Dealers only need refiners when customers are not buying.
Like now?
You're saying there is no customer demand?
No. You're saying that. Dealers are lowering offers because they dont want to take in anymore physical because their refiners have closed the doors. The dealers need the refiners now.
Dealers don't need refiners, they are in the business of selling retail. . . and prices tell us they have buyers.
Were you asleep when econ 101 taught you rising prices reveal a seller's market?
Lol. Earlier you said dealers need refiners. Make up your mind
They dont have the money to keep buying. They need to sell what they bring in to be able to buy more.
Were you asleep in business management class? Oh that's right, you have no business experience.
Seems like some physical holders got their chairs ripped out from under them?
Not so. Only the button clickers that speculate in SLV got their chairs ripped out from under them. And the paper pushers in the stock market as well. Stackers could care less until they are ready to divest a portion.
The metals are recovering nicely already. After the historic runup that we've experienced recently, I would expect some sort of consolidation, but it really doesn't look like this is one, yet.
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said: Seems like some physical holders got their chairs ripped out from under them?
Not so. Only the button clickers that speculate in SLV got their chairs ripped out from under them. And the paper pushers in the stock market as well.
The metals are recovering nicely already. After the historic runup that we've experienced recently, I would expect some sort of consolidation, but it really doesn't look like this is one, yet.
Really? Seems those "constitutional silver" stackers might be having a hard time finding a buyer.
Tough go when one can't find a counterparty. Imagine showing up to the LCS with your "precious" only to see they dont want it. Yikes!! Not even a chair to sit in the parking lot.
Really? Seems those "constitutional silver" stackers might be having a hard time finding a buyer.
Tough go when one can't find a counterparty. Imagine showing up to the LCS with your "precious" only to see they dont want it. Yikes!! Not even a chair to sit in the parking lot.
Wasn't it you who recently stated that you don't come here to disparage precious metals? Instead of trying to shed light on what is going on in the market, it seems that you always attempt to create uncertainty about putting money into precious metals. It isn't working.
The cash market in silver has now taken a hit this morning, while silver futures are up. Contango has returned for the time being. Since no one knows what's going on in London, it's fair to assume that the bankers had time to analyze their short positions and to find ways to push money around enough to temporarily dodge the negative outcomes of the squeeze on their positions.
So now we're back to the fundamentals again. India, China, Saudi and the US military will continue to suck up supply in the face of a 5 year supply shortage. The last thing I'd do now is to sell any silver - bars, coins, silverware, .999 or 90% - none of it. This market isn't done by any stretch of the imagination.
Having trouble selling bonds these days? Your institutional customers can't be very happy right now.
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said: Seems like some physical holders got their chairs ripped out from under them?
Not so. Only the button clickers that speculate in SLV got their chairs ripped out from under them. And the paper pushers in the stock market as well.
The metals are recovering nicely already. After the historic runup that we've experienced recently, I would expect some sort of consolidation, but it really doesn't look like this is one, yet.
Really? Seems those "constitutional silver" stackers might be having a hard time finding a buyer.
Tough go when one can't find a counterparty. Imagine showing up to the LCS with your "precious" only to see they dont want it. Yikes!! Not even a chair to sit in the parking lot.
.
How are all your stock funds doing this week ?
When local coin shops significantly discount 90% silver coin, that will be a good time to buy from them. But, as far as I have seen, they have not discounted it much (if at all). They apparently have potential buyers. A well-run operation will always adjust buy-sell prices on the fly so as to keep deals happening.
@jmski52 said: Really? Seems those "constitutional silver" stackers might be having a hard time finding a buyer.
Tough go when one can't find a counterparty. Imagine showing up to the LCS with your "precious" only to see they dont want it. Yikes!! Not even a chair to sit in the parking lot.
Wasn't it you who recently stated that you don't come here to disparage precious metals? Instead of trying to shed light on what is going on in the market, it seems that you always attempt to create uncertainty about putting money into precious metals. It isn't working.
