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Look at the 1 year chart here:
https://www.bullionvault.com/silver-price-chart.do
Since the middle of April we are in a 26-32 channel.
Remember that the banks are the largest holders of precious metals. Any red they see from contracts they can make up in metal appreciation. Maybe they are making up losses from silver contracts with gold.
Look at these 20 year charts:
https://www.bullionvault.com/silver-price-chart.do
https://www.bullionvault.com/gold-price-chart.do
What a MASSIVE difference! The metal salesmen preach that silver is like gold but on steroids. They say that silver moves way easier, faster, and higher than gold. They say that silver is the leader of the 2 metals.
Now in an ordinary free market my guess is that they are correct. However they know the markets are manipulated and they simply use this as a sales tactic. Because if you look at the charts you can see that gold is appreciating and silver is sideways. Why?
But I sure am happy to see silver at the 32 level. however as I type they have smashed silver by 50 cents. It was as high as 32.71 and they smashed it down to 31.90.
But any appreciation in the price of silver I am thankful for.
No regulators left in the USA
They are all bought and paid for
Alwaysred,
"SLV and GLD is the manipulation tool.
I expect the price of silver and gold to stay low until those contracts are filled. It's still over 100 mil that the banks have to deal with. And the banks despise the color red."
Looks like they are filling contracts at this current price ranges, so this is the "low" ? Do you think they are taking some RED by filling at these Prices ?
What exactly did you call?
Here they come. And it is early this time. I knew it was coming but I didn't think it would be so soon after I called it:
8/31/24:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175016632
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175113513
I think we move up from here. Imagine what the price of silver would have been yesterday if they didn't use so many digits to control the price:
https://www.cmegroup.com/markets/metals/precious/silver.volume.html
Here they come.........
AlwaysRed,
There are still contracts and this month closing fast, will there be a push down ?
https://www.cmegroup.com/markets/metals/precious/silver.volume.html
Good video, Count!
Watching this right now. The first 10 minutes touches on your point on 5 times stronger than gold today!
One can't help but think that the forces that have kept silver down all these years in relation to gold are starting to lose their grip on things. We can only hope. And yes. Holding the actual asset in some form or another is a good thing.
Silver close to joining the warning chorus...Silver rising 5x stronger than gold today...
Got eagles? Got silver dimes?
You’re probably correct.
Physical never went to 12. Worthless papers going to zero anyway.
They've been saying they are going to shut down bank accounts for decades.
Fear mongering. A metal sales tactic
I'd rather fight evil than join it, better wake up folks!
I know someone that has been correct for decades and he is right here on this board.
The metal salesmen videos will be coming in a real heavy dose very soon.
Watch the first 11 seconds of this video, not 11 minutes, 11 seconds...........then you'll see why you should be paying attention to what he says!
Things have been spinning out of control for decades haven't they?
I am very careful about how much I buy prior to the end of a delivery month.
But it looks like we are heading up.
If it runs to 35 you watch this board come alive. LOL. They will be coming. Then the next thing you know we'll be back between 26 and 28 again towards the end of Nov.
Many many metal salesmen videos are coming soon.
No independent thought
No critical thinking
No comprehension of how the system works
Just parroting.
https://dictionary.cambridge.org/dictionary/english/parroting
India took delivery of 47 mil oz
Alwaysred,
102 contracts left for month, do you think a pull back before month's end ?
https://www.cmegroup.com/markets/metals/precious/silver.volume.html
Silver Use in India Solar Projects Is Skyrocketing https://www.moneymetals.com/news/2024/01/26/silver-use-in-india-solar-projects-is-skyrocketing-002955 $SLV
Gold price to surge to $10k under Harris administration - Peter Schiff $SLV
Read my posts and you'll have all your questions answered.
How come silver is not following gold and making all time highs?
The Silver Institute expects silver demanded by 5G to more than double, from its current ~7.5 million ounces, to around 16Moz by 2025 and as much as 23Moz by 2030, which would represent a 206% increase from current levels. $SLV
I agree w/ you. All good points. I too believe in having physical silver and gold at all times...now more than ever.
I especially like the junior miners.
I have often thought about picking up some mining shares. And then I see some of the podcasters talk about when this whole thing blows up ( riggers gone ) and metals reach their true value, all the countries with precious metals will probably nationalize their mines! Makes sense to me. They will keep their assets in their own country. Which to me says you better have your silver in hand before that takes place because silver will be reserved for industry.
