Ivor Cummins

210,322 Twitter followers

Technical Manager / Team Leader, Biochemical Engineer, Complex Problem Solving Specialist, Technologist, WW2 and Psychology buff. My Pronouns: We/The/People

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Ivor Cummins

01-14

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Just sent to me, dunno of accurate #Silver: BREAKING: UBS ULTIMATUM ON SILVER-SHORTS [13 Jan 2026 at 17:24] An internal UBS report, classified as urgent, reveals an existential crisis at Switzerland's largest bank, jeopardizing not only UBS itself, but the entire Swiss financial center and the stability of the Swiss franc. Background: UBS currently holds a silver short position of approximately 5.2 billion troy ounces. This is more than eight times the global annual production and exceeds the bank's core capital by over 200 percent. Based on this position, there is an accounting loss of around 223 billion Swiss francs – meaning the bank is technically insolvent solely due to its silver exposure. UBS currently holds a silver short position of approximately 5.2 billion troy ounces. Consequences: * The Swiss National Bank (SNB) has issued an ultimatum to UBS: 80 percent of the position must be reduced by February 10, 2026, otherwise emergency liquidity will be withdrawn and UBS will face immediate insolvency. * According to internal calculations, an orderly reduction of this position is practically impossible, as global trading volume does not cover the necessary amount. * Failure to reduce the position would depreciate the Swiss franc by 20-30 percent, trigger capital outflows, and negatively impact the entire economy. Public demands: * The Swiss population has a right to transparency. * The media and government officials must immediately inform the public about the extent of the crisis. * Coordinated measures by the SNB, the Federal Council, and the Federal Department of Finance are essential to safeguard the financial center and the Swiss franc. This is not a theoretical risk. The situation is acute and systemic. Every additional day without public information increases the risk of serious economic damage for all of Switzerland. * The Swiss population has a right to transparency. * The media and government officials must immediately inform the public about the extent of the crisis. * Coordinated measures by the SNB, the Federal Council, and the Federal Department of Finance are essential to safeguard the financial center and the Swiss franc. * This is not a theoretical risk. The situation is acute and systemic. Every additional day without public information increases the risk of serious economic damage for the whole of Switzerland. ============================

TROY

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