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    STOCK WARS! The People Rise Up Against Wall Street

    Reddit turns the tables on the big hedge funds
    by Adam Taggart

    Friday, January 29, 2021, 9:23 AM

An epic David-vs-Goliath battle has erupted on Wall Street.

And it may just change the future of investing, helping to tilt the playing field away from the huge unfair advantage the banking cartel has enjoyed for decades.

In case you’ve been sleeping under a rock for the past week: millions of individual investors have banded together using Reddit chat boards, Twitter and other forms of social media to wage concentrated attacks against large hedge funds who were recklessly (and possibly illegally) over-shorting the stocks of weak companies.

This has resulted in a series of “Infinite Short Squeezes” that has rocketed the prices of previously-troubled stocks like GameStop (GME) and AMC Entertainment Holdings (AMC) by thousands of percent over the past two weeks, creating massive losses for the over-exposed hedge funds — a number of whom now find themselves at risk of insolvency from the damage.

Famed researcher Jim Bianco joins us this week to break down exactly what’s going on here, which is a much bigger story than just the recent crazy price action. The Wall Street model is becoming disrupted by new technologies and an emerging collective ‘people power’ that threaten to strip the banking cartel of the unfair power it wields. And rather than lean into the change and evolve its model, the cartel is stubbornly resisting and instead trying to crush the agents of change.

We have seen this desperate denial from a dying regime many times throughout history, and it always ends the same. We only need look at how the taxi medallion cartel failed to stop the Uber/Lyft rideshare model for a recent example.

Of course, this breakout of hostilities only adds to the volatility of a market tenuously holding on to the highest asset price valuations on record. Will the turbulence act as a catalyst to the massive correction more and more veteran experts are predicting?

Which is why now, more than ever, is the time to partner with a financial advisor who understands the nature of the risks and opportunities in play, can craft an appropriate portfolio strategy for you given your needs, and apply sound risk management protection where appropriate:

 [ Watch & Download This Video on Vimeo ]

Anyone interested in scheduling a free consultation and portfolio review with Mike Preston and John Llodra and their team at New Harbor Financial can do so by clicking here.

And if you’re one of the many readers brand new to Peak Prosperity over the past few months, we strongly urge you get your financial situation in order in parallel with your ongoing physical resilience preparations.

We recommend you do so in partnership with a professional financial advisor who understands the macro risks to the market that we discuss on this website. If you’ve already got one, great.

But if not, consider talking to the team at New Harbor. We’ve set up this ‘free consultation’ relationship with them to help folks exactly like you.

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110 Comments

  • Fri, Jan 29, 2021 - 11:04am

    #1
    ds24

    ds24

    Status: Member

    Joined: Dec 02 2010

    Posts: 19

    2

    The Details Underlying this Story are Important

    I love this story. However, upon digging into it, I found that the People Rising Up narrative is covering up a more complex story. See how Wall Street Dark Pools are much more likely to be moving the markets than Reddit:

    Dark Pools Owned by Goldman Sachs, JPMorgan, UBS, et al, Have Made Tens of Thousands of Trades

    Here's a deep explanation of the mechanics of short selling and options that deflates the Rising Up narrative.

    For more fun with the narrative, though, Matt Taibbi wrote a great article, Suck It, Wall StreetAOC interviewed Alexis Goldstein of Occupy Wall Street fame, as well as Alexis Ohanian, a founder of Reddit and the Stock Guy. They go deep into the political implications of the Rising Up. It's inspiring!

    A entirely different and much more important angle for PP subscribers: Silver Surges as GameStop Day Traders Move Into Other Assets

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  • Fri, Jan 29, 2021 - 11:19am

    #2
    brushhog

    brushhog

    Status: Bronze Member

    Joined: Oct 06 2015

    Posts: 204

    11

    Im sitting this one out

    Alot of people I know are buying these shorted companies with both hands. Frankly the whole thing stinks. With a market at record highs, political turmoil, and an economic class war waging within the markets themselves....probably not a market the average joe wants any part of.

    Give me a call when they reinstate glass steagle, break up the tech monopolies, and reign in the fed...[.until then I'll be in cash, gold, and rural land ]....... in other words, NEVER.

    PS..I just read that "Robinhood" app has limited the purchase of GME stock to 2 shares!! LOL!

    In new soviet America Robin Hood robs YOU!

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  • Fri, Jan 29, 2021 - 11:56am

    #3
    Mysterymet

    Mysterymet

    Status: Bronze Member

    Joined: May 23 2020

    Posts: 169

    6

    Sitting back with my popcorn

    I am not a fan of hedge funds so I enjoying watching one get squeezed.

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  • Fri, Jan 29, 2021 - 12:07pm

    #4
    nedyne

    nedyne

    Status: Bronze Member

    Joined: Jan 14 2012

    Posts: 88

    2

    It's a bubble.

    Guys, it's a BUBBLE. GameStop was $17.25 at the start of the year, and it increased more than 20x in a few days on no good fundamental news (or at least nothing to justify a 20x increase), because a bunch of people with no understanding of the history of financial bubbles, decided to band together and bid up the stock to the moon. If you don't see this as a glaring bubble, then I don't know what to say. A lot of people are going to lose their shirts here, and it's going to be the Reddit crowd. (And what's wrong about CNBC talking down to those people? They really don't know what they are doing.)
    I listened to half of the podcast and it's just painful to hear how the narrative of David vs Goliath doesn't allow Jim to see the most obvious facts here.

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  • Fri, Jan 29, 2021 - 12:10pm

    #5

    Montana Native

    Status: Bronze Member

    Joined: Mar 17 2009

    Posts: 151

    5

    Reddit Army and the big money following it

    I just hope Silver comes fully into their crosshairs. If coinbase sold Dogecoin, I was actually going to by a couple hundred bucks worth for fun. It's an unlimited coin that went from 1 to 5 cents in basically a day or two. If Silver comes into view and the dark pool money follows we might have a few new millionaires on this site. Nice for it to finally be exciting as a silver investor. When Bitcoin finally passed 20K I was so excited and then it basically doubled the old high. I like the sound of $100 silver. We'll see if it pans out....

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  • Fri, Jan 29, 2021 - 12:13pm

    #6

    robshepler

    Status: Silver Member

    Joined: Apr 16 2010

    Posts: 187

    3

    Great timing Adam

    What a wonderful interview, nice job!

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  • Fri, Jan 29, 2021 - 1:06pm

    #7
    agitating prop

    agitating prop

    Status: Gold Member

    Joined: May 28 2009

    Posts: 673

    4

    Nice idea

    Love the idea of hedge funds getting hammered. So unfair and unscrupulous, how they have been operating.

    The SEC will regulate social media to prevent this from happening again, on a public forum. There's nothing stopping the same people who ran the stock up, after it was over shorted, from getting together on a forum with private messaging. I don't think reddit has that feature, but not sure.

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  • Fri, Jan 29, 2021 - 1:46pm

    #8

    Montana Native

    Status: Bronze Member

    Joined: Mar 17 2009

    Posts: 151

    3

    This is what I want......too the moon, lol

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  • Fri, Jan 29, 2021 - 2:34pm

    #9
    FooBarr

    FooBarr

    Status: Member

    Joined: Oct 21 2010

    Posts: 89

    3

    Soo..... if WSB moves to raiding AG paper....then what's you's smart-types target price for selling physical?

    I'm thinking it time to start cracking open them rolls of maple leafs out in the root cellar and selling them 5 at a time on eBay.   I'm wondering what would be a good $/oz target price to start?  $35-50-75?

    The cash will come in handy as I'll be tractor shopping in a couple of months anyway.

    FarmAll anyone?

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  • Fri, Jan 29, 2021 - 5:19pm

    Kathy

    Kathy

    Status: Bronze Member

    Joined: Feb 21 2020

    Posts: 100

    15

    Kathy said:

    The Reddit guy is going to lose $100 bucks.  He doesn’t care.  The hedge fund is going bankrupt.

    This wasn’t about the Reddit guys making money, it was about the millions of Robinhood kids (unemployed millennials, with student loan debt from worthless college degrees forced out of their jobs to protect the old people from the virus, entertaining themselves by gambling on the stock market) protesting the hedge funds.   These are the young people that saved up their allowance to go to GameStop to get the latest game and this hedge fund betting on its failure.

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  • Fri, Jan 29, 2021 - 5:20pm

    #11

    pinecarr

    Status: Gold Member

    Joined: Apr 13 2008

    Posts: 1237

    1

    First GameStop, Next...Silver? - Mike Maloney & Jeff Clark

    Mike Maloney and Jeff Clark also have a video on this story (love the picture of the little fish eating the sharks!)

    Something in the financial Universe just broke…

    In tonight’s must-watch update, Jeff Clark relays many of your questions from today including: “Mike, what's your reaction to the Reddit community taking on silver and driving the price higher?”, “Do you see this rise in price as sustainable?”, and “What are the advantages and disadvantages of what's happened?

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  • Fri, Jan 29, 2021 - 5:44pm

    #12

    pinecarr

    Status: Gold Member

    Joined: Apr 13 2008

    Posts: 1237

    1

    Chamath Palihapitiya: GameStop Story is pushback against Wall Street Establishment

    I clicked the link from Mike Maloney's video to the "must watch" CNBC interview with Chamath Palihapitiya that Mike recommended people listen to.  Unfortunately, I found the video had been taken down from youtube with the message: "Video unavailable

    This video contains content from NBC Universal, who has blocked it in your country on copyright grounds."

    So here is another interview I found with Chamath on the same subject; I'm not sure if this is the same one Mike pointed to though:

    https://www.cnbc.com/2021/01/27/chamath-palihapitiya-closes-gamestop-position-but-defends-individual-investors-right-to.html

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  • Fri, Jan 29, 2021 - 6:06pm

    agitating prop

    agitating prop

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    Joined: May 28 2009

    Posts: 673

    0

    perfectly on point!

    Beautiful Kathy.  Thank you!

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  • Fri, Jan 29, 2021 - 6:12pm

    agitating prop

    agitating prop

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    Posts: 673

    0

    agitating prop said:

    Ds24,

    The timing of this particular squeeze indicates it was Robinhood redditers.

