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The proof is also in the efforts made to divert people from entering this stock IMHO
"Just trying to offset the idiotic, ridiculous pps projections from the pumpers."
"If you're dumb enough to believe IHUB has any impact on the share price [...]"
Sounds pretty contradictory to me.
But you know the term 'naked short' like anyone, right?
When you least expect it!
Shorters, namely.
Should fill the gap @ $91,70 while it still can then.
Break $126 is off to the races
Nice PM volume over 1.8M
Talking to yourself might be a sign of mental illness, you now?
"government would probably bail out any companies with large losses".
That would be a great carte blanche for hedge funds to go as much short as they like/can, being bailed out no matter how deep they (illegally) bury their asses.
Sure positive to see volume holding up.
Near future could bring some excitement to $DIAAF
It's expected over at WSB that the GME squeeze will take further shape today end goes from there. Most, if not all, non-GME messages are deleted, and a possible ban.
But, as soon as GME is finished, I will put up a post there!
I did a search on EDGAR, nothing so far.
True, maybe I should mobilize the WSB flash mob
Would be amazing to see this go for a run, finally.
Ja, da's wel ff tijd!
Laat maar vliegen.
* Yes, about time.
Let her fly.
Coming back to life, perhaps?
$GME
https://tradesmithdaily.com/investing-strategies/the-drop-in-gamestop-short-interest-could-be-real-or-deceptive-market-manipulation/
[...] the gist is that hedge funds can use tricks to make it look like they’ve covered their shorts — even if they haven’t truly covered, and can’t, for lack of available float — by way of exploiting loopholes that exist due to an interplay of reporting rule delays, market maker naked shorting exceptions, and legal practices of synthetic share creation (new longs and shorts made from thin air) relating to market-making.
Halted again, after just 1 minute LOL
Resumed with a BANG
Halted
Just checked sellers in the Netherlands.
Cheapest Silver Eagle I can find goes for €39,70 which is $47,50.
Most sellers have sold-out, however.
It's nowhere near the $26 paper price they want us to believe in.
btw, that's minus shipping costs.
Here you go again making the same mistake.
Toilet paper is made from recycled paper or trees/fibers.
Physical silver needs to be mined, and this week, Hedgies threw 2 years worth of annual silver mining into the markets.
Where's the comparison?
btw Do these Masters, as you like to call them, have unlimited supply of physical, or unlimited paper-supply? Just asking
$25 for paper, that is?
Cool, but keep the paper, we want physical.
Yes, but there's a ceiling to how much can be absorbed by the markets.
Foreign dollar accumulation is there because people don't trust their own country's currency. For now they prefer $ over that.
But didn't you learn at school that when demand fails, the supply gets worthless, FAST.
The squeeze will take lots of time. So have patience, please.
First the markets must be mostly depleted of physical, then the Comex needs to deliver. Keep that going and first sign is paper will detach from physical. From there we go.
Ahhh, dang, I forgot.... The Narrative, you keep pushing.
It's a dangerous game they play here.
Once the $ destabilizes, won't all those holding US debt Dollars be dumping $$'s like there's no tomorrow?
China has truckloads, waiting to be unloaded at some point in time.
"We are a long way from any sort of collapse."
Are we really?
What fear are you talking about?
Better have The Great Collapse now, as the debt will only grow bigger, fast.
"The world is living in this Ponzi scheme."
Better hedge against that by buying more silver.
Oh wait, that's never going to get any value, you say.
Well, never mind then
I'd say the proof is in the amount of silver they sold at least 200 times over, and perhaps as much as 500x.
Borrowed 'into' existence by whom? The FED?
No. It's created into existence.
And it's about $27,871,500,000,000 here, as we speak.
Backed by nothing but more debt.
"They have complete control of the metal markets. The sooner people realize that the sooner they can use their money to profit somewhere else. Instead of watching their investment go sideways for another 20 years."
This being "The Narrative", right?
As a self-proclaimed specialist in the monetary history, you better be truthful on how the $ is lend into existence.
The FED is lending it to the government, creating money out of thin air.
And for every dollar they create, it is distributed with debt attached to it. So for every $ borrowed, the government (i.e. you, the tax payer) pays back with interest.
It's a vicious circle that, once broken, be it because the people see a debt-pile that's hanging over the markets or what, collapses the criminal system.
IMO It looks like 'they' sold you the narrative, and you now trying your best to sell it to anyone as being truth.
FUD.
Yes, and I reckon they are worth more now then when you bought those.
So sell now, to buy back later for a huge profit. No?
Physical silver stock will be a bit harder to refill then the toilet-paper you're comparing it to. IMHO of course.
If you're so convinced of the story you're trying to sell here, why not sell your silver stack now, for the premium over spot, just to buy back later at a much lower price?
Starting with your doorstop, perhaps.
Looks like SPCE is ready to break out.
Yeah, but the real point, and problem, is the pushing of the line of thinking 'People should understand that the metals will never move up'.
They somehow, one way or the other, need that in their system, so they will never ever even want to look at PM's. Let alone try and conquer the markets back.
