Putting MY ideas from the last post in terms everyone can undserstand my AI (Copilot) said-
**“I’ve never claimed to know who holds what positions, and I’m not making accusations about banks or regulators. I’m just reading the handwriting on the wall.
If you want to walk me through the mechanics of the status quo, I’m willing to learn. But none of that changes the basic point: industrial demand doesn’t behave like speculative demand.
GM isn’t going to stop buying silver because the price might dip. Apple isn’t going to pause production because COMEX moved a dollar. Governments aren’t going to stop securing strategic materials because someone thinks the chart looks toppy.
Companies and governments are buyers, not sellers. They don’t get to opt out of silver the way a trader can. They need the metal to build the world we live in — cars, chips, solar, sensors, batteries, communications, medical devices, everything.
That’s why demand continues at any price.
Not because of manipulation, not because of banks, not because of retail sentiment — but because the physical world runs on silver and the people who need it can’t substitute their way out of it.
I’m not claiming expertise. I’m pointing out the obvious: the entities that actually use silver don’t have the luxury of waiting for a cheaper day.”**
@cladking said:
There are trillions of dollars in shorts and if they go belly up you'll see they are banks.
The entire silver market cap is under $6 trillion....we're supposed to believe there are more shorts than that ?
If there were....wouldn't a tripling in the price have led to some bodybags being carried out of New York, London, or Shanghai ? You say there's a huge short....the price skyrockets to a parabola....and nobody is caught leaning the wrong way ? With or without leverage ?
Also, why haven't these shorts confessed to being short ? To their investors ? To their shareholders ? They disclose everything else...why not disclose that when silver went from $50 to $7 from 2012-20 ? Why not take a victo
You want facts? Are you new here?
If they wanted to blame the Rothschilds or some shadow organization, put on your tin foil hat and have at it. Instead, we are accusing of publicly owned banks of secretly suppressing silver. And, since they are publicly traded, this can only be down with the cooperation of the federal government. And, as you point out, why silver and gold? If they are bothering to do it with silver and gold, why not do it with the much larger stock and bond markets themselves which have, for the last 50 years, been far more important to everyone than the silver and gold market? It's ludicrous on its face, but it is a conspiracy theory that has been floated for 30+ years, for as long as I've been aware of the metals market.
And during most of the past 40 years, silver was at $7 and not very important to anyone but Eastman Kodak. But NOW, when silver finally has some critical uses, the conspirators can't keep silver down. Even though the silver market is so small it would be easy for this grand banking conspiracy to drive it down with paper positions, suddenly they can't or won't do it when silver is suddenly a "strategic resource".
All comments reflect the opinion of the author, even when irrefutably accurate.
Every direction forward leads to a scarcity of silver.
China has physical possession of 40 to 50% of the world's silver that has been produced to date.
Einstein’s view of God was non-traditional and pantheistic, focusing on the harmony, order, and intelligibility of the cosmos rather than a personal deity. His quotes reveal a profound respect for the universe’s mysteries, a belief in rational laws, and a moral philosophy grounded in compassion and understanding, bridging science and spirituality.
“My religion consists of a humble admiration of the illimitable superior spirit who reveals himself in the slight details we are able to perceive with our frail and feeble mind.”
@mr1931S said: Every direction forward leads to a scarcity of silver.
China has physical possession of 40 to 50% of the world's silver that has been produced to date.
That could be true if you defined this as all above ground silver in the form of good delivery bars but even here I tend to doubt it. They'd have had to acquire it without attracting attention.
Relatively little silver is in the form of good delivery bars. Most is coins and small bars and the kind of stuff owned by coin collectors and stackers.
Silver is "rare" only in the sense that it is beginning to be consumed faster than it can be mined which is causing demand for the only form it is usually used. Refineries can't convert our coins to good delivery bars at the rate demanded by users.
China does have a significant portion of world refining capacity so could build up a stockpile in the future. At this time the only nation known to be doing this is Russia who may have set this all off by simply drawing attention to a situation that has persisted for decades.
@GoldFinger1969 said:
Do smelters buy X-Ray film, old X-rays ? Someone asked me the other day, apparently they are silver-based.
As posted earlier they don't buy/own any or most of what they process. They process it for the owners. Kind of like Heritage selling for consignors.
