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re: AG/SLVPosted by Travis Scott on 2/1/21 at 11:03 am to ToldYouSo1
Buy and hopefully sell for a profit
re: AG/SLVPosted by rocket31 on 2/1/21 at 11:06 am to ToldYouSo1
there will never be a short squeeze with silver because its a trillion-dollar + market cap
on top of that, if banks ever did become concerned about a "silver short squeeze" they would literally just mine more of it, as would cost less than bankruptcy
in conclusion, the silver squeeze propaganda was put up by mainstream to delude millions of people and distract away from GME
it worked flawlessly because most people are convenient pawns who have next to zero critical thinking abilities
on top of that, if banks ever did become concerned about a "silver short squeeze" they would literally just mine more of it, as would cost less than bankruptcy
in conclusion, the silver squeeze propaganda was put up by mainstream to delude millions of people and distract away from GME
it worked flawlessly because most people are convenient pawns who have next to zero critical thinking abilities
re: AG/SLVPosted by High C on 2/1/21 at 11:15 am to ToldYouSo1
There’s a 21 page thread devoted to this very thing right on the front page. People like you are the reason AT can’t do his thing.
re: AG/SLVPosted by NYNolaguy1 on 2/1/21 at 11:33 am to rocket31
quote:
its a trillion-dollar + market cap
This is true only if you believe there's enough physical silver to cover paper silver.
re: AG/SLVPosted by tenderfoot tigah on 2/1/21 at 11:33 am to ToldYouSo1
Silver coins are selling for over $45 on Ebay. It is a good buy IMO.
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re: AG/SLVPosted by rocket31 on 2/1/21 at 11:37 am to NYNolaguy1
quote:
This is true only if you believe there's enough physical silver to cover paper silver.
yea, investing into a commodity with an unknown supply - what could go wrong?
thats a whole other topic
This post was edited on 2/1 at 11:38 am
re: AG/SLVPosted by FredsGotSlacks on 2/1/21 at 11:37 am to rocket31
quote:
there will never be a short squeeze with silver because its a trillion-dollar + market cap on top of that, if banks ever did become concerned about a "silver short squeeze" they would literally just mine more of it, as would cost less than bankruptcy in conclusion, the silver squeeze propaganda was put up by mainstream to delude millions of people and distract away from GME it worked flawlessly because most people are convenient pawns who have next to zero critical thinking abilities
We are all dumber for having read what you just typed...
1) silver is trillion dollar market on paper, the squeeze is exploiting this and driving the price up. There was roughly $5 billion in available consumer silver last week, it is now probably sitting around 20% of that number. Commodity prices have soared and we are only 4 days into this, so obviously you have no idea what you are talking about
2) last year total global production was 900 million ozs Selling around $20/oz, a global production value of 20 billion is an absolute joke for a commodity as rare and important as silver
3) most production silver is gobbled up by industrial use, by creating scarcity on the consumer side you will inherently push up the price across the board as companies will start to buy up and store whatever they can find
4) they can’t just go “mine more” it takes years (sometimes decades) of exploration and logistical planning before the first hole is ever dug out for a silver mine. Combine the fact that silver prices have been in the toilet since 2013 most majors haven’t had excess capital for R&D to explore potential sites
5) spare me the MSM bull crap, commodity prices and mining stocks were up big time Wednesday through Friday last week and I didn’t hear a single word about it, all I heard about was GME. Economists have written books about the silver squeeze before I was born, this is the OG squeeze play but for some reason you are so threatened by it because you think it steals the spotlight
re: AG/SLVPosted by NYNolaguy1 on 2/1/21 at 11:41 am to rocket31
quote:
thats a whole other topic
Is it?
I am just curious how you know the market cap when you claim the physical quantity is unknown.
re: AG/SLVPosted by rocket31 on 2/1/21 at 11:46 am to FredsGotSlacks
there is no squeeze or "OG squeeze" - what did i just read, how can you squeeze something that can be mined into more
money managers have been highly invested into silver since 2019
it will dump under $20 once retail has accumulated enough of it and ill buy closer to $15 when the hedge funds start accumulating again
money managers have been highly invested into silver since 2019
it will dump under $20 once retail has accumulated enough of it and ill buy closer to $15 when the hedge funds start accumulating again
re: AG/SLVPosted by rocket31 on 2/1/21 at 11:47 am to NYNolaguy1
quote:
I am just curious how you know the market cap when you claim the physical quantity is unknown
i dont know the exact market cap, no one does, that is why i said trillion dollar + (its an estimate)
edit: im currently batting 100% on my posts that get downvoted into oblivion...so keep it coming
This post was edited on 2/1 at 11:54 am
re: AG/SLVPosted by NYNolaguy1 on 2/1/21 at 11:56 am to rocket31
quote:
there will never be a short squeeze with silver because its a trillion-dollar + market cap
on top of that, if banks ever did become concerned about a "silver short squeeze" they would literally just mine more of it, as would cost less than bankruptcy
quote:
I dont know the exact market cap, no one does, that is why i said trillion dollar + (its an estimate)
It's an estimate based off of paper notes sold by a bank who just plead guilty to silver spoofing. Why would they have a reason to lie?
LINK
quote:
Washington, D.C. — The Commodity Futures Trading Commission today issued an order filing and settling charges against JPMorgan Chase & Company (JPMC & Co.) and its subsidiaries, JPMorgan Chase Bank, N.A., and J.P. Morgan Securities LLC (JPMS) (collectively, JPM), for manipulative and deceptive conduct and spoofing that spanned at least eight years and involved hundreds of thousands of spoof orders in precious metals and U.S. Treasury futures contracts on the Commodity Exchange, Inc., the New York Mercantile Exchange, and the Chicago Board of Trade. This case is brought in connection with the Division of Enforcement’s Spoofing Task Force.
The order finds that JPM’s illegal trading significantly benefited JPM and harmed other market participants. JPM is required to pay a total of $920.2 million—the largest amount of monetary relief ever imposed by the CFTC—including the highest restitution ($311,737,008), disgorgement ($172,034,790), and civil monetary penalty ($436,431,811) amounts in any spoofing case.
“Spoofing is illegal—pure and simple,” said CFTC Chairman Heath P. Tarbert. “This record-setting enforcement action demonstrates the CFTC’s commitment to being tough on those who intentionally break our rules, no matter who they are. Attempts to manipulate our markets won’t be tolerated. The CFTC will take all steps necessary to investigate and prosecute illegal activities that could ultimately undermine the integrity of the American free enterprise system.”
WSB can try all they want to downplay this, but there's a legit separation between how much paper metal has been sold vs what is available.
re: AG/SLVPosted by 03GeeTee on 2/1/21 at 11:59 am to ToldYouSo1
Bought AG 30 mins before the market closed Friday. Sold at opening this morning for a quick 30% profit.
re: AG/SLVPosted by rocket31 on 2/1/21 at 12:02 pm to NYNolaguy1
yea, clearly there is a fraud across the silver market - but that gives me even further caution of wanting to buy into it.
and i dont really care what WSB is saying about it, im not loyal to everything that comes out of the sub...i fade MSM and CNBC and silver has been the trendy pick of the day
when they are telling you that its cool to buy something, its most likely not
and i dont really care what WSB is saying about it, im not loyal to everything that comes out of the sub...i fade MSM and CNBC and silver has been the trendy pick of the day
when they are telling you that its cool to buy something, its most likely not
This post was edited on 2/1 at 12:04 pm
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