The cash market in silver has now taken a hit this morning, while silver futures are up. Contango has returned for the time being. Since no one knows what's going on in London, it's fair to assume that the bankers had time to analyze their short positions and to find ways to push money around enough to temporarily dodge the negative outcomes of the squeeze on their positions.
So now we're back to the fundamentals again. India, China, Saudi and the US military will continue to suck up supply in the face of a 5 year supply shortage. The last thing I'd do now is to sell any silver - bars, coins, silverware, .999 or 90% - none of it. This market isn't done by any stretch of the imagination.
Having trouble selling bonds these days? Your institutional customers can't be very happy right now.
Seems like your comments are the ones creating uncertainty. These are "certainties"? Since no one knows what's going on assume that the bankers had time to analyze find ways to push money around dodge the negative outcomes of the squeeze
Finally after 25 year PMs have performed in line with other assets....just like I stated 15 years ago that over time all assets will perform the same. But guys always feel the need for some nefarious narrative, Arent you tired of all the angst already? Get out and enjoy this great country....while you still can.
Anyone know what's the GSR? Man, I thought dumping gutter for dollars would be hard. Can't even find a human willing to swap the Au for the gutter. The paper stuff SLV its simple, click, click but this be wuork. Let me know when anyone starts buying physical gutter. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Is this a Precious Metals board?
Are metals at an all-time high??
Every party has to have one (or two) miserable gits that go around piddling on other people's shoes. Usually it is the ones that just finished telling you how rich and happy they are living in god's country...
Is this a Precious Metals board?
Are metals at an all-time high??
Every party has to have one (or two) miserable gits that go around piddling on other people's shoes. Usually it is the ones that just finished telling you how rich and happy they are living in god's country...
I kinda like being nervous and really excited at the same time.
I'm nervous about what it means to the value of my dollars. I have more of them than I have silver.
I agree. I'd feel much different about the current spot prices if this were a slow, 15 year melt up from like 50 to 150 or 1k to 5k gold.
What bugs me is let's say it is true that it has been manipulated and suppressed for decades. It would stand to reason that 53/oz silver is the best "they" can do to keep the clown show going. What is going to happen to the price when they can no longer do so?
How much are their losses so far? Have they realized their losses yet? Is there even enough money in the financial system to pay that bill? Or will it be printed away, as such things most often are, and bread will be $20 a loaf?
What bugs me is let's say it is true that it has been manipulated and suppressed for decades. It would stand to reason that 53/oz silver is the best "they" can do to keep the clown show going. What is going to happen to the price when they can no longer do so?
How much are their losses so far? Have they realized their losses yet? Is there even enough money in the financial system to pay that bill? Or will it be printed away, as such things most often are, and bread will be $20 a loaf?
Keep in mind that a lot of futures contracts nearing expiration were bought at a much lower silver price. Could be a lot of "i'll take delivery or cash" events as price continues higher. The only other option for these contract holders is to roll the contract over at a much higher cost and a higher margin.
_What bugs me is let's say it is true that it has been manipulated and suppressed for decades. It would stand to reason that 53/oz silver is the best "they" can do to keep the clown show going. What is going to happen to the price when they can no longer do so?
That's a very good question.
How much are their losses so far?
That's another very good question.
Have they realized their losses yet?
Doubtful. Their whole existence revolves around having you pay for their livelihoods and extravagances.
Is there even enough money in the financial system to pay that bill?
I kinda doubt it.
Or will it be printed away, as such things most often are
Most Likely
and bread will be $20 a loaf?
If so, remember that 70% of Americans are now living paycheck to paycheck, and most people will be casting about for ways to buy food. Count your blessings if you've managed your finances well.
Q: Are You Printing Money? Bernanke: Not Literally
Is this a Precious Metals board?
Are metals at an all-time high??
Every party has to have one (or two) miserable gits that go around piddling on other people's shoes. Usually it is the ones that just finished telling you how rich and happy they are living in god's country...
