Tom Nolan + 2,443 TN February 1, 2021 (edited) Since last Wednesday night (January 27th, 2021) the message was going out about the Great Silver Short Squeeze! Silver spot was around 25.19 early that day when I bought coins. This Silver Short Squeeze ain't stopping. Anyone, anywhere, at any age can participate. You do not have to buy stocks. Buy silver. The SQUEEZE is about PHYSICAL SILVER. The Big Banks have always heavily shorted silver on paper, but they will be in a big pinch if they can not obtain physical silver to cover their paper derivatives. Buy physical silver...but right now, most dealers are out of silver and it is on backorder. That is fine...just preorder and by the time it is delivered, silver likely will have a higher price. Physical Silver is never worthless. Overnight in Asia, silver shot up again! PSLV is a stock to buy if you want to help push up the price. PSLV is one of the few ETFs which back its stock with physical silver. So, when you buy PSLV, you are buying actual silver and pushing up the price against the Big Banks. SLV is another ETF like PSLV. However, PSLV has much more integrity on the verification of physical silver in their warehouse. It is a Sprott run ETF. PSLV - Chart and Information - https://finance.yahoo.com/quote/PSLV?p=PSLV Max Keiser - quick video - https://twitter.com/maxkeiser/status/1355948817535926277 Silver Squeeze TWITTER - https://twitter.com/hashtag/silversqueeze?src=hashtag_click Wall Street Silver Bets - https://www.reddit.com/r/Wallstreetsilver/ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Lots of current information on this THREAD which I have been posting about the SILVER SQUEEZE. This Thread opens with Miles Franklin, and excellent source of physical silver (I bought from them) https://community.oilprice.com/topic/22262-minerals-mining-and-industrial-ecology/#comment-145052 Edited February 1, 2021 by Tom Nolan 4 Quote Share this post Link to post Share on other sites
Tom Nolan + 2,443 TN February 1, 2021 I really encourage folks to read the transcript of the MIles Franklin interview which took place prior to the Silver Short Squeeze. See link below. 7 hours ago, Tom Nolan said: https://community.oilprice.com/topic/22262-minerals-mining-and-industrial-ecology/#comment-145052 Silver Price Jumps To Eight-Year High On Reddit Trading Frenzy By MINING.com - Feb 01, 2021, 12:00 PM CST https://oilprice.com/Metals/Silver/Silver-Price-Jumps-To-Eight-Year-High-On-Reddit-Trading-Frenzy.html Silver broke above $30 an ounce on Monday as the precious metal took center stage in the Reddit investors frenzy. Silver futures on the Comex exchange rose by as much as 12.7% to $30.3 an ounce. The metal has gained 19% in price since last Thursday after posts on Reddit led small investors to buy silver mining stocks and exchange-traded funds (ETF) backed by physical silver bars, in a GameStop-style squeeze. Retail sites for silver have been overwhelmed with demand for bars and coins as well. Dealers including Money Metals, SD Bullion, JM Bullion and Apmex said over the weekend they were unable to process orders until Asian markets opened because of unprecedented demand. “Pretty much physical silver is almost all gone in terms of live inventory,” Tyler Wall, president and chief executive officer at SD Bullion, told Bloomberg TV. “There are massive shortages. We’ll be completely out of stock if it carries on like this; the first time since our company opened in Singapore 7 years ago,” David Mitchell, managing director at Indigo Precious Metals told Reuters. The buying frenzy also fed into mining shares. Fresnillo Plc surged as much as 21% in London trading. First Majestic rose as much as 24% in New York. Organized in online forums and traded with fee-free brokers, such as Robinhood, the phenomenon has driven a 1,500% rally in the shares of videogame retailer GameStop. The company had a $1.2 billion market capitalization at the beginning of the year, and on Wednesday touched $24.2 billion. Image: Reddit’s WallStreetBets forum. BlackRock Inc.’s iShares Silver Trust, the largest exchange-traded product tracking silver, recorded an unprecedented $944 million net inflow on Friday. GameStop stock tumbled as much as 34% in the last days, as bearish investors appeared to cover their positions. “Last week’s events have shown it to be unwise to doubt the purchasing power of retail investors, and this has been sufficiently demonstrated again on the silver market,” Howie Lee, an economist at Oversea-Chinese Banking Corp told Bloomberg. “They may find it a bit harder to squeeze the silver market than they did with GameStop — the former is much bigger and more liquid — but the momentum looks like it rests with them at the moment.” Solar-panel costs The surging price of silver threatens to boost costs for solar-panel producers, which account for about 10% of global demand for the metal. At current prices, the metal accounts for about 4.7% of the cost of a panel. Chinese manufacturers are also trying to boost inventory now ahead of the Lunar New Year holiday that starts next week. By Mining.com 1 3 Quote Share this post Link to post Share on other sites
turbguy + 1,553 February 2, 2021 Reddit needs to start GameStopping coal producers... 2 Quote Share this post Link to post Share on other sites
