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nowon brought this re silver

Pyramid

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Why does it have to be purchased on May 1 to cause the squeeze?
As alluded to in nowon's post #444, it's the 10th anniversary of the biggest orchestrated beat down in silver history that occurred on the same date in 2011. WSS chose that date for a reason. Buy or not buy on or near May 1, it's your choice. The Apes will buy nonetheless regardless of premiums, so it's your choice how much of this movement you wish to be a part of. Good luck out there folks.

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the_shootist

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the_shootist

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Someone_else

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^^^^ How about a guy that is looking at the picture and wondering, "Could I malt that and turn it into beer?"
 

nickndfl

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That cnn cunt above looks like she got a hot load from m6 nutsac to the back of her windpipe after I been on the road for a week.
 

the_shootist

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Uglytruth

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What is going to happen when actual businesses that hedged in the future because they consume the metals stand for delivery and it is not there?
 

the_shootist

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What is going to happen when actual businesses that hedged in the future because they consume the metals stand for delivery and it is not there?
They sure as hell can't have mine!
 

nowon

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What is going to happen when actual businesses that hedged in the future because they consume the metals stand for delivery and it is not there?
The metal will become available from miners that have held back production or from recycling....just takes higher prices. Some may sell at $30-50, others could wait for $100+.
 

nowon

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Lol, a JPM trader calls in to Miles Franklin to buy silver bullion for his family
 

nickndfl

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Not even melting the 1000oz bars, just cutting them into smaller 100oz+ pieces. They get weighed and stamped. Very smart.

What do they do with the cutting shavings?
 

Voodoo

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WillA2

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That's one way to check for Tungsten. Lol. Kinda cool.

I would be worried about the resale value on those, however.

They're worth their weight.
 

solarion

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The crimex and LBMA are being drained at an increasing rate. In their desperation they will continue to smack down the paper price, but rather than chasing people off, they'll simply inspire ever more buying...particularly with regard to PSLV shares.

6136 contracts have stood for delivery just in the past 3 days...that's 30,680,000 oz alone. Then, just yesterday there were another 4400 contracts(22m oz) sent to the LBMA via EFP. 52.68m ounces in total in 3 days just with what crimex acknowledges.

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This is leading to more ridiculous smackdowns like the one today, but almost 100% of the time during NY trading hours. These smackdowns no longer shake people loose, they merely cause more buying of physical and PSLV shares.

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...as a result premiums on physical silver continue to go higher. This is the only indication of stress one requires. The paper price is fake and it's being circumvented via arbitrage. If the banksters continue shorting this metal they'll go bear sterns extinct. Highest premiums ever in the history of the silver market? ...yeah I believe so, and they're not coming down...they're going to keep going higher until the market rigging scumbags cover or get destroyed.

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Voodoo

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They're worth their weight.

If people believe your story about what it is and where it came from... It just might limit the buyers and they may want to assay the chunk. I doubt someone like your local LCS would just happily buy the chunk.
 

Voodoo

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The crimex and LBMA are being drained at an increasing rate. In their desperation they will continue to smack down the paper price, but rather than chasing people off, they'll simply inspire ever more buying...particularly with regard to PSLV shares.

6136 contracts have stood for delivery just in the past 3 days...that's 30,680,000 oz alone. Then, just yesterday there were another 4400 contracts(22m oz) sent to the LBMA via EFP. 52.68m ounces in total in 3 days just with what crimex acknowledges.

View attachment 209609

View attachment 209610

This is leading to more ridiculous smackdowns like the one today, but almost 100% of the time during NY trading hours. These smackdowns no longer shake people loose, they merely cause more buying of physical and PSLV shares.

View attachment 209611

...as a result premiums on physical silver continue to go higher. This is the only indication of stress one requires. The paper price is fake and it's being circumvented via arbitrage. If the banksters continue shorting this metal they'll go bear sterns extinct. Highest premiums ever in the history of the silver market? ...yeah I believe so, and they're not coming down...they're going to keep going higher until the market rigging scumbags cover or get destroyed.

View attachment 209613

The bigger the premium, the faster Silver will drain from the Crimex, and the faster this thing falls apart. They can only keep the game going for so long and this is how it falls apart.