Comments
Lol. Earlier you said dealers need refiners. Make up your mind
They dont have the money to keep buying. They need to sell what they bring in to be able to buy more.
Were you asleep in business management class? Oh that's right, you have no business experience.
Knowledge is the enemy of fear
Post every little dip Bob! CLICK CLICK!
ISO 1978 Topps Baseball in NM-MT High Grade Raw 3, 100, 103, 302, 347, 376, 416, 466, 481, 487, 509, 534, 540, 554, 579, 580, 622, 642, 673, 724__________________________________________________________________________________________________________________________________ISO 1978 O-Pee-Chee in NM-MT High Grade Raw12, 21, 29, 38, 49, 65, 69, 73, 74, 81, 95, 100, 104, 110, 115, 122, 132, 133, 135, 140, 142, 151, 153, 155, 160, 161, 167, 168, 172, 179, 181, 196, 200, 204, 210, 224, 231, 240
Do you want to be one of many without a chair?
The SLV chairs are sitting on the deck of the Titanic.
Do you really believe SLV has possession of 1/10 of the word's available refined bullion?
Patience. It's only a matter of time.
I knew it would happen.
Seems like some physical holders got their chairs ripped out from under them?
Knowledge is the enemy of fear
Seems like some physical holders got their chairs ripped out from under them?
Not so. Only the button clickers that speculate in SLV got their chairs ripped out from under them. And the paper pushers in the stock market as well. Stackers could care less until they are ready to divest a portion.
The metals are recovering nicely already. After the historic runup that we've experienced recently, I would expect some sort of consolidation, but it really doesn't look like this is one, yet.
I knew it would happen.
Really? Seems those "constitutional silver" stackers might be having a hard time finding a buyer.
Tough go when one can't find a counterparty. Imagine showing up to the LCS with your "precious" only to see they dont want it. Yikes!! Not even a chair to sit in the parking lot.
Knowledge is the enemy of fear
Really? Seems those "constitutional silver" stackers might be having a hard time finding a buyer.
Tough go when one can't find a counterparty. Imagine showing up to the LCS with your "precious" only to see they dont want it. Yikes!! Not even a chair to sit in the parking lot.
Wasn't it you who recently stated that you don't come here to disparage precious metals? Instead of trying to shed light on what is going on in the market, it seems that you always attempt to create uncertainty about putting money into precious metals. It isn't working.
The cash market in silver has now taken a hit this morning, while silver futures are up. Contango has returned for the time being. Since no one knows what's going on in London, it's fair to assume that the bankers had time to analyze their short positions and to find ways to push money around enough to temporarily dodge the negative outcomes of the squeeze on their positions.
So now we're back to the fundamentals again. India, China, Saudi and the US military will continue to suck up supply in the face of a 5 year supply shortage. The last thing I'd do now is to sell any silver - bars, coins, silverware, .999 or 90% - none of it. This market isn't done by any stretch of the imagination.
Having trouble selling bonds these days? Your institutional customers can't be very happy right now.
I knew it would happen.
.
How are all your stock funds doing this week ?
When local coin shops significantly discount 90% silver coin, that will be a good time to buy from them. But, as far as I have seen, they have not discounted it much (if at all). They apparently have potential buyers. A well-run operation will always adjust buy-sell prices on the fly so as to keep deals happening.
.
Another entry point for paper silver setting up nicely. Set those stops and have some fun
Loves me some shiny!
Bank of America calls for $5000 gold and $65 silver in 2026
ISO 1978 Topps Baseball in NM-MT High Grade Raw 3, 100, 103, 302, 347, 376, 416, 466, 481, 487, 509, 534, 540, 554, 579, 580, 622, 642, 673, 724__________________________________________________________________________________________________________________________________ISO 1978 O-Pee-Chee in NM-MT High Grade Raw12, 21, 29, 38, 49, 65, 69, 73, 74, 81, 95, 100, 104, 110, 115, 122, 132, 133, 135, 140, 142, 151, 153, 155, 160, 161, 167, 168, 172, 179, 181, 196, 200, 204, 210, 224, 231, 240
Seems like your comments are the ones creating uncertainty. These are "certainties"?
