Not only are we officially in the twilight zone but 3rd level twilight zone. This place gets stranger by the hour. Hopefully the new year brings back common cents! 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?
Turns out in late 2025 Bank of America and Citi were net short 4.4 million ounces of silver, 5.5 times annual global mine supply.
5.3x annual global silver production (830 million oz x5.3) is 4,4 BILLION oz shorted. They actually had bigger short positions 15-20 yrs ago when they were short the equivalent of 14X world silver production.
I have no clue but here is the link to the Federal NY Bank Repo. Looks like December 22nd it starts for the month of December in the xhart graph hoover over the blue bar and it lists the total for the day, it shows this there but not who. Mr Dan Carr any more half moons coming out? https://www.newyorkfed.org/markets/desk-operations/repo
@coastaljerseyguy said:
Even if BofA & Citi lost $34B on the contracts and borrowed from the Repo window it is because their cash management tries to keep only enough cash to meet 'normal' obligations. Cash doesn't earn you income or its minimal. It was too late to sell bonds, so you borrow the cash from the FED. Next day you sell the bonds and pay back the FED. Again $30B amongst these top banks is a big loss but nowhere near putting them out of business. Hopefully they're re-examine their trading strategies and stop messing with the markets. And better yet, some big boys lose their annual bonuses. BofA pays more in bonuses then this loss.
while it is possible to use repos short-term there are a couple of things that re problematic
there is a schedule for these and are done during business hourrs
if it is a borrow one day and pay back the next day that is what the fed funds overnight borrowing is for. that'd be the thing to use
edit: and if you're a broke bank, you don't take out a loan to save yourself. i'm not buying that a bank has gone under nor that the fed did repos to save it
while it is possible to use repos short-term there are a couple of things that re problematic
there is a schedule for these and are done during business hourrs
if it is a borrow one day and pay back the next day that is what the fed funds overnight borrowing is for. that'd be the thing to use
I've read about that but I don't know if it's valid - that borrowing from the Fed window would publicly tag the bank as having some type of financial problems whereas the Repo window is somewhat anonymous. True or No?
Q: Are You Printing Money? Bernanke: Not Literally
@Coinnmore said:
Mr Dan Carr any more half moons coming out?
.
I am not planning on making any more - at least not the same as the ones I already released.
But I am working on some new (rectangular) bars and coins for release in a couple weeks.
@Coinnmore said:
Mr Dan Carr any more half moons coming out?
.
I am not planning on making any more - at lest not the same as the ones I already released.
But I am working on some new (rectangular) bars and coins for release in a couple weeks.
.
In gutter we trust tokens? 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?
@dcarr said:
I am not planning on making any more - at least not the same as the ones I already released.
But I am working on some new (rectangular) bars and coins for release in a couple weeks.
250th liberty bell rounds would have people going crazy
"The fact it (CME) has done this (raised margin requirements) TWICE in the last week alone suggests someone “big” is likely on the wrong side of the precious metals trade."
"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
FED reports $105+billion reverse repo on New Year's Eve.
"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
Agree, but the FED Reverse Repo operation means its counter-parties have excess cash and willing to buy securities. That means on Wed everyone was flush cash, not needing cash.
@coastaljerseyguy said:
Agree, but the FED Reverse Repo operation means its counter-parties have excess cash and willing to buy securities. That means on Wed everyone was flush cash, not needing cash.
so true. of course we'd have to prove the pm banks are on that list
@derryb said:
FED reports $105+billion reverse repo on New Year's Eve.
What does it have to do with the supposed youtube bullion bank failure? 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?
@derryb said:
If two brothers can squeeze silver to $50, imagine what a world of stackers is about to do.
As regards your sig:
the 'two brothers' were oil billionaires. Their brother owned the Kansas City Chiefs. If some of the stackers you're referencing are wealthy enough to buy an NFL franchise, then yeah, I'd probably be astounded how high the price of silver will go!
But if the stackers are all regular folks like me, then we're all at the mercy of the world central banks and the policy changes of the commodities exchanges
@derryb said:
If two brothers can squeeze silver to $50, imagine what a world of stackers is about to do.
As regards your sig:
the 'two brothers' were oil billionaires. Their brother owned the Kansas City Chiefs. If some of the stackers you're referencing are wealthy enough to buy an NFL franchise, then yeah, I'd probably be astounded how high the price of silver will go!