Mexico, which is the number one producer of silver is already talking about keeping their silver in Mexico
On the other hand, if silver and gold is allowed to be traded on the open market, lots of money could be made in mining shares.
Good luck whatever you decide to do! Myself, I'll stick with physical in hand when this blows up!
Count
Do you have any evidence that there is going to be a peak in silver production? Do you know that there is an explosion in demand?
Can you provide any evidence from anywhere other than metal salesmen?
Isn't the price of silver manipulated?
Where are you getting your propaganda....I mean statistics?
Silver: The Unsung Hero Of The New Economy
https://www.zerohedge.com/commodities/silver-unsung-hero-new-economy
Silver will be considered the best trade of this generation. Silver production peaks in the next few years while demand explodes via new technologies. It's a simple equation of demand eclipsing supply.
Bear in mind however, that commodities will likely take a moderate hit in the coming recession. There will likely be great opportunities for significant investment positions in the coming months.
I especially like the junior miners.
"There’s no shame in being wrong about anything and it’s understandable why so many people have such high hopes about BRICS, but it’s better to be aware of the facts and temper expectations than to be unaware of them and inevitably become deeply disappointed once reality hits. "
https://www.zerohedge.com/geopolitical/russia-chinas-us-provoked-payment-problems-caught-most-brics-enthusiasts-surprise
"The metrics are familiar yet compelling enough to repeat. The greenback comprises just under 60 percent of global currency reserves, according to the IMF. That is down from about 70 percent in 2000, but still well above any competitor. The euro is next, with about 20 percent, followed by the yen and the British pound. The yuan has 2.6 percent of the total. In terms of trading, the US dollar appears almost untouchable, accounting for one side of 88 percent of all transactions in the US$7.5 trillion-a-day foreign exchange market."
https://www.taipeitimes.com/News/editorials/archives/2023/08/25/2003805243
https://finance.yahoo.com/news/us-dollars-dominance-secure-brics-090821646.html
"While efforts to move away from the dollar have, in some sectors, gained traction, the rhetoric around de-dollarization is, in many ways, more about performative politics than serious policy. To make the yuan more attractive, Beijing could loosen its capital controls or move away from a surveillance state model, but it shows little signs of doing so. The European Union could boost the euro if it were to create the kinds of capital markets that drive the U.S. financial system, but it hasn’t. These moves would be beneficial to Chinese citizens and Europeans alike. But for now, the dollar remains the most trusted, and in many ways most efficient, currency for not only the United States but most of the world. And while BRICS may have the desire to build a new international financial system, the global economy that has allowed the emerging markets to emerge over the last 25 years was built on the dollar."
https://foreignpolicy.com/2024/06/10/brics-currency-dollar-yuan-united-states-economy/
Funny how the metal salesmen say Brics Brics Brics.....And what is their solution? Buy metal!
I can't even imagine an event that would destroy that means of control.
Enter Brics..............These countries are so sick and tired of the US controlling commodities pricing not to mention the sanctions.
You have to believe that there have been a whole host of things taking place since at least 2016 and I'm a firm believer.
We'll find out soon enough.............Brics has their big meeting in Russia on Oct 22nd I believe.
At any rate, silver will soar eventually...........once they run through their slush fund of silver they've been digging into.
Count
I shared it to reiterate that again not all is that it seems. Not only do the bankers own all the debt based currencies, but they also created, own and control all the cryptos. And they use them to help the dollar.
If there is any new system put into place, it will be them that control it. Russia, China, USA Israel, Iran, Japan, etc. All of the countries are all controlled by the same bankers and systems.
If crypto is being used to supplement the dollar in the background. It is the bankers that are controlling it.
And they mention it is the ETF's that control the prices, just like SLV and GLD.
They can control the price of BTC just like they do gold and silver with SLV and GLD. They can use crypto/Bitcoin to hide dollar inflation, and ditch dollars. Then control the price of BTC with the ETF.
Using the BTC ETF they can put the price of BTC wherever they want it. Just like silver and gold with SLV and GLD.
Since the creation of GLD and SLV the bankers have had no fear of the price of silver and gold. Their supposed to be competition to the dollar, but they are so easily controlled. Biz knows it, he just wont say it. Because he is so invested in silver. He is indeed a metal salesman. His subscribers will tell you so. And he has a paid subscription. How many paid subscribers will he have left if he admits that the bankers have total control and there is nothing anybody can do about it? His lively hood depends on the charade.