Well, time is here.
Retards and silverbacks are about to take back what they stole from us long ago.
https://seekingalpha.com/article/4402741-usgs-2021-report-silver-reserves-and-production-declining
Summary
- USGS reports decrease in silver production and reserves.
- Silver reserves and silver production decreased in Peru and Poland.
- Primary silver production is declining rapidly.
- Most of the silver is produced as by-product from copper and zinc/lead.
Each year, the U.S. Geological Survey publishes a report on world mine production and reserves. As precious metals investors, we are especially interested in the silver segment of this report which gives us extremely valuable information on the supply side of the silver market.
The silver price has risen 50% since last year ever since the Federal Reserve kept interest rates at 0% while increasing its balance sheet by 75%. It is expected that another $4.5 trillion of stimulus will be unleashed over the next few years, so that should boost silver investment demand. On top of that, the recent buying frenzy from the Wallstreetbets community has pushed the amount of ounces in the iShares Silver Trust ETF (NYSEARCA:SLV) to a record high. On the other side, the new trend of electrification (electric vehicles, 5G, solar panels, green energy) will add to fabrication demand. When we look at the supply side of the silver market, we observe that most of the silver supply is produced as a by-product from base metal mining. This is a new trend that has started a few years ago as primary silver production declined while base metal by-product silver production increased. 32.1% of silver production comes as a by-product of zinc and lead mine supply, while 22.8% comes as a by-product of copper production. Thus, 54.9% of global silver production is a result of copper, zinc and lead production.
Statista reported that silver coming from primary silver miners decreased significantly in 2019 and this trend is going to continue going forward. Primary silver miners have enormous problems with declining ore grades and this is starting to show up in the numbers. Also very important to note is that declining primary silver supply only has a minimal effect on the silver price, because most of the supply is coming from base metal by-product (54.9%).
We are seeing a recovery in demand for base metals this year due to the reopening of the economy. For example, copper has risen 75% from its low in 2020 when it took a big hit after the announcement of the coronavirus outbreak in China. Due to lockdowns, the Chinese tourism sector has completely collapsed and this has led to a massive trade surplus for China as the services trade deficit has disappeared. All of this extra saved money was used to invest in commodities like copper, nickel, silver, gold, iron ore, and oil.
Although demand for base metals is improving, I don't expect that supply for base metals will be rising that fast because it is very difficult to bring these mines into production as these are very large projects. The grades of these mines is also decreasing going forward. For example, copper supply (and silver by-product supply) is most likely to grow slowly in the coming years (see figure below of Wood Mackenzie). As a result, silver by-product supply coming from copper mines won't be increasing as much.
Silver by-product supply from lead and zinc mines is rising while silver by-product supply from gold is forecasted to decline. According to Barrick Gold's PDAC 2020 presentation, gold supply (and silver by-product supply) will decrease over the coming years.
The 2021 USGS report shows that silver production and silver reserves have peaked (see charts below from USGS). Mexico and Peru are still the two largest silver producers in the world and Peru is the leader in silver reserves. However, Peru's silver reserves declined from 120,000 to 91,000 tonnes. Also notable is that Poland's reserves declined from 100,000 to 70,000 tonnes. Total silver reserves declined 14% to 503,000 tonnes. It looked like 2014 was the year of peak silver production. Total silver production declined from 26,500 tonnes/year (2019) to 25,000 tonnes/year (2020). When we extrapolate the charts we can estimate that silver will be depleted in about 20 years if not sooner as the average mine life of a silver mine is currently only 10 years.
Let's take a closer look at the 3 largest silver producers: Peru, Mexico and China.
During 2020, we saw that Peru's silver reserves have declined 25% year over year to 91,000 tonnes. On the production side, Peru has been doing well since 2013 with base metal mine production rising 30% from 2013 to 2017, but since 2019 we saw mining production decline again (see chart below from Statista). Peru's silver production decreased 12% year over year to 3,400 tonnes per year in 2020. The outlook for copper production is positive. According to the ministry, next year the mining sector will experience an expansion of up to 15.1% thanks to the normalization of activities and production startup at more copper projects.
Now let's take a look at Mexico. Silver production declined 5% year over year to 5,600 tonnes per year in 2020. The chart below from Trading Economics shows how Mexico's overall mining production improved in 2020 but is still down year over year. Silver reserves were unchanged at 37,000 tonnes.
The third largest producer of silver is China and we have seen a nice comeback in 2018-2019. Silver production in China comes primarily from by-product of lead and zinc (95%), so we need to take a closer look at base metal mining. Mining production in China increased 5 percent in December of 2020 over the same month in the previous year (see chart below from Trading Economics). However, silver production for 2020 was down 7% year over year to 3200 tonnes per year. Silver reserves were unchanged at 41,000 tonnes.
Looking at these numbers, base metal mining has been doing very well despite lockdowns and a good amount of silver is coming from there as a by-product. Nevertheless, it is a fact that silver reserves and grades are coming down. The decrease in primary silver production is evidence of that. The current trend is pointing to declining silver reserves and silver production and this should be encouraging for the silver price going forward.
https://seekingalpha.com/article/4402741-usgs-2021-report-silver-reserves-and-production-declining
Summary
- USGS reports decrease in silver production and reserves.
