"The sci-fi films and books take place in a universe where a single, desolate and hostile planet, called Arrakis, controls the production of the Spice Melange, a powder that grants its users mind expansion powers and enhanced space travel mental navigation properties that are essential for interplanetary transport. Wars, espionage, and intrigue all become part of the plots, since control of the spice confers power over the entire market, and thus, the universe."
"The triggering event was the October occurrence of unprecedented deep backwardation in the silver market, setting a new record high - a $2.88 gap with the spot market price exceeding that of the futures market. Spurred on by the artificially suppressed price of silver in the futures markets controlled by the COMEX, CFTC and LBMA, a huge influx of physical silver buying from India caught the LBMA unprepared, and with insufficient supply."
Control over scarce, strategic commodities creates outsized geopolitical and economic power, analogous to Arrakis, OPEC, and DeBeers. Long-entrenched manipulative practices in silver futures markets are fracturing, producing record deep backwardation and a $2.88 spot-to-futures gap in October. Artificially suppressed futures pricing, combined with a sudden surge of physical buying from India, exposed insufficient LBMA supply and created soaring spot premiums and global market turbulence. LBMA has a history of overstating silver inventory. Silver also faces strong industrial demand from smartphones, TVs, batteries, electric vehicles, and solar panels, supporting potential sustained price pressure and mining-stock upside.
Read at 24/7 Wall St.
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