@NJCoin said:
Apmex publishes a bid/ask spread. The difference represents a liquid market dealer markup. Anything beyond that is called "excess profits" where I come from.
The obvious conclusion would be that to avoid the "excess profits" scenario, one should sell to Apmex.
The past week and half, zero sales. In fact, been turning thousands and thousands of oz down, I have no buyers at all, ZERO
Few are buying at $60, yet; those who are buying are looking for back of spot or very close to spot. If you check the BST several sellers have been able to sell 90% material there in the past two weeks.
@291fifth said:
As long as chaos reigns the price will continue to rise. If chaos ends expect a big decline.
No. Silver is leading gold now. This is because there's a growing recognition of a silver shortage. There can't be a gold shortage because as price goes up there will be an equilibrium between supply and demand fixed by deficit spending and inflation. But they need silver delivered and without our coins every other source has already been tapped. The people buying silver have giants corporations, governments and eight billion taxpayers backing them.
Decades of allowing the banks to spoof silver have created a situation where the silver is gone, wasted, and shuttled into garbage dumps because bankers could get rich by breaking the law. Those who are still short are paying a very heavy price.
This isn't about chaos, it's returning sanity.
Chaos is a very important contributing factor. There may be other factors as well.
@NJCoin said:
Apmex publishes a bid/ask spread. The difference represents a liquid market dealer markup. Anything beyond that is called "excess profits" where I come from.
The obvious conclusion would be that to avoid the "excess profits" scenario, one should sell to Apmex.
Right?
Yes. @jmlanzaf is failing to recognize that the spread is not meant to be a risk free profit for a person standing at a counter matching buyers and sellers instantaneously. Because they could just meet in the middle and cut out the dealer entirely. The spread is meant to compensate for the risk of holding inventory. Period.
Blowing that spread out beyond widely published quotes is just taking advantage of unknowledgeable or desperate buyers or sellers.
@NJCoin
The spot spread you quote is for institutional players, betting millions daily. Why would you think that exact spread difference applies to the B&M's business model, who usually deal with a wholesaler who takes a cut (when the B&M has enough inventory to ship & wait for payment) & who pays the shipping costs.
@291fifth said:
As long as chaos reigns the price will continue to rise. If chaos ends expect a big decline.
No. Silver is leading gold now. This is because there's a growing recognition of a silver shortage. There can't be a gold shortage because as price goes up there will be an equilibrium between supply and demand fixed by deficit spending and inflation. But they need silver delivered and without our coins every other source has already been tapped. The people buying silver have giants corporations, governments and eight billion taxpayers backing them.
Decades of allowing the banks to spoof silver have created a situation where the silver is gone, wasted, and shuttled into garbage dumps because bankers could get rich by breaking the law. Those who are still short are paying a very heavy price.
This isn't about chaos, it's returning sanity.
Chaos is a very important contributing factor. There may be other factors as well.
I would certainly agree that chaos started gold higher and gold dragged silver along for the ride. But what's going on now is different I believe. While gold has stabilized a bit under intense demand silver can not stabilize because of a growing buying panic. The demand for silver is created by hope for the future and demand for gold is from fear past mistakes will ruin us.
For now both are likely to do well. Once the news turns good gold demand will decrease and silver demand will increase.
Perhaps if the gutter hit's $60 dealers will finally offer to buy at $50? This gutter has to be the worst investment ever invented. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
@blitzdude said:
This gutter has to be the worst investment ever invented. RGDS!
The past week would beg to differ.
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
@blitzdude said:
This gutter has to be the worst investment ever invented. RGDS!
The past week would beg to differ.
That's paper gutter, yes I agree. I was referring to physical gutter, the stuff nobody wants. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
@blitzdude said:
This gutter has to be the worst investment ever invented. RGDS!
The past week would beg to differ.
That's paper gutter, yes I agree. I was referring to physical gutter, the stuff nobody wants. RGDS!
P.S. Cashed out another 1000ozt/shares today. Another quick easy $15K. Another 3.5 AGE's headed my way. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
@coastaljerseyguy said: @NJCoin
The spot spread you quote is for institutional players, betting millions daily. Why would you think that exact spread difference applies to the B&M's business model, who usually deal with a wholesaler who takes a cut (when the B&M has enough inventory to ship & wait for payment) & who pays the shipping costs.
Because I do. The spread is around 2.5%. It's not intuitive to me why a wholesale spread, involving much greater dollars, and presumably greater risk for the dealer, should have a narrower spread than a retail spread. Other than people in the wholesale market know what they are doing, and won't stand for being ripped off. Either as a buyer or a seller.
