The recent silver market

[emeryjre]

Should have "locked in the profits'

View attachment 121342

Makes you wonder
who was selling into this rally as they "talked up their position"

 

[TolmiePeak]

Makes you wonder
who was selling into this rally as they "talked up their position"

I moving to a more stable asset like BitCoin.

 

[emeryjre]

I moving to a more stable asset like BitCoin.

I am thinking about creating my own memecoin
$FLEECE

 

[TolmiePeak]

I am thinking about creating my own memecoin
$FLEECE

Put "In Carolinian we Trust" on your memecoin.....

 

[emeryjre]

Put "In Carolinian we Trust" on your memecoin.....

That is not very nice
He is probably not feeling real chipper right now

 

[TolmiePeak]

That is not very nice
He is probably not feeling real chipper right now

He posted 300+ holier than thou messages on this thread. He deserves every bit of derision that we can dish out.

 

[ScoopKona]

He posted 300+ holier than thou messages on this thread. He deserves every bit of derision that we can dish out.

It's not his fault that you CLEARLY don't understand Eastern European economic theory.

"In Soviet Russia, silver buys you!"

On the bright side, antebellum southern plantation houses are going to go on deep, deep discount. If you can stand to live in one.

On a serious note, the 35% plunge is the largest in history -- SO FAR. I think we have further to go. Other than a couple Atocha coins that Mel Fisher gave me, I have no position in silver. So I have no dog in this fight. But any time life handed me precious metals, I sold them straight away at whatever the market happened to be and put that money into something useful.

 

[emeryjre]

He posted 300+ holier than thou messages on this thread. He deserves every bit of derision that we can dish out.

He and I go back to before the Covid Wars
Before you were a member here
He is who he is
I won’t make it personal
Besides when I talk about about a meme coin
He has no idea what I am talking about

 

[n42]

I was surprised to learn that China’s national debt has ballooned to nearly $20 trillion.

 

[Brett]

I was surprised to learn that China’s national debt has ballooned to nearly $20 trillion.

I'm surprised the price of silver correlates with country debt but apparently it does a little - except for a the last few days
Thankfully the stock market, and bond market and real estate do not correlate with China debt or any countries' debt

 

[TolmiePeak]

He and I go back to before the Covid Wars
Before you were a member here
He is who he is
I won’t make it personal
Besides when I talk about about a meme coin
He has no idea what I am talking about

Wouldn't you want to do battle using Sun Tsu's timeless strategies from Art of War? Never get soft and if you have the opportunity you should destroy your enemy.

 

[emeryjre]

I do not consider him my enemy
He is somebody I disagree with
I disagree with a lot
But he is not the enemy

 

[Ralph Sir Edward]

I do not consider him my enemy
He is somebody I disagree with
I disagree with a lot
But he is not the enemy

"There is no good guy.
There is no bad guy,
There's only you and me
And we just disagree."

Steve Winwood

 

[TolmiePeak]

I do not consider him my enemy
He is somebody I disagree with
I disagree with a lot
But he is not the enemy

You are absolutely correct. My post was just a weak attempt to channel my inner Carolina and stir up trouble when peace and calm is all we really need.

 

[emeryjre]

You are absolutely correct. My post was just a weak attempt to channel my inner Carolina and stir up trouble when peace and calm is all we really need.

If you want to stir up s**t
Get a free Twitter Account
Fake name is best
You can find many real A**holes
Real disgusting bots
Have at ‘em until you’re worn out
It is the reason Twitter exist

 

[dagger1]

If they were, it might be harder to get a decent red season reservation.

Brett, we all know you use a long run game investing strategy which is common and works well for the most part until it doesn't. Some of us are only looking for the nut, with the nut often being an under appreciated, over looked and potentially highly profitable item. This also works well until it doesn't.

Bill

Hahaha!!!

