Un Podcast Sobre Bitcoin Corrida bancaria en la plata: ¿Qué viene a continuación?
Dec 3, 2025
In this intriguing discussion, the host delves into the recent CME futures outage, linking it to possible manipulations in the silver market. He highlights unusual physical deliveries and a rare backwardation phenomenon, suggesting intense demand pressures. Historical parallels with the Hunt brothers' silver squeeze and the negative oil futures in 2020 reveal the cyclical nature of market dynamics. Additionally, the concept of Bitcoin-backed lending is explored, showcasing innovative ways to leverage digital assets in today's economy.
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Large Physical Delivery Rumor In November
- A rumor said a large Chinese buyer demanded physical delivery of ~37 million ounces of silver over Nov 26–28.
- Alberto Mera recounts deposit records showing big withdrawals and JP Morgan short-sale entries suggesting delivery stress.
Outage Coincided With Metal Market Stress
- The CME outage only affected precious metals futures, which is suspicious given redundant data-center cooling systems.
- Alberto argues the outage plus withdrawals and backwardation point to real market stress, not a mere HVAC failure.
Backwardation Signals Acute Physical Tightness
- Backwardation shows spot silver traded above futures, an unusual sign for a physical commodity.
- This indicates a premium for immediate metal and supports the thesis of acute physical tightness in silver.