2026 Lunatic Fringe - Market and Trade Chat

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Ok, help appreciated. Why did the PSLV discount rather suddenly jump from the usual 3-ish percent to 9% within the past couple of days?
 
Not a good time to sell PSLV at market price, then. Edit - maybe not a bad time to buy though...
 
Big smash down. I took the opportunity to buy some more PSLV, somewhere near the local bottom. Bought at 34.19, and it is trying to climb back up from 33.8x.
 
I wish I could see behind the curtain of the Wizard to watch all the levers being pulled. To no avail, these days, but it is definitely a coordinated effort, as they are working in multiple markets, and they are enlisting any number of schills to scream a variety of negative news about "silver not being a store of wealth", and "the top must be in, run for your lives", etc. And yet, the PM prices are already recovering. Silver just passed 116.5, and gold is nearly back to 3400.
 
68camaro said:
I wish I could see behind the curtain of the Wizard to watch all the levers being pulled. To no avail, these days, but it is definitely a coordinated effort, as they are working in multiple markets, and they are enlisting any number of schills to scream a variety of negative news about "silver not being a store of wealth", and "the top must be in, run for your lives", etc. And yet, the PM prices are already recovering. Silver just passed 116.5, and gold is nearly back to 3400.
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There are an endless number of cockroaches when you go looking. I gave up worrying about it. There are worse critters.
 
I did not sell any.physical and bought more HYMC. It is being accumulated.
 
After closing out yesterday's position last evening with a profit, I bought a 1000 shares of PSLV again this morning. this time at 31.37. It's moving around a lot, so no guarantees of a quick buck, but as I write this, 31.89, so that's the right direction. $500 to the good so far.
 
68camaro said:
After closing out yesterday's position last evening with a profit, I bought a 1000 shares of PSLV again this morning. this time at 31.37. It's moving around a lot, so no guarantees of a quick buck, but as I write this, 31.89, so that's the right direction. $500 to the good so far.
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I bailed out at 30.50 with a small loss, as it turned down and is still dropping. The market is riled up, especially silver.
 
Emphasis is mine:
David Bateman said:
I’ve learned recently that the local coin shops can’t sell their lower grade junk silver because

a) refineries aren’t buying it because it’s easier to refine 999 silver and

b) they are having trouble financing hedges against their existing inventories.

This is creating congestion in the silver supply chain and causing demand destruction.

I’m not super up to speed on how to wholesale networks are structured, but I decided to allocate up to $200M to help clear these back logs of 90% constitutional silver. If anyone can point me in the right direction I would appreciate it.

The spice must flow
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pmbug said:
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We need 1 more red candle like today to take us down to the low 60's.

Michael Oliver pointed out recently that in the 70's gold rose to 200. It then went down to 100 where it turned around and went up 8.5 x eventually to 850.
Would love to see gold down to 2600 and then make an 8 fold increase from there to about 20k
 
So apparently on the way down there is no limit down where they shut down the market. However on the way up there is a limit up. LOL. At least 75 held, more or less. See what Monday brings.

Silver did go and bounced perfectly off the 50 day it looks like.

It took silver like 8 billion years to get to 35 and now in one day it moves that much. LMAO..
 
Get out of market before end of every month. This was engineered when the US Mint raised their prices. It was part of the set up.
 
FYI - the slam started after the SGE closed in China. We'll see what happens over Sunday night when China resumes trading.
 
Kerry Lutz (student of Martin Armstrong - take both of those with a grain of salt, but maybe there is something here), suggests that this is a specific form of manipulation where TPTB purposely let the market climb fast, perhaps egging it on, as we've seen in Jan. Then, when people are very long, some over-extended, some leveraged, they sell, sell, sell and slam on the brakes, which creates it's own "weather environment" as trading algos kick in. Today I was watching trades on the chart in real-time and I swear I saw several times when the market was trying to slow and turn up that someone jumped in and sold a large tranche at several dollars lower than the market rate, reversing the trend and sending it back lower. That's got to be someone feeding the manipulation. No one sells a large tranche at lower than the market rate.
 

The Melt-Up Trap: Why Stocks Must Rise Until the Dollar Breaks​

“Viewed through the lens of gold, the stock market tells a very different story than it does in fiat terms — and this chart makes that unmistakably clear.”

internationalman.com

The Melt-Up Trap: Why Stocks Must Rise Until the Dollar Breaks

Despite soaring stock prices, real wealth is eroding because those gains are driven by currency debasement rather than true value creation.
internationalman.com internationalman.com
 
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