 

[Carolinian]

I have been watching a number of sources on what triggered this situation, and many point to a series of odd "coincidences". European sources report that it is hard to find silver available for sale in Europe, and US dealers have been reporting huge demand to take advantage of the low prices. The difference in prices in Asia has been commented on previously, so I found this video put up today on current prices of silver in China compared to US paper market prices interesting:

 

[PigsDad]

Gold and Silver are still dropping like a rock today.

Kurt

 

[emeryjre]

I have been watching a number of sources on what triggered this situation, and many point to a series of odd "coincidences". European sources report that it is hard to find silver available for sale in Europe, and US dealers have been reporting huge demand to take advantage of the low prices. The difference in prices in Asia has been commented on previously, so I found this video put up today on current prices of silver in China compared to US paper market prices interesting:

You're a sucker for click bait conspiracy theories
In international markets moving at the speed of electrons
These so-called price differentials are perfect opportunities for arbitrage
Buy cheap at one market
Sell it at the higher at the other market

The "high demand" for silver today is certainly finding willing sellers

 

[Carolinian]

The expert I value most puts up his analysis every Friday, so I am waiting on his take, but I am seeing quite a few folks out with an analysis that combines the failure of a Chicago bank Friday that had a big underwater short position in silver, the underwater short positions of a very major bank that coincidentally rinsed that position at the very low point on Friday, the fact that Friday was "mark to market" day for banks, some suspicious margin hikes that caused cascading forced selling by the Comex, and some other factors.

It has also been pointed out that every major silver sell off in the past has been triggered by suspicious rules changes by the exchanges. One major bullion bank has been fined heavily in the past for manipulating the silver market. I hope that there will be a very thorough investigation of what happened on this occaision.

The paper market is a tail that has wagged the physical bullion market too many times in the past, and that is where prices can be manipulated. But this may correct itself. The COMEX and LBMA have only a small fraction of actual metal to back up their paper contracts, and in recent months, more and more contract holders are standing for delivery instead of cash settling, and they are draining the vaults. Crashing the market price will make it even more attractive for contract holders to stand for delivery and hopefully totally drain their vaults so that the paper gold and silver markets are put out of business for good.

Here is one example of many that are making the points about market manipulation on Friday:

 

[Carolinian]

You're a sucker for click bait conspiracy theories
In international markets moving at the speed of electrons
These so-called price differentials are perfect opportunities for arbitrage
Buy cheap at one market
Sell it at the higher at the other market

The "high demand" for silver today is certainly finding willing sellers

That is exactly what has been happening at the vaults of both Comex and the LBMA, as more contract holders stand for delivery, instead of cash settling, and the metal moves to Asia. Hopefully, that will put these corrupt paper silver and paper gold operations out of business for good as the thin vaneer of actual silver backing their paper contracts disappears out the back door. Unfortunately, China has been taking advantage of the Comex system to drain precious metals from America at cheap prices.

For those of us who don't plan to sell anytime soon, this is a buying opportunity when the Comex manipulated this price pullback, and I have taken advantage of it to pull the trigger on some more gold while it is cheap, US Liberty pre-1933 coins. A lot of things I normally buy like German 20 marks and British sovereigns were out of stock, something that rarely happens. Even Swiss 20 francs were hard to find. Silver is back up over $88 this morning, and the highest priced silver I own I bought December 31 at about $71 (that is other than a roll of halves I bought for my wife for Valentines Day)

Who got screwed were the speculator longs who operate on margins. They were victims of forced selling as Comex kept raising margin requirements to rinse them out of the market. Who came out on top were the big bullion banks who were deeply underwater in short silver positions into rapidly rising prices. They can take positions without having to put up collateral. One small bank failed due to its short silver positions, and some of the big bullion banks would have been in trouble if they had had to mark to market on January 31 at the high price level. Some may believe in coincidence theory that these things always seem to happen at the end of the month on mark to market day which protects the big bullion banks with short positions.