Silver, gold and now Bitcoin are under total control. There are endless digits. There are more digits than physical. I can't even imagine an event that would destroy that means of control.
I enjoyed the video. Have to admit I know very little about bitcoin. Interesting some of the connections being made. We'll have to see how it all plays out I guess.
Bottom line.............anything the gov has a hand in is going to turn to shit.
I'm a huge private rights guy as I would assume a large segment of the populace is as well . Going to be a hard sell to get everybody on board with cbdc.
I suppose they could try and force it on all of us. I'm old enough I probably won't have to worry about it but I do worry about my kids / grandkids.
Count
This guy is from the UK
Time to wake up folks!
This is a very informative video on Brics
The post that I just made PROVES that Bix is WRONG! He says that the Dow, oil, interest rates, etc don't effect the price of silver. Um.....WRONG BIX!
Look at the charts.
The price of silver will ever only be where they allow it.
LOL!
https://www.bullionvault.com/silver-price-chart.do
https://www.marketwatch.com/investing/index/dxy?mod=home-page
https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx&mod=home-page
https://www.marketwatch.com/investing/index/djia?mod=home-page
https://www.marketwatch.com/investing/future/cl.1
ISM Services PMI rises to 51.5% $SLV
Nice watching.
703X5000=3,515,000 ounces X 29 = $101,935,000 still to deliver during the month of Sept.
Remember that last delivery month at the end of the month they smashed the price down to fill the last of the deliveries. The end of July they got it down sub 28 to 27.50 - 27.75.
The beginning of Aug crash in the price of SLV was due to the market crash.
Look at the 3 month chart here:
https://www.marketwatch.com/investing/index/djia?mod=home-page
1Qtr chart here:
https://www.bullionvault.com/silver-price-chart.do
The reason that the 2 dollar smash happened Aug 4th happened partly because people were pulling their money out of the market and piling into SLV and GLD to "hedge" However when you buy SLV and GLD you are creating SLV and GLD. The more GLD and SLV there is the less value it has. The price whet down. Just like COVID when the price of SLV when down to 12. LOL 12! How can that be if the metals are a hedge against uncertainty. I'm teaching people why. And have been for years.
SLV and GLD is the manipulation tool.
I expect the price of silver and gold to stay low until those contracts are filled. It's still over 100 mil that the banks have to deal with. And the banks despise the color red.
Now remember the metal salesmen are going to start to get loud again. Its coming over the next few months. They do it every cycle. They get people to fall for their tricks. And believe me, the lemmings will be on the board full force. "this is it" they'll say. "This is the time" "Its crashing" "The whole system is dying" "Buy your silver now before its too late" "50 dollar silver" on and on and on.
So here it is. Look at this historical deliver chart:
Delivery months are as follows:
March
May
July
Sept
Dec
The metal salesmen always parrot that between Oct and March it is the best time for the silver price. And it is. And here is why. There are 3 months in between delivery months instead of 2. If the banks don't need to deliver for 3 months, they can allow the price to rise higher before smashing again before deliveries.
The metal salesmen make it seem like the sky is falling and that the system is collapsing. They stir up interest and demand. The price of silver may even go to 35. People will be excited. They'll be on the board posting like crazy. They'll be showing all their evidence and metal salesmen videos. And then when Dec delivery month gets here..........The price goes down faster than my ex wife on a first date. And the biggest rise is usually between the Dec and March delivery months.
But they'll be on here telling me I'm and idiot and I have no idea what I'm taking about as usual.
If you really look at that delivery chart you can see that since 2020 the average DEMAND for silver delivery has gone down. And so has the open interest. Once again supporting the fact that silver demand is LOW. Contradicting once again the metal salesmen's beliefs.
Facts trump propaganda and disinformation.
AlwaysRed,
"4553 contracts to fill by the end of Sept.
I am not sure how much of that is physical or paper and I do not know how much more will be moved to Dec as the demand for silver is so low."
https://www.cmegroup.com/markets/metals/precious/silver.volume.html
It looks like they did deliver a bunch yesterday. 3830 of them(19.15 million ounces !) and now left with 703. Now this drop in price on Friday was for that I suppose, does that significant drop mean the Bottom of the range is looking better since it looks like a bunch got delivered in the mid/upper $28 range I assume from the drop need yesterday ? Is 703 a lot left to deliver and what price might be need to get those filled ? Let's wait to see.
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