Silver Squeeze: Is this the BIG ONE?
Things are heating up – perhaps already Hot?
I do not pretend to understand the Repo market – maybe someone can explain its’ function? But I do understand the dangers of a big short postion in a market. Chairman Powell speaks today – it appears that he is in a damned if you do, damned if you don’t moment re: Central Banking – where if he gives a short term fix to this problem, undesired consequences will evolve – read: huge stimulus to an overbought Stock Market which will crush the Gold and Silver shorts that will tag along for the ride. Or, if he does nothing – the bond market caves creating the biggest financial implosion of all time – short term not as good for Gold and Silver, but say good ‘bye to your stock market for many years. Maybe we do not need Central Banks?
Clif had chosen this time period as a warning:
so we are clear, yes?
The emotional tension level rise that occurs over Mar 4 thru 7 is released on the 9th for about 5 days. Meaning same level of histrionics, just the release evokes different language. Think smashing thumb with car door kind of words & tone.
— clif (@clif_high) March 3, 2021
Have a good day!
I’m inclined to agree with Mike Maloney about timing for a breakout. He thinks we need the ‘tail-wind’ of a crisis to get critical volume of purchasing across a broad base. We’ve seen before that when things get cranking in silver and gold they’re unstoppable. Right now the squeeze probably lacks the sustained long term buying pressure to break the banksters hold. There are always plenty of opportunities for crises including many in the short term. So it is only a matter of time.
Regardless of timing I am all in. As a non US resident (I’m in NZ) I am not restricted to a compulsory retirement savings scheme. My approach for the last 12 years has been to regularly squirrel away physical silver – even through the ‘dark ages’ of the last decade. I have never yet sold an ounce of silver. I think of it less as a trade or investment and more as an untouchable retirement nestegg. And thanks to the banksters continued suppression I’ve managed to accumulate quite a significant amount.
Provide billboards to promote physical silver purchases.
Just a heads up that Clif High is back with more on money with an emphasis on silver.
I don’t think his prediction of a physical shortage this month is likely to pan out (I would expect that if they were in trouble, JPM et. al. would organize a waterfall crash in the paper markets in the hopes of getting their own clients to cough up whatever physical they need rather than just admit defeat at the first moment of trouble).
For those who want a primer on the history of Silver manipulation, this video is closing in on a Chris level of care and detail:
It does run long, but its also pretty solid one-stop shopping.
Effectively Clif High is giving a lesson in what may (should) happen in the very near future – for our education. What many are looking for is a date when that may happen – which is a futile projection in that the Fed is pouring (pumping) money into the market as fast as they can. Why? Because their “book” is the last depression – they don’t want savings to disappear – but what will disappear is the dollar – as in a bad case of shrinkage. That is why you have to have precious metals – you have to get assets out of the banking system’s control. Own assets (title) in your own name. If you have stocks in the bank, they are registrated in the name of your bank (assigned to your account).
I watch the action inter-day every day for gold and silver – their movement versus the SP500. It is somewhat of an advantage looking at this with 6 hours advance on New York. Each and every day that Gold and Silver get a head start for the day on Stocks, you can watch the Central banks (or someone) bring the performance of G&S in line with what the SP is doing. G&S are not allowed to outperform the SP. By New York’s close – everything is in order. So for me Silver Squeeze is all about ending the rigging of these markets – this is not necessary in a free society and does not represent reality. Also, when the rigging no longer becomes possible for lack of physical – then the end will be sudden and definitive. The They are not going to give in before that point IMHO (in my humble opinion). Buy precious metals, be your own Central Bank.
I watched yet another Woo presentation by Clif where he talks about the normies and their way of thinking – which will be challenged by Woo – which could be called results outside the “Norm”.
Then I watched this post – and I apologize to Peak Prosperity for posting it – but it shows what I would call a normie explaining how he has sold all of his miners and gold because of the spike of Real Interest rates which we are now experiencing. He is absolutely right – yet absolutely wrong because when the events start to unfold there will be no Gold or Silver for him to buy until much higher prices are attained to interest some selling by the guys who have put up with the very manipulation that he is talking about. These guys are right-side brain users who have no common sense – anyways I post it here – doom and gloom – yet he thinks he can, at the snap of a finger get himself in a position that took me several years to attain and I still am wondering what I haven’t planned for?
Best wishes to you all!
So, I have physical in possession in oz’s and some “junk” silver. I have PSLV.
To me, the PSLV is convenient, but unable to be “traded” personally, locally. Physical held by me is for that purpose. If I were going to add to my physical, should I add more junk or 1 oz. coins?…or just keep adding to PSLV? Opinions appreciated.
For you crypto holders, I also have Ethereum and am not interested in adding to that position at this point.
Have you guys seen this? It separately charts the cumulative price moves during US vs non-US trading hours. The divergences are extreme, and the “night” price of Silver has gone exponential recently.
MarkM.. I would (and have been myself) add pure Silver coins. Ultimately pure Silver coins are more valuable and liquid because they are pure… in order to be used industrially, junk Silver, 90% or other, needs to be smelted and purified.. energy needs to be put into it. If we expect Silver to become more and more valuable, smaller denomination coins, i.e. 1/2 ouncers, might be nice too. Just my opinion.
Yeah Pento’s logic is impeccable for normal times which means he will be right until he isn’t.
Nothing wrong with using PMs like any other trading vehicle if thats how you swing, but for people looking for tail risk insurance, Pento’s approach garauntees you won’t have PMs with the fat fail event happens.
The woo stuff continues to entertain. Gotta check out Bix Weir. Ive heard the name before but never really looked into him