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Someone Is Betting Millions on $20,000 Gold — Ed Steer Explains Why

Thursday, July 30, 2026 23:42

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Ed Steer breaks down the massive options bets stacking up on $20,000 gold, the “Bonfire of the Silver Shorts” that crushed prices earlier this year, and why the Shanghai Gold Exchange ending paper trading might not be a coincidence. Plus the hard numbers: a gold-silver ratio near 69, and silver’s sixth straight year of a supply deficit. In this video:

✅ Tens of millions being bet on gold at $6,000-$20,000 strike prices

✅ The unanswered question: who’s actually short these contracts?

✅ The “Bonfire of the Silver Shorts” — January’s spike and crash

✅ How spoofing allegedly drives the price down (the mechanics explained)

✅ Shanghai Gold Exchange ending paper trading — coincidence or not?

✅ The “Great Reset” thesis — a 50-year pricing scheme unwinding

✅ Ted Butler’s rule: it all comes down to the big 8 commercial shorts

✅ The numbers that matter: gold-silver ratio, silver’s supply deficit 00:00 Hook — the $20,000 gold call options 01:07 Who’s actually on the short side? 02:07 The “Bonfire of the Silver Shorts” 02:42 How the spoofing mechanics work 03:29 A different breed of buyer 03:53 Silver’s 2026 numbers so far 04:11 Shanghai Gold Exchange’s move 04:52 The “Great Reset” thesis 05:31 Ted Butler’s rule on the big 8 05:58 “Within weeks” 06:17 “It ends with a bang” 06:47 Closing numbers: ratio & deficit This is a condensed, chaptered breakdown of a longer interview for viewers who want the highlights fast. Full credit to the original interview and host — this is commentary and analysis, not a replacement for the source conversation. Note: claims of coordinated, decades-long price suppression remain a contested theory in the broader market, not a proven fact — viewer discretion advised.

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Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

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