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The reason that silver ran in 2011 is because JP Morgan was buying all of the physical off the market it could find to cover their newly acquired short position after they took it over from Bear Sterns.
After they acquired all silver necessary they Smashed the price of silver with paper contracts like this:
https://www.cmegroup.com/trading/metals/precious/silver_quotes_volume_voi.html#tradeDate=20210210
Yesterday it didn't even take 90,000 contracts to SMASH the price of silver:
https://www.bullionvault.com/silver-price-chart.do
They dumped it down into the 26's again yesterday. It is very easy at this moment for them to control the price.
The big banks and corporations will never allow silver to achieve its true value which I believe should be in the 10,000 dollar range. Gold should probably be between 20 and 50K.
I'll keep showing this. There will be plenty that will still be hopeful. But this will continue to be the result.
My Dad always said: "Wish in one hand, shit in the other and see which hand fills up faster."
Lot's of people with hands full of shit over the last 40 years.
If all the physical silver is sold out from all the bullion dealers and it can't be found, why is silver 27 dollars per ounce? And how can demand go any higher than it is now?
The physical silver is still being mined and is still being shipped and allocated to the correct contracted companies. The bullion dealers are last on that list.
Good luck silver investors, You'll need it.
A dime before CE removal is huge. LOL
A very long patience play for me here.
Charts don't matter in a manipulated market.
They have control of the nuke button. No matter what the charts say, with a click of the mouse they can SMASH The price to whatever they want or need.
Now if you are smart you can take these and lay them over the silver chart and see exactly how they correlate to silver price smashes/dips. The higher the futures contracts the larger the price smash:
https://www.cmegroup.com/trading/metals/precious/silver_quotes_volume_voi.html#tradeDate=20210209
Unfortunately you can not go back in the past and look at past numbers. But I screenshot the silver futures monthly. I have kept a pile of these from over the years.
Start keeping them. Look at how the price of silver on the dates of large silver futures contract dumps correlates to price smashes in the silver price charts:
https://www.bullionvault.com/silver-price-chart.do
Here are a few to look at:
Compare to price smashes. The higher the futures contracts the more the dip or restraint in silver price.
They managed to smash the price down with the least amount of contracts since Jan 26th:
https://www.cmegroup.com/trading/metals/precious/silver_quotes_volume_voi.html#tradeDate=20210209
They smashed her down to 27.14 this morning again as well:
https://www.bullionvault.com/silver-price-chart.do
So this squeeze against the largest banks and corporations in the world achieved a run to 30 dollars in the SLV market and then a collapse and loss to all investors via smashes by our favorite criminals.
Unwinnable game here.
I'll keep watching like I have been for over a decade.
Good luck silver investors.......You'll need it..
Absolutely
I agree. IMO the Stochastics and RSI are overbought at this point. I think a correction is in order.
When the charts are running hot a correction is inevitable. It's just a fact.
It's nice to see the stock doing so well, but when you understand the nature of the market you have to accept that charts cooling off is a reality.
Very nice day here.
I need shares, I need shares, I need shares, I need shares.
I think I recognize a theme and pattern there.
This "silver squeeze" at this point is very easy for them to control:
https://www.cmegroup.com/trading/metals/precious/silver_quotes_volume_voi.html#tradeDate=20210208
They used 104,740 futures contracts yesterday to keep the price at bay. That equates to 523,700,000 million ounces of silver. This is a low number for them. They can do this forever with the click of a mouse.
In the near future as deliveries are expected, witness a massive dump of paper contracts to SMASH the price down to the 25 dollar range so they don't lose money on their delivery contracts.
If the banks contracted a huge 25 dollar silver contract a year out and the price of silver is currently at 27 or 29 they have to swallow the difference. So what they do is SMASH the price of silver down with paper futures contracts (Which they have an unlimited supply of) to lower the paper price of silver to fulfill their contracts.
Expect to see that in the near future.
