First Majestic Silver Corp. (AG)

[captainscotty]

#AG:.."SILVER"..GETTING REAL CLOSE NOW....$12.75

$23.50 SILVER 08-14-2021


http://www.kitcosilver.com/




http://www.kitco.com/images/live/silver.gif









Bottoms Up Apes! The funs about to begin!!



"The Sunday open price smash was so clearly criminal that the banks can only pull that trick once a decade or so (remember the 2011 silver bull market weekend assassination)"....


https://new.reddit.com/r/Wallstreetsilver/comments/p49ok3/the_silver_bottom_is_in_now_for_the_fun_part/


Ted Butler wrote a nice article after the Sunday drive by shooting of silver and gold by the Comex criminals.

https://silverseek.com/article/bad-ugly-and-good

After ripping the bankster and CFTC criminals he talked about why he is so bullish moving forward. The biggest reason was that the short position of the 4 and 8 largest traders on the Comex was at multi year lows. He expected that trader commitment report after the Sunday Comex crime spree would result in a major additional reduction in the bankster short position. Strong silver rises are almost always preceded by large reductions in bankster shorts (surprise surprise).

https://www.cftc.gov/dea/futures/other_lf.htm

The CFTC report is out and as predicted they was a large reduction in the short position of especially the top 4 shorts.






The bankster criminals have pushed the silver price down since the silver squeeze began with the intention of reducing their short position by squeezing the leveraged technical funds out. Already at multi year lows the top 4 bankster shorts reduced their short position by a huge 15% in one week.

The relentless price reduction that the banks engineered to reduce their short position was in the face of a massive increase in physical investment demand created by the WSS silver squeeze movement and the most silver bullish macro economic conditions imaginable.

The source of silver to meet the huge increase in physical demand could only come from one place the bankster vaults. The banks have been bleeding silver this whole time since the silver squeeze started. They already proved they lie about their inventory in the LBMA.

The silver smash Friday the 6th resulted in silver backwardation between the London physical price and the September Comex contract. This backwardation lasted all week until the Friday pop in price yesterday.

Backwardation is very unusual indicating serious stress in the market. Strong demand especially in the London physical market after criminal comex price smashes suggests that there is no room for a repeat of the bankster smashing tricks at least anywhere near these prices.

The Sunday open price smash was so clearly criminal that the banks can only pull that trick once a decade or so (remember the 2011 silver bull market weekend assassination) .

Despite the top 4 banksters reducing their open interest by over 7 thousand contracts total open interest went up by almost 8 thousand contracts. On the short side the idiot tech funds opened over 9,000 new short positions. The idiot tech funds will add fuel to the fire as they will be forced to cover as the price of silver rises!

The banks have spent months since the squeeze started reducing their short position on the Comex. Why would they be reducing their short position if silver was plentiful. Why would they slam silver at the least liquid time of the week when there was no one at the trading desks. They know that the price of silver has to rise to stop from bleeding out all their silver. Butler thinks they will be very reluctant to add to their short positions going forward. He even believes they may continue to try to cover, buy, more contracts on the coming price reversal.

After the Tuesday trader commitment report open interest went up by 3 thousand both Wednesday and Thursday. Those we the days that the Bureau of Lying Statistics released their fantasy CPI and PPI numbers. Despite an all time record high PPI on Thursday silver was smashed over .40 cents. The banks have to control the narrative to protect the dollar. Did banks add to shorts those couple of days? Maybe but on Fridays large rise of nearly 3% open interest dropped by almost 3000 contracts.

Normally open interest rises on large up days as the banks sell to cap the price rise. Since technically silver looks pretty ugly it is likely banks were actually the buyers on Friday. This is possibly confirmed by the end of the week long backwardation by Fridays close.

Going forward if the banks aren't willing to add to their Comex short position then the price has nowhere to go but to the moon!! as who else will be selling given the macro conditions and the extreme physical shortfall! Remember GME! The bankster can't possibly come close to covering as long as we keep stacking!

Bottoms Up Apes! The funs about to begin!!





https://preview.redd.it/2rco2mf4tbh71.jpg?width=350&format=pjpg&auto=webp&s=f2148bd3577a85834789d55b4a71cc568bc672df