That’s not what I’ve heard from several dealers. They said refineries were paying them based on spot the day the metal was dropped off. Then there were delays of a few days, then a week, then two weeks and then refineries wouldn’t set a price saying they would pay whatever the price was at the time they got around to processing that batch of metal. I’m not a dealer so I have no direct experience but the dealers that mentioned this process were not thrilled with how things were evolving.
The longer I live the more convincing proofs I see of this truth, that God governs in the affairs of men. And if a sparrow cannot fall to the ground without His notice is it possible for an empire to rise without His aid? Benjamin Franklin
@GoldFinger1969 said:
Do smelters buy X-Ray film, old X-rays ? Someone asked me the other day, apparently they are silver-based.
As posted earlier they don't buy/own any or most of what they process. They process it for the owners. Kind of like Heritage selling for consignors.
That’s not what I’ve heard from several dealers. They said refineries were paying them based on spot the day the metal was dropped off. Then there were delays of a few days, then a week, then two weeks and then refineries wouldn’t set a price saying they would pay whatever the price was at the time they got around to processing that batch of metal. I’m not a dealer so I have no direct experience but the dealers that mentioned this process were not thrilled with how things were evolving.
Wouldn't they be like dealers then and pay only for what they can flip/process for a quick turnaround? Who wants to pay for something that has volatile pricing and can't be sold for a week or more. I'm not in the biz so I don't have direct knowledge of all details.
@GoldFinger1969 said:
Do smelters buy X-Ray film, old X-rays ? Someone asked me the other day, apparently they are silver-based.
As posted earlier they don't buy/own any or most of what they process. They process it for the owners. Kind of like Heritage selling for consignors.
That’s not what I’ve heard from several dealers. They said refineries were paying them based on spot the day the metal was dropped off. Then there were delays of a few days, then a week, then two weeks and then refineries wouldn’t set a price saying they would pay whatever the price was at the time they got around to processing that batch of metal. I’m not a dealer so I have no direct experience but the dealers that mentioned this process were not thrilled with how things were evolving.
Wouldn't they be like dealers then and pay only for what they can flip/process for a quick turnaround? Who wants to pay for something that has volatile pricing and can't be sold for a week or more. I'm not in the biz so I don't have direct knowledge of all details.
Whether you agree or disagree with reasoning isn’t my point. I’m just pointing out that the refiners recognize the volatility and that the backlog put them at risk.
The longer I live the more convincing proofs I see of this truth, that God governs in the affairs of men. And if a sparrow cannot fall to the ground without His notice is it possible for an empire to rise without His aid? Benjamin Franklin
@s4ny said:
They can hedge 100% with futures. No risk.
That got quite a few of them in trouble - as the price of silver increased, their hedges became less valuable and they received margin calls.
but the value of the metal went up to offset the hedge losses
True - however the margin call requires payment by the end of the trading day. The hedged metal may not be available for sale for days or weeks. The speed of the run-up put a wrench in the usual method of hedging against losses. My guess is refiners quit hedging, which is why the wouldn't lock in a price until the metal was processed.
@GoldFinger1969 said:
Do smelters buy X-Ray film, old X-rays ? Someone asked me the other day, apparently they are silver-based.
As posted earlier they don't buy/own any or most of what they process. They process it for the owners. Kind of like Heritage selling for consignors.
That’s not what I’ve heard from several dealers. They said refineries were paying them based on spot the day the metal was dropped off. Then there were delays of a few days, then a week, then two weeks and then refineries wouldn’t set a price saying they would pay whatever the price was at the time they got around to processing that batch of metal. I’m not a dealer so I have no direct experience but the dealers that mentioned this process were not thrilled with how things were evolving.
I wouldn't do business with that company again unless that was prearranged. I'd sure love to send it in right before a spike.
Comments
Putting MY ideas from the last post in terms everyone can undserstand my AI (Copilot) said-
**“I’ve never claimed to know who holds what positions, and I’m not making accusations about banks or regulators. I’m just reading the handwriting on the wall.
If you want to walk me through the mechanics of the status quo, I’m willing to learn. But none of that changes the basic point: industrial demand doesn’t behave like speculative demand.
GM isn’t going to stop buying silver because the price might dip. Apple isn’t going to pause production because COMEX moved a dollar. Governments aren’t going to stop securing strategic materials because someone thinks the chart looks toppy.
Companies and governments are buyers, not sellers. They don’t get to opt out of silver the way a trader can. They need the metal to build the world we live in — cars, chips, solar, sensors, batteries, communications, medical devices, everything.
That’s why demand continues at any price.