They have complete control of the silver markets. I have been having this same conversation for years and we have always had the same outcome and results.
Ask yourselves, How can we go through a Reddit short squeeze in silver and have all the retail physical gone, all the bullion dealers sold out, and we still be at the silver price we are at right now?
I think it should actually be higher than that. Will they even allow that to happen.
Don't think so.
I think silver should be 10,000 an ounce if not more.
Um, Imagine how much a cell phone would cost.
Did you know that our national debt is our money supply?
Not only is it the dollar supply for the US but the national debt is also the dollar supply for the world.
If the world needs more dollars, the only way they can get them is an increase in our national debt. And they have to be borrowed into existence.
I'd like to do that someday too. He's has been very good to me so far. But I think there is still a long way to go. We are still only in the beginning stages.
I am so thankful to have been in this for 2 years. At the right place and at the right time. I held even when I was very discouraged. And it paid off.
I hope you get to meet him and thank him. Thank him for me too.....
Can you please show me the technical evidence that supports these projections?
I'd like to see exactly by what means you are coming to these conclusions.
Now you can't say that an increase in physical demand by retail is going to drive the prices because the supply to the peasants is gone. Bullion dealers are sold out. So if there are no new sales where does this price rise come from?
So I guess it will have to be in SLV that this increase comes from. So then I ask these questions:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=161617410
Do you think that if there is an increase in the price of SLV that they will use this to control the price increase and SMASH it down?:
https://www.cmegroup.com/trading/metals/precious/silver_quotes_volume_voi.html#tradeDate=20210205
Do you understand what is happening here? Do you get all your info from metal salesmen? Are you simply "hoping" that the price is going up?
Please provide the evidence that supports your narrative. I will continue to show how, when and why they will continue to control the prices of the metals.
Why do you think that the OTC page for SLV looks like this?
https://www.otcmarkets.com/stock/SLV/security
How many OS?
How many AS?
What is the float?
What is the market cap?
Do they dilute? If so how?
Is SLV silver? How is the price of silver dictated? Who controls SLV? Who owns the miners? The mines? Who owns the bullion companies?
How do futures contracts work? Can the price of silver be controlled by futures contracts?
Do silver salesmen have your best interest in hand? What is the main purpose of a metals salesmen?
Does Sony, Hitachi, Solar City pay premiums over spot? Where do they get their silver from? Does it get shipped directly to them or do they buy their silver from the pawn shop down the street from you? Do silver contracts get fulfilled before bullion dealers get their silver shipments?
Do banks and corporations collude to suppress the price of silver? If they do for what reason? Is there more than one reason?
Can the powers that be control the price of silver with the click of a button?
How many hundreds of thousands of dollars do you need to lose to learn these lessons?
LOL.
Watch right here as the value of everybody's investment is smashed:
https://www.cmegroup.com/trading/metals/precious/silver_quotes_volume_voi.html#tradeDate=20210205
They easily have control of the market now. They had a harder time in July/August compared to this "Silver Squeeze" run.:
There is no way they loose control of the metal markets. It's a pipe dream let by metal salesmen.....
Talk about an open and clear level 2. Wow. Clear skies......
Is news out? Does somebody know something? Nice volume today.
About time. Still concerned about the dilution. Dr. Drew disappearing and what happened to that weed play?
Good to see revenues increase. Can't wait to see it in the official numbers.
This run we go to .04 cents. I like it. And easy double from this point. The right news comes out and we go to between .05 and .10
Every metal salesman is the same way.
Their job is to sell metal in any way possible. And some of them are VERY good at what they do. Lynetta Zang, Mike Maloney, etc.
These guys are snake oil salesmen and they prey on the ignorant. I was one of them. Not any more.
Once the toilet paper is back in the stores they will be charging crazy high prices for silver premiums.
Of course all of the contracted silver shipments will go on as planned and they will not get charged exorbitant prices. Business will go on as usual, except for the retail investors, which will be raped!