Also not clear to me why 2.5% is not enough for something that is highly liquid and widely traded. Honestly reminds me of foreign exchange rates at foreign hotels and kiosks in airports, as opposed to the rate a bank gives when using a credit card. On presumably micro transactions, as opposed to hundreds or thousands of dollars worth of currency at a time.
It's not because foreign currency costs more to convert at a kiosk. It's that people converting at a kiosk are uneducated as to value, or desperate, and the vendors take advantage of that.
You don't have to convince me. You are just confirming why I don't buy or sell bullion locally.
P.S. Cashed out another 1000ozt/shares today. Another quick easy $15K. Another 3.5 AGE's headed my way. RGDS!
Move it into ZSL?
No Sir, AGE's with the profit, USO/XLE for the existing capital. Looks like the big ole war machine is waking back up. RGDS!
P.S. Theres another 400ozt for a quick $3.5k.
THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
@blitzdude said:
Paper price is $56 but dealers are only offering $45-50 in the physical world. Stuff like 90% and less the refiners don't even want it. RGDS!
I’m sure the guys who bought 100 oz. bars at $16 an oz. are ok with getting $45 to $50 for it now.
No I'm not
>
Tripling your money on a commodity that historically isn’t even a good investment but more of a hedge? It’s not the norm. It’s not the new norm either.
Oh yeah, i should be happy to sell at 10-20% less than spot just because it's more than i paid. Makes perfect sense.
That's paper gutter, yes I agree. I was referring to physical gutter, the stuff nobody wants. RGDS!
P.S. Cashed out another 1000ozt/shares today. Another quick easy $15K. Another 3.5 AGE's headed my way. RGDS!
Wow! You have done it again! It is soooooo rare for someone to bat 1000 in any market. And yet here you are, ANOTHER 4 BAGGER!™ from the trailer Park.
And you bless this board by going out your way to enlighten all of us with your non-stop, perfect timing winning trades! Take a few days off big driver...you should be on a beach enjoying ...yet another....MASSIVE LOOT HAUL™
That's paper gutter, yes I agree. I was referring to physical gutter, the stuff nobody wants. RGDS!
P.S. Cashed out another 1000ozt/shares today. Another quick easy $15K. Another 3.5 AGE's headed my way. RGDS!
Wow! You have done it again! It is soooooo rare for someone to bat 1000 in any market. And yet here you are, ANOTHER 4 BAGGER!™ from the trailer Park.
And you bless this board by going out your way to enlighten all of us with your non-stop, perfect timing winning trades! Take a few days off big driver...you should be on a beach enjoying ...yet another....MASSIVE LOOT HAUL™
OR
(there is another explanation) - Occam's Razor
If you look at the OP he does show the actual details
Interesting tidbit in your trade confirmation - you received $51.66 and ounce for your 'silver' at a time it was trading around $58 an ounce. That is an ~$6 discount, or 11%. You claim (ad nauseam) that SLV doesn't have discounts or fees or heck - even counter-party risk. Where did that 11% go blitz?
Interesting tidbit in your trade confirmation - you received $51.66 and ounce for your 'silver' at a time it was trading around $58 an ounce. That is an ~$6 discount, or 11%. You claim (ad nauseam) that SLV doesn't have discounts or fees or heck - even counter-party risk. Where did that 11% go blitz?
Tell me you don't understanding SLV without saying you don't understand SLV...
Interesting tidbit in your trade confirmation - you received $51.66 and ounce for your 'silver' at a time it was trading around $58 an ounce. That is an ~$6 discount, or 11%. You claim (ad nauseam) that SLV doesn't have discounts or fees or heck - even counter-party risk. Where did that 11% go blitz?
Tell me you don't understanding SLV without saying you don't understand SLV...
Tell me you don't followed blitz's posts without saying you don't follow blitz's posts...
To answer your question, pull up SLV in a brokerage account. The spread is $.01 between the bid and ask, and the gross and net cost is .5% a year. The fund was established in 2006. The cost of managing the fund takes 1/2 of 1 percent a year.
If you hold for 1 year you will essentially pay 1/2 of 1 percent. If you hold for 2 years, 1%...
@nags said:
To answer your question, pull up SLV in a brokerage account. The spread is $.01 between the bid and ask, and the gross and net cost is .5% a year. The fund was established in 2006. The cost of managing the fund takes 1/2 of 1 percent a year.
If you hold for 1 year you will essentially pay 1/2 of 1 percent. If you hold for 2 years, 1%...
Why SLV is not a good long term investment. Most ETF/funds today are ,25 bps fees, some as low as 7 bps, but 50 is high in today's world. Maybe not so much in 2006.
