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re: This could be something....Look beyond equities, Silver to be the next short squeeze
Posted on 2/12/21 at 12:46 pm to rintintin
Posted on 2/12/21 at 12:46 pm to rintintin
quote:
For those still on this trade, I'm not an avid chartist but the Silver daily chart appears to be forming a long cup and handle dating back to Aug. This was always expected to take a while to play out if it indeed is a play.
Interesting pop this morning also with no news.
I still have AG calls.
No news is good news, spot price still has a long way before it meets retail pricing. I’m sure the miners have been raising hell that they’ve been losing out on 20/30% more money because of the COMEX’s antics. If I were them I would withhold inventory, claim it’s because of COVID and then watch the COMEX scramble to try and source silver for delivery. The 1000 oz bars are running low already so the fun is just getting started.
1
Posted on 2/12/21 at 1:06 pm to FredsGotSlacks
Many of the larger mining operations closed last summer and had limited crews for maintenance/repairs. Many have since reopened on a limited basis, to take advantage of low fuel costs and elevated spot prices.
They're slowly bringing their workforce back up to full capacities ... assuming the government doesn't impede their plans.
There's no shortage of physical silver, .... there's just a shortage of people willing to sell it ....
They're slowly bringing their workforce back up to full capacities ... assuming the government doesn't impede their plans.
There's no shortage of physical silver, .... there's just a shortage of people willing to sell it ....
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