But I know that there will be a large percent of people that will still slurp the kool aid. Even though these same guys have been saying the very same things for the last 40 years. The very same things. Over and Over. A broken record. Today is always going to be the day.......And they are just rolling in cash as they fleece the public.
It was easy for them to hold down the price down yesterday:
https://www.cmegroup.com/trading/metals/precious/silver_quotes_volume_voi.html#tradeDate=20210204
Back to status quo:
https://goldprice.org/gold-silver-ratio.html
The toilet paper will be back in the stores in no time. Be careful not to pay too much over spot. You'll want to sell and break even someday........Hopefully
You'll have to be patient and wait until the masters resupply the bullion dealers.
Just like you had to wait to get toilet paper.
And then they'll charge you 5 bucks over spot. Have fun with that. But Sony won't pay that.
It's impressive. It'll be at 25 or less today:
https://www.bullionvault.com/silver-price-chart.do
Nice work.
It's easier to fool someone that convince them they've been fooled.
retail supply doesn't mean anything.
Have you ever heard a metal salesman tell you the the national debt is our money supply? And if there was no national debt there would be no money? Have you ever heard them say that the national debt is the supply of dollars for the world?
Why do the metal salesman make the national debt seem like a bad thing? Do they not know that the national debt is our money supply? Do they not know that the demand for dollars outside the US is at an all time high and the only way to fill the demand is by our national debt going up? Do they not know that? Is that why all these smart salesmen that everybody gets all their info from, keeps that info from you? Because they are ignorant?
How is that silver squeeze working out?
https://www.bullionvault.com/silver-price-chart.do
Complete control, always have always will:
https://www.cmegroup.com/trading/metals/precious/silver_quotes_volume_voi.html#tradeDate=20210203
Good luck with your stacking.
Please remember. Never trust a metal salesman.
They only teach you partial truths. The ones that sound good to benefit them.
The national debt is the worlds dollar supply. The dollar is in high demand around the world. The only way they can fill that demand is by borrowing them into existence. That is our national debt. The worlds dollar supply.
Again FFMGF board posts.
How do we know there is a silver shortage? Metal salesmen
How do we know there is a national debt crisis? Metal salesmen
How do we know how much silver there is? Metal salesmen
How do we know there is going to be an economic crisis? Metal salesmen
They only talk about the national debt going up, but they never talk about it being the global dollar supply. They never talk about how in demand dollars are globally. They never tell the truth about why the mint is out of stock each year in eagles. Just that they are out. (Changing dates and getting rid of olf inventory)
The metal salesmen control people reality with partial truths. An believe me, I fell for it. You have to learn how the system works on your own and not just copy and paste metal salesmen articles.
We are far from a collapse. But that is NOT what the metal salesmen will tell you. They want to profit from your fear and ignorance. And they are going to profit a LOT right now. And the people will get fleeced....Again......
Yes. Once Bretton woods ended, because of the federals reserve note Ponzi scheme, Kissinger (A Rothschild agent) decided to peg all dollars to oil. The Petro Dollar:
https://www.investmentwatchblog.com/the-petrodollar-system-and-the-petrodollar-wars-explained/
If all the dollars created stayed inside the US they would cause massive inflation. So the designed a system that would cause demand for the dollar outside the US. This way they could export our dollars. They have used the "dollar" to conquer the world and enslave it.
Please look at my posts on FFMGF this has all been explained.
Funny that there is a MASSIVE demand for dollars globally. The Federal reserve note is in high demand globally. The only wat that they are created is by borrowing them into existence. The national debt is the worlds dollar supply. The reason the national debt exploded after 1971 is because they needed to create more dollars to export them around the world because of the Petro dollar.
Believe me. They have a long way to go before this system fails. The world is demanding dollars more now than ever and the only way they can be distributed is by our national debt going up. That is the supply of global dollars.
