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Isn't that just the way it is. Sure it's different, but that doesn't mean we're going the see the huge changes like they think. The biggest banks in the world
hold physical and manipulate these contracts. I don't see them willing to loss BILLIONS!!!!! Which is why we've seen the huge smash yesterday!!
Bix Weir is the closest, but he sold out. He sells metal. He knows the game. He just won't admit it. Because he has interests in profits.
You can't trust metal salesmen. If there is a gold ad, or the interviewer directs you to a metal salesman they are controlled one way or another. You have to understand the system and think critically. When profits are involved it becomes complicated. Even the good guys want their profits.
Bix Weir understands how they are using the SLV futures market to control the price of silver. That is the most important thing to learn. NONE of the other metal salesmen talk about that even. That is why I started posting on the SLV board. Because that is the tool they use to control the price of silver. SLV is simply digits. The more SLV there is dumped into the market the lower the price of silver goes. The market does not know the difference. SLV, silver, same thing. The market can't tell the difference. But they have unlimited amounts of SLV they can create. And that is how they control the market. SLV is the answer. And SLV future contracts. Contracts are legally binding.
You don't find many people talking about this because you can't sell metal if people understood how it was controlled. Why stack physical if the price of physical is controlled by digits? You can't teach that or you won't sell metal.
The metal salesman's goal is to sell metal. By any means necessary. And calling the dollar fiat is one of the ways they sell metal. People do NOT understand what the dollar is. But they believe that it is fiat because metal salesmen tell them so. The dollar is 100% backed by treasuries, oil and collateralization.
For those reasons you do not hear about it. One, they can't sell metal if the truth is know. And second, ignorance.
Alwaysred,
Are there any YT poster who agree with your view ? If so, who are they, so I can watch them. TIA
This guy thinks it's different time..
But he been saying for a while...
Never mind can't get it to load.
The video doesn't work......
I was wondering what you thought
Of that Ted Speaks guy ? Is he another silver salesman ?
I thought I seen them all...
But this silver dude has been loading up on my YT as of last month or so....What you think of him ?
I thought I seen them all...
But this silver dude has been loading up on my YT as of last month or so....What you think of him ?
AlwaysRed,
"I am eying 20 dollars for ZSL. I'm happy with that. 13-20"
I hope you are right.
I am eying 20 dollars for ZSL. I'm happy with that. 13-20
And shorting AGQ right now at 35 down to 25:
https://ih.advfn.com/stock-market/AMEX/proshares-ultra-silver-AGQ/chart/real-time
35-25 AGQ
13-20 ZSL
I don't need exact tops or bottoms. I just need the thick juicy middles.
However, you can buy a LOT more shared of ZSL right now than AGQ. So there is a much larger profit there.
AlwaysRed,
If silver goes to say $28 and ZSL is about $13 when silver is $28...then if silver goes down to $22.5 then doing 2X would yield about a little over $18....is this math correct ?
It's kind of what AGQ is experiencing now even though silver is near $28 AGQ has yet to reach it's 52 week high and that was set when silver was barely over $26 about a year ago.
We'll see.
I don't really care about the 10% on either end of the play.
I care about the 80% in the middle ;)
AlwaysRed,
"No matter what, we are closer to the bottom than the top.
Say you buy 5000 shares x 14 dollars = 70,000
The price of ZSL goes to 22 dollars
5000 x 22 + 110,000
40K baby"
Not sure we will see 22 for ZSL, look at the price of ZSL now and calculate what it would be if silver hits about to $23 or $22 dollars....we be lucky to see ZSL get to $20 since silver has risen this high.
So closer to the peaks is important, if silver spikes up another $1 before turning the other way, then I don't think ZSL will get past $19 if silver goes to $23/ounce.
Pack10,
"Still trying to figure out what the CME is telling me? "
Good question, I don't understand it either completely. Like I see this morning 3000 something contacts removed from May, is it demand for it won't be here and it had to me move out for a later date ? Or was it contracts that they used to control the price and it's like a phantom number they just move around to give appearance for some purpose ? How many contracts(ounces) are actually delivered ?
Patience and time, EXACTLY!!! Throw in a bit of timing and you'll do well.
Still trying to figure out what the CME is telling me? This month has been somewhat of a surprise so far. I'm averaging in.
later
No matter what, we are closer to the bottom than the top.