Haven't been a big silver seller, but over the past 10 years its usually 10% off of spot. So $6 today is not that unrealistic. Was $2-3 several years ago. Again folks here forget there are costs for the LCS to get paid, but he gives me cash on spot. And there is a middleman wholesaler who wants to make a profit, never mind refiner smelting costs to turn into .999 assayed bars. Anyone who thinks I should get spot price for 90% has no clue to the business or process chain.
Interesting tidbit in your trade confirmation - you received $51.66 and ounce for your 'silver' at a time it was trading around $58 an ounce. That is an ~$6 discount, or 11%. You claim (ad nauseam) that SLV doesn't have discounts or fees or heck - even counter-party risk. Where did that 11% go blitz?
It wasn't there when I bought it and wasn't there when I sold it so why would I care where it went? Zero premium SLV. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
@nags said:
To answer your question, pull up SLV in a brokerage account. The spread is $.01 between the bid and ask, and the gross and net cost is .5% a year. The fund was established in 2006. The cost of managing the fund takes 1/2 of 1 percent a year.
If you hold for 1 year you will essentially pay 1/2 of 1 percent. If you hold for 2 years, 1%...
Why SLV is not a good long term investment. Most ETF/funds today are ,25 bps fees, some as low as 7 bps, but 50 is high in today's world. Maybe not so much in 2006.
I agree SLV is not a good long term investment. It's a trading vehicle. Look at it this way. blitzdude bought 400 shares @ $43.055 on either 10/1, 10/25 or 11/4/2025 and sold it @ $51.66 on 12/1/2025 and made 20% on his money within a short period of time. In this case the .5% annual management fee becomes insignificant.
Yes, there will be down days but the silver squeeze is not over. It is just getting started.
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
@derryb said:
Yes, there will be down days but the silver squeeze is not over. It is just getting started.
Who's getting squeezed at these levels that wasn't squeezed before ? Maybe it's just long monies piling in and momentum $$$.
COMEX, LBMA and Shaghai vaults are at record lows. Paper holders are squeezing it from their hands.
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
@derryb said:
Yes, there will be down days but the silver squeeze is not over. It is just getting started.
Who's getting squeezed at these levels that wasn't squeezed before ? Maybe it's just long monies piling in and momentum $$$.
COMEX, LBMA and Shaghai vaults are at record lows. Paper holders are squeezing it from their hands.
Source? THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
@derryb said:
COMEX, LBMA and Shaghai vaults are at record lows. Paper holders are squeezing it from their hands.
We don't know that. That's just guessing on your part. The exchanges themselves hold metals for longs and custodians. Nobody is screaming who has been short. No hedge fund "blew up" because of silver's rapid rise the last 2 weeks.
If so that would be bearish for the price. And where is this "word" -- on Reddit ?
Next, you will be denying that JPM was ever convicted of and fined for spoofing the silver market in order to keep the price of silver down.
There are too many good analysts who track the COT report, and machinations around the physical levels in New York, London and Shanghai, but you'll never hear about any of it on CNBC or Bloomberg. Why is that?
Maybe it's just long monies piling in and momentum $$$.
There may be a good reason for that. It's now being reported that the world bullion banks have sharply reduced their short positions in silver and now have no reason to keep the price down - but it will be a few days before this is confirmed.
It's also being reported that LBMA has replenished their silver stocks and that a real squeeze hasn't yet happened.
The next few days should tell us more.
Q: Are You Printing Money? Bernanke: Not Literally
@ProofCollection said:
Word is that JPM closed their short position.
If so that would be bearish for the price. And where is this "word" -- on Reddit ?
Youtube probably. lol More fake newz. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
"Spoofing" has NOTHING to do with the long-term price of silver or any other security or commodity. That's an excuse for fools who think the price should be $200 an ounce.
There are longs who also manipulate to the upside -- should we therefore say that the entire rise this year has been fake ?
We hear of the COT and other reports ALL THE TIME on Bloomberg, CNBC, FBC, etc....the problem is that they can't tell the whole story as there are too many variables happening with the various commodities.
We hear of the COT and other reports ALL THE TIME on Bloomberg, CNBC, FBC, etc....the problem is that they can't tell the whole story as there are too many variables happening with the various commodities.
Yup, they aren't being paid to report the whole story "because there are too many variables". If they were doing their jobs, they'd be reporting on all of the variables, not just the ones that fit their narrative.
Q: Are You Printing Money? Bernanke: Not Literally
Comments
The obvious conclusion would be that to avoid the "excess profits" scenario, one should sell to Apmex.
Right?