But if the stackers are all regular folks like me, then we're all at the mercy of the world central banks and the policy changes of the commodities exchanges
You need to replace the frigidity of rugged individualism with the warmth of collectivism.
@derryb said:
If two brothers can squeeze silver to $50, imagine what a world of stackers is about to do.
As regards your sig:
the 'two brothers' were oil billionaires. Their brother owned the Kansas City Chiefs. If some of the stackers you're referencing are wealthy enough to buy an NFL franchise, then yeah, I'd probably be astounded how high the price of silver will go!
But if the stackers are all regular folks like me, then we're all at the mercy of the world central banks and the policy changes of the commodities exchanges
You need to replace the frigidity of rugged individualism with the warmth of collectivism.
@derryb said:
If two brothers can squeeze silver to $50, imagine what a world of stackers is about to do.
As regards your sig:
the 'two brothers' were oil billionaires. Their brother owned the Kansas City Chiefs. If some of the stackers you're referencing are wealthy enough to buy an NFL franchise, then yeah, I'd probably be astounded how high the price of silver will go!
But if the stackers are all regular folks like me, then we're all at the mercy of the world central banks and the policy changes of the commodities exchanges
yes, 1 X 1 = 1
however, 1 X 1,000,000 = 1,000,000
"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
When even a large-scale liquidation (two margin increases in one week) can’t stop silver from rallying you know it’s time to back up the truck!
"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:
When even a large-scale liquidation (two margin increases in one week) can’t stop silver from rallying you know it’s time to back up the truck!
any word on the "alleged" bank collapse? 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?
@derryb said:
When even a large-scale liquidation (two margin increases in one week) can’t stop silver from rallying you know it’s time to back up the truck!
any word on the "alleged" bank collapse? THKS!
Deutsche Bank got caught naked, JPM bailed then out (and gained a lot more silver)
"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
before 1/29, didn't meet margin call. didn't go under as stated in the OP, just forced to liquidate its silver position. JPM likely jumped on the position.
"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:
before 1/29, didn't meet margin call. didn't go under as stated in the OP, just forced to liquidate its silver position. JPM likely jumped on the position.
@derryb said:
before 1/29, didn't meet margin call. didn't go under as stated in the OP, just forced to liquidate its silver position. JPM likely jumped on the position.
@derryb said:
before 1/29, didn't meet margin call. didn't go under as stated in the OP, just forced to liquidate its silver position. JPM likely jumped on the position.
where is the source of this information?
deepthroat
"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
I've heard from multiple sources it's a coordinated paper pump and the big dump is on the horizon. 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?
Don't believe it. Listen to your favorite Bloomberg and CNBC's BS. I really don't care what you think is "made up nonsense" or "I heard without a source". I really don't care what you think or where you get your information.
maneco64 interviews numerous credible sources, and so does Liberty & Finance, among others.
CNBC is now following Chris Markus from Arcadia Economics because he is closer to market developments than they are. LOL.
Andy Schectman is giving an interview right now discussing the huge transfers of physical metal from Deutchbank to Citibank and JPM.
Think what you want. Disparage all you want. It' doesn't matter.
Q: Are You Printing Money? Bernanke: Not Literally
@derryb said:
Margin call requires quick cash. Why use your own money when you can cry "help" to the FED. Obviously the FED >saw a danger to the system.
It never happened. And banks are prohibited from speculating on PMs.
These websites you frequent just traffic in lies. Ignorant longs...they make up excuses for their losing positions or trades or stalled prices.
.
... banks are prohibited from speculating on PMs.
Really ?
You should tell that to TD Securities Bank, which is Canadian but conducts commericial banking in the United States and in several other countries.
I agree with TD's anaylsis. However I think we will see one more rise in the near term.
"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
@jmski52 said:
Selling that 100 oz. bar wasn't the best move.
Well, I took that money and bought 100oz of paper on yesterday's drop. So about $5 lower than sale. Then i sold a call option giving me 15% downside protection as well as potential 15% upside. And i have cash left over.
We'll check back in 6 months.
Six month update.
Original buy of paper was $64.75. Sold June 65 call for $8.10. Bought back call for $0.40. Sold Sept 65 call for $5.10.