Say you buy 5000 shares x 14 dollars = 70,000
The price of ZSL goes to 22 dollars
5000 x 22 + 110,000
40K baby.
People have no idea how much money can be made playing silver correctly.
It takes patience and time. But you can make really good money in a year if you participate in all the delivery month flips.
you're reading my mind again!! I bought some yesterday, got one buy at 13.91. I think I'll put in another order around that price.
We got 25 days to go. Manipulators are working the market now. As we talked about come May!!
Pack10,
It's tough timing the peaks, I thought $26 was going be about it, now $28 might be possible. Could it be like last year where one final push before drop in May ?
I have plenty of ammo, will be looking for that late push up on silver....trying not to get too much early.
I believe we might have hit a wall so to speak. But, it is only the 4th of April.
time for a carefully place limit order, imo.
What could possibly make the price of silver go up when the price is controlled by SLV futures?
Silver goes up, this should be in single digits
Well you said 60 by year end on 7/25 of this year. So their incorrect prediction is less wrong than your prediction.
My prediction is by mid 24 - 25 the price of silver will be between 22 and 28 dollars per ounce.
You got BB 2050. Who would consider an investment out to 2050?
I take note of your disclaimer!! Good advice
Nothing I say, post, or do should ever be considered financial advice.
$ZSL up then falls down violently
"The price of silver will move to our first bullish target in 2024 which is $34.70. We predict $48 to be hit either by mid-2024 or mid-2025." $ZSL https://investinghaven.com/forecasts/silver-price-forecast-2024/
Solar Energy Production Could Require Most of the Global Silver Reserves by 2050
https://schiffgold.com/key-gold-news/solar-energy-production-could-require-most-of-the-global-silver-reserves-by-2050/ $ZSL
The solar part of this equation is small compared to the EV industry. The Ev part is down. Anyone who wanted an Ev has bought one, the rest
aren't even slightly interested.
The miners are all ramping up product for 2024. this will keep the price of silver low, maybe very low!!
Ron DeSantis fumes about fiat currency 'problems', stops short of backing return to Gold Standard https://ground.news/article/ron-desantis-fumes-about-fiat-currency-problems-stops-short-of-backing-return-to-gold-standard $ZSL
$ZSL Solar Energy Production Could Require Most of the Global Silver Reserves by 2050
https://schiffgold.com/key-gold-news/solar-energy-production-could-require-most-of-the-global-silver-reserves-by-2050/
Here is the chart RSI above 50 past few days just getting started with the move up.
https://www.barchart.com/etfs-funds/quotes/ZSL/technical-chart?plot=CANDLE&volume=total&data=I:5&density=L&pricesOn=1&asPctChange=0&logscale=0&im=5&indicators=BBANDS(20,2);SMA(20);SMA(50);SMA(100);SMA(200);ACCUM;AROONOSC(25);ATR(14);CHKMF(20);STOFA(14,3);MFI(14,100);MACD(12,26,9);RSI(14,100);TRIX(3.3);ADXMOD(14);AROON(25)&sym=ZSL&grid=1&height=210&studyheight=100
Love my metals but hedging now. $17, let's see if I can double or tripple my money in the next few months
Love my silver but watching some charts that predict it going to $15 by march. Doing some hedging and will be buying physcial if it gets there
It has a 81% borrowing rate. Imo will collapse and do another reverse split in the future. History usually repeats itself and silver is technically not going anywhere ever.
Patience is key!!
They got ya by the Bolls!!
Let’s go $ZSL
FUPM!!!!
Next 4-6 months it’s lights out for
Precious metals
This bad boy here will pay me lovely
Let’s go $ZSL
FUPM!!!
ZSL $9.03,based on chart gonna see $23 dollars here,breaking chart this week
The key here is where does zsl bottom next; I'm thinking somewhere in the mid 50s
Out yesterday and back in today,
...On right shoulder of head and shoulders formation of daily chart.
Playing this volatility like a banjo.
Holding SLV as long as USD is rising,
Hoping for June Fed rate increase: +.25%...for turbo boost in USD.
Best laid plans of...M&M...
Buying ZSL TODAY @ $37.80
if it touches that level later today.
SILVER is a top at 15 month high and with USD bottoming here.
Watching it unfold....and ORDER FILLED.
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(notice: Nov, 8th 2010 went below support 'blue' line - close at 13.18) (RS 1:5 => 65.90)
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