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Here comes the ticker tape parade
Lots of paper
Zimbabwe’s new gold-backed digital currency.
https://www.aljazeera.com/news/2023/5/9/zimbabwes-new-gold-backed-digital-currency-all-you-need-to-know
Just a small addendum to your last paragraph. It just goes to show that the bigger the donor you are the higher your position in the government will be. And this is from a guy that worked 25 years in the Department of Defense. You had two types of leaders, the first was the people that work a long career and made it to the top on their own effort and the second, which is most prevalent, are the big donors that are appointed to a position that they have no understanding about ie this financial advisor.
This is the Biden administrations head economic advisors trying to explain why our Govt borrows our currency into existence:
https://www.zerohedge.com/economics/watch-bidens-head-economic-advisors-try-explain-government-borrowing
This guy has not idea what the hell he is taking about. Studder studder, stammer stammer, he has no idea what he is talking about. LOL. And this is the head economic advisor!
What the actual hell!
Uh......Duh. The dollar is backed by bonds. And bond holders make money off the bonds. Interest is made off the bonds that were created in exchange for dollars.
If you want a position in government, simply have no idea what you are talking about or doing and you are in!
Precious Metals Are A Decentralized Alternative to Central Banking And Their Planned CBDC $SLV
Smashing early today. Manipulators up early today
Goldman Sachs says gold’s bullish momentum remains even if the Fed maintains restrictive rates $SLV
Thailand Government Pension Fund to move into Gold and other commodities to mitigate risk. $SLV
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.
Gold could climb to $3,000/oz by next year, Bank of America analysts said. The precious metal has been boosted by a confluence of factors including geopolitical risk and strong demand from central banks, and could get an even bigger boost if interest rates fall later this year. $SLV
Thank you! I’m going to need it! And yes I agree it’s performance makes it possible, but the manipulation may screw me out of a lot of money. Excited to see how it plays out! I’ll check back in on June 21st!
I will wish you luck , good luck ! congress is laser focused on destroying the dollar , and the United States , the way SLV has performed this year , $ 30.00 is looking very possible before your expiration . what would be SICK a.f. is if it DOUBLED from here before June . If it only gets to $29.00 , you'll do * very well * with that bet .
Welp.. i’m back in this with a June 21st $30 options call.. I see the potential in this stock but I think I screwed myself over with this call lol. Wish me luck!
Thanks Bob. right back at you 1078
Loads of paper today. Rigging at is best
Lol well over 30 buddy. Try to buy an ounce of physical. Let me know where you find it for $25
Silver will not touch $30 till maybe after the elections. Count on it going back to $25.50 short term.
East’s gonna be controlling golds price shortly. They really like silver. Cheapest hard asset on the planet. Not much longer.
Physical well over $30 on its way to $50 quickly.
Hey old man you that blind to see the gig is up. You stuck in a box or you paying attention what's happening in the world. All I'm gonna say. It's not worth my time. Just keeping watching. This paper cons going to zero. Physicals about to go ham. Their little corruption on Friday did nothing. That's telling. Time will tell. Talk to you in December
Gold is shining ‘bright like a diamond’ and could hit $3,000, says Citi
https://www.cnbc.com/2024/04/16/gold-is-shining-bright-like-a-diamond-and-could-hit-3000-says-citi-.html $SLV
Umm because you hold it nobody else
Physical Bullion Silver is a Decentralized Alternative to Central Banking $SLV
BRICS: Analyst Predicts US Dollar Crash Similar to Roman Empire’s End
https://watcher.guru/news/brics-analyst-predicts-us-dollar-crash-similar-to-roman-empires-end $SLV
You are right. :
https://www.cmegroup.com/markets/metals/precious/silver.volume.html
With a click. Or AI, Or an algo.
Whatever they do, they did it. Almost 2 dollars down in a day. And we are still 2 weeks away from the beginning of May.
VERY nice entry in ZSL. Better than mine. You could possibly double.
Almost 4 million shares of ZSL traded yesterday. LOL 4,000,000 X 12 = 48,000,000
Only 48 million dollars.
