Editor's Note: While trying to reclaim a little bit of sanity as my post, "It's my Birthday, So you Better Read This" was maliciously shadow-banned by the usual platforms (probably just a little too honest), some details concerning the mysterious 10-hour CME shutdown Thanksgiving evening into Black Friday were emerging from a variety of sources. Nothing you read below has been verified, since the principal parties aren't about to spill the beans on what actually happened, but, speculation points toward a major event that has been tucked away for safe keeping by the financial deep state. - Fearless Rick
The 10-hour shutdown of the CME, the world's major derivatives platform, late on the night of Thanksgiving and extending into Black Friday morning in the U.S., continues to raise eyebrows, though it is almost universally accepted that the cause was not "cooling issues" as the official story wants the world to believe.
The most likely cause was a large purchase of physical silver, the buyer (or buyers) standing for delivery and the contract seller (ostensibly a short seller) failing to deliver
At about the 5:15 mark of the video below, Mario Innecco begins to talk about 34 million ounces of silver (6,800 contracts) being bought by supposed Mideast Sovereign Wealth Funds or cental banks. That's about $1,972 trillion worth of silver that the customer was standing for delivery on and maybe did or did not receive, but that's just the tip of the silver iceberg that is threatening the Western economies and confidence in the institutions of the CME, COMEX, Globex, the LBMA, indeed, the pillars of derivative trading, the the main suppressors of gold and silver prices for the past 50 years.
Vince Lanci's analysis via the Wednesday, Decemebr 3, Arcadia Economics' Money Morning Report "SHOCKING SILVER NEWS: JP Morgan Transfers 13.4 Million Ounces To Eligible During CME Shutdown" provides further analysis and speculation to what happened on Thanksgiving evening and Black Friday morning at the CME. Lanci's reporting also verifies JP Morgan moving 13.4 million ounces from registered (available for delivery) to eligible (customer owned, not available for delivery).
Taking the gist of the two video postings together, a story begins to emerge. Of course, nothing is verified. It is still speculation, but, perhaps, just prior to the shutdown, the buyer of 6,800 silver contracts (5,000 ounces each) stood for delivery. Frantic, panicked, whoever wrote the contracts (could be one entity, or many) informed the CME that they didn't have the silver to satisfy delivery or didn't want to part with the metal.
It would appear that the writer of the contracts in question was most likely one bullion bank, possible the COMEX London vaults, a large broker-dealer or a combination of such. In an event that would shatter confidence - failing to deliver on nearly $2 trillion in silver - CME officials decided to shut down the entire exchange, effectively covering the tracks of the silver trade (or non-trade).
During the shutdown, as Lanci assiduously points out, negotiations took place, an agreement was reached, and that would partially explain JP Morgan's action, essentially, covering part of the purchase by reclassifying 13.4 million ounces. For illustration purposes, suppose JP Morgan was made part of the deal, instructed to cover part of the purchase via accounting. In essence, the 13.4 million ounces that were available prior to the shutdown became the property of the buyer, for delivery at some agreed-upon date. (BOLO for planes laden with 1,000-ounce silver bars leaving New York and headed for Dubai)
Digging a little deeper, the lie of the "cooling issue" story and the truth about what really happened begins to crystallize. About a week before Thanksgiving, President Trump welcomed Saudi Prince, Mohammed bin Salman, to the White House for extensive meetings attempting to repair the badly frayed U.S.-Saudi relationship. Desperate to make amends, Trump, who, as everybody knows, is the most fabulous, greatest-ever deal-maker in the history of the known universe, gave bin Salman just about anything and everything he wanted, including the purchase of F-35 fighter jets wihtout the caveat of normalization of relations between the Kingdom of Saud and Israel.
Just before the Saudi visit, on or about November 11, the United States declared silver a critical mineral.
The Saudis, being not the least misinformed concerning geopolitics and money, might have decided that silver at $57 to $58 per ounce might offer an opportunity to trip up the United States and cripple the corrupt Western derivative markets, while at the same time grabbing hold of a valuable asset that is likely going to triple in value over the next 12-18 months.
After all, at the Bank of Bullion in Dubai, on their FAQs page, the answer to the question:
What is the minimum Quantity of gold and other precious metals I can buy from Bank of Bullion?
is
1 Oz of Gold, Platinum or Palladium. 10 Oz of Silver
For reference, one ounce of gold is roughly $4,250. 10 ounces of silver is only about $570.00. Why not 75, 80, or 100 ounces of silver, which would be roughly equivalent to the minimum capital limit on gold?
This aligns with India's recent directive to allow citizens and businesses to borrow against their gold and silver, their minimums being 1 Kilogram of gold or 10 Kilograms of silver.
The world order is being turned upside-down and it may take just one big trade to completely flip the scales.
Markets are open for Friday's trading.
Good luck.
At the Close, Thursday, November 4, 2025:
Dow: 47,850.94, -31.96 (-0.07%)
NASDAQ: 23,505.14, +51.04 (+0.22%)
S&P 500: 6,857.12, +7.40 (+0.11%)
NYSE Composite: 21,835.79, +30.39 (+0.14%)
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