JP Morgan Target: GOLD $9,200 & SILVER $500 This Summer! - Andy Schectman Bombshell

Added: 2026-05-26

[00:00:00]You know, I'm I'm mean I think there are a lot of things that are just not so normal right now and This is the long game.

[00:00:08]>> like? What does that moment actually look like, Andy? Scary as hell, Michelle. Who the hell really knows exactly what it looks like because the Western media may not really portray it, but what it is is everyone takes their toys and goes home and the volume dries up on COMEX and you see the West lose relevance in in pricing the world's commodities. Mhm.

[00:00:34]When you have a an exchange, Michelle, in order for the the exchange to be validated as real, you have to allow deliverability.

[00:00:41]And if you do not allow deliverability, then what is an exchange but a casino?

[00:00:47]It's not and and that's why this is being exposed because you see the deliverability. And so this is why they're focusing on deliverable because that is what makes it legitimate. If you're going to set the price and you got to be able to deliver. And if you're just if it's just a piece of paper or a digit on the screen without the ability to deliver, then what good is it? It's not.

[00:01:09]Andy Schectman warns that as Asia builds physically deliverable gold and silver exchanges in Singapore and Hong Kong, the West paper-based pricing system is losing credibility. When the physical price diverges sharply from COMEX's paper price, true price discovery hits and gold and silver prices could surge overnight. You start to expose the real difference between paper silver and gold and real silver and gold. That is when the confidence cracks, period. And you see that with the arbitrage, the 10 11 12 13 dollar difference that has never gone away in Shanghai. That that arbitrage should have disappeared immediately, but it's been almost a year now. They're showing you that the price in the West is not real. That's probably why they're trading in in US dollars in Singapore. Again, taking advantage of the idiocy of the West who has who has suppressed the paper price forever, which has allowed these institutions and these countries to build their stockpile and push everything from the West to the East. And the JP Morgan traders who trade 10 million ounces at a you know at a at a at $11 premium, you make $110 million and off you go to Tahiti.

[00:02:22]It's very enticing. But the thing is these exchanges will pretty much ensure that that metal stays in the East, doesn't come back. So, they'll use the trade imbalance that they enjoy against us to entice the West to bleed everything over that they can. And the difference once the West paper price starts to look completely different to the physical price, the cash and carry price, well, that's when Houston, you got a very big problem. That is when you start to see exchanges telling different stories. As you expose the difference between the paper and and the physical, late last year they they built a physically deliverable gold contract kilo bar based.

[00:03:06]That's the important distinction in that London is 400 oz. The United States is primarily 100 oz. They do have kilos, but primarily 100 oz. But the kilo bar is built specifically for Asia. And they've already completed deliveries.

[00:03:21]So, this isn't theory, it's already happened and it is happening. Um and it it began what is a you know, a step towards a parallel system, physical deliverable closer to the real demand.

[00:03:36]Um and now they are bringing out something similar in in silver. Where um in the United States, you have a a five a thousand ounce um silver contract that is highly financialized and uh, lacks the the trust through the rehypothecation, not financialization.

[00:04:02]And that's stuff that I know a lot of people have covered, not just us, for a very long time. And I think what they're trying to do with the silver contract is be the Asian pricing hub, as you mentioned, for silver. And where it's tied to the real industrial demand. And China and silver is synonymous with industrial demand.

[00:04:24]But this will be done with delivery outside of New York and London. And I think when you look at Singapore, first and foremost, you know, they have low taxes, they have massive vaulting infrastructure, they're a neutral country. When's the last time you ever heard the the word war associated with Singapore? And I think this is not random at all. This is actually rather strategic. And I think that this is where the metal moves, in this area, far more so than here in the United States. And and I really think that, you know, the 5,000 oz contracts for COMEX, it just seems that the the whole system is built for traders and speculators, not the users of the real thing. And so they come in with the smaller contract of 1,000 oz with higher purity, 49 fine, with immediate delivery.