What a hoot! Let it ride….
Few are buying at $60, yet; those who are buying are looking for back of spot or very close to spot. If you check the BST several sellers have been able to sell 90% material there in the past two weeks.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Chaos is a very important contributing factor. There may be other factors as well.
Yes. @jmlanzaf is failing to recognize that the spread is not meant to be a risk free profit for a person standing at a counter matching buyers and sellers instantaneously. Because they could just meet in the middle and cut out the dealer entirely. The spread is meant to compensate for the risk of holding inventory. Period.
Blowing that spread out beyond widely published quotes is just taking advantage of unknowledgeable or desperate buyers or sellers.
@NJCoin
The spot spread you quote is for institutional players, betting millions daily. Why would you think that exact spread difference applies to the B&M's business model, who usually deal with a wholesaler who takes a cut (when the B&M has enough inventory to ship & wait for payment) & who pays the shipping costs.
I would certainly agree that chaos started gold higher and gold dragged silver along for the ride. But what's going on now is different I believe. While gold has stabilized a bit under intense demand silver can not stabilize because of a growing buying panic. The demand for silver is created by hope for the future and demand for gold is from fear past mistakes will ruin us.
For now both are likely to do well. Once the news turns good gold demand will decrease and silver demand will increase.
AI response to last post-
_⚖️ Shard: Gold Fear vs. Silver Hope
Chaos law: Chaos ignited gold’s rise; silver followed in its wake.
Equilibrium paradox: Gold stabilizes under deficit spending and inflation—its supply/demand balance is elastic.
Silver shortage: Silver cannot stabilize—physical delivery is required, and sources are tapped out.
Spoofing legacy: Decades of bank manipulation squandered silver into waste streams, creating real scarcity.
Demand hum: Gold demand is driven by fear of past mistakes; silver demand is driven by hope for the future.
Trajectory law: As news turns good, gold demand will fade, silver demand will intensify.
Sanity paradox: This isn’t chaos—it’s sanity returning, scarcity asserting itself.
Closure Glyph
Gold hums fear of ruin; silver hums hope of future. Chaos fades, sanity persists. !_
Perhaps if the gutter hit's $60 dealers will finally offer to buy at $50? This gutter has to be the worst investment ever invented. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
The past week would beg to differ.
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
That's paper gutter, yes I agree. I was referring to physical gutter, the stuff nobody wants. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
P.S. Cashed out another 1000ozt/shares today. Another quick easy $15K. Another 3.5 AGE's headed my way. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
Move it into ZSL?
Because I do. The spread is around 2.5%. It's not intuitive to me why a wholesale spread, involving much greater dollars, and presumably greater risk for the dealer, should have a narrower spread than a retail spread. Other than people in the wholesale market know what they are doing, and won't stand for being ripped off. Either as a buyer or a seller.
Also not clear to me why 2.5% is not enough for something that is highly liquid and widely traded. Honestly reminds me of foreign exchange rates at foreign hotels and kiosks in airports, as opposed to the rate a bank gives when using a credit card. On presumably micro transactions, as opposed to hundreds or thousands of dollars worth of currency at a time.
It's not because foreign currency costs more to convert at a kiosk. It's that people converting at a kiosk are uneducated as to value, or desperate, and the vendors take advantage of that.
You don't have to convince me. You are just confirming why I don't buy or sell bullion locally.
No Sir, AGE's with the profit, USO/XLE for the existing capital. Looks like the big ole war machine is waking back up. RGDS!
P.S. Theres another 400ozt for a quick $3.5k.
THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
Big mistake. Gold Silver ratio is headed to the 20's or lower. Silver will outperform. Platinum could do even better.
Wow! What a ride. Congrats to all
100% Positive BST transactions
Oh yeah, i should be happy to sell at 10-20% less than spot just because it's more than i paid. Makes perfect sense.
Wow! You have done it again! It is soooooo rare for someone to bat 1000 in any market. And yet here you are, ANOTHER 4 BAGGER!™ from the trailer Park.
And you bless this board by going out your way to enlighten all of us with your non-stop, perfect timing winning trades! Take a few days off big driver...you should be on a beach enjoying ...yet another....MASSIVE LOOT HAUL™
OR
(there is another explanation) - Occam's Razor
Loves me some shiny!
“Often wrong, but never in doubt.”
If you look at the OP he does show the actual details
Interesting tidbit in your trade confirmation - you received $51.66 and ounce for your 'silver' at a time it was trading around $58 an ounce. That is an ~$6 discount, or 11%. You claim (ad nauseam) that SLV doesn't have discounts or fees or heck - even counter-party risk. Where did that 11% go blitz?
