PSLV's physical purchases, like other silver buyers, are no doubt putting demand pressure on the entire market creating stress everywhere, including COMEX.
Mostly, I'm trying to get this image out into the ether so the shills come and attack PSLV. I'm ready to expose their silliness.
PSLV is the safest and best choice for a silver ETF. Unlike other metal ETFs that have a communal claim on highly leveraged COMEX metal PSLV is backed with it's own actual silver metal held at the Royal Canadian Mint.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
PSLV's physical purchases, like other silver buyers, are no doubt putting demand pressure on the entire market creating stress everywhere, including COMEX.
Mostly, I'm trying to get this image out into the ether so the shills come and attack PSLV. I'm ready to expose their silliness.
PSLV is the safest and best choice for a silver ETF. Unlike other metal ETFs that have a communal claim on highly leveraged COMEX metal PSLV is backed with it's own actual silver metal held at the Royal Canadian Mint.
"If BankAmerica did borrow and sell the metal to the silver ETFs, as appears to be the case, it is now short 300 million ounces of physical silver, which is a heck of lot worse than being short 60,000 contracts of COMEX futures."
You can bet BoA will do everything it can to keep spot down as they are going to have to buy and return the 300 million ozs. of silver to JPM or continue paying the leasing fee indefinitely . With BoA now owing JPM 300 million oz. of silver JPM might be planning on "letting" spot rise to the point where they simply break BoA and take them over.
I'd say JPM will have BoA over a barrel. The more spot rises, the bigger the barrel.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Very interesting. I wonder if they'll find a different scapegoat and bail out BoA or arrange for BoA to be bailed out by taxpayers. They are all part of the same club.
Q: Are You Printing Money? Bernanke: Not Literally
Seems to be solidifying in the mid 20s...still think we see 30s this year. When I posted originally, I thought it was going to fall under 20 as it was going down quickly from 29 to 23/24.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Talk all the doom and gloom about the economy you want. Your truth may be different than others but the truth in my neck of the woods is that darn near every business you go into has a help wanted sign.
We’ve been trying to hire skilled workers for months. Advertise on all the major job sites and get little to no responses. Offering more in wages to try and entice people off the government free money. Every business owner I talk to says the same thing. Can’t find people. Guess they don’t have internet in the tent city.
California has had tent cities like that for decades. Wasn’t because the Comex was going to implode. Was because there is a drug problem in our country and nobody wants to pull off the bandaid so instead they let them move into the playgrounds and parks. Judges forcing cities to house the homeless in hotels using taxpayer dollars to clean up a park just to let them move back in.
Comments
PSLV is the safest and best choice for a silver ETF. Unlike other metal ETFs that have a communal claim on highly leveraged COMEX metal PSLV is backed with it's own actual silver metal held at the Royal Canadian Mint.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Or so they say.
The whole worlds off its rocker, buy Gold™.
BoA sticks its head in the silver noose.
"If BankAmerica did borrow and sell the metal to the silver ETFs, as appears to be the case, it is now short 300 million ounces of physical silver, which is a heck of lot worse than being short 60,000 contracts of COMEX futures."
You can bet BoA will do everything it can to keep spot down as they are going to have to buy and return the 300 million ozs. of silver to JPM or continue paying the leasing fee indefinitely . With BoA now owing JPM 300 million oz. of silver JPM might be planning on "letting" spot rise to the point where they simply break BoA and take them over.
I'd say JPM will have BoA over a barrel. The more spot rises, the bigger the barrel.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Very interesting. I wonder if they'll find a different scapegoat and bail out BoA or arrange for BoA to be bailed out by taxpayers. They are all part of the same club.
I knew it would happen.
a small stumble..but it bounced right up again
Loves me some shiny!
Click on this link to see my ebay listings.
The darn stuff just keeps bouncing up!
Speaking of falling up a cliff, palladium continues to take no prisoners.
The Laughing Buddha will prevail..
Seems to be solidifying in the mid 20s...still think we see 30s this year. When I posted originally, I thought it was going to fall under 20 as it was going down quickly from 29 to 23/24.
Dollar falling, bonds wilting, inflation clawing in, dogs and cats playing together, it's no wonder PM's are up..
For today, anyway.
**Could it be a new gutter forming? **
Loves me some shiny!
that second gutter looks more like a broken curb.
will we get a sidewalk?
Doubt it will EVER leave the gutter. Certainly hasn't throughout modern recorded history.
The whole worlds off its rocker, buy Gold™.
Wait a minute...that's no sidewalk!....It's an on ramp.... TO DA MOON!
Loves me some shiny!
Silver "going down":
Kewl...Camping is fun. Smores for the kids. Port for dad. A firepit and good conversation for all.
Knowledge is the enemy of fear
LOL, kind of made me want to go camping too.
The whole worlds off its rocker, buy Gold™.
looks like you actually visited the dollar camp.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Talk all the doom and gloom about the economy you want. Your truth may be different than others but the truth in my neck of the woods is that darn near every business you go into has a help wanted sign.
We’ve been trying to hire skilled workers for months. Advertise on all the major job sites and get little to no responses. Offering more in wages to try and entice people off the government free money. Every business owner I talk to says the same thing. Can’t find people. Guess they don’t have internet in the tent city.
California has had tent cities like that for decades. Wasn’t because the Comex was going to implode. Was because there is a drug problem in our country and nobody wants to pull off the bandaid so instead they let them move into the playgrounds and parks. Judges forcing cities to house the homeless in hotels using taxpayer dollars to clean up a park just to let them move back in.
My Ebay Store
The biggest margin call in history is happening.
But sure make it political so they lock this thread, gg.