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JPM is hedged with the LARGEST private holding of physical silver in the world. Whatever shorts they have they can cover and sit back and let it run. The other investment banks though are mostly just short on paper. They're screwed when silver breaks loose.
That problem is solvable with Byzantine Fault Tolerance
Green Eggs and Sam is my favorite Youtuber.
Ah the glory days of the dotcom boom... stocks like Xerox were going up 10%, 20% daily while complete dotgarbage stocks were doubling overnight. Then came the Great Reckoning and total capitulation, finally bottoming out in October of 2022. Exactly when I began to trade in earnest. After cutting my teeth on tech stocks I discovered the Pinksheets. Bought 2 million QBID in 2004 for $200 and in two months it was $56,000. Hard to go back to the daily stock grind after that!
Now we have a different quandry... The broader stock market is greatly overvalued and wants to pullback but into what? Cash is no longer king and bonds are toxic. It's a beggar on the streets trying to sell bonds to anyone who will buy them and not many takers. So where does capital flow? Some to metals and commodities but as you point out, they too will suffer during a market collapse. Some will and is flowing into crypto assets but that market is akin to the 1998 stock market just looking for a good housecleaning. I have a handful of crypto I believe will endure but bitcoin is not one of them. The future is cloudy at best and the only asset that instills any confidence in me is physical silver, food and kinetic projectiles. Oh... wine as well and toilet paper aka the New White Gold. LOL
In like Flynn. Go Aldo!
Interesting video... so faced with the unlikely circumstance of life originating on Earth, we are left with three possibilities. Undirected panspermia, meaning the seeds of life are sown across the galaxy by stellar winds, or Fred Hoyle's notion of Directed Panspermia,i.e. someone entity or entities purposely innoculated Earth with primitive life OR we are living in a simulation. The panspermia hypothesis simply kicks the can down the road so to speak. Life had to begin somewhere, if not here. Hence, we are left with the rather uncomfortable notion that this is all a simulation.
Detractors from the simulation hypothesis will argue that if true, the "programmers" creating the simulation must also be living beings so the origin of life remains unanswered. BUT, what if the fundamental nature of reality is far more Baroque than we imagine or can imagine. What if there are dimensions outside of the realm of animate versus inanimate? What if the realm of existance we call "reality" is but a minor fold in the origamic structure of the multiverse?
I digress... Go SLV! lol
You're welcome. As a gold and silver dealer (mostly buyer) I have blinders on in a way, in that I see the desperation and confusion in many of my customers who come in to my shop to sell coins they inherited, silverware they're tired of polishing or a class ring they've never worn. Almost to the person, rich or poor, they sense that they're selling an asset that will most certainly go up in value, but they have bills to pay, or crypto currency to buy, or whatever. So I try to gain clarity of the global trend for my own personal investment strategy. Twice in my life I have witnessed and profited from a major run in silver. Once in 1980 when I was a silversmith and sold hundreds of ounces of silver scrap at $40 an ounce, and again in 2011 when I first got into buying precious metal from the public when silver ran to nearly $50 an ounce.
My perspective now is that with all things considered (monthly chart, COT reports, social media influence, increasing physical demand for both industry and investment, and of course my Spidey senses)... we are looking at the leading edge of a massive run in silver. It will almost certainly blow past $50 and possibly $100 or higher. Perfect storms like this are rare, but we see the telltale signs, so be prepared.
An interesting take on silver supply:
In the office next door is an engineering company involved in site surveying and development for the new Tesla factory in Austin. The single building covers 100 acres. One hundred acres of robotics and electronics that will require a LOT of silver. Every keyboard, every computer, every solar panel.... almost everything electronic requires silver. I don't think Elon wants to spike the price just yet. The time is coming though.
Monthly chart says it all!