Tell me you don't understanding SLV without saying you don't understand SLV...
Tell me you don't followed blitz's posts without saying you don't follow blitz's posts...
To answer your question, pull up SLV in a brokerage account. The spread is $.01 between the bid and ask, and the gross and net cost is .5% a year. The fund was established in 2006. The cost of managing the fund takes 1/2 of 1 percent a year.
If you hold for 1 year you will essentially pay 1/2 of 1 percent. If you hold for 2 years, 1%...
Why SLV is not a good long term investment. Most ETF/funds today are ,25 bps fees, some as low as 7 bps, but 50 is high in today's world. Maybe not so much in 2006.
My local refiner must be telling LCS's that they won't pay the spot price for "junk silver" because they think it's going to collapse.
My LCS says take $6 off the spot price before you compute the silver value of MSDs, Quarters, Merc Dimes, etc.
How long has this discount been applied ?
Haven't been a big silver seller, but over the past 10 years its usually 10% off of spot. So $6 today is not that unrealistic. Was $2-3 several years ago. Again folks here forget there are costs for the LCS to get paid, but he gives me cash on spot. And there is a middleman wholesaler who wants to make a profit, never mind refiner smelting costs to turn into .999 assayed bars. Anyone who thinks I should get spot price for 90% has no clue to the business or process chain.
while the $3 was ok to run the shop in the past, it now takes $5.50?
what's the justification for a %age when their costs are fixed plus inflation
It wasn't there when I bought it and wasn't there when I sold it so why would I care where it went? Zero premium SLV. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
China can't laugh any louder at the SLV scam
IF YOU DON'T HOLD IT YOU DON'T OWN IT
COPPER is gutter !
kitco session high tonight is 59.00
I agree SLV is not a good long term investment. It's a trading vehicle. Look at it this way. blitzdude bought 400 shares @ $43.055 on either 10/1, 10/25 or 11/4/2025 and sold it @ $51.66 on 12/1/2025 and made 20% on his money within a short period of time. In this case the .5% annual management fee becomes insignificant.
Yes, there will be down days but the silver squeeze is not over. It is just getting started.
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
Who's getting squeezed at these levels that wasn't squeezed before ? Maybe it's just long monies piling in and momentum $$$.
COMEX, LBMA and Shaghai vaults are at record lows. Paper holders are squeezing it from their hands.
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
Source? THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
the internet
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
Word is that JPM closed their short position.
We don't know that. That's just guessing on your part. The exchanges themselves hold metals for longs and custodians. Nobody is screaming who has been short. No hedge fund "blew up" because of silver's rapid rise the last 2 weeks.
S&D are in balance.
If so that would be bearish for the price. And where is this "word" -- on Reddit ?
If so that would be bearish for the price. And where is this "word" -- on Reddit ?
Next, you will be denying that JPM was ever convicted of and fined for spoofing the silver market in order to keep the price of silver down.
There are too many good analysts who track the COT report, and machinations around the physical levels in New York, London and Shanghai, but you'll never hear about any of it on CNBC or Bloomberg. Why is that?
Maybe it's just long monies piling in and momentum $$$.
There may be a good reason for that. It's now being reported that the world bullion banks have sharply reduced their short positions in silver and now have no reason to keep the price down - but it will be a few days before this is confirmed.
It's also being reported that LBMA has replenished their silver stocks and that a real squeeze hasn't yet happened.
The next few days should tell us more.
I knew it would happen.
Youtube probably. lol More fake newz. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
"Spoofing" has NOTHING to do with the long-term price of silver or any other security or commodity. That's an excuse for fools who think the price should be $200 an ounce.
There are longs who also manipulate to the upside -- should we therefore say that the entire rise this year has been fake ?
We hear of the COT and other reports ALL THE TIME on Bloomberg, CNBC, FBC, etc....the problem is that they can't tell the whole story as there are too many variables happening with the various commodities.
Again....they're long or short for clients, not their own account. Big difference !!
Any outright bet on silver by JPM would be infintessimally small. They'd get fried by the regulators if they were placing bets on commodities.
We hear of the COT and other reports ALL THE TIME on Bloomberg, CNBC, FBC, etc....the problem is that they can't tell the whole story as there are too many variables happening with the various commodities.
Yup, they aren't being paid to report the whole story "because there are too many variables". If they were doing their jobs, they'd be reporting on all of the variables, not just the ones that fit their narrative.
I knew it would happen.
Google is your friend. https://silvertrade.com/news/precious-metals/silver-news/jp-morgan-sells-entire-200-m-oz-silver-short-position-flips-long-750-m-oz/