- Silver reserves and silver production decreased in Peru and Poland.
- Primary silver production is declining rapidly.
- Most of the silver is produced as by-product from copper and zinc/lead.
Each year, the U.S. Geological Survey publishes a report on world mine production and reserves. As precious metals investors, we are especially interested in the silver segment of this report which gives us extremely valuable information on the supply side of the silver market.
The silver price has risen 50% since last year ever since the Federal Reserve kept interest rates at 0% while increasing its balance sheet by 75%. It is expected that another $4.5 trillion of stimulus will be unleashed over the next few years, so that should boost silver investment demand. On top of that, the recent buying frenzy from the Wallstreetbets community has pushed the amount of ounces in the iShares Silver Trust ETF (NYSEARCA:SLV) to a record high. On the other side, the new trend of electrification (electric vehicles, 5G, solar panels, green energy) will add to fabrication demand. When we look at the supply side of the silver market, we observe that most of the silver supply is produced as a by-product from base metal mining. This is a new trend that has started a few years ago as primary silver production declined while base metal by-product silver production increased. 32.1% of silver production comes as a by-product of zinc and lead mine supply, while 22.8% comes as a by-product of copper production. Thus, 54.9% of global silver production is a result of copper, zinc and lead production.
Statista reported that silver coming from primary silver miners decreased significantly in 2019 and this trend is going to continue going forward. Primary silver miners have enormous problems with declining ore grades and this is starting to show up in the numbers. Also very important to note is that declining primary silver supply only has a minimal effect on the silver price, because most of the supply is coming from base metal by-product (54.9%).
We are seeing a recovery in demand for base metals this year due to the reopening of the economy. For example, copper has risen 75% from its low in 2020 when it took a big hit after the announcement of the coronavirus outbreak in China. Due to lockdowns, the Chinese tourism sector has completely collapsed and this has led to a massive trade surplus for China as the services trade deficit has disappeared. All of this extra saved money was used to invest in commodities like copper, nickel, silver, gold, iron ore, and oil.
Although demand for base metals is improving, I don't expect that supply for base metals will be rising that fast because it is very difficult to bring these mines into production as these are very large projects. The grades of these mines is also decreasing going forward. For example, copper supply (and silver by-product supply) is most likely to grow slowly in the coming years (see figure below of Wood Mackenzie). As a result, silver by-product supply coming from copper mines won't be increasing as much.
Silver by-product supply from lead and zinc mines is rising while silver by-product supply from gold is forecasted to decline. According to Barrick Gold's PDAC 2020 presentation, gold supply (and silver by-product supply) will decrease over the coming years.
The 2021 USGS report shows that silver production and silver reserves have peaked (see charts below from USGS). Mexico and Peru are still the two largest silver producers in the world and Peru is the leader in silver reserves. However, Peru's silver reserves declined from 120,000 to 91,000 tonnes. Also notable is that Poland's reserves declined from 100,000 to 70,000 tonnes. Total silver reserves declined 14% to 503,000 tonnes. It looked like 2014 was the year of peak silver production. Total silver production declined from 26,500 tonnes/year (2019) to 25,000 tonnes/year (2020). When we extrapolate the charts we can estimate that silver will be depleted in about 20 years if not sooner as the average mine life of a silver mine is currently only 10 years.
Let's take a closer look at the 3 largest silver producers: Peru, Mexico and China.
During 2020, we saw that Peru's silver reserves have declined 25% year over year to 91,000 tonnes. On the production side, Peru has been doing well since 2013 with base metal mine production rising 30% from 2013 to 2017, but since 2019 we saw mining production decline again (see chart below from Statista). Peru's silver production decreased 12% year over year to 3,400 tonnes per year in 2020. The outlook for copper production is positive. According to the ministry, next year the mining sector will experience an expansion of up to 15.1% thanks to the normalization of activities and production startup at more copper projects.
Now let's take a look at Mexico. Silver production declined 5% year over year to 5,600 tonnes per year in 2020. The chart below from Trading Economics shows how Mexico's overall mining production improved in 2020 but is still down year over year. Silver reserves were unchanged at 37,000 tonnes.
The third largest producer of silver is China and we have seen a nice comeback in 2018-2019. Silver production in China comes primarily from by-product of lead and zinc (95%), so we need to take a closer look at base metal mining. Mining production in China increased 5 percent in December of 2020 over the same month in the previous year (see chart below from Trading Economics). However, silver production for 2020 was down 7% year over year to 3200 tonnes per year. Silver reserves were unchanged at 41,000 tonnes.
Looking at these numbers, base metal mining has been doing very well despite lockdowns and a good amount of silver is coming from there as a by-product. Nevertheless, it is a fact that silver reserves and grades are coming down. The decrease in primary silver production is evidence of that. The current trend is pointing to declining silver reserves and silver production and this should be encouraging for the silver price going forward.
It's old. Like iron-age old.