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Silver Price Watch

Smithys Bullion - FINE GOLD AND SILVER
Silver Soul said:
From what institution? Have you a link? Proof? You do know that it is not illegal to short ..... just don't get caught with ya pants down.
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Man, you've really misunderstood what I've said. I was just referring to the claim that the short positions don't close, they just get added to and rolled over. I think the claim originated from the Max Keiser times of 'Buy Silver, Crash JP Morgan". That the price of silver would need to make a massive correction before it can rise to new heights, as they would need to close off their short positions.

Of course shorts are legal. I don't know why you felt the need to state that to me.
 
Silver Soul said:
Anyone short at the moment must be bleeding. And will be a bloodbath very soon for them
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From what I have read in the last few weeks, it's now only " JP Morgan & Citi " that are shorting Silver. They are believed to be holding massive short positions, that if called on, could even lead to Bankruptcy ! That would be Very Interesting to see & I think would unleash the price of Silver.
 
Kooka30 said:
From what I have read in the last few weeks, it's now only " JP Morgan & Citi " that are shorting Silver. They are believed to be holding massive short positions, that if called on, could even lead to Bankruptcy ! That would be Very Interesting to see & I think would unleash the price of Silver.
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I do question how much pain they could actually be in if the price went up. All those years of market manipulation and profiting from it, I wonder if it helps prop up their positions. The Silver market is quite small, so there isn't much at risk to manage the price. In 2011 the CFTC changed the rules to limit position sizes for everyone but the commercials who had "bonafide hedge exemptions". This meant they had limited competition on the buying side and were able to place massive short positions without being run out by "speculators".

Technically, the big bullion banks can place positions on behalf of their clients. I think it was the crew at GATA that once speculated that JPM was shorting silver on behalf of the US Government. There have been so many claims about silver and market manipulation in the past, and most of them are unfounded. It's hard to know what to believe, so I just stick with the supply and demand fundamentals - knowing that when we have a real silver shortage (aboveground stocks deplete), all forms of paper manipulation will no longer be possible. The challenge is then knowing how much silver "They" have available to continue. I reckon we have 3 years or less before we see triple digit silver, and the price will be dumped at some point between now and then to allow it to happen.
 
STKR said:
I do question how much pain they could actually be in if the price went up. All those years of market manipulation and profiting from it, I wonder if it helps prop up their positions. The Silver market is quite small, so there isn't much at risk to manage the price. In 2011 the CFTC changed the rules to limit position sizes for everyone but the commercials who had "bonafide hedge exemptions". This meant they had limited competition on the buying side and were able to place massive short positions without being run out by "speculators".

Technically, the big bullion banks can place positions on behalf of their clients. I think it was the crew at GATA that once speculated that JPM was shorting silver on behalf of the US Government. There have been so many claims about silver and market manipulation in the past, and most of them are unfounded. It's hard to know what to believe, so I just stick with the supply and demand fundamentals - knowing that when we have a real silver shortage (aboveground stocks deplete), all forms of paper manipulation will no longer be possible. The challenge is then knowing how much silver "They" have available to continue. I reckon we have 3 years or less before we see triple digit silver, and the price will be dumped at some point between now and then to allow it to happen.
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I would agree with u that 3 years is a very reasonable time frame for the banks to try & get out of their shorts before the supply side issues force their hands.

The 1 " conspiracy theory " that I think has merit, is that the MIC ( military industrial complex ) has a very large stake in the price of Silver. Just 1 example is that Tomahawk/Cruise missiles contains 15 + Kg ( yes, Kilograms ) of silver in each 1. I have seen estimates that the MIC consumes over 200 Million + oz/year of Silver. So a lower price is beneficial to the MIC.

The MIC has vast amounts of money & huge budgets to run. So if some major Banking Institutions were managing those massive MIC budgets, it would not be so hard to believe that those vast amounts of money could be used to help the MIC in purchasing their Silver at the lowest price possible.

1 issue that I know is pure speculation, but the estimate is that over the last 40 + yrs the Pentagon/DoD can't account for an estimated $21 TRILLION dollars. That figure is speculation, but it's a fact that the Pentagon/DoD hasn't past an audit in 7 + yrs & they acknowledge that TRILLIONS of dollar worth of ( supposedly ) purchased equipment ( over that 40 + yrs period ) can't be accounted for.
 
