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Thanks Red. That is just what I was thinking. Means May will be a so,so month. June, will be another repeat of April. I'm sticking with my price target and still feel it could be a bit lower come June. 100 million of real silver,
They seem to move these contracts around. Pushing them back then bringing them forward. Or, do they just put in contracts to push the price down.
whatever the situation I think the price of silver will continue to slide down to meet the price. Seems 24.50 would be about right. Your thoughts?
Wouldn't think much higher but could be lower for sure.
My opinion, silver needs to drop about $2 more. Demand hasn't been near as strong since the Ev reality has set in.
we could be 3 years out for real demand to pressure supply.
I seem to recall a movie where they were sayings; IT"S COMPLICATED!!
From what I gathered you suggest the CME might just produce paper without having the actual silver. That would seem to go against the rules.
These silver manipulators have moved, smashed if you will, the contracts before their due date. So the question to me seems what will May bring us in the form
of these contracts. The price should go down I would think.
later
I wonder how much control they actually have this go around? The last two days this month could be very exciting!!
Where's that $30 an oz silver?? Or for that matter the $50 dollar many said was going to happen!! All the posts with links that said $30 was a given and look where we're at. One poster was even saying the price was $30
an oz when it wasn't!! Or we're they speaking in the distant future? Maybe, because it's sitting just over $27.
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!!
And to think we still got 12 trading days to go in April. We'll see what happens in these next twelve days, but I haven't changed my position.
At some point, barring any serious world event, we'll see huge dumping to fulfill these contracts which will lower the pps.
Yes, that is the link that was referenced. Sure looks like we're all in for some huge moves the likes which we haven't seen in many years.
Thought you might know? I heard BOA has lost over 4.8 billion on silver contracts just this week. The article said this information was on this site
https://www.occ.gov/publications-and-resources/tools/occ-financial-institution-search/index-occ-financial-institution-search.html
I've looked all over this site and haven't found anything? Maybe a wild goose chase, or is there something to it.
I also remember reading awhile back that for every dollar silver went down one of the big banks who trade futures made a billion dollars?
Just think its only the 12th of April
Just read your last post. With losses that huge it stands to reason these banks are going to knock
the price down
Why are these prices inaccurate? They haven't been right for about three days. Does anyone know why?
Precious Metals
Silver
Futures and Options
GLOBEX CODE
SIK4
LAST
27.320
CHANGE
+1.397 (+5.39%)
VOLUME
134,805
Last Updated 05 Apr 2024 11:59:18 AM CT.Market data is delayed by at least 10 minutes
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
WOW!!, Seems our money system is so overwhelming many just can't understand how it works. Or is it that they are so invested in 1000 oz silver that that has altered their thinking. I'm over 70 and you have taught me the how's and whys of something I always knew was manipulated. So it just goes to prove you can teach an old dog new tricks, lol.
Over the last 2 and half years my trades have all been positive. Thanks.
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!!
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.
Have you all noticed the price of silver today? It is bouncing around like I've never seen. From 27.32 to down .03 in a matter of minutes. Then
right back to 27.32.
What is this all about?
Based on how silver has shot up since the first of this month I would say we have a very good chance of going higher. $28 / 30 seems obtainable.
It is only the 3rd of April and we have already reached $27+
Not done yet!!! Here comes $30.00
So true Red. Who in the world will buy silver at 1000 an oz? Dealers will only deal with their most biggest customers. In other words the average stacker will
be screwed!! And just think what items containing silver will cost! OMG, beyond 99% of the population.
I hope everyone realizes we are in a recession. Yes right now. No one is talking about it. But we are in one. Oil prices higher, housing slowing to a crawl,
interest rate still high. Come May the $hit is going to hit the fan, imo. Markets will adjust and go down. Current administration will panic and the fed will step in to lower rates.
Having said that, I see silver moving higher for the next 20 some days. Let's see if this works out. Buy high sell higher? Maybe! Or let it all play out!!
Once again silver today is moving up!!! $27 oz by week end, or today?
That is just a given with this stock. The manipulators move in to put lid on it. Or as we say SMASH it down.
Question I have, why is silver making these huge upside moves?
Dollar didn't move much at all yesterday and the first half hour of trading was much higher? That was a mystery to me.
