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Silver industry responds to WallStreetBets silverqueeze: David Morgan, Alasdair Macleod, and more!

SongSungAU

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#1
Silver industry responds to WallStreetBets silverqueeze: David Morgan, Alasdair Macleod, and more! (2:07:25)


Published on Jan 31, 2021 by Arcadia Economics​
 

gringott

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#2
"I haven't seen this in thirty years"
"I set aside 55,000 toz for the weekend, I sold 95,000 toz" or some numbers like that.

Do the redditers understand if you don't hold it, you don't own it?
I suspect they do.

Guy from london says no silver in the streets, none availible. They are vaulting what they have. NO STOCK IN LONDON.
 
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gringott

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#3
This is a good video. I don't know any of those cats.
 

gringott

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#5
"JP Morgan a convicted criminal" lol
 

ZZZZZ

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#6
David Morgan, "The Silver Guru." Longtime silver mining stock newsletter writer. (I'm a former subscriber.)

Bill Murphy, former wide receiver for the Boston (Yes Boston) Patriots, Former metals trader and co-founder of GATA

Alasdair McLeod, brilliant metals analyst and economist. Works for James Turk at Goldmoney.com

Ronan Manly, great researcher and metals analyst for Bullion Star

Andy Schenkman, head honcho at Miles Franklin coin dealer.

David Stein, CEO of Kuya Silver, a hot silver exploration company.

EDIT: No idea who the lady and Rafi are.
.
.
 
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ZZZZZ

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Notably missing is the Big Silver Kahuna himself, Eric Sprott.

Eric has been offline for a couple of months now. The only rumor I've heard is that his wife is seriously ill. Unconfirmed rumor.
 

SongSungAU

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#9
The tweet that was mentioned in the video....

AE210131.jpg
 

EO 11110

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#10
i'm 17 minutes through the vid -- surprised to hear about the physical shortages

is that dealers refusing to sell, or actual shortages?
 

SongSungAU

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i'm 17 minutes through the vid -- surprised to hear about the physical shortages

is that dealers refusing to sell, or actual shortages?
If I understood him correctly, the guy from Miles Franklin said they had plenty of ounces on hand but until the market opened in Asia, they are unable to hedge so will not sell any of their inventory. Once the market opens in Asia and they can see where the price is going and can once again hedge, then they will sell.
 

Cigarlover

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#12
i'm 17 minutes through the vid -- surprised to hear about the physical shortages

is that dealers refusing to sell, or actual shortages?
Both. The supply side was heavily impacted by mines shutting down last year. Now we are about to see unprecedented demand. Real supply and demand pricing is about to take place. Just my opinion.
 

SongSungAU

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#14
If I am understanding the video correctly, what is happening right now isn't because of mines shutting down last year. It is being caused by the WallStreetBets folks going after those who have shorted. Get more popcorn, this is going to get interesting.
 

SongSungAU

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ZZZZZ

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#17
Some moron bimbo on Fox Biz just said the Big Banks are LONG silver.

JPMC is long physical, but they and the rest of them are nekkid short up the Wazzoo in silver futures.
 

solarion

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#18
Some moron bimbo on Fox Biz just said the Big Banks are LONG silver.

JPMC is long physical, but they and the rest of them are nekkid short up the Wazzoo in silver futures.
It'd be fun to ask her if she's lying or if the CFTC is lying in their most recent commitment of traders(C.O.T.) report.

1612191943443.png


Looks like commercials are short 73,412 contracts or 367m ounces. I'd have to look it up, but I believe this is up 9m ounces since the week prior.