Kooka30 said:
I would agree with u that 3 years is a very reasonable time frame for the banks to try & get out of their shorts before the supply side issues force their hands.

The 1 " conspiracy theory " that I think has merit, is that the MIC ( military industrial complex ) has a very large stake in the price of Silver. Just 1 example is that Tomahawk/Cruise missiles contains 15 + Kg ( yes, Kilograms ) of silver in each 1. I have seen estimates that the MIC consumes over 200 Million + oz/year of Silver. So a lower price is beneficial to the MIC.

The MIC has vast amounts of money & huge budgets to run. So if some major Banking Institutions were managing those massive MIC budgets, it would not be so hard to believe that those vast amounts of money could be used to help the MIC in purchasing their Silver at the lowest price possible.

1 issue that I know is pure speculation, but the estimate is that over the last 40 + yrs the Pentagon/DoD can't account for an estimated $21 TRILLION dollars. That figure is speculation, but it's a fact that the Pentagon/DoD hasn't past an audit in 7 + yrs & they acknowledge that TRILLIONS of dollar worth of ( supposedly ) purchased equipment ( over that 40 + yrs period ) can't be accounted for.
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A few pages back in this thread has covered a bit of the MIC silver consumption. I have never seen any evidence for 500ozs or 15kg of silver used in a cruise missile, or any other missile for that. But the MIC would consume a decent amount of silver, whether it be directly or indirectly. The team at the 'Silver Academy' were meant to do a report that outlined the MIC consumption but that kind of fizzled out. If you can dig up any information on this, that would be appreciated.

It would appear that The Silver Institute is a captured entity that intentionally under reports or completely disregards certain demand fields. It's just a shame that's all we have to work with... But either way, the supply and demand fundamentals are still very grim with a 200Moz deficit.
 
Me flying my silver home.

Extra Terrestrial Moon GIF by PeacockTV
 
STKR said:
A few pages back in this thread has covered a bit of the MIC silver consumption. I have never seen any evidence for 500ozs or 15kg of silver used in a cruise missile, or any other missile for that. But the MIC would consume a decent amount of silver, whether it be directly or indirectly. The team at the 'Silver Academy' were meant to do a report that outlined the MIC consumption but that kind of fizzled out. If you can dig up any information on this, that would be appreciated.

It would appear that The Silver Institute is a captured entity that intentionally under reports or completely disregards certain demand fields. It's just a shame that's all we have to work with... But either way, the supply and demand fundamentals are still very grim with a 200Moz deficit.
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I get some good info from - www.GATA.org - they provide a lot of reports & info on Gold/Silver & they always give the sources of their reporting.
 
STKR said:
Do they have info pertaining to the MIC and consumption of silver in missiles?
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I'm not sure where I read about the supposed 15 Kg of Silver per missile. it wasn't that long ago, maybe a month or 2. I don't find it hard to believe though.

Silver is the absolute best material for advance electronics. In the right enviro it won't corrode & is the fastest transmission for elect & data. Fiber optic is faster but way to fragile for missile use. I have read that some of the latest advanced missiles can pull an evasive maneuver approaching 60 g. That is massive force.

Given the size of some of these missiles & that they are PACKED with electronics, I don't find 15 Kg to be totally unbelievable. But I am talking about the largest & most advance missiles. Smaller & older missile technology would certainly have much less. But even the latest US advanced Artillery Shells are packed with electronics for control/guidance/sensors. Silver is apparently the best material. U would think copper would be ok, but it seems that elect/data transmission is slower, but given the speeds/performance required from these advanced weapons that small elect/data transmission lag is enough that Silver is mandatory.

With the amount of advanced electronics in modern military equipment ( planes, tanks, ships, drones, communications & even the gear an ordinary foot soldier now carries ) the MIC consumption must be very large. If the consumption amounts are near or over 200 million oz/year, every $ on an oz would make a difference.
 
Yes, you are correct about the silver consumption in the cruise missiles, except it is not 15 kg of its total mass, but more in the area of 16kg. Cruise missiles are old technology.
 
