Jim Sinclair and FOFOA literally are falling down drunk right now. :) https://t.co/gyiscgZUNp
— Tom Luongo (Head Sneetch) (@TFL1728) December 26, 2025
from APMEX.
12:15. You've got multiple claims on metal, otherwise they'd be f*cking doing business and selling it at $82. They're shut down. Why do you think JP Morgan is moving to Singapore? Why do you think JP Morgan took metal off the market in COMEX? Why do you think all of this metal is coming from Latin America into the US? Why do you think? I'm going to get into that into much more detail with Eric who really tied a couple of pieces together that I missed.
12:45. Keep in mind, all of this is happening that we described while the Middle East readies a tokenized silver product. US has listed silver as critical. Russia has begun buying silver for its balance sheet. And Indians are now permitted not to sell their silver instead use it as collateral for money. Every nation on Earth is now protecting its critical minerals, and silver is the most undervalued asset on Earth. This is no bubble. This is silver exiting a crater and capital controls and rationing will stop it.
13:18. Finally, remember that in the US, 401ks will be eligible for metals in February, and China's restriction of all imports goes into effect in January.
13:28. So let's move on to the price action which is secondary to everything we've been talking about. Okay, so we're trading $4,530. Price doesn't matter. Nations have been printing money for the last 2 years to buy metal and the cat is getting out of the bag now. China does this . . . I don't want to give too much away what Eric and I are going to talk about, but this is the behavior of China in base metals coming to precious metals. And this is London closed for business. Tom Luongo is going to love that.
15:05. I'm telling you guys it's happening. For the last 30 years, the precious metal market has been forced to become a financial market and they've dissuaded people from owning metal. "You don't need it. Just short the dollar if you're bullish gold. You don't need the silver. You can use something else." And now Asia and the BRICS have said, "No. We want the metal because you guys aren't trustworthy on the dollars anymore. Gold doesn't care, and silver is right behind it in terms of counterparty risk. And guess what, the bullion banks in London and the LBMA for decades have been treating silver like a purely financial product when there is no silver to borrow anymore. It's over, okay. The world is split. I'm Vince. Have a good day.
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