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re: This could be something....Look beyond equities, Silver to be the next short squeeze
Posted on 2/16/21 at 8:05 am to rintintin
Posted on 2/16/21 at 8:05 am to rintintin
quote:
So much for that holding until open.
Typical COMEX slam at NY opening/noon London time. It’s amazing they’ve kept the price below $30, I’m almost impressed with how brazen they are about it. I’m just going to keep buying the dips and the cheap silver for as long as I can. I think they are underestimating the resilience of silver investors, they won’t break like the GME guys did.
1
Posted on 2/16/21 at 8:09 am to FredsGotSlacks
yep, ... that was a real smackdown to $26.80.... paper games
Posted on 2/16/21 at 9:40 am to cadillacattack
We will find out if this Internet generation is really interested in the potential of silver as an investment.
Physical silver is not available at a reasonable premium for the individual investor currently and will not be for a month or so. American Eagles at $39 a ounce with silver at $27? just no. When silver crashed to $12 last year, Physical was hard to find in quantity anywhere close to that.
SLV with the Comex and Big Banks can short silver to hell and back with basically no restrictions. Unlike Gamestop, where there was a limited amount of shares that could be realistically shorted.(130%?) The new generation of buyers should avoid SLV. They can count silver on their books that is "in transit" which includes silver ore on the conveyer belt at the mine headed to the crusher...So a crackup boom is unlikely, until real pressure is put on the physical market.
Purchase PSLV or CEF if they want easily traded equities, if the price crashed. Or wait for the next physical dump when these bars purchased at $27 are melted down into newly minted coins become available with reasonable 2-3 dollar premiums and then rinse and repeat 4 times a year. I have my doubts those looking for instant gratification can stick with it for longer than the big banks hold out...
Inflation is here, hyper inflation is coming. Silver is a canary in the coal mine along with those damn 4oz bag of gluten free crackers that cost $6.50 or $26 oz....
Physical silver is not available at a reasonable premium for the individual investor currently and will not be for a month or so. American Eagles at $39 a ounce with silver at $27? just no. When silver crashed to $12 last year, Physical was hard to find in quantity anywhere close to that.
SLV with the Comex and Big Banks can short silver to hell and back with basically no restrictions. Unlike Gamestop, where there was a limited amount of shares that could be realistically shorted.(130%?) The new generation of buyers should avoid SLV. They can count silver on their books that is "in transit" which includes silver ore on the conveyer belt at the mine headed to the crusher...So a crackup boom is unlikely, until real pressure is put on the physical market.
Purchase PSLV or CEF if they want easily traded equities, if the price crashed. Or wait for the next physical dump when these bars purchased at $27 are melted down into newly minted coins become available with reasonable 2-3 dollar premiums and then rinse and repeat 4 times a year. I have my doubts those looking for instant gratification can stick with it for longer than the big banks hold out...
Inflation is here, hyper inflation is coming. Silver is a canary in the coal mine along with those damn 4oz bag of gluten free crackers that cost $6.50 or $26 oz....
Posted on 2/16/21 at 11:19 am to Big Wes
quote:
Inflation is here, hyper inflation is coming.
Indeed, .... and that's the reason for the saying regarding physical,.... "Silver is sometimes for sale, Gold is never for sale."
Once acquired, folks seldom let it go ....
This post was edited on 2/16/21 at 11:20 am
Posted on 2/16/21 at 11:22 am to Big Wes
quote:
We will find out if this Internet generation is really interested in the potential of silver as an investment
tip: theyre not
Posted on 2/16/21 at 11:25 am to Big Wes
quote:
American Eagles at $39 a ounce with silver at $27? just no. When silver crashed to $12 last year, Physical was hard to find in quantity anywhere close to that.
When silver was $12 the premiums were through the roof. The big dealers wouldn’t budge much.
Posted on 2/20/21 at 1:44 pm to rocket31
quote:
tip: theyre not
Silver is heating up again, next week should be fun. PSLV was already pulling silver off the market at an incredible rate and now Eric Sprott announced that he individually bought 3 million shares of PSLV on Thursday which pulls another 1 million ounces off the market. Lots of positive talk on social media today about people buying up $pslv $AG and physical, probably has to do with this post on WSB R/WSB new silver post
Posted on 3/1/21 at 9:35 pm to FredsGotSlacks
Precious metal investors .... look out below !
Gold just crossed below $1720 on the HK exchange .... a critical support level. If it closes tomorrow below $1720 on the NYMEX, ... the next level of support is all the way down at $1370 ..... make certain you are current on your DD, and good luck
Gold just crossed below $1720 on the HK exchange .... a critical support level. If it closes tomorrow below $1720 on the NYMEX, ... the next level of support is all the way down at $1370 ..... make certain you are current on your DD, and good luck
Posted on 3/1/21 at 9:50 pm to cadillacattack
I need a new gold chain
Posted on 3/1/21 at 10:03 pm to cadillacattack
Update on my 500 shares of AG purchased at 18.95, market price at opening on the day brokerages shut down trading on selected stocks.