Not because of manipulation, not because of banks, not because of retail sentiment — but because the physical world runs on silver and the people who need it can’t substitute their way out of it.
I’m not claiming expertise. I’m pointing out the obvious: the entities that actually use silver don’t have the luxury of waiting for a cheaper day.”**
You want facts? Are you new here?
If they wanted to blame the Rothschilds or some shadow organization, put on your tin foil hat and have at it. Instead, we are accusing of publicly owned banks of secretly suppressing silver. And, since they are publicly traded, this can only be down with the cooperation of the federal government. And, as you point out, why silver and gold? If they are bothering to do it with silver and gold, why not do it with the much larger stock and bond markets themselves which have, for the last 50 years, been far more important to everyone than the silver and gold market? It's ludicrous on its face, but it is a conspiracy theory that has been floated for 30+ years, for as long as I've been aware of the metals market.
And during most of the past 40 years, silver was at $7 and not very important to anyone but Eastman Kodak. But NOW, when silver finally has some critical uses, the conspirators can't keep silver down. Even though the silver market is so small it would be easy for this grand banking conspiracy to drive it down with paper positions, suddenly they can't or won't do it when silver is suddenly a "strategic resource".
All comments reflect the opinion of the author, even when irrefutably accurate.
Every direction forward leads to a scarcity of silver.
China has physical possession of 40 to 50% of the world's silver that has been produced to date.
Einstein’s view of God was non-traditional and pantheistic, focusing on the harmony, order, and intelligibility of the cosmos rather than a personal deity. His quotes reveal a profound respect for the universe’s mysteries, a belief in rational laws, and a moral philosophy grounded in compassion and understanding, bridging science and spirituality.
“My religion consists of a humble admiration of the illimitable superior spirit who reveals himself in the slight details we are able to perceive with our frail and feeble mind.”
Albert Einstein (14 March 1879--18 April 1955)
That could be true if you defined this as all above ground silver in the form of good delivery bars but even here I tend to doubt it. They'd have had to acquire it without attracting attention.
Relatively little silver is in the form of good delivery bars. Most is coins and small bars and the kind of stuff owned by coin collectors and stackers.
Silver is "rare" only in the sense that it is beginning to be consumed faster than it can be mined which is causing demand for the only form it is usually used. Refineries can't convert our coins to good delivery bars at the rate demanded by users.
China does have a significant portion of world refining capacity so could build up a stockpile in the future. At this time the only nation known to be doing this is Russia who may have set this all off by simply drawing attention to a situation that has persisted for decades.
it's like every thing else. . . except dollars. There value moves in one direction only.
When gold and silver move together, it signals the coming end of fiat money.
I have seen no articles that refiners took a hit.
That doesn't mean we can't make stuff up, does it?
All comments reflect the opinion of the author, even when irrefutably accurate.
Do smelters buy X-Ray film, old X-rays ? Someone asked me the other day, apparently they are silver-based.
As posted earlier they don't buy/own any or most of what they process. They process it for the owners. Kind of like Heritage selling for consignors.
That’s not what I’ve heard from several dealers. They said refineries were paying them based on spot the day the metal was dropped off. Then there were delays of a few days, then a week, then two weeks and then refineries wouldn’t set a price saying they would pay whatever the price was at the time they got around to processing that batch of metal. I’m not a dealer so I have no direct experience but the dealers that mentioned this process were not thrilled with how things were evolving.
Wouldn't they be like dealers then and pay only for what they can flip/process for a quick turnaround? Who wants to pay for something that has volatile pricing and can't be sold for a week or more. I'm not in the biz so I don't have direct knowledge of all details.
Whether you agree or disagree with reasoning isn’t my point. I’m just pointing out that the refiners recognize the volatility and that the backlog put them at risk.
They can hedge 100% with futures. No risk.
That got quite a few of them in trouble - as the price of silver increased, their hedges became less valuable and they received margin calls.
or did they?
Loves me some shiny!
“Often wrong, but never in doubt.”
but the value of the metal went up to offset the hedge losses
True - however the margin call requires payment by the end of the trading day. The hedged metal may not be available for sale for days or weeks. The speed of the run-up put a wrench in the usual method of hedging against losses. My guess is refiners quit hedging, which is why the wouldn't lock in a price until the metal was processed.
>
The charts say tulips have reached their 389-year cyclical low and are due for a bounce any century now.
I wouldn't do business with that company again unless that was prearranged. I'd sure love to send it in right before a spike.