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Personally I think $59 is the picket fence. $60 is the trench just behind it.
Numbers do play on human psychology. It's why they price an item at $1.99 & not $2 - because the 1's is the thing that registers in ur mind & the extra $0.01 makes it a $2 that registers.
So Silver has only ever had a 5 handle in front of the price. Once it has a 6 handle in front of it, the spell of $50 + is broken & everyone knows that $60 + is the new reality.
Example is the 4 minute mile. Was said ( by scientists/doctors ) that the human body couldn't break the sub 4 minute mile. The sub 4 minute mile was broken in May 1954 & yet it was broken again in June of 1954. Why ? because the 2'nd runner knew it could be broken - Belief.
So breaking $60 Silver could cause a run towards $70 & the big/major players know that & will do all they can to stop that happening.
Sam Walton was a master at "lost leaders" to get people into the store for that cheap item. But then he'd have the same product with more features for more money., and then the same product again with even more features for even more money, etc. Customers usually ended up buying the more expensive ones.Yeah I learned all that in the grocery business. If you got an item gathering dust on the shelf all they have to do is dust off the shelf, put a sale sign in front of it, and then sit back and watch it sell. Grocery stores operate on such slim margins there will never be really "cheap" items. And if you do find a few they are probably backed up on it, and/or, they are putting it on sale just to get people into the store because they know once your in you'll start buying other things. Thats how retail works ; They want to get you into the store and let you be an American with that CC out.
Another thing, and this made us laugh, is that most generic items are the exact same thing as the fancy ones. Your paying for the name on the box, in fact, its probably the same company who makes the fancy stuff making the generic using the very same ingredients.
Yeah I learned all that in the grocery business. If you got an item gathering dust on the shelf all they have to do is dust off the shelf, put a sale sign in front of it, and then sit back and watch it sell. Grocery stores operate on such slim margins there will never be really "cheap" items. And if you do find a few they are probably backed up on it, and/or, they are putting it on sale just to get people into the store because they know once your in you'll start buying other things. Thats how retail works ; They want to get you into the store and let you be an American with that CC out.
Another thing, and this made us laugh, is that most generic items are the exact same thing as the fancy ones. Your paying for the name on the box, in fact, its probably the same company who makes the fancy stuff making the generic using the very same ingredients.
Unless you have a lead deficiency.Never buy ANY foodstuff that's imported from CHINA
Little Bit of Chart wonderings....
The EFP Silver ratio spread. Look at the last time we spent 8-9 days above this 50 cent spread area. Indicating London delivery problems.
View attachment 17683
Then look at what Silver did right after that time frame.
View attachment 17684
Yeah I learned all that in the grocery business. If you got an item gathering dust on the shelf all they have to do is dust off the shelf, put a sale sign in front of it, and then sit back and watch it sell. Grocery stores operate on such slim margins there will never be really "cheap" items. And if you do find a few they are probably backed up on it, and/or, they are putting it on sale just to get people into the store because they know once your in you'll start buying other things. Thats how retail works ; They want to get you into the store and let you be an American with that CC out.
Another thing, and this made us laugh, is that most generic items are the exact same thing as the fancy ones. Your paying for the name on the box, in fact, its probably the same company who makes the fancy stuff making the generic using the very same ingredients.
Oh, yeah. That's universal in retail. The Walmart loss-leaders. The convenience stores, with cut-rate gasoline. Costco...they lose money on every hot dog. But you don't go into a Costco and then just get your frankfurter.When I was a teen, I worked at a Toys R Us store for a summer assembling bicycles. Back then, they were selling diapers at cost simply because they knew that once you walked in the store, you were going to buy more than just diapers.
you need to get off the strip .........lolThere is no deal on hookers in Vegas that's for sure.
You can rate them, the off-strip girls, by bags.you need to get off the strip .........lol
MSM is getting into the PM's stories.
pmbug said:COMEX silver vault stock report claims JPM vault has 196,188,679.123 ozt (of which 100,171,112.2 belongs to SLV).
JPM holds 416,915,155.9 ozt in the LBMA on behalf of SLV. It is unknown how much of the remaining ~179M ozt LBMA free float is held by JPM.
Outside of SLV holdings, JPM holds anywhere from 96M to 275M ozt of silver (in the COMEX + LBMA at least).
plenty to dump on the market if they so choose ......
I would think that JPM doesn't " Personally " own a single oz of that Silverplenty to dump on the market if they so choose ......
Aren't those ounces held by their clients?plenty to dump on the market if they so choose ......
Aren't those ounces held by their clients?
I would think that JPM doesn't " Personally " own a single oz of that Silver
They make money " risk free " by doing the trading/deals
also china has the worlds largest refining capacity that they need to keep fueled .....That is why China is buying straight from the miners to bypass the tribal traders.
Yabbutt...they're much too busy casting fakes.also china has the worlds largest refining capacity that they need to keep fueled .....
I don't know how the riggers can be out of money.I know this is the SIlver thread but these Gold numbers are amazing... I think this means the riggers are pretty much out of money. There is no way you are out of physical Gold.
They made SIX deliveries and the OI grew big again. Now up to owing $600 million.
View attachment 17748
I'm not a banker - I just hate them on the Web.But the FED IS the short seller of last resort. They have nothing except a balance sheet... so even if they can create bonds what if no one accepts the bonds anymore? I know its getting weird.
I don't believe the (not)Federal Reserve even HAS any physical.And i don't even know the details of how that all works. My eyes roll back in my head.... lol
But regardless they Must have both an Asset and Liability ledger. Perhaps they just can't acquire the physical Gold and Silver. The East has cut off their supply and certainly now won't accept any paper for it.... So how do they acquire physical without them accepting their paper?
I look over every data point in the world and in the economy and I just can't see a single reason why silver wont take off even more. How far and how fast I don't know but it sure as heck isn't only $65 oz. This isn't wishful thinking ; This is simple analytic understanding of the evidence for and against. Simply put the future is silver and even whittling it down to its simplest form the law of supply and demand alone points to a big increase in value. But of course its far more convoluted then that with the metals importance interwoven with the forseeable future of advanced technology thats advancing at an exponential rate like a snowball rolling downhill, faster and faster while getting bigger and bigger. And in the middle of this snowball lies the one metal that conducts and stores power better then any other "among other uses" .And the supply chain for silver is so threatened I'd expect the efforts of science to find a suitable replacement more likely then I would the efforts to mine or recycle more. If in fact meeting demand is even possible in any event. The final linchpins for my analysis have been 1, America placing it on its critical minerals list. 2, China restricting, if not outright banning the exports of it. 3, The Billionaires and large Institutions buying by the millions of ounces and hoarding them. 4, No end in sight regarding supply and demand. 5, Reaching and holding new floors of prices outside of anyones control and continued expansion of the price of the metal. 5, Lastly, the renewed importance of silver in an entire generation of advanced technology like the solid state EV batterys that will transform the auto Industry.None of this is emotional or wishful thinking. Its obvious and logical analysis of real data. The only thing I can see that would stop this march forward would be a catastrophic economic collapse and even then precious metal would at least keep us in Mac and cheese.
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