When they snap back together for the fifth time, James is not talking about a cute new high. He is talking about unfathomable numbers. “$411.41 oz. It’ll be the 5th time these data sets have converged. 3 of the last 4 times, the silver price ran even higher.” Read. that. again.
FOUR ELEVEN.
Then higher.
Kevin Warsh can jawbone yields and metals all day.James says the DATA is louder than the podium.
The East and West silver prices have been incoherent for years. India and China keep a bid under the ACTUAL metals.
COMEX spot is the clown show underneath.
When those lines rejoin, history does not whisper. It detonates.
“This will be the fifth time this phenomenon has happened.” First three separations then reconvergences? 1973 to 74. 1979 to 80. 2006 to 08. Each time silver did not politely stop at the reunion. It ran. “Shorts will consistently lose at least until the red and blue lines reconverge.” “Once the worm has turned and silver starts running up a price wall like this. Yes, there will be volatility but generally you are in a secular bull market that will not stop until we have a reconvergence of these price data sets.” That is James in his own words. Volatility is the cover charge.The destination is the reconvergence, then the overshoot.
He has said the quiet part before and it still slaps. Silver would already be $375 if one entity were not sitting on the hose.
ETF demand is the mania fuel the Silver Institute leaves out of the deficit theater.
China has been vacuuming metal at sizes it never used to print.
When investment demand finally shows up for real, multiples are not a wish. They are the math.
“This is going to be a WILD RIDE, but the long term is still intact completely.”
Warsh talking. Treasury buybacks. Bond yields acting like they have a pulse. None of that changes the physical story.
The world is trying to rebalance a market that was priced in a paper casino while the East was stacking the real stuff.
James is not selling a sleepy base. He is looking for a fifth reunion of two prices that should never have been this far apart. Three of the last four reunions sent silver even higher after the hug.
STACK THROUGH THE JAWBONING. THE EAST IS ALREADY PREPARING FOR THE REAL NUMBER.
