I’ve already got most of my extra money on pslv and I add to it every week.
I’m literally picking change off the floor for this.
I’m literally picking change off the floor for this.
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/sp_en_6.gif)
nowon brought this re silver
- Thread starter Scorpio
- Start date
- Joined
- Dec 16, 2019
- Messages
- 2,540
- Reaction score
- 6,739
- Joined
- Nov 25, 2013
- Messages
- 8,984
- Reaction score
- 15,309
Time for the morning smack down of paper metal derivatives...that are inexplicably allowed to set the price of commodities.
More silver contracts have ALREADY stood for delivery in 2021, than in the entirety of 2016. Let that sink in...
You'd think people would eventually learn. Never never trust a banker to hold your property, they'll always...eventually find a way to rob you. They don't even have the guts to stick a gun in your face...no no, these cowards rob you through deception, rehypothecation, counterfeiting, & confusion.
More silver contracts have ALREADY stood for delivery in 2021, than in the entirety of 2016. Let that sink in...
Hey, leave some for the rest of us. I really need to get my GME profit order in and on the way.
- Joined
- Nov 25, 2013
- Messages
- 8,984
- Reaction score
- 15,309
No worries bruh. I haven't stacked all of these. ...yet.
Edit: Looks like they(SDB) has over 44,600 of those up there ^^ ...so they likely won't run out real soon. Though they may take them off sale...by raising the premium up to 20.18% over spot where most other silver is currently. Highest ever premiums, as a percentage, since I've been monitoring it. #silversqueeze is realz.
Bankster scum keep knocking their paper silver strawman below 26, but that strawman keeps biting back.
Gold has been holding up better the past couple of bankster raids on the paper metals...even leading the way back up from time to time. Dare we hope, gold is finally growing a spine? No way silver can beat back the bankster filth with big bro dragging it down too.
Edit: Looks like they(SDB) has over 44,600 of those up there ^^ ...so they likely won't run out real soon. Though they may take them off sale...by raising the premium up to 20.18% over spot where most other silver is currently. Highest ever premiums, as a percentage, since I've been monitoring it. #silversqueeze is realz.
Bankster scum keep knocking their paper silver strawman below 26, but that strawman keeps biting back.
Gold has been holding up better the past couple of bankster raids on the paper metals...even leading the way back up from time to time. Dare we hope, gold is finally growing a spine? No way silver can beat back the bankster filth with big bro dragging it down too.
Last edited:
Great video. If there is One person to listen to in the mining sector I am definitively picking Rick Rule.
- Joined
- Nov 25, 2013
- Messages
- 8,984
- Reaction score
- 15,309
lol luvit!
I don't do paper bankster fictions, but instead leverage gains made in free markets(crypto) to stack moar physical. The banksters have been absolutely AWESOME at helping me out by constantly smashing their paper metal strawman "contracts" to lower the "price" of metals so they could gobble up physical metal themselves on the cheap...and I've just been following their lead while ignoring everything that comes out of their dishonest mouths. Thank you SO much jp morgue, goldman sucks, scotia, douchebank,
- Joined
- Nov 25, 2013
- Messages
- 8,984
- Reaction score
- 15,309
Equity and debt markets are coughing up hairballs, while paper metal is being hammered incessantly. Soon we'll be hearing about how the problems in the paper fraud "markets" are just "healthy corrections" ...that they're right as rain...and that all will be well soon.
Last edited:
Epic article by Ronan Manley, the best silver researcher on the planet. Too long and complicated to copy/paste here.
Orwellian CFTC, which ignored years of silver price manipulation, now going after Reddit Apes
Orwellian CFTC, which ignored years of silver price manipulation, now going after Reddit Apes
- Joined
- Dec 16, 2019
- Messages
- 2,540
- Reaction score
- 6,739
Sounds like a "homebrew" court, so-to-speak. Too many bankers and liars involved.
- Joined
- Nov 25, 2013
- Messages
- 8,984
- Reaction score
- 15,309
Another 321 gold and 431 silver contracts stood for delivery today. That brings gold March contract delivery totals up to 5365(536,500oz) and silver March contract deliveries up to 8927(44,635,000oz).
At this pace silver deliveries on the March 2021 contract are likely to exceed any delivery month since at least last June. Remaining open interest looks like 2179. There were also another 1986 contracts listed as exchange for physical...presumably being taken from the LBMA.
