· 供应链分析
白银崩盘的报道是我见过最不诚实的。从《福布斯》到《华尔街日报》等主流媒体，都将白银28%以上的暴跌归咎于新任美联储主席Kevin Warsh。但他们忽略了真正的原因：- 芝商所(CME)白银维持保证金上调5次以上，并改为百分比基准；- 金银商银行（如摩根大通、多伦多道明银行等）面临无限亏损；- 交易所因溢价高于上海黄金交易所(SHFE)合约而暂停交易。媒体系统性地掩盖了这一事实：白银是被交易所规则砸盘的。当前的媒体报道正在掩盖那些为避免机构从未持有的“纸白银”无限亏损而设立的“不公平规则”。
The Silver crash has the most dishonest reporting I've ever seen. From mainstream media like Forbes to WSJ. Everyone pins Silver's 28%+ crash on the new Fed chair Kevin Warsh. But they fail to report the true cause: - CME maintenance margin on Silver hiking 5+ times -> changing to percentage base - Bullion banks (JPMorgan, TD, etc) were facing infinite losses - Exchange halts due to premiums over SHFE contracts. The media is systematically burying this fact: Silver was crashed by exchange rules. Current media reporting is covering up the "unfair rules" that were put in place to avoid infinite losses from the "Paper Trade" Silver the institutions never had.