Dan Warnick + 6,100 February 2, 2021 14 minutes ago, turbguy said: Reddit needs to start GameStopping coal producers... Nice. Self perpetuating prediction on "GameStopping"? Ha-ha! 1 Quote Share this post Link to post Share on other sites
Strangelovesurfing + 737 JD February 2, 2021 20 minutes ago, Dan Warnick said: Nice. Self perpetuating prediction on "GameStopping"? Ha-ha! Usually finance isn't funny, this Reddit stuff is hilarious. It's a billionaires BBQ! 3 Quote Share this post Link to post Share on other sites
turbguy + 1,553 February 2, 2021 (edited) Soon, lead Olympic runners will stop just before the finish line and allow the second place runner to pass... Edited February 2, 2021 by turbguy 2 Quote Share this post Link to post Share on other sites
0R0 + 6,251 February 6, 2021 Note that silver is priced off the cash for cash silver futures market where the banks can issue paper in quantity at will while taking risk with their own credit. The result is a disconnect between silver physical markets like bullion and coin dealers and ebay sellers and the futures derived price where the physical trades at a substantial premium to the official market quote. The intuitive trades for the circumstance are the momentum trade to short silver futures against holdings of silver bullion, and later in the sequence a reversal or convergence trade of shorting physical silver (if you can find any) while going long futures to arbitrage a large premium. Follow the silver physical premium to get an idea of whether the squeeze is working. The goal isn't to bankrupt the banks, it is to boot them out of the business and detach the bullion market from the futures market when they depart from honest practices. Note that JPM was long silver futures through this. 2 1 Quote Share this post Link to post Share on other sites
Tom Nolan + 2,443 TN February 6, 2021 33 minutes ago, 0R0 said: The result is a disconnect between silver physical markets like bullion and coin dealers and ebay sellers and the futures derived price where the physical trades at a substantial premium to the official market quote So true! The physical silver inventory is very tight now. The 2021 Silver U.S. Mint American Silver Eagle coin is going for close to $40. ($39.77) or higher, (Feb 6th) with delays in shipping. On January 27th (Wednesday) I paid spot $25.19 plus a $4.25 premium for the same coin ($29.44) 1 Quote Share this post Link to post Share on other sites
Tom Nolan + 2,443 TN February 6, 2021 Much more on silver at this THREAD... https://community.oilprice.com/topic/22262-minerals-mining-and-industrial-ecology/?page=2#comment-145949 Quote Share this post Link to post Share on other sites
Tom Nolan + 2,443 TN February 6, 2021 Craig Hemke from TFMetalsReport.com is a great source of information for silver and gold. Here is a recent interview where he discusses the shortage of available physical silver. 1 Quote Share this post Link to post Share on other sites
Tom Nolan + 2,443 TN February 6, 2021 Feb 5, 2021 Reddit-triggered buying led to a frenzy in silver, making for a significant event that lifted prices to eight-year highs. While the price has since come back down, many experts expect more craziness, predicting that the silver squeeze drama isn’t going anywhere. “If you look at the palladium market, it will tell you how this silver drama will play out; palladium was managed and manipulated for years,” best-selling author of the Big Reset Willem Middelkoop tells Daniela Cambone. “The physical demand became so large that it overwhelmed the paper shorts... and the palladium price went up fourfold.” He considers this a playbook for what will happen to silver, noting that, while central banks can solve many crises, "they can’t print more silver– just like they couldn’t print more palladium.” Noting that the popular iShares Silver Trust ($SLV) needs to source metal to meet the demand, he warns, “tricks are being played— the amount of silver they need to fund is physically impossible.” PSLV is a more trustworthy ETF than SLV. SLV is not trustworthy because Big Players "monitor" the physical quantity that is supposed to be in the vaults of SLV. Silver Supply Crisis: Impossible To Source Metal for ETFs, Tricks Are Being Played Warns Middelkoop https://youtu.be/qeY1n67LUOg 2 Quote Share this post Link to post Share on other sites
footeab@yahoo.com + 2,194 February 9, 2021 On 2/6/2021 at 9:49 AM, Tom Nolan said: Feb 5, 2021 Reddit-triggered buying led to a frenzy in silver, making for a significant event that lifted prices to eight-year highs. While the price has since come back down, many experts expect more craziness, predicting that the silver squeeze drama isn’t going anywhere. “If you look at the palladium market, it will tell you how this silver drama will play out; palladium was managed and manipulated for years,” best-selling author of the Big Reset Willem Middelkoop tells Daniela Cambone. “The physical demand became so large that it overwhelmed the paper shorts... and the palladium price went up fourfold.” He considers this a playbook for what will happen to silver, noting that, while central banks can solve many crises, "they can’t print more silver– just like they couldn’t print more palladium.” Noting that the