This pace keeps up and the crimex might wind up being a physical commodity exchange afterall. ...nah.
At this pace silver deliveries on the March 2021 contract are likely to exceed any delivery month since at least last June. Remaining open interest looks like 2179. There were also another 1986 contracts listed as exchange for physical...presumably being taken from the LBMA.
This pace keeps up and the crimex might wind up being a physical commodity exchange afterall. ...nah.
PSLV Added 30 Million Oz This Past Year | Rick Rule
- Joined
- Apr 1, 2010
- Messages
- 1,607
- Reaction score
- 1,602
Bob coleman thumps his chest about being the cheapest by far on his products and why wouldn't he but really he's not. Maybe's 1000 ozers but not the others he mentions, he is beat on 100 oz bars and on silver krugs there's another dealer that's close enough to go with if you're already comfortable with them.
- Joined
- Nov 25, 2013
- Messages
- 8,984
- Reaction score
- 15,309
More silver has now been taken out of the crimex in March than in any month since last September. Further, silver contracts standing for delivery in March of 2021 are up 100% over March of 2020. Gold contracts being delivered in March are also up 85% YoY. Slowly, but surely the crimex is being drained. Many vendors are now offering products for "pre-sale" and shipping in the 2nd week of April, due to tight supply in the retail channel.
More warrant free bullion at crimex(eligible) = less silver for the banksters to re-hypothecate.
More warrant free bullion at crimex(eligible) = less silver for the banksters to re-hypothecate.
Last edited:
That's a big dent in the physical silver
- Joined
- Nov 25, 2013
- Messages
- 8,984
- Reaction score
- 15,309
So that's headroom to tack on another 57m ounces or so of silber at current prices. If I understand the workings of PSLV it's a closed fund, so it only adds silver when it raises the funds to do so by people purchasing new shares...during which time it trades at a premium to NAV.
I don't trade paper, but I like the way it's run. All the silber, that's not mine, are belong to them.
Since they stack 1k delivery bars, they're directly competing with the slimebags for inventory. ...which breaks my heart.
https://economictimes.indiatimes.co...ay-top-700-cr-on-mcx/articleshow/81381535.cms
I don't trade paper, but I like the way it's run. All the silber, that's not mine, are belong to them.
Since they stack 1k delivery bars, they're directly competing with the slimebags for inventory. ...which breaks my heart.https://economictimes.indiatimes.co...ay-top-700-cr-on-mcx/articleshow/81381535.cms
Last edited:
- Joined
- Nov 25, 2013
- Messages
- 8,984
- Reaction score
- 15,309
A lot of gold(506 contracts) stood for delivery on the crimex yesterday. Very few silver contracts(25). That brings March delivery totals up to 5908(590,800oz) for gold and 9,369(46,845,000oz) for silver. Very respectable numbers indeed.
The metals saw lots of buying in Asia and early on in London, led by platinum, but now there's a lot of selling pressure late in London heading into NY/Chicongo open. Shocking, I know. This one-two punch of smackdowns in London and then NY seems to be a favorite strategy of the cartel. Might as well use it to your advantage while it lasts and stack physical when they put it on sale.
Still working as expected boiz. Keep that fake volatility coming and I'll keep stacking.
...uh yeah, cuz that's how worldwide prices change in a vital commodity market. Delighted to see some actual push back on the contracts, but you've got to be kidding me with this ridiculous volatility. The only ones benefiting from setting "prices" of physical commodities this way are banksters, hedge fund managers, and gumbymint stooges that need real money to look bad next to their nice "stable" fiat.
This is no way to discover price of a crucial commodity. This thing is flopping all over the place lately due to banksters and their stupid "liquidity"(counterfeiting) games.
Exactly back to where it was fifty minutes ago, but now some people have been stopped out and/or bought at higher levels and now have a theoretical loss. Oh and plus there's now some bankster asshole with a god complex laughing about how he single handedly pushed around a worldwide commodity that has been money for thousands of years. This crimex shit has to end.
The metals saw lots of buying in Asia and early on in London, led by platinum, but now there's a lot of selling pressure late in London heading into NY/Chicongo open. Shocking, I know. This one-two punch of smackdowns in London and then NY seems to be a favorite strategy of the cartel. Might as well use it to your advantage while it lasts and stack physical when they put it on sale.
Still working as expected boiz. Keep that fake volatility coming and I'll keep stacking.
