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Listen to this and tell me what is different about what he is saying here in the 80's and now:
https://vimeo.com/121809013
Learn.........
I used to be you. I learned. The miners collude with the banks and govt. The banks and Govt hold the miners hostage. And there is nothing they can do about it.
The silver will still get mined. The silver will get sent to the proper people. Everything will still get made. The bullion dealers will get their last. The people get their silver from the bullion dealers. The bullion dealers will lie to the people about scarcity to sell silver at a higher premium.
Sony will get its silver. JP Morgan will get its silver. The people will pay a much HIGHER price to get silver because they are at the bottom of the pecking order. Paper SLV contract DO NOT get paid in physical.
They still mine plenty of silver to accommodate solar panels and phones. And they will get the silver first.
Hate to say if. Believe me, this suppression has cost me millions.
That is exactly correct. And they can do that with the click of a mouse. They can dump 10 times the annual production. 100 times. They can dump 100 billion ounces of paper on the market. It is infinite.
I have been hording silver for a very long time. There is nobody in the world that wants silver to go up more than me. But I learned the game.
It will save people huge amounts of money if they learn the game too, otherwise they are going to be holding a lot of 100 oz door stops.
Nope. Just educated.
If there was no silver left. It it was extinct. They could STILL cause the price to be 27 dollars via paper future contracts. They have unlimited digits to manipulate the price of silver.
UNLIMITED!
Paper does not get to demand delivery! SLV pays in federal reserve notes. SLV paper contracts do not get paid in physical!
If I'm wrong, why is the price of silver at 27 dollars?
They have complete control of the metal markets. It's the same story it has been since the 80's.
DO NOT trust metal salesmen to get your info. Physical silver is only being bought up right now by RETAIL. The miners and banks are contracted to sell the physical to their customers. Bullion banks are at the bottom of the pecking order.
They will allow the price if silver to rise just enough to keep their miners in business.
Less than 2 months? I'm fully versed in the history of silver. There is nothing that can be done here. 2 months talk to me. 2 years talk to me.
Trust me, I have more physical than you.
Exactly!
Here is what they used yesterday to continue to SMASH the price of silver:
https://www.cmegroup.com/trading/metals/precious/silver_quotes_volume_voi.html#tradeDate=20210202
Over 1 billion ounces of paper silver futures contracts dumped into the market.
The more of anything there is the less value it has. They are creating silver via paper and the market can't tell the difference.
The only physical supply shortage there is is to the bullion dealers. Sony will still get their silver I'm afraid. There is no shortage. Only to us peasants.
They don't even have to dump physical. All they need to do is dump paper contracts, which they have been doing.
As far as a supply crunch, the miners are still mining and still delivering to their contracted clients. The bullion dealers are the bottom of the pecking order.
People are just not getting it. The silver and gold markets are completely controlled. The only people that are desperate for silver right now are the citizen horders. The international banks and the corporations that surround them will still get their deliveries.
This squeeze idea unfortunately will fail........
Keep watching here:
https://www.cmegroup.com/trading/metals/precious/silver_quotes_volume_voi.html#tradeDate=20210201
Not true. The miners are contracted to sell to them first. Sony doesn't get their silver from Bob's pawn shop on the corner of 6th and Broadway.
They are contracted to receive their silver first, far before bullion dealers. The only people paying premiums right now are the schmucks out there chasing scraps that the bankers were kind enough to leave to the peasants.
Wait until you see how many futures contracts they dumped into the market today to smash the price down:
https://www.cmegroup.com/trading/metals/precious/silver_quotes_volume_voi.html#tradeDate=20210201
2 billion ounces yesterday. How many did they dump today to fleece the public of their hard earned money?
How's that silver squeeze going?:
https://www.bullionvault.com/silver-price-chart.do
Noted
This run drives us to .06 cents.
They have to let the people know to never try this again, but also continue to let their miners be profitable. The masters have to allow the miners to be profitable. The lowly people simply get the left over scraps. And right now the people are dumb enough to pay silly high premiums to get the scraps.
I feel bad for them, but this will be a learning lesson.
Hopium. Never trust a metal salesman. Good luck. Copy and paste articles don't teach you much. Learn and understand how the market works.
There is no physical available for RETAIL. The miners will ship the properly allocated contracted amounts to exactly who they are supposed to. The banks and large industrial users like Sony.
The only shortage is to brokerages and retail. Do you think they care if the people get silver?