[00:05:12]And I guess it's more along lines to me, I read it as more along lines of built for people who or institutions that actually need the silver. It's a different philosophy, if you will, than than COMEX. And I think this does become a problem for COMEX. And maybe not today, but when you see physical demand starts settling in Asia.

[00:05:32]And if industrial users prefer taking delivery there, then price discovery, to your point, slowly moves away from the paper promises of the West, uh, toward towards the the East, where the metal is actually used and understood. And and I think it gets dangerous Michelle when you look at the gold and silver and you realize fragmentation. Now, we've seen that already, right? The difference between the COMEX price and the Shanghai price. We see the arbitrage, the the fragmenting. Now, you have the Singapore price uh with physical premiums all telling different stories. So, you start exposing the difference very quickly between paper silver and real silver and that's when the confidence begins to crack.

[00:06:15]Good. And so, this is again all fitting into a bigger thing, but I would say it's a big deal when the LME and the LBMA and the COMEX are losing credibility. You look at the LME with the nickel fiasco where they they halted trades and and and invalidated all of them. Not cool. You look at the four glitches on COMEX. Not cool. You look at the you know, the the problems with the LBMA which is a T+1 settlement and for a good portion of last year was T+8 weeks. Not cool. And at some point the rest of the world says, "Not cool." and starts building their own infrastructure using the stupidity of the West and their suppression to continue to drain it while building the infrastructure, while not throwing it in the face of this administration and not mentioning the word BRICS. Yet, all of these countries will be aligned in that infrastructure. This is the BRICS rails, but it's being set up as China's expansion and internationalization of the yuan. Okay, cool. But, they're all going to connect and that is the new system that I think will once fully mature substantially challenge the West. Well, no one trusts the West. And so, that's the foundation. And I think it's a very big deal because, you know, when you talk about I have for a long time talked about the significance of a vault in Hong Kong because first and foremost when gold leaves China, it has to go through Hong Kong.

[00:07:41]And you know, their ambitions for the inter- internationalization and expansion of the Yuan, first and foremost, it hinges on wider adoption. And I what better way to embed credibility than to anchor it in gold. And so, you talk about Yuan settled gold trades through Hong Kong, in essence, give the RMB a hard asset backing. And they made it recently convertible to gold without going into dollars first. So, you know, it this is the beginning of a physical gold settlement outside of Western control.

[00:08:18]And it also gives the the BRICS a clearing system, a place to settle gold trades without touching the Western infrastructure at all.

[00:08:30]And, you know, anchoring the Yuan in gold until that happens. And so, when you realize that this connects the the BRICS payment infrastructure, like mBridge, which allows instant payments between central banks, China, Hong Kong, Thailand, UAE, and Saudi Arabia, and others that have signed up as observation members, it's growing.

[00:08:51]This will plug right into the system.

[00:08:52]And I've talked about that with you for a while, how significant it is in Hong Kong. And then again, when you look at what UAE is doing, breaking away from from OPEC, a member of of um BRICS, and a country that just signed 25-point massive deal with with China directly, only in Yuan, outside the dollar.

[00:09:14]And they're a charter member of mBridge.

[00:09:16]This is growing in reality, it is growing in significance.

[00:09:21]And it also supports the unit, which is actually operational, which says it's 40% gold backed, deliverable upon demand to central banks. So, yeah, I think the the this is a this is a massive deal, especially when you see how much gold China has been accumulating. I mean, I just think it's it's one piece of a deliberate multi-year architecture.

[00:09:49]The M-Bridge for payments, the Shanghai Gold Exchange for price setting, the unit currency for trade settlement along with CIPS, and now Hong Kong for physical clearing and and yuan offshore yuan gold convertibility. And that's what all of these exchanges will ultimately be is is convertible gold from trade. And who who the hell wants to trade on our exchanges anymore? And that's when just like that, they become the global hub for price setting. The Western price becomes irrelevant globally at that point. I mean, because it just shrivels up out of lack of volume.

