Reformed Wall Streeter Dylan Jovine is warning about a $27 trillion repricing event that could happen as soon as September 30th.
It will expose one of the single greatest financial scandals in history and one “Shadow Miner” Company at the center of it could surge by more than 1,000%.
The Teaser
This isn’t about a market correction, but rather a ‘financial crime’ that has been running for more than half a century.
Dylan isn’t a doomsday investor, but he did warn about the 2008 Financial Crisis a full year before Lehman Brothers collapsed and he also called the bottom of the Covid crash almost to the day.
We have reviewed some of his more recent picks, including his Last Energy Revolution Stock and Trump’s Checkmate Stock, among others.
Today, Dylan says he’s focused entirely on the resources sector and the ‘financial crime’ that he’s hinting at is the rigging of the gold market.
What Dylan means by this is the deliberate and strategic suppression of the gold price via the paper gold futures market.
It’s something traders and metal investors have been crying foul about for decades and in 2023 they were proven right.
That’s when a federal judge in Chicago sentenced JP Morgan’s head gold trader to two years in federal prison.
All told, ten traders from five major banks (JPM, BofA, Deutsche Bank, The Bank of Nova Scotia, and Morgan Stanley) were convicted.
Coincidentally, immediately following the convictions, the physical price of gold in Shanghai disconnected from the ‘paper’ price in London, blowing out to $120 an ounce.
As a result, the spot price of gold almost immediately repriced from $1,800 to more than $2,100, and it hasn’t looked back since.
Since 2023, gold has made more than 100 new all-time highs over the past three years.
Now that the illusion between physical and paper gold has cracked, Dylan’s analysis suggests that a 90-year old law will finish it off for good, triggering “the most epic financial shakeup since the Great Depression” and one company he calls the “Shadow Miner” will be the primary beneficiary.
The Pitch
It’s name and a full breakdown is provided in a research report called “The End of the Fix: The One Stock for the Coming Gold Revolution.”
The only way to get a copy is with a subscription to Dylan’s flagship research service, Behind the Markets. A one year subscription typically costs $399, but a one-time discount is being offered to new subscribers taking the price down to $49, with a satisfaction guarantee.
The Effective Revaluation of Gold
The gap between what the dollar claims gold is worth and what the math says it’s worth has become impossible to ignore.
Despite this, the system won’t just spontaneously break on a random Tuesday afternoon.
According to Dylan, it will begin to unravel on the next First Notice Day.
In futures trading, a First Notice Day is simply the first day an individual or institution can file a delivery notice declaring their intention to take physical delivery of a commodity.
Physical delivery is codified in the Commodity Exchange (COMEX) rulebook in Section 702, which states:
If a clearing member fails to perform its delivery obligations, it may be deemed in default
Additionally, COMEX’s rules are backed up by the 90-year old law Dylan referenced earlier, the Commodity Exchange Act of 1936, which the federal Commodity Futures Trading Commission (CFTC) actively enforces.
Now, it just so happens that the next First Notice Day or when paper holders can legally demand delivery of physical gold bars, is September 30th.
This is when the next wave of paper promises come due and Dylan’s research shows there could be a vault drain coming.
A slow, methodical buyer, perhaps China, Russia, or even India, has been opening contracts, taking immediate delivery, and then physically removing the gold from the COMEX system.
It comes at a time when registered gold inventory on the COMEX stands at 15.1 million ounces (oz) against open contracts for 41.4M oz.
A leverage ratio approaching 3x.
Couple this with continued gold buying by central banks, the removal of gold reserves from American vaults by foreign countries, and people buying more gold last year than at any point since the 1970s, you know it’s bad when Costco starts selling gold coins next to it’s hot dogs. Put it all together and we have a compelling setup for a potential gold repricing event.
But besides physical gold, what else should we own to not just protect our money, but multiply it?
Revealing Dylan Jovine’s “Shadow Miner” Company
Own the source.
Dylan says “when the world runs out of gold, the company that owns the gold still in the ground becomes one of the most valuable assets on the planet.”
To this extent, his “Shadow Miner” company owns an entire vault worth. Here is what we know about it:
- This company is sitting on 88 million ounces of gold resources.
- It has regulatory certainty, having been granted a rare ‘Substantially Started‘ designation.
- It is located in one of the safest mining jurisdictions in the world, a region known as the ‘Golden Triangle’ in British Columbia.
When we consider everything together, the name that comes up is Seabridge Gold Inc. (NYSE: SA)*.
- Seabridge’s Kerr-Sulphurets-Mitchell (KSM) project is the world’s largest undeveloped gold mine, containing some 88.7M oz of measured and indicated (M&I) gold reserves.
- The gold miner received it’s ‘substantially started‘ designation from the British Columbia government in July 2024.
- It’s wholly-owned KSM Project is located 65km northwest of Stewart, BC in a mineral-rich area known as the ‘Golden Triangle.’
A Surefire 1,000% in One Year?
Dylan teased a gold revaluation, an investment target, and a timeline.
On the first score, there is historical precedent to COMEX vaults nearly being emptied out by investors taking physical delivery.
It’s happened on no less than seven occasions and each time, COMEX changed it’s rules overnight to avert a default. I expect some version of the same if/when such a scenario plays out again.
When it comes to the investment target, it’s true that miners have been a leveraged bet on physical metals for a long time.
For safety of principal and a satisfactory return, I own both physical gold and Seabridge Gold stock.
Both have been good to me, with the latter up nearly 200% since buying in last year. Seabridge still has lots of room to run in my admittedly biased opinion though, as it’s trading at a more than 90x discount to it’s M&I reserves.
Lastly, the end of September for a COMEX default event and one-year 10-bagger call for SA stock are aggressive. While the former is anyone’s guess, the latter is more of a 2-3 year timeframe.
The tight timelines are the most questionable parts of Dylan’s entire thesis, otherwise it’s as solid as a 1oz gold bar.
Quick Recap & Conclusion
- Ex-Wall Streeter Dylan Jovine is warning about a $27 trillion repricing event and one “Shadow Miner” Company at the center of it could surge by more than 1,000%.
- The potential repricing is the gap between paper gold promises (futures) and physical gold closing, with a $3,000 increase from today’s gold price representing a $27 trillion repricing of global gold holdings.
- The name and a full breakdown of the best way to profit from such a repricing event is revealed in a research report called “The End of the Fix: The One Stock for the Coming Gold Revolution.” The only way to get a copy is with a subscription to Dylan’s flagship research service, Behind the Markets, which costs $49 for first-time subscribers (normally $399).
- A few clues were enough for us to reveal the “Shadow Miner” for free. It’s Seabridge Gold Inc. (NYSE: SA)*.
- SA provides safety of principal, given the large discount to it’s measured and indicated reserves, and upside potential thanks to its gold, silver, and copper assets.
What is your timeline for a gold repricing? Drop your thoughts in the comments.
* The author owns shares in Seabridge Gold Inc. (NYSE: SA).