As far as the price. Just as I have been saying for days. They control the price via paper contracts. I predicted for the last 2 days that they would use 400,000 futures contracts to smash the price.
Well here you go:
https://www.cmegroup.com/trading/metals/precious/silver_quotes_volume_voi.html#tradeDate=20210201
400,000 contracts were dumped into the SLV market yesterday to SMASH the price of silver. That is 2 billion ounces of paper silver. Simply with the click of a mouse. At 27 dollars per ounce that is 54 billion dollars.
These guys have complete control of the silver market. They control the supply, where it is distributed/allocated, and the price. There is nothing about the silver market that is not controlled.
Now people will maybe start to realize the power they have. Think of the people that bought at 30 thinking there was going to be a "Squeeze" or a run in silver. People are losing their asses. And that is what us stackers have been dealing with for decades.
Do I think that the big banks have all the silver? Not a snowballs chance in hell.
JP Morgan has the biggest horde.
The price is dictated by SLV. SLV can be paid out in FRN's. The paper market has been fractional reserved into oblivion. There is no way they have physical to cover all the paper. No way in hell.
But they don't have to due to the SLV market. They have unlimited digits.
Spot price is dictated by SLV, And the miners are contracted. Believe me, the miners are as involved in this as the banks are.
NEVER TRUST A METAL SALESMAN!!!
Take a look at who own Barrick. Bush family interests?
Remember there, there is physical supply to the people that need it. To the banks and retailers. NOT to bullion supply chains. Not to us people. We don't matter. There will be a trickle affect to the bullion distributors.
It's funny. So on Thurs and Friday they dumped over a billion ounces onto the market each day to smash the price. I think today they will dump 2-2.5 billion ounces into the market to continue smashing the price. (They already drove the price down from 30. to 28.30 with the click of a mouse.)
Imagine if this retail onslaught piled into SLV and bought 2 billion ounces of silver. That would be roughly 54 billion dollars. If by God's grace that happened, all the banks would need to do to counter it would be to click their mouse and create 4 billion ounces and dump them into the market. Problem solved. That would be 800,000 contracts on the futures market. They do that all the time. It's no biggie to them.
What if they really wanted to teach all the peasants a lesson and smashed the price down to 20 and all those people that bought the 54 billion dollars in silver would sure get a spanking. And they can do it.
The only thing that keeps the price where it is at is mining profitability. The miners have to stay in operation. You know, to keep making money for the masters.......
Indeed. I fell terrible for all the people piling into silver right now. They will suffer the same fate that stackers have been facing for decades. A market totally controlled and going sideways.
It has for retail investors. Right now you can not buy physical at spot price. Think about who makes the money on the increased premiums. Remember that is only for us retail investors. Sony can buy at spot. They have future contracts out there. That is another reason why the banks and miners collude to manipulate the price of silver.
If they have a year long contract to Sony and they are contracted to sell Sony silver for 27 dollars in the month of Nov 21. If they let the price of silver move they will lose money on that contract.
The banks WILL NOT allow the price of silver get our of control. They have it well in hand. Just watch how many paper future contracts they dump into the market today:
https://www.cmegroup.com/trading/metals/precious/silver_quotes_volume_voi.html#tradeDate=20210129
Again, to keep a lid on the prices I believe that they will dump 400,000 contracts or more into the market today. We will see soon enough. That is 2 billion ounces of silver via paper dumps. They have an unlimited supply of digits at their mercy.
Do you think that the miners sell to APMEX before the big banks and Sony? Are the miners contracted to sell to APMEX? JM Bullion? SD Bullion? Provident?
What is the pecking order? Why does paper contracts dictate the price if silver. How is that system used to manipulate the market. I FULLY understand the fundamentals of silver. I own quite a bit of physical.
The price is determined by SLV not physical silver. The market can be moved at will by the click of a mouse. The metal can go extinct and the price mechanism will still be SLV and it will determine the price of silver.
But this will be a giant red pill. A learning moment in time. Exposing what GATA has been fighting forever. This has been ongoing since Greenspan in the 80's. The Hunt brothers tried to fight it and failed. They were billionaires at the time. It bankrupted them.
The physical has dried up to dealers. That is it. Who do you think gets delivery first? Who do the miners sell to first? Banks? Sony? or dealers that peddle to the people? Is there a contract with the miners?