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  • Fri, Jan 29, 2021 - 7:15pm

    #15
    LyingEyes

    LyingEyes

    Status: Member

    Joined: Dec 16 2020

    Posts: 9

    0

    Naked Shorts

    The idea that the short interest in GME was at one point 140% of the float seems at first blush to be nuts. But can't a single share be shorted multiple times? If I barrow then sell a share doesn't that share become eligible to shorted again by the new owner? What am I missing here?

     

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  • Fri, Jan 29, 2021 - 7:27pm

    SunFarmer

    SunFarmer

    Status: Member

    Joined: Mar 07 2019

    Posts: 30

    1

    Will this work?

    Does anyone actually KNOW what the Physical to Paper ratio is for SLV ??

    WSB  strategy A is to exit Exit GME @ $1000  and pile into SLV!

    Max Keiser talked about  this a decade ago ...  we know how much he loves Jamie Diamond

    The other post about SLV is absolutely correct. Silver is by far the most manipulated market in the world. JPM just paid $1 billion fine for their manipulation and they brushed it off and kept doing it. The other post didn’t say how to cause the squeeze, here’s how to play it from wallstreetbets

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  • Sat, Jan 30, 2021 - 12:00am

    #17

    davefairtex

    Status: Member

    Joined: Sep 03 2008

    Posts: 2337

    14

    white supremacist nazi domestic terrorists oppress helpless hedge funds

    That's the CNN headline I'm waiting to see next.

    I think its long past time for Reddit to deplatform these white supremacist nazis.  Because, market stability.  Free markets.  Racial justice.  White fragility.  Any bets on what narrative that The Biden Donors will to justify their latest repression of the plebes?

    [And - hey, did you know, Janet Yellen is our first female Treasury Secretary?  The Biden Donors are so woke!  They have a female shilling for Wall Street, instead of a male!  My goodness, that should make all the corruption feel so much better.]

    Of course, RobinHood's customers aren't the traders - they're the hedge funds, who have purchased the "order flow data" that RobinHood packages up and sells them.  So they'd better do the bidding of the hedgies, or else they're outta business.

    The mainstream narrative: "If the hedge fund wins, they were smart.  If the hedge fund loses - BAIL ME OUT NOW and SHUT DOWN MY OPPOSITION!"

    Saw this article in my trading app:

    Robinhood added additional restrictions to trades on its platform late Friday.

    The list of stocks that now have limited restrictions has climbed to 50, according to CNBC. Here is a look at the 50 stocks with restrictions on Robinhood and the current limit on the number of shares and options you can purchase.

      • American Airlines Group Inc (NASDAQ:AAL): 1 share, 10 options
      • Aurora Cannabis (NYSE:ACB): 1 share, standard limits
      • First Majestic Silver Corp (NYSE:AG): 1 share, standard limits
      • AMC Entertainment (NYSE:AMC): 1 share, 10 options
      • Advanced Micro Devices Inc (NASDAQ:AMD): 1 share, standard limits
      • BlackBerry Ltd (NYSE:BB): 1 share, 10 options
      • Bed Bath & Beyond Inc (NASDAQ:BBBY): 1 share, 10 options
      • BYD Co (OTC:BYDDY): 1 share
      • Beyond Meat (NASDAQ:BYND): 1 share, standard limits
      • Churchill Capital Corp IV (NYSE:CCIV): 1 share, standard limits
      • Clover Health (NASDAQ:CLOV) 1 share, standard limits
      • Curis (NASDAQ:CRIS): 1 share, standard limits
      • Castor Maritime Inc (NASDAQ:CTRM): 5 shares
      • Express Inc (NYSE:EXPR): 5 shares, 10 options
      • EZGO Technologies (NASDAQ:EZGO): 5 share
      • General Motors Corporation (NYSE:GM): 1 share, standard limits
      • GameStop Corp: 1 share, 5 options
      • Gran Tierra Energy (NYSE:GTE): 5 share, standard limits
      • Hims & Hers Health (NYSE:HIMS): 1 share, standard limits
      • Inovio Pharmaceuticals Inc (NASDAQ:INO): 1 share, standard limits
      • Social Capital Hedosophia Holdings Corp V (NYSE:IPOE): 1 share, standard limits
      • Social Capital Hedosophia Holdings Corp VI (NYSE:IPOF): 1 share, standard limits
      • Jaguar Health Inc (NASDAQ:JAGX): 5 share, standard limits
      • Koss Corp (NASDAQ:KOSS): 1 share
      • Lianluo Smart (NASDAQ:LLIT): 5 share
      • Moderna Inc (NASDAQ:MRNA): 1 share, standard limits
      • Naked Brands Group (NASDAQ:NAKD): 5 shares
      • The9 Ltd (NASDAQ:NCTY): 1 share
      • Nokia Oyj (NYSE:NOK): 5 shares, 10 options
      • Novavax Inc (NASDAQ:NVAX): 1 share, standard limits
      • Opendoor Technologies Inc (NASDAQ:OPEN): 1 share, standard limits
      • Rocket Companies Inc (NYSE:RKT): 1 share, standard limits
      • RLX Technology (NYSE:RLX): 1 share, standard limits
      • Rolls-Royce Holdings (OTC:RYCEY): 5 shares, standard limits
      • Starbucks Corp (NASDAQ:SBUX): 1 share, standard limits
      • Shoals Technologies Group (NASDAQ:SHLS): 1 share
      • Siebert Financial Corp (NASDAQ:SIEB): 1 share, standard limits
      • iShares Silver Trust (NYSE:SLV): 1 share, standard limits
      • Sundial Growers Inc (NASDAQ:SNDL): 5 shares, 10 options
      • Direxion Daily Semiconductor Bull 3x Shares (NYSE:SOXL): 1 share, standard limits
      • Sorrento Therapeutics Inc (NASDAQ:SRNE): 1 share, standard limits
      • Star Peak Energy Transition Corp (NYSE:STPK): 1 share, standard limits
      • Tengasco (NYSE:TGC): 5 shares
      • Tian Ruixiang Holdings (NASDAQ:TIRX): 1 share
      • Tootsie Roll Industries (NYSE:TR): 1 share, 10 options
      • Trivago (NASDAQ:TRVG): 55 shares, 10 options
      • Workhorse Group (NASDAQ:WKHS): 1 share, standard limits
      • Qualtrics International (NASDAQ:XM): 1 share, standard limits
      • Zomedica Corp (NYSE:ZOM): 5 shares

    Why It’s Important: The list includes many of the high-flying  popular among retail traders. Today’s list puts restrictions on several blue chip stocks for the first time, with stocks like General Motors and Starbucks having purchase limits.

    [FD: from this list, I'm long AG, PSLV, AAL, short MRNA.  Although, my AG position is smaller than it was at the start of the week.]

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  • Sat, Jan 30, 2021 - 2:01am

    #18
    Hans

    Hans

    Status: Bronze Member

    Joined: Aug 09 2017

    Posts: 69

    1

    buy and hold FOREVER!

    The idea behind the Gamestop campain is not to make money, but for the hedgefunds to loose!

    In order to do so, you have to buy and hold forever. Otherwize, when you sell in the same pace as you bought it, the price will drop and the hedgefunds will recover on the way down.

    Let's make this a global movement! This is THE moment! These monsters must be destroyed.

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  • Sat, Jan 30, 2021 - 2:51am

    VTGothic

    VTGothic

    Status: Silver Member

    Joined: Jan 05 2020

    Posts: 493

    0

    Not sure why some companies are on this list

    @davefairtex

    I'm curious: does this list represent a "who's who" of troubled asset companies?
    Did Robinhood just do some legwork for the Redditers?

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  • Sat, Jan 30, 2021 - 3:43am

    #20
    TamHob

    TamHob

    Status: Bronze Member

    Joined: Feb 13 2020

    Posts: 62

    0

    re buying SLV

    So, I'm not sure that the Reddit guys can take down the hedgies if they're going to buy SLV or any other of the paper silver. I looked into SLV a while back because I wanted a convenient way to buy stored silver bullion without doing the identification dance that the Australian government makes you do to open up a bullion account. Other than the fact that it's owned by JP Morgan and I didn't feel like doing business with one of the major short sellers the other issue is that I couldn't find anywhere how much actual silver it is backed by - 20%, 5%, 0.001%??? Who knows, given JP Morgan's track record, probably not very much. Even if it was specified, I wouldn't trust them not to have rehypothecated the 'backing' a million times. Knowing JP Morgan, they've probably done both.

    So, as far as I can tell if a lot of SLV gets bought up there is nothing to stop them just issuing more shares and decrease the backing %. The only real constraint seems to be the Basel banking rules which requires them to hold a certain asset backing as a % of the silver shares sold - but the assets don't have to be silver. Same if the Redditors buy paper silver from any of the bullion banks - they just create more paper.

    The only thing that I can see that will blow up the market reliably is if the Redditors start buying physical silver (even better if they demand delivery to pin down the rehypothecators). Maybe someone needs to renew the fashion trend for using real silver coins as jewellery and sewn onto shawls and things.

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  • Sat, Jan 30, 2021 - 4:07am

    #21
    TamHob

    TamHob

    Status: Bronze Member

    Joined: Feb 13 2020

    Posts: 62

    0

    re buying SLV

    having thought a bit more, I suppose the Redditors could really buy up paper silver and ETFs to drive down the backing %'s further, then demand delivery. If they have the capital to do that it would totally screw over the bullion banks. However, it seems overly complex given that the bullion banks are already super over extended and vulnerable to any kind of a run on physical (as seen mid 2020 when COMEX seized up)

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  • Sat, Jan 30, 2021 - 4:37am

    brushhog

    brushhog

    Status: Bronze Member

    Joined: Oct 06 2015

    Posts: 204

    6

    It wont work with all those companies

    Its spreading the movement too thin. They need to concentrate on one or two companies at a time. Ive also read people suspect the establishment of watering the movement down by publishing longer and longer lists of short companies.

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  • Sat, Jan 30, 2021 - 8:16am

    #23
    French connexion

    French connexion

    Status: Silver Member

    Joined: Mar 26 2020

    Posts: 243

    2

    Game Over, Tilt

    Another great video!!

    These are really interesting times. Times where the little guy now has a chance - but only if you act in concert with a group. The Establishment has fought back - but the writing is on the wall. "Out out damn spots."

