2025 Lunatic Fringe - Market and Trade Chat

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Voodoo said:
So far they are clearly trying here today. Expect the PCE to come in a bit hot here soon. But what happens the next few days is pretty important.

Edit: and PCE was slightly higher than expected.
Click to expand...

It still looks to me that the pressure is highest on Platinum. They really tried to smack em down today. Looks like it just double bottomed about $1,337 this morning. Just about Unch on the day is a pretty good sign IMO.
 
PM's are waiting for 'something' to tell them which direction to head....
 
End of quarter is in the books. I expect metals to resume climbing shortly.
 
Damn, that's somewhere approaching $40 million?
I am just an ant hauling a grain of rice in comparison.
But my "thank you" to David Bateman, whoever he is.
May he prosper from his investment that will benefit every one of us.
 
Someone_else said:
Damn, that's somewhere approaching $40 million?
I am just an ant hauling a grain of rice in comparison.
But my "thank you" to David Bateman, whoever he is.
May he prosper from his investment that will benefit every one of us.
Click to expand...
Yep. He bought more earlier.
pmbug

Post in thread '#silversqueeze'

David Bateman bought almost half a billion dollars worth of silver on the COMEX and took physical delivery:





  • Silver
 
1.3M in one day. 12.69M in 4 months.
 
Someone tried to bring silver down this morning, but someone bigger apparently bought the dip.
 
Someone BIG has been buying ALL these dips in Pt and Silver lately. Scooping up everything they can. So much so that I think the market riggers went from the normal daily waterfalls from Comex open to 11am / London close, to these overnight trades. They simply have to go to the less liquid times of the day to even get a result.
 
See there I go and open my big mouth. They brought back the Comex open smack down. Really hating on Gold and the Miners today. Silver holding up pretty darn well. Might have to go SILJ shopping here soon.
 
I expect it will correct back up before the day is done. These 'news headline' moves aren't lasting long these days.
 
🚨Silver is quite literally at its final hurdle before beginning a parabolic run. Parabolic moves in silver do not start at some arbitrary level in price or breakout in price. Parabolic moves in silver are historically much more akin to Thermal Runaway.

They start when silver runs so hot that its own temperature begins to fuel its own move, causing it to run even hotter and thus move even faster, endlessly burning until it explodes (and collapses). Thankfully, that "boiling point" in silver can be measured with breadth. As of right now, silver is about 1 degree shy of the temperature it needs to start its unstoppable and self-fulfilling Thermal Runaway.

Because silver is so close to a parabolic move, I've gone ahead and invested into more of my favorite silver plays today, regardless of price. It looks good across the board, and silvers BiB levels cannot be ignored. The charts speak for themselves.

Initial price resistance on breadth would take us to about the $54 mark if it broke right now, but if it performs as gold did (we predicted this same setup in gold) then this resistance in breadth will be quickly tested and then broken, and a new precedent will be made.

In other words: silver will set its own new precedent in BiB (breakout in breadth) levels like gold did, taking it into blue sky territory not only in price, but also in temperature. Which is to say, it will run very overextended; but the duration and breadth of this overextension from moving averages will become a "new normal" exactly as gold did.

All of that is to say that as high as silver goes the floor will follow as well. The upper range of silver's "thermal limit" will be increased, and nominal temperatures once considered very hot will become the new room temperature. It's actually going to make this tricky for everyone, including the bulls.

We talked about all of this in depth in our last video.

The TLDR is that silver is quite literally on the cusp of the breakout move that most silver bulls gave up on ever seeing. The new precedent that will likely take place as a result of this move is going to result in a bull market that most hoped for, but few understood was actually possible.

Expect the unexpected.
Click to expand...

 
Hmmm, this usually happens when somebody wants the price to drop... for a reason.

From Bill Holter

83 million ounces of silver were dumped yesterday, in an hour, in an effort to stop this breakout in silver.
This short position is now completely underwater, which means that the bankster that sold those ounces needs to come up with physical.



— ENOUGH (@EnoughI18154019) July 13, 2025


That's about $3,071,000,000!!!
 
Bill's Commentary:

"A very good description of the current silver market."

Bloomberg: Silver Rises Highest Since 2011 as US Premiums Grow

Silver markets are flashing red as the amount of physical silver available for immediate delivery in London has plunged to the lowest levels ever recorded.

According to Daniel Ghali, senior commodity strategist at TD Securities, the so-called “free-float” inventory at the London Bullion Market Association (LBMA) has dropped to just 155 million ounces. That’s less than a single day’s worth of trading volume for spot silver in London, and it marks an unprecedented squeeze in the world’s most important silver trading hub.

thesilverindustry.substack.com

Bloomberg: Silver Rises Highest Since 2011 as US Premiums Grow

Silver Nears 2011 Highs as Physical Market Fractures: | by Jon Little intern Mr. Carmine Lombardi
thesilverindustry.substack.com thesilverindustry.substack.com
 
Goldhedge said:
... the so-called “free-float” inventory at the London Bullion Market Association (LBMA) has dropped to just 155 million ounces. ...
Click to expand...

It's actually fallen to 148M toz:

pmbug

Post in thread 'Silver Demand Drivers (and vault totals)'

Update (see post #151 for last month):
  • LBMA - As at end June 2025, ... There were also 23,791 tonnes of silver (a 1.8% increase on previous month)... ETF report for 7 July claims ~616 mtoz vaulted in London. That leaves a total of ~148.8 mtoz of silver in the London vaults not owned by ETFs. This compares to ~163 mtoz reported at the end of May.
  • COMEX - As of July 1, 499.695 mtoz registered + eligible - 103.17 mtoz owned by SLV = 396.525 mtoz not owned by SLV. This compares to ~392.225 mtoz reported at the end of May.
  • SFE/SGE - As of July 2 (SFE) and June 27...

~~~



 
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