Who is making money on these increased premiums? Sure the people can't buy physical right now. Look at the price. It is priced in SLV and they are dumping contracts into SLV to smash the price. They have full control of the metal markets. So what if the people can't get silver.
Do you think Sony buys its silver from SD Bullion? Provident metals? AMPEX?
Smashed down to 28.12. How'd that happen? I know how:
https://www.cmegroup.com/trading/metals/precious/silver_quotes_volume_voi.html#tradeDate=20210129
I predict 400,000 contracts, which equals 2 billions ounces of paper future contracts dumped into the market to smash the price. Hell it could be more.
The people will learn the power of the dark side.
Not true. Contract indicates that it can pay out in FRN's
The miners send to banks FIRST! The dealers get the scraps. Believe me, Sony will get their silver. JP Morgan has plenty of physical silver to fulfill and contracts:
https://gsiexchange.com/jp-morgan-cornered-silver-market/
Which customer has priority when the miners sell?
There was a .53 cent smash right there. From 29.94 down to 29.41. Now how can the physical metal be sold out and the people be buying silver like never before and the price just dumped .50 cents?
You'll see why here:
https://www.cmegroup.com/trading/metals/precious/silver_quotes_volume_voi.html#tradeDate=20210129
The smash continues....Down to 19.26 and falling..
Down to 29.08
Paper futures contracts. Unwinnable battle
We'll see. They control the market with the flick of a switch and they have since Greenspan created the algorithm in the 80's. They have had complete control of the metals markets. They still do.
Paper contracts via SLV through the COMEX dictates the price.
There may be a separation between the physical price and the SLV price. But the paper price will be around where it is now.
The price of silver is controlled by SLV. The increase in demand for physical silver will do nothing to the price of silver. The silver price is determined by a criminal cabal know as the COMEX.
The big banks, the exchange stabilization fund and the COMEX control the price of SLV with paper contracts. Pure 100% manipulation and fraud. And they can control the price of silver any way they want it by clicking a mouse. You will see this in the days to come.
You will see all the physical metal gone, no where to be bought, and the price will linger around 25-27 dollars per ounce. Because they will SMASH the price via paper future contracts.
What time today do you think the big banks will dump paper future contracts into the market and SMASH the price of silver? How many futures contracts do you think they will dump into the market? My guess is over 400,000 contracts. Maybe more. There are 5000 ounces per contract. That will be over 2 billion ounces of silver at the click of a mouse. What price do you think they will smash the price down to? 27? 25?
Now the world will see the power the bankers have over these metal markets and the world will see how us stackers have been losing our asses over the decades.
I will update with the current CME volume chart when they update it:
https://www.cmegroup.com/trading/metals/precious/silver_quotes_volume_voi.html#tradeDate=20210129
You said we'd see a dime in AMC too.........
Nope. He was right from the start.
But in the COVID fear monger reality, I tripped over 7 Covid bodies in the street today. Then I went to the empty hospital with my 7 masks on to see if I was OK. They anal swabbed me. I was in the clear and I left the empty hospital with my pride.
If masks work so great why don't we put them over our exhaust pipes of our cars and save us from this terrible global warming that Al Gore warned us would flood Florida by the year 2000.
In the SLV fund the contract states that they can settle in FRN's. They don't have to pay out in physical. And they surely won't. Because you are absolutely right, they don't have it.
I'd love to see it. That would make up for the last decade. I have sacrificed a LOT for silver.
SLV is tricky because the more demand for the SLV actually causes more SLV to be created. That causes the price to go down. Again, look at the Corona dump. Down to 12 dollars. People were racing into SLV at that time. Mass panic.
I guess we'll see soon enough.
You said it well.
They are worried that the GME squeeze is causing a disturbance in the market.
https://cryptonews.bizlim.com/news/?uid=443815
There are funds that are having to sell long positions to cover GME shorts. LOL. Imagine if they have to cover silver shorts.
THAT is when you would see the true value of silver. But the world would be a very different place.
There will be a separation in the markets. The PHYSICAL price will go up. The metal will be scarce.
The SLV price will be a separate price. Miners or dealers will not sell physical at the SLV price.
So here is an idea. The Movement could buy SLV and cause the SLV price to go down. Hell it could go down to zero. They may then be able to buy physical cheaper. But again, I doubt anybody will sell physical silver for 12, 10 or 5 dollars.
The movement can cause the SLV price to drop considerably if they focused all the money into buying SLV, but getting Physical at that price will be the trick.
