’s the thing. If London doesn’t start getting inventory, the lease rates don’t stop at a hundred percent. They could go much higher, right? Because they see, why would you lend out money if you’re a bank when, when you don’t know what’s going to happen with Trump’s tariffs? So what if you, what if you don’t think that the China and India are actually going to release inventory, even at higher prices.

So if London has to jack up prices really high to get inventory, it might bankrupt them. Literally, it might bankrupt them. And so this is how fragile the system is. It’s like, okay, I don’t, I don’t like investing in currencies because there’s political risk, exchange rate risk, right? But what, what about moving forward? How is the system going to change? I bet we’re going to have gold backed currencies moving forward because people losing faith in the governments and losing faith in the banking system. Even this morning, right before record this, I’m, I’m looking at the regional banks that are collapsing the massive, the massive like a loss of trust with like Zion’s bank, for example.

And a lot of the regional banks, they’re, they’re like, their stocks are plummeting. They’re, they, they have zero liquidity. Their capitalization is bad. They’ve put out bad loans. We’re on the verge of a banking failure. What’s going to make us think that on the verge of a banking failure, where banks are under capitalized, that they’re going to actually start releasing a bunch of funds for metals purchases. Right? It’s like, I don’t know. So, so I’ve never been an urgent kind of a guy. I mean, you and me are very similar. We’re very mellow.

It’s like, you know, you think about it, you pray about it, you do it when it’s right for you. And, but you know what? I have a sense of urgency right now. The supply may not be here three weeks from now. It might not be here two months from now. I don’t know, right? But, but we’ve never seen anything like this, even during the Hunt Brothers speculative blow off. We didn’t see the fundamentals like they are right now. I mean, this is markers and you have a government shutdown and you have $37 trillion worth of debt that we didn’t have in the late seventies, early eighties, when the Hunt Brothers thing collapsed.

The market is completely different. The world is completely different. There’s wars and rumors and wars. And like you and I have talked about in all of your technical charts, cause you’re an amazing technical like trader. You, you look at those things where I don’t necessarily do that. I look at the fundamentals, but when we’ve surpassed all time highs in both gold and silver, this is the main question I get. Kirk, why would I invest in something when it’s at an all time high? Okay. Logical question. People ask that same question about gold three months ago.

What is it now? It keeps getting all time highs every single day. Practically same with silver until the fundamentals of the market change, you’re going to continue getting all time hots because the, the reasons that cause the growth have not gone away. In fact, they’re getting worse. And from a technical standpoint, when there’s no more resistance lines, right? You take the old high, you know, come to the new high and you build this band. That’s a resistant point. 50 day moving average, 200 day moving average, Bollinger bands, whatever, right? So there isn’t any when you’re in uncharted territory.

So there’s not going to be any automatic sell orders to actually that, that these algorithmic traders and high frequency traders use to just lock in minuscule profits. They’re no longer there because we’re in uncharted territory. And this is where I warned a couple weeks ago, this is when you’re going to start to see silver move up a couple dollars, $3 an ounce in a trading period in a day, the gold over a hundred dollars in a day. People didn’t believe me. It’s like, well, that’s insane. Largely it doesn’t done that in years.

It’s like, it’s going to, and you know what it is this week, outside of Friday, outside of yesterday, you’re seeing 80 cent to $2 moves almost every single day. Well, what happened on Friday? What we thought would happen on Friday, silver came down a couple bucks. Why? Because Thursday night was options expiration day. The third Thursday of every month, people need to cover their shorts. There was, there was selling pressure. Prices came down, use that as a buying opportunity of a lifetime. I would allocate like soon next week because that wasn’t expected downturn, right? But it’s not going to stay there because fundamentals of the markets haven’t changed at all.