Current price about 59.50. Loss on holding of 5.25. Gain on option 7.70. Net gain $2.45. Approx 4.3% positive return.
@jmski52 said:
Selling that 100 oz. bar wasn't the best move.
Well, I took that money and bought 100oz of paper on yesterday's drop. So about $5 lower than sale. Then i sold a call option giving me 15% downside protection as well as potential 15% upside. And i have cash left over.
We'll check back in 6 months.
Six month update.
Original buy of paper was $64.75. Sold June 65 call for $8.10. Bought back call for $0.40. Sold Sept 65 call for $5.10.
Current price about 59.50. Loss on holding of 5.25. Gain on option 7.70. Net gain $2.45. Approx 4.3% positive return.
Physlical holder has a loss. Spot is down 12%.
Update in Sept.
That's a decent return.
I picked up a sterling silver chain with a sterling silver pendant for $10...not the physical you were referring to but when sold for $80 was slightly better ROI Then you got.
I picked up another sterling silver chain and pendant for $5...I do have more work involved then just buying paper though.
I'll check back in September and see how you did as I think silver will be heading up towards the end of the year.
@jmski52 said:
Selling that 100 oz. bar wasn't the best move.
Well, I took that money and bought 100oz of paper on yesterday's drop. So about $5 lower than sale. Then i sold a call option giving me 15% downside protection as well as potential 15% upside. And i have cash left over.
We'll check back in 6 months.
Six month update.
Original buy of paper was $64.75. Sold June 65 call for $8.10. Bought back call for $0.40. Sold Sept 65 call for $5.10.
Current price about 59.50. Loss on holding of 5.25. Gain on option 7.70. Net gain $2.45. Approx 4.3% positive return.
Physlical holder has a loss. Spot is down 12%.
Update in Sept.
That's a decent return.
I picked up a sterling silver chain with a sterling silver pendant for $10...not the physical you were referring to but when sold for $80 was slightly better ROI Then you got.
I picked up another sterling silver chain and pendant for $5...I do have more work involved then just buying paper though.
I'll check back in September and see how you did as I think silver will be heading up towards the end of the year.
How big was your 100 oz silver chain?
All comments reflect the opinion of the author, even when irrefutably accurate.
Comments
Profit-taking at the peak, and a subsequent selloff.
I knew it would happen.
Not only are we officially in the twilight zone but 3rd level twilight zone. This place gets stranger by the hour. Hopefully the new year brings back common cents! 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?
5.3x annual global silver production (830 million oz x5.3) is 4,4 BILLION oz shorted. They actually had bigger short positions 15-20 yrs ago when they were short the equivalent of 14X world silver production.
duplicate
I have no clue but here is the link to the Federal NY Bank Repo. Looks like December 22nd it starts for the month of December in the xhart graph hoover over the blue bar and it lists the total for the day, it shows this there but not who. Mr Dan Carr any more half moons coming out? https://www.newyorkfed.org/markets/desk-operations/repo
while it is possible to use repos short-term there are a couple of things that re problematic
there is a schedule for these and are done during business hourrs
if it is a borrow one day and pay back the next day that is what the fed funds overnight borrowing is for. that'd be the thing to use
edit: and if you're a broke bank, you don't take out a loan to save yourself. i'm not buying that a bank has gone under nor that the fed did repos to save it
while it is possible to use repos short-term there are a couple of things that re problematic
there is a schedule for these and are done during business hourrs
if it is a borrow one day and pay back the next day that is what the fed funds overnight borrowing is for. that'd be the thing to use
I've read about that but I don't know if it's valid - that borrowing from the Fed window would publicly tag the bank as having some type of financial problems whereas the Repo window is somewhat anonymous. True or No?
I knew it would happen.
.
I am not planning on making any more - at least not the same as the ones I already released.
But I am working on some new (rectangular) bars and coins for release in a couple weeks.
.
In gutter we trust tokens? 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?
250th liberty bell rounds would have people going crazy
minuteman too
The Bank Index is beginning to collapse.
"The fact it (CME) has done this (raised margin requirements) TWICE in the last week alone suggests someone “big” is likely on the wrong side of the precious metals trade."
"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
Silver lease rates are up again in London.
China now has their export controls in place.
I knew it would happen.
FED reports $105+billion reverse repo on New Year's Eve.