Bear Sterns. When they went under JP Morgan took over their short position. In order to cover the position they bought as much physical silver they could get their hands on. The last time that the silver price shot up to 50 dollars per ounce, that was JP Morgan buying all the physical silver so they could hedge their silver short position.
https://cambridgehouse.com/news/7696/jp-morgan-may-be-sitting-on-almost-700-million-ounces-of-physical-silver
JP Morgan is the largest physical silver holder in the world. They also have the largest short position.
They own the physical. They have a direct supplier in the miners. The miners sell to them first and any scraps we get.
This will be a very tough battle for anybody trying to squeeze this market. I hope for the best, but prepare to bend over.
I'll give you an example of the power they have with these contracts.
Here is the recent CME futures volume:
https://www.cmegroup.com/trading/metals/precious/silver_quotes_volume_voi.html#tradeDate=20210129
Notice on the last 2 days they dumped over a billion ounces of silver via paper contracts each day. 5000 ounces of silver per contract. (That's 25 billion dollars each day folks.)
Now lets take a look at what they did when the silver price started getting away from them near the end of July and August:
Silver price shot up to 30 dollars per ounce:
https://www.bullionvault.com/silver-price-chart.do
Here is what they did to fight it:
They were dumping 1.5 to 2 billion ounces of silver into the market EVERY DAY to SMASH the price of silver down.
What is stopping JP Morgan and the rest of the criminals
(The Exchange Stabilization Fund)
https://home.treasury.gov/policy-issues/international/exchange-stabilization-fund
From continuing their fraud?
I thought 2020 was the year of the collapse and that the bankers were all going down? How'd that date? Nice call. LOL
Fear porn at its finest......You were doing a great job pushing it.
Yeah. I've been buying and watching the metals markets for 10 years.
Here is what to watch:
https://www.cmegroup.com/trading/metals/precious/silver_quotes_volume_voi.html#tradeDate=20210129
Look at what the price of silver did after the Corona. It went DOWN to 12 dollars per ounce. How can that be? Everyone was selling their stocks and piling into SLV as a safe haven.
You see that price decrease at the end of Feb:
https://www.bullionvault.com/silver-price-chart.do
Guess what?
SLV doesn't deal with physical silver. Physical silver is sold out. SLV is the price discovery mechanism for the entire silver metal market. It dictates the price. The SLV market has NO silver. It does have however an UNLIMITED amount of shares and futures contracts at its disposal.
Remember that the more of anything there is the less value it has. When you buy shares of SLV you are creating silver paper contracts. The more silver contracts there are the more the price goes DOWN! SLV does not have silver.
That is why the price went down after the Corona hit when everybody piled into SLV. When you buy SLV you are creating silver via paper contracts.
Another way they SMASH the price is by dumping silver futures contracts into the paper market. and they have an unlimited amount of paper contracts they can dump. UNLIMITED.
Here is that example:
https://www.cmegroup.com/trading/metals/precious/silver_quotes_volume_voi.html#tradeDate=20210129
Paper futures contracts. Every time the market starts to run, they dump MASSIVE amounts of paper futures contracts into the market. How do you compete with that?
The only way to win this game is to buy every ounce of PHYSICAL silver there is off the market from now until forever.
I would love to see a squeeze in the silver market. But unfortunately with the big banks dictating the price via paper contracts, all I think we are going to get is a shit load of pissed off investors. Then they'll see what us stackers have been dealing with since Greenspan created the algorithm in the 80's. The Hunt Brothers were the first to feel the pain the entire movement is about to feel. Like a bad prostate exam.......
The problem is that they have an unlimited number of paper contracts that they can dump into the market and smash the price.
I don't think this is a battle that can be won. I'm watching closely.
This is what you are going to want to watch:
https://www.cmegroup.com/trading/metals/precious/silver_quotes_volume_voi.html#tradeDate=20210129
Look at how many paper contracts were created to smash the price down the last 2 days. Each contract is worth 5000 ounces of silver.
Look at the days with very high paper volume and look at the silver price smashes on the same days. They use these paper contracts to SMASH the price of silver.
If there is an attempt to squeeze the silver market the exchange stabilization fund will dump so much paper silver into the market people won't believe their eyes. And the link above is where to watch it happen.
The charts simply reset. Cooled off. The next leg sees us going to around 6 cents.
We'll be back on our way up soon enough.