Interesting post. It wasn't the WSB crowd that spiked silver last week. It was the ANTICIPATION of the WSB gang piling into silver, which they apparently didn't do. Worldwide attention was drawn to the silver market by the WSB and GME squeeze so you had the asian and London markets driving up the futures last Sunday evening in anticipation of a massive flow of capital into the silver market as well as retail buyers hitting the dealers like Apmex and JM bullion last weekend.
The monthly chart on silver is still, and even more so, a screaming buy. The world is just waiting for a catalyst to push it into the $30 to $50 range. Lot of profit takers below $50 but when it breaks $50, and it will eventually, the game is afoot.
Monthly chart: https://www.finviz.com/futures_charts.ashx?t=SI&p=m1
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Google is threatening to block its search engine in Australia because the Aussies are insisting Google pay local newsservices for content and feed. This is where Brave needs to have a press release and offer Brave down under!
Redditors need more awareness of MMEDF. Just sayin'
Brave browser with Duck Duck Go search engine and protonmail... easy way to privacy!
Totally agree. BAT is the only crypto asset out there that is seeing broad acceptance and usage. The management is the best in the field and as I type this I'm using the Brave browser. BAT should be at $5.00 right now!
That's why they call silver the widowmaker. lol
Also a lie that larger jet engines use a gold bronze alloy in their bearings and platinum in the turbine blades. Some liars claim as much as $20,000 worth of precious metal per engine.
Well that's pretty dang cool! I dont like wearing synthetic fabrics though so I'll just go for the hat and mug
MMEDF gaining some exposure on Reddit. Stars are lining up!
Dirty rotten bastards are goona force me to buy more I bet
Nuthin but crickets. Even the cryptoverse seems sluggish today. VIX is down. Precious metals slumping. USD is up. WTF?? is peace breaking out somewhere??
One would think the self proclaimed 'tards from WSB would be all over this... I mean seeing as how... well I wont go any further. LOL
We have similar targets.
Cannabis has it's place as a palliative, mild intoxicant, with derivatives like CBD with healing properties. Psychedelics however are like a cure for cancer. The cancer being addictions, crippling anxiety, and most importantly I think, a lack of direct spiritual experience, which is difficult to attain in our current culture.
Only dark at the onset when he confronts his personal demons. Then he is forgiven... absolved of his sins and finally illuminated. The snake motif is unique to the Ayahuasca experience and appears to be universal across cultures, which is fascinating. Never having partaken of Ayahuasca, I cannot comment on that but I find it interesting that Maria Sabina, the bruja who introduced R Gordon Wasson to Psilocybin mushrooms, who then introduced them to the Western world, had this to say: " The mushrooms speak and they've spoken to my people for thousands of years. Now, they no longer speak to us. They speak to YOUR people"
Or... there is the subjective experience. And I must say this film maker did a remarkably good job of rendering the visual aspects.
What the world really needs is "Spice" or at least the real world equivalent of it. I have searched for it all my life. Olive oil with Carbon 60 is as close as I've come to it in terms of life extension.
It's refreshing to see science actually addressing the Big Question of Consciousness instead of dancing around it with reductionist methodologies.
Immediately one sees the magnitude of the challenge when the very language we use to describe objective and subjective observations must be called into question. Like the single word "higher"
The stars are lining up. "Chevron 6 locked..."
I don't deal with the dealers. I deal with a major refiner and market maker with offices worldwide. When they tell me they have no more minted silver, I believe them. Believe what you wish.
Maybe uplist news coming? Now would be a good time
So few people know about MindMed. I've spoken with several doctors and a neurologist and they go "What???" Then I mention Kevin OLeary and they askme for the ticker symbol. LOL
That's actually a fascinating article. Chock full of speculation of course simply because we have no idea what conscious really is. We know what it does, more or less where it is and how to turn it off and on, but not what it IS. My personal belief is that conscious is a fundamental aspect of the universe that emerges when a physical stucture and chemistry is complex enough to accomodate it... like the brains of animals or the mycellial mat of certain fungi which can spread over hundreds of acres.
Well there goes my last stimmy check
Well heck anyone who's ever tripped could have told them that lol