    The neophytes have  gotten the  taste of blood - and now they too want "Maur". Like don't get mad, Get even. Beat them at their own game - risky, risky business.

    But it is possible. If everyone acts in concert. But not in the stock market.

    It is very interesting that buying PSLV is not allowed! Wake up people - if that Trust is truly represented by real silver then They have just told you what you must not do. Buying real Silver (or real Gold) destroys their game. At the very worst - if you have money in the SP500 index Gold has kept track since December 4 2017 with the price of the SP - you know the one that the MSM has been talking about every day for all of that time. All the experts say Gold is under-valued - many are saying that Stocks are over-valued. I just checked this out on StockCharts. Silver is in a very similar situation to the SP500 over the same time period - only slightly stronger than Gold in that recently - even with the huge Fed stimulus - the SP relative to Silver was not able to out-perform. Again I looked on StockCharts for the comparison.

    David and Goliath maybe. I say Troy. The bullion banks have a Achille's heel. Why do They shut down precious metal sales regularly? If (when) the people get the appetite to buy precious metals - it's Game Over, Tilt.

    PS   From Harvey  Organ blog

    I read on Twitter this morning that Robinhood is only allowing people to close $PSLV, (sell) the Sprott Physical Silver Trust, but you can buy SLV. This tells me that a fair number of people are starting to understand the difference between purchasing paper silver vs. physical silver.

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  • Sat, Jan 30, 2021 - 10:05am

    #24
    OneStrawFarmer

    OneStrawFarmer

    Status: Member

    Joined: Sep 16 2020

    Posts: 4

    1

    "People Power"? PLEASE!!

    "People power vs. the Banksters"? Please!! At best, it's a group of self-righteous, selfish bastard wanna-bes trying to game a group of entrenched, arrogant selfish bastards who already made it and control the playing field - and who are playing the RobinHooders, to boot. There are no real winners, here, except probably the Mexican drug cartels, who will reap the benefit of  a windfall to what are undoubtedly a group of fine customers.

    From where did the RobinHooders get the extra money necessary to gamble on stocks? From hard-working taxpaying people who can't afford to take such risks because we're too busy raising the cash that funds the "stimmy" checks sent to the RobinHooders! Where's your sympathy and accolades for US? My mom took the little windfall of cash that came from the sale of their last home, and put it in the market a couple of years ago hoping to make a few bucks to offset the shrinking purchasing power of her Social Security dollars (money she would rather have saved for herself than have the government do it for her, BTW). She was making a few hundred bucks every few months but just took it out out of the market because the market became too volatile. Now she can't reap the benefits of what was, admittedly, a rigged game within a rigged system, but at least it was helping her stretch her Social Security a little while it lasted. Now it's completely broken. Isn't she people too? Did she "win"? Are any of the self-righteous "little guys" who took away what little help the market was offering, going to repay my mom? Of course not! We'll jut have to stretch our income further to help her when she needs it, after funding the poor, underprivileged  RobinHooders' stimmy. So is the 'people's victory' a victory for us?

    It's this sort of poorly researched, under thought-out, biased, bleeding heart "analysis" that makes me as tired and skeptical of the 'alternative' culture as of the lamestream culture. Go talk to Dave Kranzler if you want to know who's REALLY getting rich from the RobinHood raids. It's NOT "the people", ESPECIALLY not those of us who try to make an honest living!

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  • Sat, Jan 30, 2021 - 11:38am

    #25
    Canuck21

    Canuck21

    Status: Bronze Member

    Joined: Aug 10 2020

    Posts: 64

    3

    It's a bottomless swamp

    I followed the precious metals markets closely from 2009 to about 2015, and every time I thought I'd uncovered the next underlying level of manipulation, and surely gotten to the bottom of the swamp, I just discovered the next one oozing its foetid swamp gas up at me. This is probably the most manipulated and secretive market on earth, with very very powerful and intelligent players with endlessly deep pockets, and they have played this game for a very long time and can continue to do so for far longer yet. One day it may all emerge into the open like a giant swamp monster dripping green ooze but I have personally decided I can't wait that long. That said, once a gold bug always a gold bug, we are rather like cockroaches, yes we can get badly squashed but somehow our inner belief shines brightly anyway.

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  • Sat, Jan 30, 2021 - 12:03pm

    Montana Native

    Status: Bronze Member

    Joined: Mar 17 2009

    Posts: 151

    1

    When to sell physical silver

    FooBarr,

    Im not going to pretend to be a serious investor, although I've been in the PM market for about 12 years now. I've only traded 20 or so PM stocks and the only one I've ever been way down on is the Hycroft mining I own right now.....but they have a large percentage of silver for a gold mine. When to sell physical is always an interesting take. If I remember correctly Chris sold a chunk of gold several years back although many times he uses the acre of land tradeoff as possibly a time to swap assets. With Silver, it feels like it has been manipulated and hated to a degree that the upside is huuuuge here. Best conductor of electricity, antimicrobial, most reflective metal, etc. I would be selling it based upon need. Do you need to put in a hand pump well, develop a better garden, or buy a new home? In my opinion (I'm a moron and this is not advice) high 40's might make sense if you need money. Where the $100 mark is the bare minimum I would think about selling silver this year.....and I would barely sell there. What will the markup on spot value be if price rises though? That $100 oz coin might be $140 or something. As mentioned above owning miners or PSLV offers ways to hold silver that are easy to liquidate and maybe not as emotionally difficult. I didn't almost break the shocks on my car hauling silver like Chris, but I like the shiny stuff. Just using generic CPI the $50 price in 1980 would have to be $163 an oz plus premium. $200???

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  • Sat, Jan 30, 2021 - 12:08pm

    Montana Native

    Status: Bronze Member

    Joined: Mar 17 2009

    Posts: 151

    1

    Take delivery

    I bought some AG ounces this morning. If a few million people do this, it's going to be very hard to keep up the charade in Silver. Imagine every Bitcoin religious enthusiast buying 20 ozs.....it would be bedlam. For the record not religious about crypto but had no choice but to finally purchase some last year. The money printing is going insane.

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  • Sat, Jan 30, 2021 - 12:13pm

    #28
    EddieLarry

    EddieLarry

    Status: Bronze Member

    Joined: Jul 04 2020

    Posts: 124

    1

    Fine interview Adam and Jim

    I have been betting on the inflation scenario as well.  But Jim’s point is that Covid-19 may hang around for a while.  That, of course, stalls the inflation play.  Stalls but does not stop it.
    Stay safe out there, have fun!

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  • Sat, Jan 30, 2021 - 1:11pm

    Chuck in Belize

    Chuck in Belize

    Status: Bronze Member

    Joined: May 23 2020

    Posts: 86

    5

    When to "Sell" physical PMs

    My personal answer would be, "almost never."

    But one could very well spend some of it on things, in transactions.

    If you "liquidate" it, you've got to deal with "gains."
    If all you do is use it to help get things you already wanted anyhow, then, "meh."
    You don't have it, and you didn't liquidate it.

    Hopefully you see my point.

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  • Sat, Jan 30, 2021 - 2:33pm

    Montana Native

    Status: Bronze Member

    Joined: Mar 17 2009

    Posts: 151

    1

    Gains

    Can't have gains if there was a tragic boating accident.......FYI

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  • Sat, Jan 30, 2021 - 2:45pm

    Chuck in Belize

    Chuck in Belize

    Status: Bronze Member

    Joined: May 23 2020

    Posts: 86

    1

    Gains

    All right. I agree.

    You could spend it on transactions, OR on tragic boating accidents.

    I'm sure both of those things have been done in the past, and probably will be done again in the future.

    :<)

     

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  • Sat, Jan 30, 2021 - 2:57pm

    #32
    Mike from Jersey

    Mike from Jersey

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    Joined: Jan 22 2018

    Posts: 239

    1

    The Complexity and Fragility of Short Squeezes

    Below is a link to a long - and necessarily convoluted - article dealing with the incredibly complex risks to the market and the financial system that is now developing due to the Reddit attacks on hedge funds. I am not saying this to defend the hedge funds. If I had my way, I'd put hedge funds out of business and force hedge funders to get real jobs. But this article points out how counter-party risk in the financial system has become so ridiculously extensive, complex and fragile that any major disruption could bring the entire system down.

    Before I read this article I knew that there was a lot of complexity and risk in the markets, but this article is the proverbial jaw dropper.

    https://www.zerohedge.com/markets/its-not-just-robinhood-reddit-rebellion-has-clogged-entire-financial-systems-plumbing

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  • Sat, Jan 30, 2021 - 3:04pm

    Pipyman

    Pipyman

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    Joined: Apr 24 2011

    Posts: 136

    1

    Lol

    You’ll be hard pushed to get mine at $200

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  • Sat, Jan 30, 2021 - 5:45pm

    Adam Taggart

    Status: Platinum Member

    Joined: May 25 2009

    Posts: 7144

    4

    Selling silver, should it rocket higher

    Should silver rocket higher, say to the $200/oz price folks are hoping for here, you don't necessarily have to sell your physical supply to protect that large gain.

    Another alternative is to take out put options as a hedge.

    Doing so, you can protect a substantial percentage of your gains should the price of silver drop back towards today's price.

    And if it doesn't? Well, you'll be out the money it cost you to buy the protection. But you won't care because your long position will have retained (or increased) its value.

    If you're unfamiliar working with options as a hedge this way, definitely don't try to learn on your own now -- you don't want to make a rookie mistake should silver indeed spike as high as folks are hoping. Instead, work with your professional financial advisor on designing a hedging plan appropriate for your unique precious metals exposure and personal situation.

    But better to do so sooner rather than later. You want your plan pre-thought out, so that if the action starts happening fast and furious -- as is going on with GameStop right now -- you can make cool-headed decisions that have been calculated in advance.

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  • Sat, Jan 30, 2021 - 6:38pm

    #35
    MarkM

    MarkM

    Status: Gold Member

    Joined: Jul 22 2008

    Posts: 492

    11

    Adam

    I am sure that you don't want to be the one schooling us, but could you point us in a direction?

    https://tomluongo.me/2021/01/29/game-stop-revolution-matrix-reloaded/

    I'm a boomer that would like to Burn.It.The.Fuck.Down.