In fact, they’re getting worse. Yeah. Fantastic. Wow. And you know, you turned me on to Jesse Colombo, the bubble bubble report, and I subscribed to that newsletter. Wow. So good. He’s amazing. Such an amazing analyst. I mean, an ex from here, he’s saying $500. So it’s, I know both of us think that 75, I think maybe 85, who knows, maybe more, we’ll see. Because it’s, I think this is a collapse of the globalist financial empire. And you talked about how China, well, the bricks are basically trying to, I think, you know, take it down.

But I think President Trump has that as part of the bigger plan. When you, when you look at some of the information that’s out there, like the US national debt clock, right now they have President Abraham Lincoln on there and it says money will cease to be mastered and become the servant of humanity. Yeah. So we’re, we’re looking at monumental change in all of consciousness and all of humanity. It’s a great, great time. So God’s legal tender gold and silver guys. This is the best place to get it with Dr. Kirk Elliott and his team.

They now tell us just before you go, when we had a bank, a banking crisis, you had one of the biggest days ever. And how does that compare to just recently? Okay, so like the week of Silicon Valley bank failure, I mean, that was the busiest I’ve seen this industry in 20 plus years. Wow. And as a company, and we’re a really big company, God’s blessed us tremendously. But we’re doing like close to a hundred trades a day. I mean, and that was really super busy, like the busiest we’ve seen in decades.

On Monday, we, we did like almost 600 trades, right? So it’s a factor of three times more busy, the amount of call volume, the amount of people seeing what, and it’s just because of the education that you and I are giving up, people are understanding the implications of this, right? They’re, they’re calling like out of the woodwork, like 24 hours a day, practically, it’s like, man, it’s, it’s, we’re keeping up, but it’s like, man, it’s hard to keep up, right? Because there’s so much demand because the difference between when people lost confidence in the capitalization of their banks between that and now, the Western financial system, as we know, it is about to change.

It’s not just a regional bank failure. London is literally depleted of silver for sale. This impacts the entire global manufacturing community because they can’t get the physical delivery. I mean, this is, this is wild. I don’t know how else to explain it, right? But, but I am excited for all of us that hold. I’m, I’m a little concerned for people that want to allocate a month or two or three months from now. It’s like, I don’t know what’s going to be available. I really don’t, unless these things shake themselves out and get fixed.

Unobtanium. Yeah. So it could be, it could be. So we’re lucky that we’re seeing the silver price above 50. They’ve tried to knock it down because they need it under 50, but it stayed above 50. And as you see here on your site, the spot price is 5216, which is above, you know, the comics price. So this is this, like we’re talking about guys, this is probably even maybe next week, we might see this thing really, really take off. Cause we both said that after $50 hurdle gets breached, we’re probably going to see this thing really move fast.

So it’s still a great opportunity. A 10 X from here, there’s nothing that gives you that kind of return, nothing. And this is safe. This is a safe investment that gives you unbelievable crypto like returns. It’s amazing. Well, yeah, 10 X, eight X, five X. Let’s just say it’s two X between now and, and the spring. Okay. A two X is doubling between now. I mean, nobody would complain even about that, right? But I think what’s coming is more than that. I think it’s much more than that. Yeah. Yeah. Nothing, nothing has touched the, uh, the percentage gain in silver over the last year, uh, as charts on your site show.

So definitely, uh, if you want a free consultation, I know my audience has been blowing you up. Uh, you’ve probably got a long list of people. I know you’re here on a Saturday to, you know, kind of catch up. So thank you so much for that. Thank you for all the people that are right now finally seen. Cause they’ve been like, I know it’s been tough because silver has been, uh, in the doldrums for a while, but we said this time would come get in before. So now it’s taken off. There’s still time.

There’s still plenty of time. Uh, we’re in the very early stages of this bull market and silver and gold. Absolutely. Give us a holler. We’ll help you out. All right, sir. Uh, thank you so much. And thanks for taking the time on a Saturday to come in and talk with us. Have a great day. You too. Bye-bye. Bye-bye. [tr:trw].