I sold at 18.95 the day it went to almost 20, and bought ZOM, WKHS, and TSNP w some of those monies.
I still feel that precious metals will do well when the inevitable market collapse occurs, but the lure of a lottery ticket is far greater to me with my speculative funds
I sold at 18.95 the day it went to almost 20, and bought ZOM, WKHS, and TSNP w some of those monies.
I still feel that precious metals will do well when the inevitable market collapse occurs, but the lure of a lottery ticket is far greater to me with my speculative funds
Posted on 3/1/21 at 10:22 pm to wahoocs
GSR is down to 65, ..... nearly half what it was a year ago ... almost time to execute the swaps
Posted on 3/1/21 at 11:13 pm to cadillacattack
quote:
Precious metal investors .... look out below
shocking lol
Posted on 3/1/21 at 11:37 pm to cadillacattack
quote:
Precious metal investors .... look out below !
Gold just crossed below $1720 on the HK exchange .... a critical support level. If it closes tomorrow below $1720 on the NYMEX, ... the next level of support is all the way down at $1370 ..... make certain you are current on your DD, and good luck
Rates are killing gold right now which is dragging silver down. If the fed lets rates go higher I could easily see us testing 1400-1500 gold and 20-24 silver before snapping back quickly.
The fed won’t let rates go higher though, look at today’s charts and you can see they’ve already implemented yield curve control and if what we’ve seen in Europe is an indication of what’s going to happen here we may see negative rates at some point. Combine this with the upcoming massive amount of money-printing and subsequent inflation and you’ve got a disaster brewing but a perfect storm for the PM market.
Silver will be interesting to follow in all of this because of its role as a commercial necessity and also as a monetary hedge. I’m hoping we see gold/silver diverge as silver acts more like the industrial metals and then gets an added boost from gold once it springs back.
Posted on 4/5/21 at 7:04 pm to FredsGotSlacks
Pure Silver Proof Like Round
Contains 1 Troy oz of .999 pure silver.
Quality in proof-like mirror finish
Limited to 10,000 coins worldwide
Obverse includes the icon and banner of Reddit with the text “buy high sell higher “
The reverse features a rocket blasts off and the symbol of Diamond hands along with metal content ,purity, he year ” 2021? and the text “$GME $BB $AMC $NOK $BBBY “
SPECIFICATIONS OF COIN
Metal: 999 Fine Silver
Finish: BU Finish
Diameter: 39 mm
Year of Issue: 2021
Weight: 1 oz
Time to diamond hand these bad boyz! Sold out in a day. I Have 10 total.
Posted on 4/6/21 at 9:38 am to LSUregit
this article does a really good job of explaining what is ocurring in the metals complex, and particularly Silver .... g/l
Also offers a prediction on what might happen with the Reddit boyz and Silver at the end of April .....
https://www.gold-eagle.com/article/preparing-april-surprise
Also offers a prediction on what might happen with the Reddit boyz and Silver at the end of April .....
quote:
While currently still holding above their post 2011 lows, the prices of gold and silver might be reaching the end of the near 10-year volatile bear market.
The odds are that a new bull market is now waiting in the wings, largely a consequence of the REDDIT Apes and their intended bear squeeze in silver, which has ignited widespread attention on silver, including among despondent long term bulls. The silver Apes have learnt a good deal from the abortive attempt to shake the market at the end of February and they will put that knowledge to use during April, in preparation for the May futures at the end of the month.
Knowing what is likely to await them at the end of April, the logical course of action for the Cabal is to relax all selling and let the prices of gold and silver rise as steeply as possible without triggering an out of control bull market. This is to afford new bulls with the least opportunity to go long of May options or May futures at low prices.
Then they can again attack the market later in April to limit the number of options in the money and profitable futures as much as possible.
The counter strategy for the Apes and friends would be to buy what is on offer on Comex and target the physical metal in retail shops and at PSLV. Then to wait in ambush late in April when the selling commences and Comex silver will be available in volume, with sufficient contracts standing for delivery at the again low prices to clean out the Comex vaults.
If this happens, we could see a repeat of what happened last May/June, but this time with no sudden end the bull market, as had happened last year in August. Speculation and supposition, but well within the realm of the possible. The fight-back could be in full swing soon.
https://www.gold-eagle.com/article/preparing-april-surprise
This post was edited on 4/6/21 at 3:42 pm
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