flower-shilling

Silver Price Watch

Smithys Bullion - FINE GOLD AND SILVER
I can see it dipping down to $29 and possibly high $28's. It would make for a nice correction to the moving average and a rebound on the weekly charts. Next week will be the decider. For anyone looking to load up, this could be your chance.

pmbug said:
$5 difference between China (SGE/SFE) and spot. I really don't see silver going much lower.
Click to expand...
It's crazy how much the those markets are diverging. If they keep climbing like this, the Comex will become redundant! There would actually be incentive to stand for delivery, drain the vaults and ship it to either of these exchanges. It makes you wonder what the F happens then? Would losing control of silver mean they lose control of the metals markets completely? Do you think this could be a broader play here? I mean, it's possible that silver is the key to a shift away from the US dollar. I bet it won't be long before Singapore joins the BRICS Alliance and USD dominance becomes a distant memory.
 
^^^ I look forward to that special day that the USD gets flushed down the toilet.
 
STKR said:
... If they keep climbing like this, the Comex will become redundant! There would actually be incentive to stand for delivery, drain the vaults and ship it to either of these exchanges. It makes you wonder what the F happens then? ...
Click to expand...

a03e101eeade48e1b433b066e0a3b4e5.gif


AFAIK, there is a short list of entities that can ship physical to China to sell on the SGE/SFE and they are already active in exploiting the arbitrage, but yeah, maybe some Comex investors that just continuously roll their contracts will start standing for delivery when the physical scarcity (low vault inventory) becomes more widely understood.
 
The one taking the metals is in tandem with the lowering manipulators.

With rules adapting to every situations, mostly are cash settled or being barred from participation.

Paper market like nickel will face suspension on air anyway.
 
If this candle turns to an empowering bull hammer we have a game on life changer. Oh lord please bring it.
 

Attachments

  • Screenshot_20240606-230010_TradingView.jpg
    Screenshot_20240606-230010_TradingView.jpg
    216.3 KB · Views: 2
Friday night whores are early for the tapdown! Money to be made from these filthy pigs ;)
 
Ties in with some of the information, you speak of STKR...i think you probably have a better idea then most on subject of stockpiles,etc your research and knowledge is impressive as always :) been looking into some trading but so far only junior miners on asx as wall street i believe is only exchange that allows us access to trade "paper"/digital. Im a stacker(amateur one) at best but on fixed income atm so buying and selling Ag companies can mirror price movement as long as good financials and desposits so then can buy more physical, its worked before and worth a lil gamble. Need to learn to read candles,etc been following what u guys say but mostly another foreign alien language ;)
 
Real $ Return said:
Ties in with some of the information, you speak of STKR...i think you probably have a better idea then most on subject of stockpiles,etc your research and knowledge is impressive as always :) been looking into some trading but so far only junior miners on asx as wall street i believe is only exchange that allows us access to trade "paper"/digital. Im a stacker(amateur one) at best but on fixed income atm so buying and selling Ag companies can mirror price movement as long as good financials and desposits so then can buy more physical, its worked before and worth a lil gamble. Need to learn to read candles,etc been following what u guys say but mostly another foreign alien language ;)
Click to expand...

I don't want to offer advice on what to trade and would always encourage you to do your own research, but I have my eyes on First Majestic Silver stock at the moment. Actually, I've just put a position on and if it falls further then I'll place another position later.

The video says we've had deficits since 2019 but we've had deficits going back 40 years that far offset any years of surplus. Look at 10 years from 2009-18. If you factor in the silver that went to ETF's under ETP (Exchange Traded Product) it shows a deficit of over 800 Million Oz's! I'm surprised we never hear any of the Silver channels asking where this silver is coming from or why the government can keep stockpiles secret if it's coming from government sources. The industry should be demanding full disclosure if the stockpiles are going to be used to manage the price, rather than being kept as strategic reserves.

IMG_20240611_181905.jpg
 
I'm surprised we never hear any of the Silver channels asking where this silver is coming from or why the government can keep stockpiles secret if it's coming from government sources.

back in 2014, the first thing got taken out from Ukraine was their gold reserves, big pirate is always busy
can always ask Luffy De Dragon in One Piece
 
You must log in or register to reply here.
Back
Top