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  • Sat, Jan 30, 2021 - 6:40pm

    MarkM

    MarkM

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    Joined: Jul 22 2008

    Posts: 492

    3

    Taibbi, "Suck it Wall Street."

    https://taibbi.substack.com/p/suck-it-wall-street

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  • Sat, Jan 30, 2021 - 6:42pm

    JimboJim

    JimboJim

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    5

    Link to Chamath Palihapitiya CNBC interview

    I found a link to that interview mentioned in your referenced video:

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  • Sat, Jan 30, 2021 - 9:31pm

    #38

    gyrogearloose

    Status: Gold Member

    Joined: Sep 08 2008

    Posts: 367

    10

    Trying to do subtlble censorship on wall street critisimsm??

    was watching Tucker on fox.

    In the video there is a short jump in the visual field at 3.58

    yet the lagged subtitles reveal that the words "corrupt and fraudulent scam that it often is" had been edited out

    I have been seen this a few times, but in this instance the subtitles showed what is going on.

    Who is clipping the bits out of the videos????

    Cheers Hamish

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  • Sun, Jan 31, 2021 - 1:26am

    gyrogearloose

    Status: Gold Member

    Joined: Sep 08 2008

    Posts: 367

    10

    Follow up on subtle censorship

    I went to the Fox website and watched the same video.

    https://video.foxnews.com/v/6227574205001?playlist_id=5198073478001#sp=show-clips

    The video has ""corrupt and fraudulent scam that it often is" in the video.

    So looks very much like you tube edited out those words.

    censorship

    Cheers Hamish

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  • Sun, Jan 31, 2021 - 2:02am

    gyrogearloose

    Status: Gold Member

    Joined: Sep 08 2008

    Posts: 367

    3

    further follow up

    Both the you tube video and the Fox website video show the clip length to be 14.31

    Good trick considering a good 3 seconds is missing from the you tube version

    Have contacted Fox with this to see if they are aware.

    Cheers Hamish

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  • Sun, Jan 31, 2021 - 3:42am

    #41
    planfortomorrow

    planfortomorrow

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    Joined: Dec 28 2017

    Posts: 2

    1

    planfortomorrow said:

    Oh MY!, this was a heart pounding podcast. Biondo is so smart and as a commodities only investor, especially in OIL, I am pumped! Silver always brings me a smile because Adam that is your meme and frankly I wish you the very best because you bring your weekend show each and every week and is what I consider the BEST part of this site.

    I expect Inflation should happen and with all this cash it isn't a stretch but, for me, I argue Deflation a lot because just look at the world. Robots, AI and unemployment really argue to that angle, I am not naïve to think that Inflation can occur. Still, I favor Deflation but not in all sectors. Commodities for other reason's is the place to be anyways. Drop the mic again Adam, just another great guest. Breath taking and the hedge funds and their greed are getting what they deserve. WOW! Peace BOB

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  • Sun, Jan 31, 2021 - 7:37am

    #42

    Adam Taggart

    Status: Platinum Member

    Joined: May 25 2009

    Posts: 7144

    13

    LOL

    Perfectly captures the weaselly steps taken by the Robinhood platform over the past few days:

    New Yorker comic

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  • Sun, Jan 31, 2021 - 9:01am

    MarkM

    MarkM

    Status: Gold Member

    Joined: Jul 22 2008

    Posts: 492

    3

    Silver demand

    https://www.zerohedge.com/markets/reddit-preparing-unleash-worlds-biggest-short-squeeze-silver

    In the 24 hours proceeding Friday market close, SD Bullion sold nearly 10x the number of silver ounces that we normally would sell in an entire weekend leading to Sunday market open.

     

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  • Sun, Jan 31, 2021 - 9:08am

    #44

    davefairtex

    Status: Member

    Joined: Sep 03 2008

    Posts: 2337

    4

    wow

    MarkM-

    Well that's cool.  I'm guessing my AG covered calls are going to get executed.  🙂

    My PSLV holdings should make up for my missed opportunity though!

    I think the physical silver premiums is the key metric - along with the standing for delivery at COMEX (and the one does drive the other) - which will terrify the banksters.

    Wall Street will look ridiculous if they simply turn off trading in the metals.  It will literally drive everyone into the physical markets.  Is this really what they want?

    If they go this route, they really aren't very bright at all.

    "We had to destroy the village to save it."

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  • Sun, Jan 31, 2021 - 10:21am

    #45
    stealyourface

    stealyourface

    Status: Member

    Joined: Mar 14 2020

    Posts: 15

    1

    stealyourface said:

    just got done visiting my favorite bullion dealer and nope/nada AG. I was planning on adding to the stack Friday after watching all this unfold but got busy and thought "i'll do it this weekend". Big mistake there.

    I'm thinking there will be spill over into AU. There was still some opportunity to buy AU but there was definitely less inventory. As Mike Maloney has said "there will a time when AU/AG will be "unobtainium". And crypto??

    Quoth the Raven
    @QTRResearch
    ·

    2h

    The thing is that no matter what happens with #SilverSqueeze, a lot of younger people are for the first time informing themselves that metals are the only true real money. That realization sticks for life, even when squeezes end. This is a red pill moment for many & its beautiful

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  • Sun, Jan 31, 2021 - 10:35am

    Mike from Jersey

    Mike from Jersey

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    Joined: Jan 22 2018

    Posts: 239

    5

    Precious metals

    MarkM-,

    These Reditors are playing with fire. If precious metals prices go higher, it means that the value of the dollar is decreasing since it takes more dollars to buy the same amount of precious metals.

    If precious metal prices skyrocket, it would raise doubts about the usefulness of the dollar (or the euro, for that matter) as a metric of value altogether. The staggering amount of money printing was already raising those doubts. Imagine if gold went to $5000 dollars an ounce. It could spark an involuntary dollar devaluation on a massive scale as countries exporting to the US demand more dollars for their goods. Since the US imports so much of what they use that would mean that the standard of living would suddenly drop dramatically. A dollar would (overnight) buy much less than it did the day before.

    Now, even without skyrocketing import costs people were already grabbing for their pitchforks. Imagine what would happen if the price of imports tripled overnight.

    I am sure that there are people in Washington who understand the danger involved. These Redditors are playing with fire. I doubt that they even understand that they are no longer just attacking hedge funds, they are threatening the entire system. They are angering seriously dangerous people.

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  • Sun, Jan 31, 2021 - 10:37am

    #47
    wotthecurtains

    wotthecurtains

    Status: Silver Member

    Joined: Feb 27 2020

    Posts: 321

    5

    Those of you who are into sense making

    The Grant Williams Podcast – Short Shrift

     

    This is one amazing interview.   Grant Williams gives a speech at the tail end that has made me realize he is as much a "best friend Ive never met" as Chris is.

     

    Give this one a listen

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  • Sun, Jan 31, 2021 - 11:07am

    Jim H

    Status: Bronze Member

    Joined: Jun 08 2009

    Posts: 1259

    2

    Adding to the point made by Stealyourface

    I am just catching up on this thread after posting on Dave's normal PM commentary thread..  Stealyourface said this here;

    The thing is that no matter what happens with #SilverSqueeze, a lot of younger people are for the first time informing themselves that metals are the only true real money. That realization sticks for life, even when squeezes end. This is a red pill moment for many & its beautiful

    Here's what I wrote in the other thread;

    The other thing I notice is that every pod caster that talks about investing is doing a Silver podcast. There must be hundreds of them.. go ahead.. pull up Youtube and type “reddit” and “Silver” into the search field. This is HUGE.. can you imagine how many eyeballs this is getting to? I had my initial awakening to how the world REALLY works through learning the truth of debt-based fiat currency. Beyond the Silver squeeze aspect in isolation, many folks, and especially many younger folks, are going to see more clearly the big picture.

    I am not sure this will be the BIG ONE.. but it could be. This could be the decentralized SCREW YOU to the system that Occupy never could be. The question will be this; Does it have legs?

    Consider this: There are a lot of Bitcoin millionaire “redditors” out there who may be looking to both diversify AND use their leverage to send another message to, “The Man”. I hope so.

    The great awakening?  Maybe : )

     

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  • Sun, Jan 31, 2021 - 11:24am

    jtbrent

    jtbrent

    Status: Member

    Joined: Dec 11 2018

    Posts: 10

    1

    jtbrent said:

    Spot on; this is why I can’t help expecting the Fed’s to ride to the rescue and (attempt to) shut this down before it really gets going....at least until the Law of Unintended Consequences kicks in the door.

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  • Sun, Jan 31, 2021 - 11:46am

    #50

    travissidelinger

    Status: Member

    Joined: Nov 17 2010

    Posts: 216

    5

    We Did Our Part

    Okay, we just did our part and bought some more silver.

    I see this as a call to arms.  All PP members, go buy a tube of silver today!

    Now off to make some more popcorn...

    -Travis

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  • Sun, Jan 31, 2021 - 12:06pm

    #51

    Jim H

    Status: Bronze Member

    Joined: Jun 08 2009

    Posts: 1259

    2

    Where did you find physical Silver for sale Travis????

    I just keep running into this;

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  • Sun, Jan 31, 2021 - 12:12pm

    Susan7

    Susan7

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    Joined: Feb 15 2020

    Posts: 123

    1

    Susan7 said:

    I’d do it in a heartbeat if I only knew how.

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  • Sun, Jan 31, 2021 - 12:30pm

    Montana Native

    Status: Bronze Member

    Joined: Mar 17 2009

    Posts: 151

    6

    Silver

    I bought a measly 23 ozs yesterday just to play the momentum. Going to get my first ever Libertads. Can't wait to see what the market does next week. I feel like it's Christmas Eve and I'm 7.

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  • Sun, Jan 31, 2021 - 12:34pm

    MarkM

    MarkM

    Status: Gold Member

    Joined: Jul 22 2008

    Posts: 492

    3

    Mike from Jersey

    Thanks for your perspective. Maybe a run on PMs would do that. I understand your concern that it might.

    Something I think is probably more likely to do that is the accelerated money printing in this country that looks as though it will accelerate even harder in the near future.

    https://usawatchdog.com/markets-will-correct-heavily-alasdair-macleod/

    Which is more likely to be the catalyst, a profligate federal government or a citizenry that is tired of being screwed? Does it matter? Fire is fire, no matter who is lighting it.