But don't forget the shorts in AGQ at 38 bucks. 4,589,951 volume yesterday in AGQ. 4,500,000x38=171,000,000. 171 million dollars worth of AGQ traded yesterday.
And if AGQ goes from 38 to 25.............
Of course ZSL is still the better play.
But the point here is, look at the amount of money being made in silver. I've been at this awhile. Longs buy and hold. And as I mentioned earlier. You can trade a LOT of money. You don't have to worry about not being able to get out of your position. The volume is there. With the click of a mouse, you can trade a house.
Always Red
"Let's see how much SLV they used to do that tomorrow:"
I believe it was around 230,000.....I think when it reach near $30....many jumped also, they figured the ride wasn't going go much higher. I did pick up some ZSL in the $11.70 range...
WT heck why are you quizzing people
Hey new guy. Can you explain the mechanics of the silver market for us?
Why is the price where it is?
How did the price drop by $1.50 today so far?
What controls the price of silver?
Who owns the most physical silver?
What is the CME?
How do the SLV futures markets work?
How many ounces of silver per contract?
Is their an algo that controls the price of silver?
Who created the algo? When?
Does the dollar affect the price of silver?
Who controls the dollar? What is the dollar?
Is the dollar fiat? Or is it backed?
Why does the price of silver and gold move EXACTLY the same way?
Do you have any original thoughts or do you parrot your favorite metal salesmen?
Does the number of paper contracts per ounce of physical matter?
Does SLV matter?
Who controls how much SLV is in the market?
How much SLV is there?
Does the price of SLV affect the price of silver?
Why has silver been sideways for 20 years?
Isn't silver supposed to be a hedge for inflation?
Why isn't silver going up the same pace as inflation?
Maybe in the 1800’s to early 1900’s
Worth zero. How many paper claims per ounce? Lmao lot more paper then physical.
Is physical one days pay for a dime? 1/10th of an ounce of silver?
Historically one days pay was worth one dime.
Is that the case?
Why not?
Here are 1 ounce rounds for 30 bucks. Is 3 bucks a days pay?
https://www.providentmetals.com/1-oz-999-fine-silver-rounds-our-choice.html
Physical is not 26
Paper is 26
Why is physical only 26?
It’s like a ticker tape parade today
So much paper
Not really. Where you getting physical less that $26
Physical price is dictated by SLV
Papers worth zero anyway. Physical price says it all
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.
I don’t feel sorry for them
Here is an article you may be interested in:
https://renaissancemen.org/2022/01/28/review-of-teds-800m-silver-short-claim-by-boa-new-evidence-from-occ-sheds-light-on-the-discussion/
But always keep in mind that that NONE of these investigators ever talk about SLV. They only talk about physical, leased physical, naked shorts and shorts. And using PHYSICAL to manipulate the market. Also using shorts. They NEVER talk about SLV being used to control the price of metals.
SLV is an open ended fund. They can create quadrillions of ounces of silver with the click of a mouse. THAT is how they control the price of silver.
Also remember that the largest holders of physical metals are the banks themselves. If the banks start to have balance sheet issues for whatever reason:
Hint hint:
https://www.marketwatch.com/story/bank-of-americas-paper-loss-on-its-bond-portfolio-reaches-110-bln-and-outpaces-other-banks-report-75f1b1f3
So if the banks start to have issues......They can offset those balance sheet issues with an increase in metal prices. They own and control the world. The control all the metal prices. They are the largest holders of metals in the world. They can manipulate and do whatever they want with the price to achieve whatever goals they want. They have their finger on the button. And they know when they are going to push it.
Like the dollar smash they just achieved:
https://www.bullionvault.com/silver-price-chart.do
Do you think they did not profit from that 1 dollar smash? They play both sides. They hold all the physical and they control the pricing mechanism! LOL
Who lost the most from that 1 dollar smash? The banks or the longs that are excited and buying into the mania?
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
In the last 25 minutes they smashed the price of silver by over 1 dollar
https://www.bullionvault.com/silver-price-chart.do
Let's see how much SLV they used to do that tomorrow:
https://www.cmegroup.com/markets/metals/precious/silver.volume.html
Hearts are breaking.......
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