Recent content by pmbug

Friday is 4th of July holiday here in the USA - markets are closed.

View: https://x.com/pmbug/status/1940362423892095020 View: https://x.com/pmbug/status/1940371113365962902

Choo choo!

Two things: Short term bearish: View: https://x.com/InProved_Metals/status/1935891088222621708 COMEX July silver contract expiration is Wednesday. Mr. Slammy will be trying to hammer the price down for that close. Bullish: View: https://x.com/pmbug/status/1937123115131355304

JP Cortez is a good dude. Mises fellow. I've (DM) chatted with him a few times. He's focused on lobbying efforts to get rid of taxes on gold and silver in (USA) State legislatures. He's not really a market analyst.

An unwinding of the Yen carry trade could force a lot of selling across markets.

Could any of you Aussie peeps clarify this for me? View: https://x.com/pmbug/status/1933504757009666523

View: https://x.com/pmbug/status/1932456694077878733

I made a quick and dirty chart of the global free float from my monthly number crunching since the start of the year:

It's fairly well understood. COMEX gain + LBMA drain started in December and accelerated into January and February with the height of the tariff risk concerns. It was happening with both gold and silver. EFP spreads and borrow rates blew out. SLV London inventory drained of Kazakhstan marked...

Comex took the LBMA's silver in Jan-March.

I've updated my number crunching on the global silver vault totals (and free float estimates) for May: https://www.pmbug.com/threads/silver-demand-drivers-and-vault-totals.6364/post-134362

The fight to bring silver back under $35 for the end of the week close is just getting started. Friday smackdown featuring Mr. Slammy in the spotlight.

Elon and Trump are fighting publicly today - Elon on X and Trump on Truth Social. It's getting ugly... View: https://x.com/pmbug/status/1930713140217671916

$35.58 usd