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The Lunatic Fringe - Trading talk.

dpong

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dpong

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Publicity engendered by a new book?
 
Voodoo

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Lancers32 said:
Once again PSLV leading the way. WTF.
Click to expand...
Just since I was curious and bought some shares yesterday (without looking mind you) I went looking through the fact sheet. Still pretty unknown. You could buy physical silver at a discount up until the WSB spike. It's really still very small premium considering where physical coin premiums are right now.

1613167511651.png


Between CEF and PSLV they hold almost 165 million ounces of silver. That's a good sized chunk.
 
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Voodoo

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Lancers32 said:
Silver was up 40 cents. PSLV unchanged on the day. That was the point I was trying to make.
Click to expand...
Paper prices versus physical. Paper is more volatile.
 
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The real story that I think you should take away from this week. US Bonds are starting to look like they are showing serious problems. I did add some TBT shares today (inverse of TLT).

1613170079073.png


MA's Socrates is showing a Waterfall in progress on the monthly for 30 yr bonds. For people who may follow his computer.
 
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Anyone thinking this week with with spot running in a $1 band..... they are showing they are still in control? ......... until they have to deliver.
 
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Voodoo said:
Just since I was curious and bought some shares yesterday (without looking mind you) I went looking through the fact sheet. Still pretty unknown. You could buy physical silver at a discount up until the WSB spike. It's really still very small premium considering where physical coin premiums are right now.

View attachment 201764

Between CEF and PSLV they hold almost 165 million ounces of silver. That's a good sized chunk.
Click to expand...
The premium/discount to NAV is a reasonable sentiment indicator, if you see 30 again bailout!
 
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Lancers32 said:
Silver was up 40 cents. PSLV unchanged on the day. That was the point I was trying to make.
Click to expand...
Losing premium or lagging? I assume that the kids drove it to a premium that it then lost.
 
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jelly said:
Alright Zed, what's the scoop on Novo?
She's got a beautiful "W" bottom going on here.
View attachment 201751
Click to expand...
I'm not sure, off my radar as they are not listed on the ASX!

Must be a good assay floating around a lab somewhere!
 
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jelly said:
Really? It's an australian mine. I figured it would mainly be listed on the ASX? Strange.
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Yeah, not always. Sometimes the US, sometimes Canada, sometimes Aus + one of those. They go where they think they will get the easiest funding I suppose. I think we are tougher on listing requirements than say Canada and your pinks.
 
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Zed said:
Losing premium or lagging? I assume that the kids drove it to a premium that it then lost.
Click to expand...
Zed said:
Losing premium or lagging? I assume that the kids drove it to a premium that it then lost.
Click to expand...
Nope point is ever since news of this silver squeeze popped up PSLV has been under performing the price of Silver and the pricing of SLV. Up until then it tracked very closely to SLV and the price of Silver. Within a couple hundredths of a % intraday and daily. Curious that the one item which allows for delivery would under perform if there was an imminent default.

The kids never bought it. Never had a premium to SLV the days of trading the CEF discount/premium are long gone.
 
dpong

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When I was watching #silversqueeze on Twitter in the early days of this thing, they were definitely being directed to SLV over anything else. Secondarily they were directed to AG. But SLV was the main push. This may have changed by now, but that is what I saw in the beginning.

So it would not surprise that SLV outperformed *assuming* that these kids are "in command" of this market. I'm not sure that is even true.
 
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Zed said:
Yeah, not always. Sometimes the US, sometimes Canada, sometimes Aus + one of those. They go where they think they will get the easiest funding I suppose. I think we are tougher on listing requirements than say Canada and your pinks.
Click to expand...
It trades in Canada as NOVO and in US as NSRPF. I believe the headquarters must be in Canada, I'm guessing.
 
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Lancers32 said:
My oldest has to go to England in March along with his wife and 3 kids for his job. 2 week quarantine. Proposed 6 month stay. Hopefully he gets back at all.

https://www.armstrongeconomics.com/...ple-from-traveling-state-to-state-with-fauci/
Click to expand...
~~Snip from a phone call reported at the Armstrong link~~
...“Florida absolutely will not comply,” DeSantis repeated. “Instituting a travel ban or restriction of movement would be a gross example of federal overreach with no grounding in law or science. We have Covid-19 in check, and you’re trying to exert unlawful authority over our state and its people.”

Biden then tacitly threatened to withhold federal funding and to deny Florida access to Covid-19 vaccinations. DeSantis said: “How much do you stand to earn from these vaccines, Dr. Fauci? And, Joe, if you continue with this course of action, I will authorize the state National Guard to protect the movement of Floridians.” Biden responded: “Address me as Mr. President or President Biden.” DeSantis bluntly said: “I will not, and you can go fuck yourself.” DeSantis then hung up...
Click to expand...
I like it! But did this really happen or is Martin just making shit up again?
 
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Not sure if this is the interview but there aren't more than half a dozen Brandt did with Pal. Anyway Brandt says Bitcoin either goes to a million or zero. Brandt commented on Twitter yesterday that he would add more Bitcoin at 44K.

 
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dpong said:
It trades in Canada as NOVO and in US as NSRPF. I believe the headquarters must be in Canada, I'm guessing.
Click to expand...
Yeah, that is a little bit of a red flag for me. Canada is the "wild west" for mining companies IMO.
 
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dpong said:
So it would not surprise that SLV outperformed *assuming* that these kids are "in command" of this market. I'm not sure that is even true.
Click to expand...
True for a brief moment in time.
 
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Lancers32 said:
Nope point is ever since news of this silver squeeze popped up PSLV has been under performing the price of Silver and the pricing of SLV. Up until then it tracked very closely to SLV and the price of Silver. Within a couple hundredths of a % intraday and daily. Curious that the one item which allows for delivery would under perform if there was an imminent default.

The kids never bought it. Never had a premium to SLV the days of trading the CEF discount/premium are long gone.
Click to expand...
I looked around and the kids didn't seem to know that PSLV was a thing and what the difference was to SLV. They are working it out slowly. We assume they know way more than they do, all they know is silver + they want to "stick it to the man"... really it stops about there for most of them.
 
dpong

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Zed said:
Yeah, that is a little bit of a red flag for me. Canada is the "wild west" for mining companies IMO.
Click to expand...
Cultural thing. When you say Wild West to Americans, greater than 50% of us kind of like that. :)
 
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dpong said:
Cultural thing. When you say Wild West to Americans, greater than 50% of us kind of like that. :)
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Sure, but count your fingers after every handshake!
 
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Lancers32

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Zed said:
I looked around and the kids didn't seem to know that PSLV was a thing and what the difference was to SLV. They are working it out slowly. We assume they know way more than they do, all they know is silver + they want to "stick it to the man"... really it stops about there for most of them.
Click to expand...

This has nothing to do with Wall Street Bets or the kids. Something strange is going on.
 
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