"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
Still pales in comparison to repos earlier in the year.
reverse repos are not repos
https://www.newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements
Agree, but the FED Reverse Repo operation means its counter-parties have excess cash and willing to buy securities. That means on Wed everyone was flush cash, not needing cash.
Banks look strong to me.
so true. of course we'd have to prove the pm banks are on that list
but failures in general are not imminent
What does it have to do with the supposed youtube bullion bank failure? 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?
As regards your sig:
the 'two brothers' were oil billionaires. Their brother owned the Kansas City Chiefs. If some of the stackers you're referencing are wealthy enough to buy an NFL franchise, then yeah, I'd probably be astounded how high the price of silver will go!
But if the stackers are all regular folks like me, then we're all at the mercy of the world central banks and the policy changes of the commodities exchanges
Serving the greater Mechanicsburg and Camp Hill, PA area
https://zenithbullionconsulting.wordpress.com/
You need to replace the frigidity of rugged individualism with the warmth of collectivism.
Loves me some shiny!
“Often wrong, but never in doubt.”
I feel toasty, tovarishch
Serving the greater Mechanicsburg and Camp Hill, PA area
https://zenithbullionconsulting.wordpress.com/
yes, 1 X 1 = 1
however, 1 X 1,000,000 = 1,000,000
"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
When even a large-scale liquidation (two margin increases in one week) can’t stop silver from rallying you know it’s time to back up the truck!
"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
any word on the "alleged" bank collapse? 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?
Deutsche Bank got caught naked, JPM bailed then out (and gained a lot more silver)
"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
this thread started on dec 29, 2025
when are you saying that occurred?
before 1/29, didn't meet margin call. didn't go under as stated in the OP, just forced to liquidate its silver position. JPM likely jumped on the position.
"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
where is the source of this information?
In the Twilight Zone. Do do do do. Do do do do.
Knowledge is the enemy of fear
deepthroat
"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
I heard all the big boys are too poor to pay margin calls and have gone under
that's what i heard
Nobody's forcing you to listen to maneco64.
I knew it would happen.
I've heard from multiple sources it's a coordinated paper pump and the big dump is on the horizon. 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?
From these coin shops you claim to visit and don't ever NAME? LOLzzz "multiple sources" Again, NO NAME hahah
COPPER is gutter !
Ive heard a lot of folk believe in made up nonsense.
Knowledge is the enemy of fear
i'm not talking maneco64
i'm saying, in general, that "i heard" without a source is as good as invented bs
Don't believe it. Listen to your favorite Bloomberg and CNBC's BS. I really don't care what you think is "made up nonsense" or "I heard without a source". I really don't care what you think or where you get your information.
maneco64 interviews numerous credible sources, and so does Liberty & Finance, among others.
CNBC is now following Chris Markus from Arcadia Economics because he is closer to market developments than they are. LOL.
Andy Schectman is giving an interview right now discussing the huge transfers of physical metal from Deutchbank to Citibank and JPM.
Think what you want. Disparage all you want. It' doesn't matter.
I knew it would happen.
.
... banks are prohibited from speculating on PMs.
Really ?
You should tell that to TD Securities Bank, which is Canadian but conducts commericial banking in the United States and in several other countries.
TD Securities Bank shorts silver (again):
https://goldinvest.de/en/price-target-of-usd-40-canadian-major-bank-wants-to-short-silver-again/
.
I agree with TD's anaylsis. However I think we will see one more rise in the near term.
"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
.
Six month update.
Original buy of paper was $64.75. Sold June 65 call for $8.10. Bought back call for $0.40. Sold Sept 65 call for $5.10.
Current price about 59.50. Loss on holding of 5.25. Gain on option 7.70. Net gain $2.45. Approx 4.3% positive return.
Physlical holder has a loss. Spot is down 12%.
Update in Sept.
Knowledge is the enemy of fear
That's a decent return.
I picked up a sterling silver chain with a sterling silver pendant for $10...not the physical you were referring to but when sold for $80 was slightly better ROI Then you got.
I picked up another sterling silver chain and pendant for $5...I do have more work involved then just buying paper though.
I'll check back in September and see how you did as I think silver will be heading up towards the end of the year.
How big was your 100 oz silver chain?
All comments reflect the opinion of the author, even when irrefutably accurate.