Blitzdude is the only one that calls silver "gutter metal". Now that it's over $50, he should stop that nonsense. It makes him sound ignorant.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
@jmski52 said:
You can pump the financial system's paper all you want. I'm not buying it.
Apparently, nobody is buying the physical gutter either. pump away. RGDS!
.
Someone is paying a premium to get silver right now. At major metals exchanges, a premium for near-term delivery of silver is being paid. Farther out (in time) deliveries are priced lower than near-term deliveries because there is not enough institutional silver to meet current demand, and people expect refinery output to provide more institutional silver down the road.
To say that "nobody" is buying silver is obviously FALSE.
Institutions aren't buying street-level silver (especially that which is less than 999). Institutional buyers want large standard bars. This is why refineries are currently over-supplied by the general public. The refineries are likely in a sort of cash crunch right now, waiting to get paid on large bars that are passing through metals exchanges. This is why the refineries have temporarily limited their intake of silver.
Contango and backwardation are terms used to define the structure of the forward curve. When a market is in contango, the forward price of a futures contract is higher than the spot price. Conversely, when a market is in backwardation, the forward price of the futures contract is lower than the spot price.
There is something that is broken in the silver market, and we will probably find out what that is, sometime this coming week. I don't think that it's a good time to be short silver.
Q: Are You Printing Money? Bernanke: Not Literally
Comments
Blitzdude is the only one that calls silver "gutter metal". Now that it's over $50, he should stop that nonsense. It makes him sound ignorant.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
It's still the gutter. Metal of Kings is still 80x. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
It was 100x a few months ago
COPPER is gutter metal. Geeez
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
It's nothing but a shtick. And a drawn out yawner for sure.
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 call it "Dispatches from a Kentucky Trailer Park"
Loves me some shiny!
Gentlemen, Gentlemen, well I know my Silver is the money of Gentlemen...
It's all about what the people want...
It was 30x 15 years ago. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
All those dudes who have been stacking thousands of dollars of copper pennies in their basements are about to have their day in the sun, too.
illegal to melt copper pennies for profit; they can always spend them for a loss.
No Way Out: Stimulus and Money Printing Are the Only Path Left
Context was copper is actually ..... gutter metal (for those with deeper pockets of course)
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
Cancel that command, radar glitch.😀
Or the captain heard you.
Silver is not in backwardation. Out month futures are priced higher than near month.
Knowledge is the enemy of fear
Silver is not in backwardation. Out month futures are priced higher than near month.
Why do you continue to blow smoke up peoples' rear ends? Futures are paper, the spot/cash market is real.
Been buying any bonds lately?
I knew it would happen.
Why do you continue to believe crap that isn't true? You don't understand backwardation.
Here...learn something...
https://www.cmegroup.com/education/courses/introduction-to-precious-metals/what-is-contango-and-backwardation.html
Bonds have performed quite well this year. Thanks for asking.
Knowledge is the enemy of fear
You can pump the financial system's paper all you want. I'm not buying it.
I knew it would happen.
Apparently, nobody is buying the physical gutter either. pump away. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Maybe you should start shorting some silver along with coho.
I knew it would happen.
.
Someone is paying a premium to get silver right now. At major metals exchanges, a premium for near-term delivery of silver is being paid. Farther out (in time) deliveries are priced lower than near-term deliveries because there is not enough institutional silver to meet current demand, and people expect refinery output to provide more institutional silver down the road.
To say that "nobody" is buying silver is obviously FALSE.
Institutions aren't buying street-level silver (especially that which is less than 999). Institutional buyers want large standard bars. This is why refineries are currently over-supplied by the general public. The refineries are likely in a sort of cash crunch right now, waiting to get paid on large bars that are passing through metals exchanges. This is why the refineries have temporarily limited their intake of silver.
.
Contango and backwardation are terms used to define the structure of the forward curve. When a market is in contango, the forward price of a futures contract is higher than the spot price. Conversely, when a market is in backwardation, the forward price of the futures contract is lower than the spot price.
There is something that is broken in the silver market, and we will probably find out what that is, sometime this coming week. I don't think that it's a good time to be short silver.
I knew it would happen.