Recent content by pmbug

View: https://www.youtube.com/watch?v=FG1NrQYXjLU

Are you talking to me? I think the physical market, which underpins the paper markets, is getting very tight. I don't believe that the LBMA has much free float left. As such, the paper markets are getting closer to a real squeeze. I don't think there is a lot of runway for actors to short...

View: https://x.com/pmbug/status/1950176223335764042

I'm wondering how much free float is left in London. SLV has added a massive 500 metric tons to their London holdings over the last two days (reducing LBMA's free float). COMEX has also been adding to their vault stock. PSLV recently added ~80 metric tons to their vaults. All that silver has...

View: https://x.com/pmbug/status/1945960731381256527

China (SFE/SGE) seems to be holding the line. NYC/London appear to be trying to entertain Mr. Slammy.

You can see the CFTC's Commitment of Traders (COT) report here: https://www.cftc.gov/dea/futures/other_lf.htm Scroll down a little bit to find the Silver data. In the table, you can see the long and short positions for Swap dealers. I see 80,128 short and 27,804 long for a net short position...

For me, I think party time will be closer at around USD$360/toz.

No lube at all.

Rubs me the wrong way when I see folks on X ripping off other people's work and posting it as if it were their own. Here's the original author's tweet: View: https://x.com/pmbug/status/1943604993182892209

View: https://x.com/pmbug/status/1943741715338154097

The journey of a thousand new highs begins with a single squeeze. - Ag Tzu

View: https://x.com/pmbug/status/1943604993182892209

Bill rate <> earn rate