Again today , pre market it was higher than now. I sold into that market. Will it move higher, sure looks like it will to me, but
will it do it without the dollar going down? Free Range silver. What will make it go higher?
Red may know or have an idea. Maybe something as simple as nothing to hold it back and many buyers. The MANIPULATORS
No change in the fundamentals!! Demand outstrips supply. UP WE GO
One heck of a post Red. I personally don't think it would run up to those amounts. If silver even got to $100 an oz you'd see 1000 sellers and maybe one buyer.
My former boss used to expand situations just like this to help understand a particular problem/ situation and add clarity. I sometimes do the same. It puts things in prospective. Like you said "where does the cash come from to handle that insanity? I'll add, who would buy at those levels? TRUE LEVEL would be much lower or the economy would come to a stand still.
Huge down last week in contracts, CME
I've never heard of demand like this before. Jensen, CEO, is saying as much. Wouldn't be at all surprised to see this stock hit $1200 by May / June.
Once again we're back on Gov't shutdown watch. What a cluster!!
Will silver go higher? It should,imo. Just a thought,, but would silver hit $30 if left to run freely?
You got it. Still many questions. When the fed announced rates, dollar went down, silver went racing higher.
Yesterday, dollar goes back up and silver goes down?
Maybe I should say Free range dollar. LOL
As we been saying WE'LL see over the next 4 weeks or so. Could be a wild ride come May!!
Waterfall chart today!! ZSL gains 6% today.
Thanks for a look back to last year.
Still learning, still have many questions, my limit order hit yesterday, sold half. Seems silver is in free range but watching pps today someone stepped in and
smashed the price down.
Going forward watching the dollar and May contracts.
Thanks for your expertise!!
Were Yellen's comments just noise!!
This is the type of stock you buy and hold. Why? Because the fundamentals are so good. Their products are leading edge.
If anything you buy more on the dips.
Today is Fed day. Will the Fed decision effect the dollar? Silver should trade higher, maybe 10% .
ZSL will become attractive if we see 27/28 silver. I'll buy in stages, three maybe four times.
GLTY
I'm sure most of you have seen this or read about this new chip. What this does is confirm NVDA's lead in this industry.
https://finance.yahoo.com/news/red-hot-nvidia-dips-unveils-101857000.html
If you seen CNBC interview you'll know this lead and demand is real and growing.
CNBC also showed some 12 analyst and their price estimates. Low of $1000 high of $1500.
What it also says is our electrical grid is going to be in trouble if we don't upgrade and put out more power. That is highly under reported and will
be a huge problem going forward
Didn't think it was enough of a move to matter. World currencies are totally complicated, imo. Why and how they move up and down seems a mystery to me.
Thanks for your response. We'll see what happens over the next couple of weeks. I thought silver would go to the $27 / 28 range as well.
Is the fed causing this downward pressure?
We are both reading from the same book. I agree with your thinking. Not sure just how high silver will go but I do think it could reach and maybe exceed that $26
level. One other statement I just read this AM was made by Janet Yellen. She said the bric countries are refusing to trade in dollars so her thoughts concern the dollar could fail. Maybe that is what is fueling this upward trend!! Add in the silver / metals people with little resistance from the bankers and we could see a big run in the next 30 days.
This sure does make an interesting market!!
No mistake here, I own a large position in collectable coins and bullion. I trade these ETF's for profit and have done pretty good over the last 2 /3 years.
It's because I realize just how this game, 800# gorilla controls the market. Follow these big boys and you'll begin to see
Just a few thoughts on my opinion on the price of silver.
Many are still talking about supply and demand. Two main subjects EV's and AI
More discussions about AI recently saying how this industry is sucking up all the silver.
Now we all know the 800# gorilla in the room isn't playing in the market at the moment. When they do reenter you'll see huge dumping again which will lower the price.
We have, at this moment, what I would call "FREE RANGE" pricing. The pps is actually left to find its value freely. Very little manipulation.
Fun to watch and lets see if this holds true!!
Good for you Omar. I decided to buy this one instead of SLV this go around. I'm also playing my sell order somewhat different as well.
Curious as to why you sold everything? With that many shares you could have split your sell points.
Anyway, we'll see what happens over the next couple of weeks as I feel we'll move up from here.
I agree. Just read more of his posts and he's so far off the wall with his propaganda its laughable
Good one. Same here!!