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  • Sun, Jan 31, 2021 - 12:50pm

    #55
    FooBarr

    FooBarr

    Status: Member

    Joined: Oct 21 2010

    Posts: 89

    5

    What if there is someone else behind the green curtain driving the WSBet's "Rich vs Poor Revolt" narrative?

    Just a contrarian thought to the current narrative of the past week.  For some reason I've been thinking this way a lot since  November.   I'll see/hear/read something and get all excited or be bummed out.  Then a few days later I'll reflect back and wonder why I reacted that way, and who benefits from me feeling as such.

    When I talk to my close 'sheeple' friends and family, they tend to only bitch about one or two things--things that mater to them most at the moment.  Economy, stimulus, environment, pro/no vaccine argument, and other 'trust the science' type of discussions stemming from the current narratives spun upon us.  I typically back up and use the analogy: 'You know....We can't really see the forest because of these damn trees in the way.  BTW dude, you might want to step back and look past the big redwood with 'COVID' scratched in the bark.  And if you climb up this watch tower and look around you can see some fence posts on the forest edge and chances are they're marked Energy, Economy, and Environment."  And then that's my segway to my 'Dude!  You's got to keep up on PeakProsperity.'  blah....blah... double blah... Then a couple hours later they'll ask me to go away......

    But back to topic.....The more I ponder my own small-brain theory of 'There's a Globalist behind the green-curtain controlling the narrative', I'm starting suspect quite a few events of the past 18 months have been planned out and we're just along for the ride on their shoddy roller coaster.  And just maybe the WSBet's thing is just another section of the track.  In the long game it could be a much bigger debt squeeze in the global sense if it's has some butterfly-domino effect.  And it sure does look like the narrative leans towards the 8 Goals of the Great Reset.  https://www.weforum.org/great-reset

    Good Luck and Happy Hunger Games y'all.

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  • Sun, Jan 31, 2021 - 1:01pm

    #56
    Mysterymet

    Mysterymet

    Status: Bronze Member

    Joined: May 23 2020

    Posts: 169

    1

    I picked some Silver up yesterday

    I had ordered it earlier in the week though. I wonder if it is time to check local pawn shops that might not have gotten the memo yet?

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  • Sun, Jan 31, 2021 - 1:02pm

    #57
    David Henry

    David Henry

    Status: Bronze Member

    Joined: Sep 20 2019

    Posts: 81

    0

    really conflicted...and an epiphany

    I love the *idea* that a bunch of young-ish redditors could discover silver and then pump it to the moon (ie anything over $50/oz), especially since I've been dollar cost averaging for years and expected to pass it on to my daughter since I didn't think it would take off for at least a decade or more. But if an oz passed $50 I think I'd be sorely tempted to buy an SJX or SeaArk Predator (sweet skinny running jet boats for moose hunting. sigh.).

    But I don't want silver to go up so much that our financial system finally kicks the bucket and gives up the ghost.

    Hmm, basically I guess I'm just a selfish b*st*rd. Thanks for the self-realization help PP! That is all.

     

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  • Sun, Jan 31, 2021 - 1:09pm

    Jim H

    Status: Bronze Member

    Joined: Jun 08 2009

    Posts: 1259

    1

    Not gotten the memo....

    I was thinking the same Mysterymet.. but I tapped craigslist.  I am presently scheduled by meet and buy some tubes of 1/10 Silver rounds at $35 per ounce equivalent.  I don't think the seller got the memo, and in any event this is literally the only Silver I can find available NOW and I believe it will look like a good deal in just a few short hours..........

    This morning before they stopped selling completely, Texas Precious Metals had 2021 American Eagles priced at $37...

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  • Sun, Jan 31, 2021 - 1:12pm

    #59
    Mountains are calling

    Mountains are calling

    Status: Member

    Joined: Mar 28 2020

    Posts: 3

    1

    Silver today

    I learned of 2 Peak Prosperity recommended gold and silver dealers through their podcasts and expert interviews.  Both websites are posted as companies PP works with within this site.  For some reason, my posts with their names are not uploading - could be I'm not allowed to post them.   1 is selling physical gold and silver today you can have delivered to your home this week.   Good luck.

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  • Sun, Jan 31, 2021 - 1:17pm

    #60
    Redneck Engineer

    Redneck Engineer

    Status: Bronze Member

    Joined: Mar 16 2020

    Posts: 154

    5

    Silver short squeeze questions

    Questions:

    1. Consider what we know about JP Morgan: They are the custodian of SLV. They are the single largest holder of physical silver (per articles over last several weeks on ZH). They were found guilty of manipulating the PM market and fined $1B... not much more than a slap on the wrist for them. Will the Reddit/WSB short squeeze strategy even work against them? Perhaps all the buying moves the price up a ways, but will it likely be on par with $GME?

    2. JP Morgan had a massive short position but now has (AFAIK) a massive long position:

    https://silverseek.com/article/jim-cook-interviews-ted-butler-1

    https://seekingalpha.com/instablog/49250929-james-henry-and/5117891-jp-morgans-record-silver-position

    If these are correct, who are the shorts in silver? JPM looks to gain massively from a run up in silver price.

    3. What happens to SLV if there is a successful short squeeze that catapults the price to the moon? In their prospectus, they don't have to deliver physical. They're mainly invested in futures and paper. So couldn't they keep the rigged game going indefinitely?

    4. Given the much larger size of the silver market over the $GME market, wouldn't it take a lot more $ to get the same result (assuming other things being equal)?

    5. Assuming this does drive silver to the moon in the short term,

    a. what happens to gold? Would it follow, or are people selling gold to buy silver?

    b. if you own SLV, PSLV, SIL, SILJ, etc., and want to cash out some profit along the way, where is a good description of exit strategy, i.e., selling in tranches? For instance, maybe a good play is if the price doubles, sell 25% of the position; doubles again, another 25%.

    Thanks!

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  • Sun, Jan 31, 2021 - 1:31pm

    Grover

    Grover

    Status: Gold Member

    Joined: Feb 15 2011

    Posts: 854

    5

    The Fourth Turning

    Mike from Jersey wrote:

    Now, even without skyrocketing import costs people were already grabbing for their pitchforks. Imagine what would happen if the price of imports tripled overnight.

    Mike,

    If the price increase were only evident in US dollars, you'd have a point. Financial arbitration will quickly equalize differentials across all fiat currencies. In other words, it won't just happen in US dollars. You can put this worry to bed.

    ------

    I've been thinking a lot about The 4th Turning (T4T) theory lately. In Strauss & Howe's theory, the Millennial generation fills the same role as the GI generation filled during WWII. To me, their defining characteristic is being "team players." Look at the Omaha Beach Invasion where 2 out of 3 GIs expected to be killed - yet, they still did their jobs. They personally took one so that the team would benefit. They just needed a strong leader to convince them what goal to accomplish and set them on the path.

    Fast forward to today and we see similar dynamics. Instead of fighting the evil Axis powers, they're fighting the evil moneyed banksters. They had incredible success working as a team with the GameStop stock. That will encourage them to stick together to right the wrong on precious metals manipulation. I don't know exactly who the General is who is directing this team. Social media has sped up the communications and added lots of voices. All I know is that it is gaining traction.

    Look at the PM dealers across the world. They are all devoid of silver products to sell. Is that simply because all these Millennials are vacuuming up available product? That isn't what I see on this site. We've got Boomers and Gen-Xers trying to front run the potential run up. I doubt that we, at this site, are all that unique.

    Deep down, we all know the PM ""market"" has been manipulated by the big boyz for their own gain. All it takes is for bigger boyz (a unified team) to coordinate positions against the big boyz and the team will eventually win. There will be set backs and rule changes along the way. I'm sure that will confirm the view that the market is corrupt and manipulated and must be brought down.

    With GameStop, it was voluminous uncovered shorts that caused the commotion. With silver, miners are doing most of the shorting. They try to sell future production at profitable prices. Under normal market conditions, the miners can produce enough product to cover their shorts. What happens when the volume overwhelms their ability to produce? After all, they can't just wiggle a nose and have lots of product to sell. Is there a time limit on when they have to supply the silver? (I'm asking. I don't know.)

    It will be interesting to see what happens in the markets when they open. When will the miners get overwhelmed and have to quit shorting? Alternatively, will the miners learn that early and refrain from shorting in hopes of getting a higher price later on?

    I think this rally is about to grow some strong legs under it.

    Grover

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  • Sun, Jan 31, 2021 - 1:45pm

    #62

    Jim H

    Status: Bronze Member

    Joined: Jun 08 2009

    Posts: 1259

    4

    What if everyone wanted to buy Silver metal, but nobody wanted to sell actual Silver metal?

    We are about to find out;

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  • Sun, Jan 31, 2021 - 1:46pm

    TWalker5

    TWalker5

    Status: Bronze Member

    Joined: Mar 13 2020

    Posts: 82

    2

    TWalker5 said:

    Great points, Grover.

    In Mike Maloneys video released today, he showed that the current short interest was equivalent to 170 days of silver production. That is historically quite high and much higher than that for any other commodity. How far are the miners willing to stretch that out even more?  I can’t imagine it’s too far.

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  • Sun, Jan 31, 2021 - 2:10pm

    Blood red peony

    Blood red peony

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    Joined: Dec 16 2020

    Posts: 19

    0

    Susan 7 said

    Susan, to buy physical silver just google bullion dealers (your country) Try a few from the list to compare prices, you can buy a 1 oz coin on line for under £30 UK which is where I am. Or if you are in a city there may a dealer you could go to.

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  • Sun, Jan 31, 2021 - 2:16pm

    thc0655

    Status: Platinum Member

    Joined: Apr 27 2010

    Posts: 2319

    2

    WE are the seriously dangerous people!

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  • Sun, Jan 31, 2021 - 2:44pm

    Susan7

    Susan7

    Status: Bronze Member

    Joined: Feb 15 2020

    Posts: 123

    0

    Susan7 said:

    Thank you for this advice. I had already checked a few bullion dealers found by a general search. So far, none are selling but maybe that would change tomorrow or am I just too late and there won’t be any available for sale now? Also, I really want to do this as a way of standing with those who are fed up with unfair trading practices and market manipulation by people with immense wealth and power. These people are quite happy to debase the currency and send most of us into serfdom. But I’m not sure how buying some coins at a coin shop would be connected to what’s going on. I thought it had to do with retail traders who trade through entities such as Robin Hood. Maybe someone could explain? I hate to sit on the sidelines while this is happening. It could be a historic moment!