popular iShares Silver Trust ($SLV) needs to source metal to meet the demand, he warns, “tricks are being played— the amount of silver they need to fund is physically impossible.” PSLV is a more trustworthy ETF than SLV. SLV is not trustworthy because Big Players "monitor" the physical quantity that is supposed to be in the vaults of SLV. Silver Supply Crisis: Impossible To Source Metal for ETFs, Tricks Are Being Played Warns Middelkoop https://youtu.be/qeY1n67LUOg Why are you peddling this bald faced lie? Why? I agree, silver prices very short term only, will go up due to Fed reserves everywhere printing gargantuan amounts of fiat. This alone leads to the physical squeeze as common everyday Jacks/Jills buy the stuff to hedge against inflation. Housing is not a good bet, not to mention no one is selling housing. Mining is literally at a standstill due to the plandemic, so physical assets currently aren't moving... except things valued in direct $$$ and traded as such... existing minerals. What is hilarious is that Anyone going into Silver has to be a few french fries short of a happy meal if you asked me. There is literally a Gigaton of this stuff just waiting to be mined all over the world and it simply isn't currently; mined that is. The ol' ratio of silver to gold is absurd in current reality as there is literally Megatons of the silver for every ton of gold and in fact silver gold ratio price should be much higher. In fact silver price is absurdly high right now compared to gold. Gold is rare and hard to mine. Silver is not only NOT rare, it is EASY to mine. Peru/Poland/Mexico can literally churn the stuff out by the megaton as they have VERY pure ores. Anyone going long on silver has to truly be dumb. Will make Peru's day nice and bright though. Maybe what the REAL takeaway is that Gold is underpriced by about 100X. Assuming silver stays the same due to easy mining megatons of the stuff in Peru. That being said, to blame REDDIT is absurd beyond all reason. No one was saying to go long on silver on REDDIT that had any large base user group. The trend on REDDIT wallstreetbets: "THIS IS A TRAP" was everywhere as soon as these CNBC frogs started croaking in unison after receiving their daily propaganda marching orders. Wallstreetbets and other such user groups NEVER said to buy up the silver bullion. People were just doing it because of CNBC etc and their goons yammering away in unison. Got a lot of sucker boomers to buy I'll bet which is what they were REALLY after to begin with. Quote Share this post Link to post Share on other sites
Tom Nolan + 2,443 TN February 9, 2021 3 hours ago, footeab@yahoo.com said: Why are you peddling this bald faced lie? Why? I agree, silver prices very short term only, will go up due to Fed reserves everywhere printing gargantuan amounts of fiat. This alone leads to the physical squeeze as common everyday Jacks/Jills buy the stuff to hedge against inflation. Housing is not a good bet, not to mention no one is selling housing. Mining is literally at a standstill due to the plandemic, so physical assets currently aren't moving... except things valued in direct $$$ and traded as such... existing minerals. What is hilarious is that Anyone going into Silver has to be a few french fries short of a happy meal if you asked me. There is literally a Gigaton of this stuff just waiting to be mined all over the world and it simply isn't currently; mined that is. The ol' ratio of silver to gold is absurd in current reality as there is literally Megatons of the silver for every ton of gold and in fact silver gold ratio price should be much higher. In fact silver price is absurdly high right now compared to gold. Gold is rare and hard to mine. Silver is not only NOT rare, it is EASY to mine. Peru/Poland/Mexico can literally churn the stuff out by the megaton as they have VERY pure ores. Anyone going long on silver has to truly be dumb. Will make Peru's day nice and bright though. Maybe what the REAL takeaway is that Gold is underpriced by about 100X. Assuming silver stays the same due to easy mining megatons of the stuff in Peru. That being said, to blame REDDIT is absurd beyond all reason. No one was saying to go long on silver on REDDIT that had any large base user group. The trend on REDDIT wallstreetbets: "THIS IS A TRAP" was everywhere as soon as these CNBC frogs started croaking in unison after receiving their daily propaganda marching orders. Wallstreetbets and other such user groups NEVER said to buy up the silver bullion. People were just doing it because of CNBC etc and their goons yammering away in unison. Got a lot of sucker boomers to buy I'll bet which is what they were REALLY after to begin with. It is very evident that you are uninformed. 1 Quote Share this post Link to post Share on other sites
Tom Nolan + 2,443 TN February 9, 2021 RELATED THREAD - OILPRICE.COM VIDEO https://community.oilprice.com/topic/22619-the-silver-short-squeeze/ Quote Share this post Link to post Share on other sites
Tom Nolan + 2,443 TN February 10, 2021 Continued at this THREAD https://community.oilprice.com/topic/22262-minerals-mining-and-industrial-ecology/?page=2#comment-147039 Quote Share this post Link to post Share on other sites
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