STKR said:
Do they have info pertaining to the MIC and consumption of silver in missiles?
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Hi STKR, I did find this doing a bit of searching. It's not the article that I initially read but it does match what info I read in a previous article.

www.slashgear.com

Why Tomahawk Missiles Use Silver (And How Much They Contain) - SlashGear

Tomahawk missiles are some of the most advanced military technology in the world, and they require up to 500 ounces of silver to optimize their tech.
www.slashgear.com www.slashgear.com

Again, all of these are speculative, but over time & with some leaks here & there, certain aspects of military specifications do leak out & accumulate over time.

Just 1 more little piece to a very complex puzzle :cool:
 
Silver Soul said:
Yes, you are correct about the silver consumption in the cruise missiles, except it is not 15 kg of its total mass, but more in the area of 16kg. Cruise missiles are old technology.
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Hi Silver Soul, I just came across this article. Not the 1 I initially read but does match up with what I had read previously.

Over time little snippets of info do leak out from the MIC ( Military Industrial Complex ) over a period of time ( often years ) these small bits of info accumulate & a picture of what is involved/happening appears.

I'm not saying they are 100% correct, but they do add to the overall knowledge base
 
For sure. But this is old news.
Sorry. I must tell myself to stop being an idiot with decades of knowledge and listen to the new.
 
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Kooka30 said:
Hi STKR, I did find this doing a bit of searching. It's not the article that I initially read but it does match what info I read in a previous article.

www.slashgear.com

Why Tomahawk Missiles Use Silver (And How Much They Contain) - SlashGear

Tomahawk missiles are some of the most advanced military technology in the world, and they require up to 500 ounces of silver to optimize their tech.
www.slashgear.com www.slashgear.com

Again, all of these are speculative, but over time & with some leaks here & there, certain aspects of military specifications do leak out & accumulate over time.

Just 1 more little piece to a very complex puzzle :cool:
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I posted this not that long ago from CPM Group.

Silver Price Watch

paying for service to manage prices
silveroos.com silveroos.com
 
Silver Soul said:
For sure. But this is old news.
Sorry. I must tell myself to stop being an idiot with decades of knowledge and listen to the new.
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I agree totally. Old news. But old news adds to the totality of info that accumulates. Knowledges is about building on a foundation. But every time u find some rot in the foundation u have to dig it out & replace it with new knowledge.

This is an ongoing & never ending process. I have been wrong so many times. But I don't let it suppress me. I change with the new & move forward. Being wrong is not the end. It's just a chance to update & move forward.

The key is to acknowledge that u are wrong. Accept the new knowledge. Integrate the new knowledge & update urself.
 
Damn, life is hard.

But u have to live it or u perish. I'm 63 yrs. Sadly a lot of friends have perished along the way.

But I take on that challenge every morning when I wake up. Little things can help along the way.

I have found " Silveroos " I'm happy about that. Hopefully I can make a friend or 2. Gold/Silver is a great topic. I love it. I just hope that we all continue to prosper & have some happiness in our lives.

But I do fear that some darker times are approaching. Connecting with fellow/friends can be helpful.

Kooka30
 
Kooka30 said:
I agree totally. Old news. But old news adds to the totality of info that accumulates. Knowledges is about building on a foundation. But every time u find some rot in the foundation u have to dig it out & replace it with new knowledge.

This is an ongoing & never ending process. I have been wrong so many times. But I don't let it suppress me. I change with the new & move forward. Being wrong is not the end. It's just a chance to update & move forward.

The key is to acknowledge that u are wrong. Accept the new knowledge. Integrate the new knowledge & update urself.
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This is the exact approach I like to take. Recognising your biases and how it impacts your world view is also important. Most of the time we believe things but don't actually know. I like to keep an open mind to all possibilities but apply logic and reason to reach probable conclusions. We don't know what we don't know.
 
STKR said:
This is the exact approach I like to take. Recognising your biases and how it impacts your world view is also important. Most of the time we believe things but don't actually know. I like to keep an open mind to all possibilities but apply logic and reason to reach probable conclusions. We don't know what we don't know.
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" We don't know what we don't know ". So true. If u can recognize that u don't know everything & pull back, maybe, just maybe, u won't get sucked down with the crowd.

I don't know what is coming. But I have some Gold/Silver to hopefully make it to the other side of the CHAOS that is barreling towards us.

😞
 
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