    ?

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  • Sun, Jan 31, 2021 - 2:51pm

    Mike from Jersey

    Mike from Jersey

    Status: Member

    Joined: Jan 22 2018

    Posts: 239

    1

    Mike from Jersey said:

    Grover,

    You wrote:

    If the price increase were only evident in US dollars, you'd have a point. Financial arbitration will quickly equalize differentials across all fiat currencies. In other words, it won't just happen in US dollars. You can put this worry to bed.

    I do not agree with that. That conclusion assumes that:

    1) The EU and Japan devalue equally to the devaluation in progress in the United States.

    2) Natural resource providing countries will accept the same amounts of a less valuable dollar for their resources.

    3) China keeps current its peg to the dollar.

    I don't think that any of those three things can be counted on.

    First, the EU just signed a mutual investment agreement with China. The United States opposed it. The EU did it anyway. Many commentators have noted that - at least in part -  that is reflection of a genuine European concern that the political system in the United States is broken. And that conclusion has found strong support in polling figures. The EU is devaluing but simply may not agree to devalue equally with the United States just to placate the Americans and allow them to keep running staggering deficits.

    Second, many resource rich countries in middle east and Africa are in financial trouble. They get nothing out of accommodating the profligate spending of the United States. Accepting the same amounts of a less valuable dollar does not help them. In many of these places, especially in Africa, there is a competing demand for resources from China who will bid up the prices of natural resources - often by using dollars that the Chinese are trying to get rid of.

    Third, China may not keep its peg to the dollar. That peg was great when it gave China a natural advantage in exporting to the United States. But at least four things may change that.

    One, China just signed the RCEP - creating an Asian-Pacific trading block that is the largest trading block in world history. All of those trades will be in local currencies. That diminishes the need to structure the valuation of the yuan to effectuate a large export trade with the United States so as to obtain dollars for trade.

    Two, consistent with the RCEP and the Belt Road Initiative (BRI) China is reorienting its trade more toward RCEP and BRI nations. Asian trade increased significantly last year and that will continue. That diminishes the need to structure the valuation of the yuan to effectuate a large export trade with the United States.

    Three, the combination of the American dollar printing as well as recent threats by the United States to simply seize China's treasury holdings has had a big effect on the Chinese leadership. Their has been a huge de-dollarization effort in China in consequence of this. There was a 200 billion dollar reduction in China holdings of US Treasuries in just the last year alone. That will probably continue into the coming year. Incurring more dollars by exporting to America gets in the way of de-dollarization rather than facilitates it. That is a disincentive to keep the peg to the dollar.

    Fourth, there is an increased emphasis in China in developing domestic demand. Again, that would be a re-orientation away from exports and more towards a domestic market - thus further diminishing the need for the dollar peg.

    The United States has gotten away with huge deficits only because the dollar has been the world's reserve currency and the United States has traditionally been such a huge component of international trade. But the world is changing and the rest of the planet might not continue to accommodate American spending that seems to have lost its anchoring to reality.

     

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  • Sun, Jan 31, 2021 - 3:09pm

    #68

    Adam Taggart

    Status: Platinum Member

    Joined: May 25 2009

    Posts: 7144

    5

    #silversqueeze -- Silver opens up 7% @ $29/oz

    Came across this chart as the futures market opened.

    Silver just opened up 7% at $29, btw

    Silver price chart

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  • Sun, Jan 31, 2021 - 3:26pm

    pattrussell

    pattrussell

    Status: Member

    Joined: Apr 20 2012

    Posts: 1

    0

    pattrussell said:

    Why did this character bring up israel ?

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  • Sun, Jan 31, 2021 - 3:28pm

    RandomMike

    RandomMike

    Status: Bronze Member

    Joined: Mar 12 2020

    Posts: 166

    0

    RandomMike said:

    As of 6:30pm EST Sunday it looks like you can purchase an actual silver eagle or maple leaf on ebay or amazon for about $45. That's the only souce I could see with a brief search.

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  • Sun, Jan 31, 2021 - 3:41pm

    Grover

    Grover

    Status: Gold Member

    Joined: Feb 15 2011

    Posts: 854

    1

    The Feeble Dollar Will Still Be Standing Tomorrow

    Mike,

    Don't get me wrong. I don't think the US dollar is healthy or that the fiscal/debt conditions are sustainable. It is only a matter of time before the US dollar becomes worth as much as it costs to print it. Something will eventually trip the trigger. An increase in preference for a single commodity (such as silver) isn't going to be the catalyst. All it will do is cause the price of silver to increase. It will be reflected in all currencies.

    Pick any other fiat currency. Say the price of silver doubles in US dollars. If it didn't also approximately double in the other currency, traders would see an opportunity to make lots of money with extremely low risk. (Exchange dollars for your currency, buy silver in your currency, transport it to the US, and sell it for twice as many dollars.) That's all that will happen in the short term. We'll know very quickly if this is just a US phenomenon or if it spreads across the world markets.

    Grover

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  • Sun, Jan 31, 2021 - 3:52pm

    #72
    FooBarr

    FooBarr

    Status: Member

    Joined: Oct 21 2010

    Posts: 89

    8

    Ebay Ag pricing differences between pure coins and junk, advice from a bottom feeder

    I'm a fan of pre-65 junk silver.  Seems to be a few dealers on ebay who have yet to get the memo on WSBets and haven't updated their ebay stores over the weekend.

    I search for the lowest cost with Buy-It-Now and ordered a few rolls of mercury dimes at $124/roll of 50.  BTW, Just 2 weeks ago I was able to buy them at $105.

    Tulip Mania time!  You like dutch flowers, yes?

     

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  • Sun, Jan 31, 2021 - 4:09pm

    #73
    wotthecurtains

    wotthecurtains

    Status: Silver Member

    Joined: Feb 27 2020

    Posts: 321

    3

    If this thing has legs...

    We are going to get some interesting tests of all sorts of narratives:

     

    - If holding down silver (and gold) is matter of government policy, aren't these Reddit guys gonna get branded domestic terrorists?   We already see with Gamestop that the short seller hedge funds are being portrayed as victims of manipulator citizens.

    - Even if the goldbugs are wrong and the US govt doesnt give a shit about the gold price, there are clearly big companies that have made a lot of money manipulating to the downside.  I learned from Craig Hemke that its legal to naked short Canadian miners on a downtick.   If this reverses spectacularly, the entire market is gonna crash as the big players become suddenly insolvent.

    Are we rooting for that?  I mean that as a serious question.  Obviously these impossible, ridiculous situations need to be unwound somehow and should be been unwound long ago, but I feel like we have no idea whats about to unfold.

    Hope y'all are resilient.

     

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  • Sun, Jan 31, 2021 - 4:29pm

    Mike from Jersey

    Mike from Jersey

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    Joined: Jan 22 2018

    Posts: 239

    2

    Replying to The Feeble Dollar Will Still Be Standing Tomorrow (#71)

    Grover,

    You wrote:

    An increase in preference for a single commodity (such as silver) isn't going to be the catalyst. All it will do is cause the price of silver to increase. It will be reflected in all currencies.

    Okay, but the point that I was trying to make is this. The precious metals market has been manipulated. I have been following it closely for years. There is no doubt but that the precious metals market has been manipulated. There have been many, many reports of huge dumps of futures contracts at odd hours to staunch price increases. You can even see it by looking at sudden unexplainable drops in prices in the charts.

    Who would be doing this and why?

    There is a reason for this.

    A large part of the human world is governed by "perception." A broken system can continue for a long time based on the "perception" that it is still functioning and that there is nothing to worry about. Bank runs, for instance, are all about changes in perception. The same is true with stock market crashes and so on. One day, everything is fine. Then perception changes. Then all hell breaks loose. These panics are always based upon sudden changes in perception.

    I have heard from good sources that there is a real fear in high places that a panic in the international financial community could be initiated by the "normalization" of the prices of precious metals. It would nakedly expose the unreality of the whole fiat system. And that is reportedly why the price is being manipulated downwards. To prevent a sudden change in perception in the international financial community.

    Right now the ratio of the monetary base (the amount of money available for use) in the United States to gold is at one of the highest levels in history. If the price of gold suddenly reverted to historic norms that change would be huge.

    This is why I think that this manipulation by Redditors of the silver price could have huge ramifications. If precious metals prices soar and they don't come down.

    It could be game over.

    I am sure that there are people in Washington who are very concerned by this.

     

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  • Sun, Jan 31, 2021 - 4:54pm

    Grover

    Grover

    Status: Gold Member

    Joined: Feb 15 2011

    Posts: 854

    3

    US Dollar Is The Least Ugly Horse In The Glue Factory

    Mike from Jersey wrote:

    I have heard from good sources that there is a real fear in high places that a panic in the international financial community could be initiated by the "normalization" of the prices of precious metals. And that is reportedly why the price is being manipulated downwards. To prevent a sudden change in perception in the international financial community.

    Mike,

    Eventually, the whole bailiwick will fail. When it does, all fiat currencies will go to their intrinsic value, not just the US dollar. Meanwhile, a US dollar will be ""worth"" about the same amount in euros, yen, rubles, etc. as it is right now. There may be a sudden change in perception, but it will quickly get corrected because of arbitrage.

    The time to worry is when essential commodities get priced in gold/silver and not US dollars. Saddam Hussein tried to price his oil in euros. We know what happened to him after that stunt. Which entity will be brave enough to try that knowing the consequences? This hiccup will only hurt those who have been naked-short. Shouldn't they be held to account for their manipulation?

    Grover

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  • Sun, Jan 31, 2021 - 4:55pm

    travissidelinger

    Status: Member

    Joined: Nov 17 2010

    Posts: 216

    2

    travissidelinger said:

    goldsilver.com.  It was about 32$/oz.  And I had a little cash sitting in hardasset.  Enough to get another 8oz.

    Update (20:19)

    Goldsilver.com is displaying this:

    Due to extreme after hours volatility and demand, we're disabling all Buy orders until the market reopens (approximately 9:00AM Eastern on Monday).
    Orders placed over the weekend are on a best efforts basis. We will do everything possible to honor them, however if the market gaps up on open some may be declined.
    For delivery orders, expect shipping times to be longer than normal.