There are unlimited digits they can use to keep this system going.
But believe the fear porn. Read my posts on FFMGF. You'll see the EXACT argument was being made a year ago. I shared a video of Doug Casey saying the same things from 1980. Ron Paul too. We are a long way from any sort of collapse.
Don't let the metal salesmen dictate your lives. Don't live in fear. Take off the 7 masks.
Everything is going to be fine. Just like I said a year ago on FFMGF. And I'll be saying the same thing a year from now. And 10 years.
When the first dollar was borrowed into existence and we needed to pay 2 back. Where does the second dollar come from? Only the dollar borrowed exists. How can we pay 2 back when only 1 exists?
1913 the Ponzi scheme started.
You can't have a sound money backing a Ponzi scheme. The federal reserve note Ponzi scheme started in 1913 is why the gold standard was abolished in 1933. It is why Bretton Woods failed. It is why the Petro dollar was created to export our dollars out of the country.
The world is living in this Ponzi scheme.
Now think about this. They always need to create more currency than the year before to keep the system going. What if they used those created federal reserve notes to suppress the price of the metals? They need to create the debt to keep the system going. Why not funnel that into the metal market to keep the metals suppressed? Do you think they are not doing that?
All of this and more is on my posts on FFMGF. Look at my board posted on. Go to FFMGF and read. Learn. Study. You will NOT learn the truth from metal salesmen. Only partial truth. To their benefit.
Prove me wrong bro:
https://www.bullionvault.com/silver-price-chart.do
The proof is in the pudding.
Bitcoin has more value that gold or silver and it isn't even tangible.
Yes. Ponzi scheme. Read my posts on FFMGF.
A poster just mentioned that Biden can't ship dollars out of the country fast enough. The debt has to be created to cover previously borrowed principle and interest. But they can't stay here in the US. We need to export them otherwise there will be massive inflation. That is why Kissinger and Rothschild created the Petro dollar. So other countries would need to use the dollar for oil purchases and we could export our dollars.
But it isn't simply created out of thin air. It is BORROWED into existence. Every dollar is borrowed at interest. And the citizens are collateralized and the land is collateralized.
Nope. That is why I'm holding. I'd say my average is 25. When Bear Sterns crashed and JP Morgan took over their short position. They were buying all the physical they could get their hands on to cover the short position. They drove the price up to around 50 bucks doing so. We'll the metal salesmen said that that was the moment that it was all going to crash and silver was going to its true value of 10,000 dollars. I bought into it along with a large group of us here. We all started buying like crazy. End of the world right?
Once JP Morgan acquired enough metals to be able to support their short position they used more paper future contracts to SMASH the price back down to where they have maintained it since.
My average is too high.
It funny that there are people that believe that metal price suppression is a conspiracy theory. LOL. So inflation has affected everything on earth accept silver in the last 20 years! Yeah right.
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.
I have a lot of door stops.
Pretty much true.
The money comes from the banks. The banks have the Governments under control because they are the ones that control the monetary spigot.
The IMF, International bank of settlements, they are the ones that hold all the cards. Gold and silver are money and everything else is credit. But you are right, they will NEVER let gold and silver find it's true value. And they have had complete control of the metal markets since the 80's.
They control every aspect of the metal industry. From the mines, miners, distribution, allocation, and alas the price.
The dollar is a Ponzi scheme. But if you think that it is backed by nothing you are sadly mistaken. The dollar is debt and it is all borrowed into existence. When you go to a bank and get a loan you are creating FRN's. And your signature is a promise to pay it back when you created it.
When FRN's are created they are borrowed into existence by Governments.
You are being manipulated and fooled by metals salesmen. Trust me. I fell for it too, 10 years ago.
Look at all my posts on the FFMGF board. Read through them. They are from about a year ago but all still relevant still. I am an expert in monetary history. I was debating people just like you(And how I was) and they were saying that silver is going to the moon and that the economy is going to crash. That was a year ago.
