Friday, April 12, 2024 10:14:22 AM
https://www.bullionvault.com/silver-price-chart.do
7 YEARS!
Then since 2020 they have kept silver in the 20 dollar to 26 dollar range. There have been a few anomalies where it went to 28 and 30 dollars. And currently.
Could this be a time where they allow the price to rise a little? I'm not sure. I'm not in control. They are. And I have proven that. Whatever is happening, they are allowing it to happen.
As for 3 dollars not mattering.....
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174223803
"95,935x5000=479,675,000 ounces of silver to be delivered by the end of May."
If those contracts were created even at 26 dollars, let's look at what this will cost the big bullion banks.
479,675,000 ounces x 3 dollars. The difference between 26 dollar contracted price and current 29 dollar silver they will need to pay for physical prior to delivery.
479,675,000 ounces x 3 dollars=$1,439,025,000. That is a 1 1/2 BILLION dollar loss.
If the contracts were set at 23 dollars per ounce, double that loss. 3 BILLION.
Those are real losses. How does that effect the bottom line of JP Morgan?
Where does the money come from to cover those losses?
I think that this is why they stopped disclosing the settle prices for contracts. They don't want us to know what the contracts were set at.
I know for a fact that what is happening, whatever that is, is being allowed to happen. The market isn't magically getting out of control. They have the power to SMASH the prices.
Remember, if they are selling shorts into the market right now, if the longs are buying all the shorts they are selling. Once they SMASH the price of silver lower. They will PROFIT off the backs of longs. Why wouldn't they sell short if they know they are going to smash the price. They have the power to do that. You have all seen it! For decades.
Obviously, with inflation where it is at, the cost to mine has gone up. Eventually it becomes unprofitable to mine with increasing costs of machinery, equipment and gas. They will continue to want their mining companies to profit as well. So they need to allow some increases in the price of metals to compensate. When they allow these rises and for how much......I have no idea. They are in control, not me.
But it is fun to watch the metals move. I have been involved in the metal markets for nearly 20 years, and it isn't because I hate metals. I understand the fundamentals of metals. I understand the history of metals. I understand the economics of metals. I understand the value of metals and where that value comes from. However, I also understand how and why they have manipulated metals for so very long.
A Democracy is 2 wolves and a lamb arguing what's for dinner. In a Constitutional Republic the lamb is armed. We live in a Constitutional Republic.
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