While this was a gift horse to physical metal holders who do not plan to sell anytime soon, since it gave us a great buying opportunity as the Comex saved the bacon for the big bullion banks, the leveraged speculators who got rinsed are just screwed. They have lost money big time and there is no upside for them. I would hope some of them start rattling cages with government agencies for a thorough investigation on Silvergate. One of the big bullion banks was heavily fined in the past for ;manipulation of the silver market with paper contracts. This time, it might be better to seek criminal prosecutions and jail time for corporate officials involved, either at the banks or at the Comex or both. That might get their attention more than fines.

This is not the first time the Comex has manipulated the silver market by a sudden change of rules. They ended the Hunt Brothers effort to corner the silver market by several rule changes that included making their platform "sell only" for silver instead of a buying and selling platform. The Comex needs to be either more heavily regulated on changing its rules in the middle of the game, or in the alternative to make it easier to sue them when they play these games.

Another oddity in this process is that the Comex is supposed to have a "circuit breaker" that stops trading when a market moves 10% but the silver market was allowed to move 35% without the circuit breaker being deployed. I wonder if the leveraged long speculators who were rinsed might have a lawsuit there.

In times past, they could kill the market for extended periods this way, but this time the market fundamentals will not allow that to happen. They can print all the paper contracts they want, but they cannot print actual silver.

'Rock Now Beats Paper': Making Sense Of "Silver Friday's" Utterly Rigged Nonsense | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[Ralph Sir Edward]

I will note (as of 9:12 AM EST) that there has been no follow through with Friday's crash. COMEX gold is $4949/OZ and Silver is $87.84 (and copper is back above $6).

 

[Brett]

https://www.wsj.com/livecoverage/st...cXVvHBvjC7oGmtKwx-UriP9lu_gAIzL5VZQwp7UrUNQ==


"From mid-December to mid January, individual investors poured nearly $1 billion into silver-linked ETFs, the heaviest 30-day buying period in history"

"silver would still need to rise above $200 an ounce to threaten its inflation-adjusted 1980 high"

 

[Carolinian]

View attachment 121535

https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-02-02-2026/card/inside-the-wild-ride-on-metal-prices-Yls6INJeTy9on6Zx8qhV?gaa_at=eafs&gaa_n=AWEtsqfe4japsRQ2ODdqHRZc2V4z-hUnIiuWaU4SmkNzvib0qFP53ziQ73XP&gaa_ts=69820e28&gaa_sig=KsWCDx-bI1IrffNYVKeDKNnNxKktIBzDOIPkbu8SdsZcXVvHBvjC7oGmtKwx-UriP9lu_gAIzL5VZQwp7UrUNQ==


"From mid-December to mid January, individual investors poured nearly $1 billion into silver-linked ETFs, the heaviest 30-day buying period in history"

"silver would still need to rise above $200 an ounce to threaten its inflation-adjusted 1980 high"

What is really curious is that the SLV ETF, which is controlled by the big bullion bank most at risk from massive short positions on silver, did very heavy shorting of silver on Friday. Did they have the inside scoop on what was afoot? Or were they part of the game to crash silver? On the gold and silver markets the "mark to market" days at the end of the month are always the ones to watch for funny business. We have just had two of them in a row that have raised eyebrows. Another time that funny business often occurs are the thinly traded Sunday evening bullion markets and in holiday periods.

It is also interesting that Tether, the stablecoin issuer, is amassing huge gold reserves stored in Switzerland. In Q3 of last year, they bought more gold than any one central bank.

The silver price is overall up almost 15% over the last 30 days, including both the ups and downs. The big bullion banks have been bailed out on their bad bets and now the market is moving upward again.

 

[emeryjre]

The people you listen to love to talk conspiracy
If they spent time understanding how the futures markets work
If YOU spent time understanding the futures market
you would have a much better understanding of what happened on Jan 29 and Jan 30
YOU could have made MILLIONS
in hindsight the tells were there to signal a selloff
I would bet that some big silver dealers who deal in the actual
Made a once in a generation FORTUNE
For example:
The silver market does not have fixed percentage bands working as circuit breakers to halt trading
Many other markets do
Just one fact that your analysis ignores