Since no one knows what's going on
assume that the bankers had time to analyze
find ways to push money around
dodge the negative outcomes of the squeeze
Finally after 25 year PMs have performed in line with other assets....just like I stated 15 years ago that over time all assets will perform the same. But guys always feel the need for some nefarious narrative, Arent you tired of all the angst already? Get out and enjoy this great country....while you still can.
Knowledge is the enemy of fear
Anyone know what's the GSR? Man, I thought dumping gutter for dollars would be hard. Can't even find a human willing to swap the Au for the gutter. The paper stuff SLV its simple, click, click but this be wuork. Let me know when anyone starts buying physical gutter. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
i'd still use kitco spot to calculate the gsr
you can always use the futures too, but i think kitco is the way to do it
THKS! I doubt Id even be able to realistic swap at 120:1 in today's environment. Even at elevated prices, the gutter remains in the gutter. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
kitco is over 52
futures are 51.15
.
Sour grapes make fine whine.
.
volatility with silver will remain, even as prices climb. Opportunity abounds.
No Way Out: Stimulus and Money Printing Are the Only Path Left
Volatility is FUN. 🤩
ISO 1978 Topps Baseball in NM-MT High Grade Raw 3, 100, 103, 302, 347, 376, 416, 466, 481, 487, 509, 534, 540, 554, 579, 580, 622, 642, 673, 724__________________________________________________________________________________________________________________________________ISO 1978 O-Pee-Chee in NM-MT High Grade Raw12, 21, 29, 38, 49, 65, 69, 73, 74, 81, 95, 100, 104, 110, 115, 122, 132, 133, 135, 140, 142, 151, 153, 155, 160, 161, 167, 168, 172, 179, 181, 196, 200, 204, 210, 224, 231, 240
I kinda like being nervous and really excited at the same time.
I'm nervous about what it means to the value of my dollars. I have more of them than I have silver.
No Way Out: Stimulus and Money Printing Are the Only Path Left
Is this a Precious Metals board?
Are metals at an all-time high??
Loves me some shiny!
Every party has to have one (or two) miserable gits that go around piddling on other people's shoes. Usually it is the ones that just finished telling you how rich and happy they are living in god's country...
.
@blitzdude @RedneckHB
.
I agree. I'd feel much different about the current spot prices if this were a slow, 15 year melt up from like 50 to 150 or 1k to 5k gold.
What bugs me is let's say it is true that it has been manipulated and suppressed for decades. It would stand to reason that 53/oz silver is the best "they" can do to keep the clown show going. What is going to happen to the price when they can no longer do so?
How much are their losses so far? Have they realized their losses yet? Is there even enough money in the financial system to pay that bill? Or will it be printed away, as such things most often are, and bread will be $20 a loaf?
Keep in mind that a lot of futures contracts nearing expiration were bought at a much lower silver price. Could be a lot of "i'll take delivery or cash" events as price continues higher. The only other option for these contract holders is to roll the contract over at a much higher cost and a higher margin.
An Introduction To Trading Silver Futures
No Way Out: Stimulus and Money Printing Are the Only Path Left
_What bugs me is let's say it is true that it has been manipulated and suppressed for decades. It would stand to reason that 53/oz silver is the best "they" can do to keep the clown show going. What is going to happen to the price when they can no longer do so?
That's a very good question.
How much are their losses so far?
That's another very good question.
Have they realized their losses yet?
Doubtful. Their whole existence revolves around having you pay for their livelihoods and extravagances.
Is there even enough money in the financial system to pay that bill?
I kinda doubt it.
Or will it be printed away, as such things most often are
Most Likely
and bread will be $20 a loaf?
If so, remember that 70% of Americans are now living paycheck to paycheck, and most people will be casting about for ways to buy food. Count your blessings if you've managed your finances well.
I knew it would happen.
Jealousy is not an admirable trait.
Knowledge is the enemy of fear