[00:10:29]And would that be like a tipping point, an overnight sort of surge in price valuations for silver or for gold? Or would you see this gradually? Is there a point where that all of a sudden fully cracks? So, is there a point where there's an inflection point and you wake up one morning and it's a whole different world?

[00:10:49]>> felt that that was the case, yes. But if if See, this is the what we're talking about, this infrastructure is the gradual. The the arbitrage is the gradual. The deliveries are the gradual.

[00:11:02]The rise in price, which has been substantial, great volatility, yes, but I mean, silver was just 35 bucks last year. And even that even though that it's pulled back >> when do we wake up and see a whole different world?

[00:11:15]>> When that moment happens. When when that moment happens. And I don't know when that'll be. But, you know, when when you look at the open interest massively declining, that would be a good sign of it where like we've seen where people just don't want to play in the Western system anymore because it is untrustworthy. Because they do things like glitch, stop the circuit breakers on the way down. Oh, it didn't work. Or overheating on Thanksgiving night. Just the just the gold servers at 11:00 at night on Thanksgiving. Out of the thousand commodities traded, just the gold servers. Forget about the triple redundancy. They're right in your face now. And I think that is an issue. And so this is this is what they're doing.

[00:11:56]This is the little by little. And you've seen the price move. I mean, look at gold. It's been The move has been fantastic. But yet no one notices it because it's not sexy like Bitcoin. It's not sexy like Well, it is it is down from where we started the year and silver is significantly down, just to be fair.

[00:12:13]Um from what not where we started the year.

[00:12:16]Well, yes. Yes, I take that back. From January, it is. It is. You're right. It is. But so what? The year is not over yet and it's outpaced everything up until this point. And no one acknowledges that that, you know, silver was up 150% last year. Gold was up 70% last year. Gold was up 40% the year before. No one acknowledges that. And Richard Russell used to say you make 7% a year, you're you'll go down in the investing Hall of Fame. Now, times are different, right? Or are they? I mean, is it normal that that 15% of the S&P 500 is responsible for 97% of of its profit? Five or six or seven stocks? Is that really normal? And that's where they see they're looking at it the right way. Ultimately, where the commodity is responsible for the price. Over here, commodities price Oil was negative $40 in 2020. Now, explain to me how the hell you do that. A barrel.

[00:13:14]That's where the futures market controls the price of the underlying commodity.

[00:13:19]And um I would just simply say this is why you hear the word deliverable in all of these other exchanges because they know exactly what the what the real issue is. And so yes, I do think people would trust them in in the right environment. Now looking at it from United States perspective, who would trust China? Well, okay, fine.

[00:13:42]Personally, if I were at that level and this product was what they are doing, I would argue that they have already shown greater integrity than the Western system who has done nothing but screw the gold and silver miners and the gold and silver holders and and the whole industry repetitively and they continue to do so and they lack transparency and they rehypothecate and they play games and they're not. And that to me is I do believe and I I say this as a patriot, someone who thanks God every day I live here, but I'm telling you we're squandering a good thing by doing this stuff. And you know, what's the old saying? Shame shame Screw me once, shame on you. Screw me a thousand times, at what point does it shame on us? And the COMEX, the LBMA, the LME, at what point does it just become they don't deserve to set the price globally? And if the only way that that to this bifurcation, whatever happened is if we would not allow metal to leave the country. If that happens, our exchanges are dead in the water overnight. And then bang, you see what gold and silver's price really are. Two assets, Michelle, that have never been allowed to truly find price discovery.

[00:14:57]And the only reason that all these folks over there are not screaming bloody murder about that is they're using it against us by standing for delivery.

[00:15:05]Then we'll see what real price discovery looks like when there's no one silly enough to send out gold and silver, real stuff, real commodities, copper, whatever commodity is, at the Western make-believe price. That's when we have big problems.