Replies to post #27950 on Northern Dynasty Minerals Ltd (NAK)

[Montanore]

The silver bulls have been saying that for years. Never happened.

Was supposed to happen back in 2011. Many were saying silver was going to go to 1,000 bucks per ounce.

Instead it got ruthlessly crushed by JP Morgan.

Nothing has changed and in fact JP Morgan has amassed 100 million physical ounces to dump as insurance.

I like silver, but it's captured. It might go up a bit, but not much and not for long. It will mostly go sideways.They've been pumping trillions of funny debt bucks into THEIR market and has precious metals gone up commensurately? Of course not--it's rigged!

[Whoisit]

They manipulate it, (silver), by not trading physical silver but
with paper contracts where very little physical silver actually
gets traded.
They are trying to hold the price down on physical silver but are
failing because the bullion dealers are asking large premiums over
the paper spot price. even the gold/silver ratio is getting smaller
which tells me they are failing even more.
I have never seen these premiums over spot this high before.
Just look at the premiums on 1.00 silver American eagles.
Some of the last century American eagle coins, the early to late '80s and '90s have huge premiums over the paper spot. Look @
JP bullion.
That is why I call it the paper spot price.
I have one-ounce fine silver Kitco bars I purchased back in 2013 for around 19.00 per ounce and today the same bars are going as high as 40.00 on eBay or elsewhere if available.
So the paper spot does not mean what it used to because the premiums were much closer to the paper spot price back then.
They are trying, the big banks, but in the end, will fail.
And it is about time.
That is if the bullion dealers keep jacking up the premiums over
the paper spot price.

Just my take on the silver situation.