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  • Sun, Jan 31, 2021 - 5:15pm

    Mike from Jersey

    Mike from Jersey

    Status: Member

    Joined: Jan 22 2018

    Posts: 239

    4

    Mike from Jersey said:

    Grover,

    You wrote:

    Eventually, the whole bailiwick will fail. When it does, all fiat currencies will go to their intrinsic value, not just the US dollar. Meanwhile, a US dollar will be ""worth"" about the same amount in euros, yen, rubles, etc. as it is right now. There may be a sudden change in perception, but it will quickly get corrected because of arbitrage.

    I completely disagree.

    Look at the 2008-9 banking crisis. The entire system almost seized up.

    Why?

    People no longer trusted counter-parties.

    Now, at this point, everyone in the United States and Europe knows that the financial system is in deep trouble. Everyone knows it. The European banking system is a complete mess. The American budget deficit is not just completely out of control, it is insanely out of control. You just said it yourself, that eventually the "whole bailiwick will fail."

    So what was George Bush told when it started to go down back in 2008-9?

    His advisors did not tell him that the situation would quickly normalize on its own.

    He was told that unless the system could be stabilized by radical interventions that citizens would be murdering each other in the streets. That is what he was literally told by his advisors.

    They pulled that off back then. Now, the situation is much more precarious.

    The powers that be are not manipulating the precious metals prices for no reason. They are doing it because they understand just how precarious the whole situation is and they cannot afford to have a trigger go off.

     

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  • Sun, Jan 31, 2021 - 5:37pm

    JimboJim

    JimboJim

    Status: Member

    Joined: Nov 14 2017

    Posts: 39

    3

    Reply to #76

    goldsilver.com is now completely sold out of all products.  It will be interesting to see what the "new" prices are after (if) they are able to reload product.  One option is to buy PSLV in the interim and sell it for fiat to buy physical when the physical dealers have product again.

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  • Sun, Jan 31, 2021 - 5:54pm

    FooBarr

    FooBarr

    Status: Member

    Joined: Oct 21 2010

    Posts: 89

    5

    Redneck Engineer: Thanks for links on JPM long on physical silver

    Thanks Redneck, interesting reading putting a twist on this (for me anyway):

     JP Morgan had a massive short position but now has (AFAIK) a massive long position:

    https://silverseek.com/article/jim-cook-interviews-ted-butler-1

    https://seekingalpha.com/instablog/49250929-james-henry-and/5117891-jp-morgans-record-silver-position

    The rabble rousing r/WSBet's post advocating to transition from GME on over to take on silver shorts and to stick it to JPM seems odd now, given that JPM owns bunches of silver per those previous weblink articles.  Seems to me like JMP will come out of any silver market meltup looking pretty good.   Maybe that's by design since JPM is a WEF corporate partner?  https://www.weforum.org/partners#J

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  • Sun, Jan 31, 2021 - 6:57pm

    #80

    Quercus bicolor

    Status: Silver Member

    Joined: Mar 19 2008

    Posts: 541

    1

    Texas Precious metals

    Silver eagles in stock as of 9:57 PM EST.

    Premium for a tube of 20 is $8.50 over spot.

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  • Sun, Jan 31, 2021 - 7:18pm

    #81
    stealyourface

    stealyourface

    Status: Member

    Joined: Mar 14 2020

    Posts: 15

    3

    stealyourface said:

     

    APMEX Statement On Current Market Conditions:

    In the last week, we have seen a dramatic shift in Silver demand from our customers. For example, the ratio of ounces sold per day was running about two times earlier in the week and closer to four times the average demand by the end of the week. Once markets closed on Friday, we saw demand hit as much as six times a typical business day and more than 12 times a normal weekend day. Combined with the extremely high demand levels, we are also seeing a surge in new customers. On Saturday alone, we added as many new customers as we usually add in a week.

    Any Precious Metal dealer will take a long position in the futures market to protect against spot price exposure when the markets open. We do this because it is our goal not to take a speculative position on metal. The weekends are unique as we are not able to real-time hedge our position. We took an aggressive position this weekend, but clearly could not have predicted the volumes that were seen. We have partnerships around to world that allowed us to cover these long positions, but only to a point. Once we exceeded our comfort levels, we had little choice but to stop the sale of Silver on our website. This was a difficult decision to make and unprecedented in our history.

    As we evaluate the markets, it is difficult to know where Silver's price and demand will go in the coming day and weeks. APMEX is highly capitalized and has more than $150 million in inventory to support demand. We have made strategic decisions to procure additional metal, locking up any metal we can find in the market place. We suspect premiums will rise and rise quickly, as we are seeing significant increases in our costs, when we can even locate the metal. It is also highly likely that we will need an additional day or two to fill orders based on current order counts. The one guarantee we can make to our customers is that you will only be sold metal that is on-site, or we have procured the metal with a firm commitment date from our partners. In markets like this, we feel this is the best approach a retailer can take, as no one can predict product availability.

    We want to thank our customers for their patience and understanding during these turbulent times. APMEX prides itself on best in class service and delivering on promises to our customers.

    Sincerely,

    Ken Lewis
    CEO, APMEX

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  • Sun, Jan 31, 2021 - 7:37pm

    #82
    wotthecurtains

    wotthecurtains

    Status: Silver Member

    Joined: Feb 27 2020

    Posts: 321

    3

    Craig Hemke chimes in

    https://www.tfmetalsreport.com/podcast/10668/silver-squeeze-primer

    A decent perspective from a guy who has been at this a while.   I think he lays out why breaking the precious metals cartel is gonna be more than a one week effort.

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  • Sun, Jan 31, 2021 - 8:58pm

    SunFarmer

    SunFarmer

    Status: Member

    Joined: Mar 07 2019

    Posts: 30

    0

    SunFarmer said:

    Global Silver Prices - https://silverprice.org/

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  • Sun, Jan 31, 2021 - 11:36pm

    #84

    Jim H

    Status: Bronze Member

    Joined: Jun 08 2009

    Posts: 1259

    2

    Asia markets still moving higher.. I did my part to rid the world (okay, TX precious metals) of another pesky 50 oz.

    It's going to be a very interesting US open Monday morning.  Bedtime now in the Pacific NW.

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  • Mon, Feb 01, 2021 - 3:56am

    #85
    brushhog

    brushhog

    Status: Bronze Member

    Joined: Oct 06 2015

    Posts: 204

    4

    I take it back

    ...I am not sitting this one out! LOL. Since it involves something close to my heart, PM's, I jumped in and bought.

    Bought about 200 oz's of silver yesterday [ at 28.65 per oz ] just to throw my weight behind the movement.

    TO THE MOON!

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  • Mon, Feb 01, 2021 - 4:30am

    #86

    travissidelinger

    Status: Member

    Joined: Nov 17 2010

    Posts: 216

    3

    Ug....

    Ug... Woke up at 4am and HAD to check silver prices.  We were above 30$/oz

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  • Mon, Feb 01, 2021 - 5:13am

    planfortomorrow

    planfortomorrow

    Status: Member

    Joined: Dec 28 2017

    Posts: 2

    4

    planfortomorrow said:

    Actions as opposed to words stick in the mind like super glue. It cannot be undone and this past week has elevated the pheasants thinking and they'll never forget it, I won't ever forget it. The Rich greedy bastard are on notice! You can't cry wolf after you short a company by 150%, so don't cry wolf when the very smart pheasant class calls you out on your illegal game. Where the hell is the SEC? I always thought shorting a company 100% was the highest number! It's the exclamation point because I witnessed, seen the results, watched the Rich squirm like dogs and the media react to the poor ole smart money and screaming how stupid we all are. Me, it validated my reasoning to just let the whole fucking thing blow up now. At the very least I hope it sends the message that the Rich will have their moment and the 99% of the people are going to go get their ill gotten gains, our cash that we the people worked so hard to get, to get ahead and redemption is due! The Rich better understand there is a tipping point and it will show itself with mobs deciding to show up at their homes and getting their pound of flesh. It's inevitable frankly. Me, I'm a passive personality anymore, I can only live with a degree of integrity, be honest and share my thoughts that really are my standards. I have no influence really except I can voice the truth as I see it. This is the start of something so basic to our human nature: treat me fairly, no crumbs for me as I deserve much more for my efforts. Never think of me as a fool because that will be your first mistake. Coach Perles often said: "work hard, keep your mouth shut and good things will happen". I agree. Bill Russell, the great Bill Russell counseled Shaq to "bury the hatchet" with Koby and he did. Russell said further that Shaq had to "make amends" and Folks, this applies to the Rich as well. They took their pieces, fractions even in the HF game of theirs but it wasn't enough. The cash now is mainlined from the Fed and into their accounts. Our tax dollars for important spending, productive spending and was given to the Rich. This is the awakening and every explanation by the Fed gets less informative and more a feeling of getting screwed. What are they thinking? Peace

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  • Mon, Feb 01, 2021 - 5:21am

    #88
    Seedsower12

    Seedsower12

    Status: Member

    Joined: Feb 07 2020

    Posts: 6

    1

    Bianco interview

    Awesome.

     

    If you want to interview someone who understands the nuts & bolts of all this, you need to interview former Overstock CEO, Patrick Byrne.

    He'll explain, naked-shorting, fails to deliver (which allows it to surpass 100%), regulatory capture, Reg-SHO, etc.

    He created a website to educate people on all this 10+ yrs ago & if I recall correctly, even went after some hedge funds that shorted his company.

    I don't recall all the details, but it would be a fascinating interview, guaranteed.

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  • Mon, Feb 01, 2021 - 8:16am

    #89
    Mysterymet

    Mysterymet

    Status: Bronze Member

    Joined: May 23 2020

    Posts: 169

    0

    Monster boxes over $20k

    Crap mine was under $15k.

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  • Mon, Feb 01, 2021 - 8:49am

    macro2682

    macro2682

    Status: Gold Member

    Joined: Sep 03 2009

    Posts: 384

    0

    Silver in the cross hairs?? Nope.

    I don't buy it.  I think a few big bank/HF insiders went on WSB and manufactured this Silver attack to try and relieve some pressure on GME and others.  This is a con.

