Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.
Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!
pmbug said:Gold and silver both trade essentially flat (very slightly up) from yesterday's close in overnight trading in China. The SFE silver vault reports a strong inflow (though not as big as yesterday). The SGE silver vault reports a massive outflow for last week. These vault numbers are net totals. It would be interesting to know the actual deposits and withdrawals to see how much metal was actually flowing into SFE ~> SGE ~> private hands.
I've owned a couple NVDA puts but want to follow this trade. I wish I knew which expiration and strike prices he owns. May have to do some digging.
It looks like all the articles came out in mid-May and only represented his holdings as of Q1 or March 31.
View attachment 16682
This is not a price chart. This is a crime scene.
Whenever you see this type of waterfall decline in the price of gold or silver (80 cents within 40 minutes!), on no news whatsoever, which quickly reverses itself as though nothing had happened, you should know that some bankster has gone "stop hunting".
They manipulate the price lower in order to trigger automatic stop loss orders, set up by unsuspecting traders. Then they buy back those contracts at a lower price and pocket the difference. It's highway robbery, and yet no one will investigate it and no one will ever be prosecuted for it. The banksters are above the law.
This is why I ask you to buy physical bullion, and not ETFs or futures contracts. When you own the actual metal, you are immune to such shenanigans.
In yesterday's recap I mentioned how the banks short position in the silver market had reached the second highest level in history, and remains only 4,000 contracts away from the all-time record set in July of 2016. And given how the price has risen $2 since the cutoff from last week's report, which extends to the end of today's trading, there's a good chance that the banks once again increased their short position in this week’s reporting period.
...
Yep! Been a victim of this very thing.
~~~
LBMA Silver Short Position Now 2nd Largest In History | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zerowww.zerohedge.com
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?