re: This could be something....Look beyond equities, Silver to be the next short squeeze

SLV is the real GME keep hodlin kangz. We ridin.

Wallstreetsilver grew from 1000 people on Saturday to over 11,000 now.

That's compared to 6+million on WSB. This is still in its infancy I say.

We need MisterC to come in and tell us where he thinks the price is headed.

Oooff. Understatement.

Gains from yesterday vanished.

It's no secret JP Morgan acted illegally in the silver market. They admitted to it, avoided criminal prosecution, and were forced to pay a fine slightly below $1B.

They have changed their strategy since then, actually before then. They still short, but to drive the delivery price down, and then they take delivery.

Hedgers and institutions need to disclose commodity positions. Commitment of traders report. In arrears.

If one was going to "trade" silver, I'd suggest they copy the most talented criminal financial organization that deals in commodities, which is to say, copy the criminal (and other) actions of JP Morgan. And if one is going to acquire silver, given the 10 year positive return, I would also copy JP Morgan.

Or you could listen to Warren Buffet and avoid all of this. Although he lied about this as well, and buried his shareholder (of which I am one) losses on silver in a footnote an an annual report years ago.

All of this can be verified with empirical data. I own physical silver. I buy physical silver when I think a drop in price warrants it. As an example last time I purchased, I purchased well below $20. I do some conservative trading around it. Conservative means derivatives, not equities. These trades are as close to a hedge as most retail guys can get on commodities. Most retail guys trade, not hedge, and speculate, not invest. Not that if you have a balanced portfolio, speculation shouldn't be some small percentage of that total portfolio, which not only includes securities, but also real estate, commodities, alternative investments, etc

Golfer, you should stick around to help some of us Silver amateurs. You're a very knowledgeable poster here.

In your opinion, does this silver run have any real legs?

Long term silver, at the correct entry point, is probably a prudent move in a conservative growth balanced portfolio. I can't define a specific date, and at this point, I'd struggle to advise anyone what a good entry point is given the present price level and economic environment. So silver is not unlike any other serious investment in these regards. There is really no reason to not have maybe 1%-5% of a balanced portfolio in precious metals if one is a long term conservative investor. I'd maintain that there are a lot of investors that brag about a balanced portfolio, and that balance in some alternate reality menas 100% stock equities. Common sense points out the fallacy in this. Notwithstanding that they will all tell you what their gains have been long term, which is a number that is not only easily skewed, but mostly useless until one actually needs the proceeds to retire on. It's why BRK.A is a great stock, up until maybe 5-10 years before retirement, and then for the vast, vast majority of people, it is a dangerous stock to hold at later stages in life.

Silver has industrial demand. They can't mine enough silver to meet this demand, but the demand is met through other means. It is very subject to price manipulation. But no one can predict if some new technology renders silver useless in industry, just like few could predict Polaroid would be rendered worthless due to the technology revolution.

Will silver make you rich? I started buying at $6 per oz, but I wouldn't say it has skyrocketed, and I should have sold half when it was at $50ish. A mistake I won't repeat. I'd say it is more a matter of hitting bunts, singles and the occasional double. Consistency almost always outperform occasional brilliance for most of us, and certtainly for me.

quote:

---

Iowa Golfer

---

Well, hello. Wondered where you’d been.

Hopefully we see a fight back over $27 this evening.

Anything associated with WSB is getting beat down today something fierce today.

So here's a thought. With all of the retail bullion guys basically out of silver right now, what's to keep them from buying direct from comex at spot and demanding delivery ($26/oz as of now) then turning around and selling at market value to the masses (at $35/oz)? That's a 38% margin. Right now a lot of rounds (not even ASE or others) are selling at $35/oz, then others higher.