I know that Lynette Zang and the other metal salesmen are VERY convincing. But they are snake oil salesmen. You are being tricked. Sorry to say.
There is tons of money to be made in the market, just not the metals markets I'm afraid to say.
Who cares if you can buy it? Seriously. Do you think that YOU buying silver matters if TV's or Phones get made? Do you think it matters to the masters that citizens get silver?
Here is what matters:
https://www.bullionvault.com/silver-price-chart.do
Look. The banks, miners and corporations are in this together. DO NOT listen to metal salesmen.
The miners are still mining as mush silver as they were 3 days ago. The silver is still being delivered to where it is contracted. The bullion dealers are going to get their silver after those that are contracted FIRST ! Sonly and Apple will still get there contracted silver. The banks will get their silver. The mint will get some silver after the industrial use contracts are filled. And then the bullion dealers will get theirs. And believe me, the bullion dealers will FLEECE you for all they can. And you will hear the best videos out there about supply shortages and that you NEED to buy physical now! At only 5 dollars above spot. Who gets that premium? Why are you paying a premium? Does Sony? Apple? The banks? Nope........You will.
Just because the bullion dealers ran out of physical silver doesn't mean shit.
Remember that the toilet paper ran out at the stores? Now look. Filled back up and at the same price. First the stores ran out. (Bob's Pawn shop) then the distribution centers ran out. (The Bullion Dealers) But Proctor and Gamble were still making it, (The miners) They increased the machines and resupplied.
But if you want to believe that tv's and phones are not going to be made because the toilet paper ran out at the store, maybe you should pay 5 bucks over spot.
I may start selling some of my stack on Ebay because people will buy it for 50 an ounce. Jeeze....
The metal masters are having an easy time manipulating the price now after the 2 day rush:
https://www.cmegroup.com/trading/metals/precious/silver_quotes_volume_voi.html#tradeDate=20210203
The manipulation is about back to normal. The people out there that thought that silver was going to squeeze and bought at 30 are now losing their asses. Just like I have for the last 10 years.
Here is where we are at:
https://www.bullionvault.com/silver-price-chart.do
She'll be back down into the 25's in no time.
Sure Bob's Pawn shop on the corner of 2nd and East is out of silver. The bullion dealers are out of silver. But Sony isn't. The banks aren't. And the miners are still supplying them.
Game over.
My guess is .06 or better. She has settled and consolidated nicely. Charts are reset and ready for lift off. This next leg will be fun. Hope it stays down here just a bit longer........
Here is how they responded in July:
Look at that chart and compare to the current chart:
https://www.cmegroup.com/trading/metals/precious/silver_quotes_volume_voi.html#tradeDate=20210202
Learn......
Turd Ferguson is a metal salesman. Never trust a metal salesman. They will NEVER tell you the whole truth.
The point is, he is saying the same things then as they are now. It's the same story. Same with Ron Paul. Same story since the 80's. All the metal salesmen, same story.
What they don't tell you, these salesmen, is that they totally control the price of the metals! That the metals will never move up. It has been rigged since the 80's. Greenspan.
The Rothschilds controlled money before anybody or anything else. That was the first thing he controlled. Then all the energy.
What is the petrodollar and what is it used for? Who created that? Who owns all these big companies? Who owns the miners? who owns the mines? Who controls the flows of currency and money? How do banks, Govts, and corporation collude?
Ah, but the global silver supply is going to be destroyed by a small group of rebels that buy up the scraps that the elite allow them to buy. Then they raise the premiums so they make even more money off the people! They only allow the bullion dealers the silver they don't need. Even the Treasury isn't at the top of the pecking order. They get allocated too.
But it is the people that have to learn and that will take the losses. Not the banks or corporations.
Wow, you jammed through that hour long video quickly.
I take it you didn't get the point. Nice research and deduction.