...uh yeah, cuz that's how worldwide prices change in a vital commodity market. Delighted to see some actual push back on the contracts, but you've got to be kidding me with this ridiculous volatility. The only ones benefiting from setting "prices" of physical commodities this way are banksters, hedge fund managers, and gumbymint stooges that need real money to look bad next to their nice "stable" fiat.
This is no way to discover price of a crucial commodity. This thing is flopping all over the place lately due to banksters and their stupid "liquidity"(counterfeiting) games.
Exactly back to where it was fifty minutes ago, but now some people have been stopped out and/or bought at higher levels and now have a theoretical loss. Oh and plus there's now some bankster asshole with a god complex laughing about how he single handedly pushed around a worldwide commodity that has been money for thousands of years. This crimex shit has to end.
Last edited:
- Joined
- Nov 25, 2013
- Messages
- 8,984
- Reaction score
- 15,309
Big gold delivery day @ 1735 contracts. That brings monthly deliveries up to a respectable 793,200 ounces.
Silver had a slow delivery day, but monthly deliveries are healthy at 9660 contracts or 48,300,000 ounces.
Silver had a slow delivery day, but monthly deliveries are healthy at 9660 contracts or 48,300,000 ounces.
- Joined
- Nov 25, 2013
- Messages
- 8,984
- Reaction score
- 15,309
One can watch these drawdowns over time in daily reports from the CME group.
http://www.cmegroup.com/delivery_reports/Silver_stocks.xls
Here are drawdowns, just since the beginning of March. The largest changes being in Brink's, CNT, and MTB holdings. Definitely making a dent.
You can see above that silver inventory drawdowns, just since the start of the year have been significant. Perhaps that's why CME group raised margins Feb 1...right when #silversqueeze began.
https://thedeepdive.ca/cme-group-raises-silver-margin-requirements-17-8-following-volatility/
Amusing that they blame "volatility" for this change, even though increased volatility to frighten potential PM holders away was the entire stated purpose of founding the crimex in the first place.
If a "vault run" becomes apparent to all, then there could be a stampede of industrial/institutional buyers attempting to secure future supply of this vital commodity. Clearly this would accelerate the drawdown and put crimex and even the LBMA at risk of default.
Last edited:
- Joined
- Nov 25, 2013
- Messages
- 8,984
- Reaction score
- 15,309
I noticed with some amusement that SLV is now negative for the year, while PSLV is positive. Silver is, of course, down for the year(-1.75%) despite both record demands and premiums.
There are very good reasons for this divergence.
https://seekingalpha.com/article/4405065-pslv-vs-slv-battle-for-best-silver-etf
There are very good reasons for this divergence.
https://seekingalpha.com/article/4405065-pslv-vs-slv-battle-for-best-silver-etf
- Joined
- Nov 25, 2013
- Messages
- 8,984
- Reaction score
- 15,309
There are allegations circulating that the Perth mint has defaulted. It seems they're refusing to deliver physical silver to unallocated pool clients within contractually specified timelines...instead refusing to specify a timeframe at all. This is a story that's being claimed by several individuals, but has yet to be confirmed.
Here is the relevant section from the Perh mint brochure. Pages 14 - 15.
Here is the relevant section from the Perh mint brochure. Pages 14 - 15.
Maybe the Perth Mint is low on silver because it's gone to the Comex warehouse
- Joined
- Nov 25, 2013
- Messages
- 8,984
- Reaction score
- 15,309
Precisely what has been claimed. That Aussie regional demand has been sacrificed to once again bail out the crimex and/or LBMA. Also interesting is the fact that several sources predicted precisely what has seemingly happened. Specifically that it'd not be the crimex or LBMA to default, but that the defaults would begin in Perth, Zurich and/or Montreal.
- Joined
- Dec 16, 2019
- Messages
- 2,540
- Reaction score
- 6,739
It's probably all the silver they're squeezing from the Perth Mint and to help cover their paper job. I think they're trying to find out how much paper they have to push to find the bottom. If people keep buying silver and take possession of it, the crimex is going to go under.
KEEP STACKING.
- Joined
- Nov 25, 2013
- Messages
- 8,984
- Reaction score
- 15,309
I've never stacked more silver in such a short time. ...or platinum either for that matter. Those two metals are WAY WAY too cheap relative to...well everything else.
Guess who else stacked a pile of platinum yesterday?
13,550 ounces in a day.
Guess who else stacked a pile of platinum yesterday?
13,550 ounces in a day.