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  • Mon, Feb 01, 2021 - 9:54am

    RandomMike

    RandomMike

    Status: Bronze Member

    Joined: Mar 12 2020

    Posts: 166

    0

    Ag US National park quarters

    Got 40 silver quarters on ebay--$288. About $40/oz silver. Search roll of 40 national park quarters. MAKE SURE THEY ARE SILVER QUARTERS!!

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  • Mon, Feb 01, 2021 - 11:44am

    #92

    robshepler

    Status: Silver Member

    Joined: Apr 16 2010

    Posts: 187

    2

    Head fake?

    If I were a clever Redditeer I might talk about a silver move then hit some place else when the eye of Sauron was elsewhere.

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  • Mon, Feb 01, 2021 - 12:02pm

    #93
    cgarcia

    cgarcia

    Status: Bronze Member

    Joined: Sep 02 2020

    Posts: 109

    0

    Small traders can't fight Fed money printing

    It doesn't make any real difference.

    They could flip a coin to go long or short.

    If they make money they get their bonuses.

    If they lose money they get bailed out.

    Anyways, they'll get trading commissions. Look up the term 'churning'.

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  • Mon, Feb 01, 2021 - 12:30pm

    Montana Native

    Status: Bronze Member

    Joined: Mar 17 2009

    Posts: 151

    3

    Buying Silver a con?

    Buying SLV maybe. The prospect of undermining the physical silver market to expose the blatant manipulation of the paper price is already in play. $29 an oz physical silver and on Apmex there are no rounds to buy. Silver Eagles at $43. One hell of a con if it continues.

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  • Mon, Feb 01, 2021 - 12:39pm

    Jim H

    Status: Bronze Member

    Joined: Jun 08 2009

    Posts: 1259

    3

    Wrong CGarcia

    You said,

    Small traders can't fight Fed money

    But they can.. by buying physical.  Yes, endless printed money funds endless short paper contract purchasing, and even losses... but the printed money can't stop physical Silver from selling out and staying sold out at anywhere near the fake paper price.  The fake paper price is getting exposed...

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  • Mon, Feb 01, 2021 - 1:24pm

    #96

    Adam Taggart

    Status: Platinum Member

    Joined: May 25 2009

    Posts: 7144

    7

    #silversqueeze fast becoming #silvershortage?

    #silversqueeze is creating a tale of two metals.

    Paper silver is up 8%. Not too shabby, but nothing extraordinary.

    Physical silver, on the other hand, has seen premiums explode higher as available dealer inventory has been pretty much exhausted already, adding ~50% on top of the spot price.

    #silversqueeze is fast becoming #silvershortage

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  • Mon, Feb 01, 2021 - 3:20pm

    #97
    cgarcia

    cgarcia

    Status: Bronze Member

    Joined: Sep 02 2020

    Posts: 109

    2

    Is most Physical Silver held by individuals or by institutional investors?

    It entirely changes the game who owns most physical Silver.

    I believe that large, very large institutional investors own most of it. Like large hedge funds, sovereign funds, maybe the largest investment banks.

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  • Mon, Feb 01, 2021 - 6:02pm

    dreinmund

    dreinmund

    Status: Bronze Member

    Joined: Mar 19 2011

    Posts: 125

    1

    Re: silver shortage

    Right now, there is merely a shortage of “retails silver products” (coins, small bars), rather than silver in general. Good delivery bars are available with little premium.

    We have had episodes of “retails silver product” shortage before, they typically resolve after a few months. The issue, at the core, is production capacity at mints, rather than silver shortage.

    When it will get really interesting is when premiums start appearing even for large, good delivery bars. That’s when paper silver will de-couple from physical silver.

    It’s too early to tell if the current “squeeze” will directly lead to it. It could, we’ll have to see.

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  • Mon, Feb 01, 2021 - 6:52pm

    Mysterymet

    Mysterymet

    Status: Bronze Member

    Joined: May 23 2020

    Posts: 169

    0

    Who owns the most silver?...industrial users

    Silver Demand

    of course when we use it in industrial applications it is not easy to get it back out to elemental silver.

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  • Mon, Feb 01, 2021 - 7:48pm

    Adam Taggart

    Status: Platinum Member

    Joined: May 25 2009

    Posts: 7144

    12

    Feedback from a precious metals dealer on the frontlines

    Just finished interviewing a precious metals dealer on the front lines of the #silversqueeze

    He's been an independent PM dealer for nearly 60 years. He's seen the previous buying panics of the '60, '70s, the 1980 super spike, and the 2012 runup. He understands the plumbing of the retail side of the industry better than nearly anyone alive today.

    He shared super valuable insights into the current state of inventories and why the army of retail buyers may have a good chance of spiking #silver higher in the near term.

    But I'll leave it at that for now. Video out tomorrow am!

    cheers,
    A

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  • Mon, Feb 01, 2021 - 9:15pm

    ao

    ao

    Status: Platinum Member

    Joined: Feb 04 2009

    Posts: 1512

    1

    California Numismatic Investments, is all sold out except for the following

    Silver Krugerrands (including monster boxes)

    Silver Philharmonics (including monster boxes)

    Silver Britannias

    Quite frankly, I'm surprised these coins are left.

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  • Mon, Feb 01, 2021 - 10:33pm

    Mark_BC

    Status: Bronze Member

    Joined: Apr 30 2010

    Posts: 492

    0

    Mark_BC said:

    And that will require serious money to get in to buy up the industrial bars.

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  • Tue, Feb 02, 2021 - 12:17am

    TamHob

    TamHob

    Status: Bronze Member

    Joined: Feb 13 2020

    Posts: 62

    2

    Indirectly buying large physical bars

    Assuming one can no longer acquire physical silver at reasonable prices compared to spot/at all and not in a position to take delivery of a bar from COMEX directly.... does not buying from an audited, reliable 100%-backed-by-physical 3rd party fund like Perth Mint or PSLV then require that fund to take delivery of big bars from COMEX and thus indirectly force premiums on those up too? I realise downsides compared to physical in your own possession but for purposes of joining in the squeeze...

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  • Tue, Feb 02, 2021 - 3:36am

    Mysterymet

    Mysterymet

    Status: Bronze Member

    Joined: May 23 2020

    Posts: 169

    1

    I don’t see industrial users parting with their silver

    They need it for their products. There is also the possibility that they have bought it on long term contracts. Materials companies often hedge on raw material supply. When you measure your silver use in pounds you can’t afford too much volatility...

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  • Tue, Feb 02, 2021 - 3:56am

    brushhog

    brushhog

    Status: Bronze Member

    Joined: Oct 06 2015

    Posts: 204

    1

    market split

    So, once the paper market separates from the physical...how long can it last? I mean, if the paper price no longer represents the actual silver price, what good is it?

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  • Wed, Feb 03, 2021 - 9:20am

    Time2help

    Time2help

    Status: Platinum Member

    Joined: Jun 08 2011

    Posts: 2410

    1

    "Paper"

    Have found it better to think of it as digital versus physical silver. Maps better to the digital versus physical worlds we find ourselves increasingly vacillating between.

    Lock down the real world and force everyone onto the digital plantation...where the digital price becomes the real price of everything. Or so some theorize.

    It takes a lot of energy and resources to keep the digital world up and running.

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  • Wed, Feb 03, 2021 - 11:50pm

    egypsaparking

    egypsaparking

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    Joined: Feb 04 2021

    Posts: 1

    0

    Car parking lifts in Egypt

    https://www.egypsaparking.com/car-parking-lifts-in-egypt/

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  • Thu, Feb 04, 2021 - 7:48pm

    CurtS

    CurtS

    Status: Member

    Joined: Mar 15 2020

    Posts: 5

    1

    CurtS said:

    Silver was never in sight, it was another blatant attempt to sway people away from the big picture. 5 million people could care less about silver. Its all a false narrative to distract the herd. Its all done by the people who really pull the strings. These are groups of power obsessed individuals who control everything.

    Over the last two weeks I have learned things I wish I didn't. Ignorance is bliss. The most frightening thing are these people behind the curtains, they are extremely dangerous to put it lightly. They have absolute power to do as they please. They control all the narratives. They make the rules and change them to however it benefits them. They will dissect and destroy any person or business who dares to fight against them.

    Two weeks ago their cage was rattled by a small subset of people and now they “elites” are out for blood. They have just one small problem though. 8 million + people who are tired of all the BS. One important thing to remember this was never about the money, this is about people trying to prevent this country from being another CCP.

    Two weeks ago something happened, people saw an opportunity to be heard, and at spike of GME it began. Everyone learned that as a collective we can fight back without a single bullet being fired and not a drop of blood spilled. It was all done with keystrokes. This is what a civil war looks like in 2021.

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  • Wed, Feb 10, 2021 - 6:31am

    Barbara

    Barbara

    Status: Bronze Member

    Joined: Dec 15 2009

    Posts: 199

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    Something else to revolt against Neuromarketing (e.g. e.g. media brainwashing)

    Although Daniel Amen now looks like part of the establishment, I first met him when the psychiatric community was trying to get his license pulled - doesn't this sound like something we're seeing now in our community.
    His work with the NFL on using brainscans to document head injuries has pulled him into the mainstream and made him a celebrity, but I don't read him as becoming part of the establishment.
    Here's his latest on media damage - in non-technical words, but he knows his stuff.

    Are Scheming Dragons Stealing Your Mind?

    Adam, might be a guest for your podcasts.

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  • Wed, Feb 10, 2021 - 5:03pm

    Barbara

    Barbara

    Status: Bronze Member

    Joined: Dec 15 2009

    Posts: 199

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    McKinsey admits to helping Purdue sell death - sounds like an oops we got caught

    Mckinsey says about Consulting on how to sell more opioids "We recognize that this work, while lawful,"  ... "McKinsey has continued to take steps to strengthen its client selection policies, professional standards, and its risk and governance processes"

    https://www.mckinseyopioidfacts.com/

    Well, as long as it was legal and they could make billions helping sell death, it was OK -- oops they need to look at toxic clients with an eye to the risk to them when the clients get caught.

    Thought you guys might also enjoy this rant by George Carlin to frame the problem

    https://www.youtube.com/watch?app=desktop&v=Bc31Vi1h4rk&ab_channel=aConcernedHuman

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