By David Jensen
https://substack.com/@jensendavid [1]
Saturday, October 11, 2025
In its article [2] today Bloomberg News reports that the London market is essentially in a state of lockup: "The cost to borrow London silver overnight rose well over 100% on an annualized basis, which at least one market veteran said he believed was higher than anything seen during the 1980 squeeze"; that bid-ask spreads were blowing out due to market illiquidity; and that it is unclear how this situation will resolve itself.
... Dispatch continues below ...
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Blue Lagoon Highlights Optimal Market Timing
As Underground Mining Advances At Dome Mountain
Company Announcement
Thursday, October 9, 2025
VANCOUVER, British Columbia, Canada -- Blue Lagoon Resources Inc. (CSE: BLLG; OTCQB: BLAGF; FSE: 7BL) announces that underground mining has entered its second week at the company's fully permitted Dome Mountain Gold Project near Smithers, British Columbia, amid the strongest gold price environment ever.
Last week's start of underground operations marked the beginning of Blue Lagoon's transition from development to production -- a milestone occurring at an opportune time as gold prices reach fresh record highs and worldwide investor interest in precious metals accelerates.
"Timing in the mining business is everything," says Blue Lagoon President and CEO Rana Vig. "With underground mining now underway and gold prices at record levels, Blue Lagoon is well positioned to capitalize on this strong market environment. Our strategy has always been to move Dome Mountain into production efficiently and responsibly, and today those efforts are aligning with market conditions." ...
... For the remainder of the announcement:
https://bluelagoonresources.
---
Blue Lagoon Resources will be represented in New York on October 20 and 21 and will be scheduling private appointments. For more information, contact President and CEO Rana Vig at rana@ranavig.com [4].
The article also reports "the London Bullion Market Association ... said in a statement that it was 'aware of tightness in the silver market and is actively monitoring the situation.'"
Smile.
What is needed for the market to clear is for the silver price to move much higher in the near term to mobilize silver to London.
And the most essential point, which the Bloomberg article does not mention, is the billions of ounces of London private cash/spot contracts for immediate delivery of silver that cannot be fulfilled. Default. ...
... For the remainder of the analysis:
https://substack.com/home/post/p-175892646 [5]
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