#silversqueeze

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SKULL said:
Voodoo said:
They are really fighting the $59 level and we popped out there for an hour or so.... I imagine they are in major pain now.
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Personally I think $59 is the picket fence. $60 is the trench just behind it.
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Its funny as hell looking back that this ^^^ ancient history that was being discussed,...... NOT EVEN A MONTH AGO.

I'm afraid we are in unchartered waters my friends, and I'm guessing we will be, going forward. Nothing seems to make sense right now. Personally I kinda like the idea of free floating with my orange survival boat and my life jacket firmly in place.....:LOL::cool:;)

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www.survivalsystemsinternational.com
 
I don't know. The free falls today aren't like the old free falls. Theres to much working against them. China wants control and power thru their own moves and thru BRICs, of course Industrial demand is at an all time high, theres quite a lot of consumer demand and Institutional demand, the dollar is shiite as is the rest of the fiats, national and International debt, and yada, yada, yada. You know all the rest.

There appears to be a built in safety net for silver right now that softens the blows and brings the prices right back up. Its headed right back up to $77 or $78 as we speak and it almost seems like were reaching a point where price doesn't matter, or doesn't matter that much, access only does.

In the end were buying and using more then were digging. I mean thats the bottom line ain't it ? It seems to be an exponential market where one thats patiently holding physical tightly just can't lose.
 
Well, I saw the smackdown get bought up like a tech stock. I think they were shaking the tree. According to everybody there is too much demand for physical to turn silver into a bear market right now. I think we get more smackdowns that get bought up after bulls got conditioned.
 
SilverStacker said:
I don't know. The free falls today aren't like the old free falls. Theres to much working against them. China wants control and power thru their own moves and thru BRICs, of course Industrial demand is at an all time high, theres quite a lot of consumer demand and Institutional demand, the dollar is shiite as is the rest of the fiats, national and International debt, and yada, yada, yada. You know all the rest.

There appears to be a built in safety net for silver right now that softens the blows and brings the prices right back up. Its headed right back up to $77 or $78 as we speak and it almost seems like were reaching a point where price doesn't matter, or doesn't matter that much, access only does.

In the end were buying and using more then were digging. I mean thats the bottom line ain't it ? It seems to be an exponential market where one thats patiently holding physical tightly just can't lose.
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I agree with u 100%. It's not " different " this time, as Silver will over shoot & then drop back. The " change " this time will be that the floor that Silver drops back to will be significantly higher than $50 given the increased demand.

The change is a just a generally larger world that wants more stuff & a lot of that stuff contains Silver. The other factor is that production of Silver will not catch up to demand in the short to medium term. When it takes 10 to 15 YEARS to bring on new supply from mines & no new significant mine supply in the pipeline, there will be ongoing deficits.

" There's not a shortage of Silver, only a shortage of Silver at this price ", is a brilliant quote. I would think there are stashes of Silver in the Billions of ounces. It just needs the right price to incentivize people to bring that Silver into the market place.

We do indeed live in interesting times 😎
 
I don't think it'll fall to that level, either.

Because King Dollar itself is becoming Pawn Dollar. It's in free-fall debasement.

The $200 price ahead for silver, is the same as a $20 price of 1985.

No, Silver wasn't $20 back then - it was around $8. But we weren't frantically debasing our currency, back then. ZIRP and QE would have been rejected as insanity. Correctly.

Now, the dollar is doomed.
 
I have no idea of the Validity - Possible, but maybe just a beat up ?



Still not high enough for me to sell :cool:
 
It's hard to compare, with an economy that's closed to free exchanges - both silver, the material itself, and dollar exchanges.

Remember, when we hear of "The Chinese" buying silver (gold, mercury, whatever) it's not Hoy Choi YinYang buying it. It's the GOVERNMENT - in the form of the People's Bank of China, or the People's Liberation Army, or whatever shell-facade corporation the move is hiding behind this week.
 
Casey Jones said:
It's hard to compare, with an economy that's closed to free exchanges - both silver, the material itself, and dollar exchanges.

Remember, when we hear of "The Chinese" buying silver (gold, mercury, whatever) it's not Hoy Choi YinYang buying it. It's the GOVERNMENT - in the form of the People's Bank of China, or the People's Liberation Army, or whatever shell-facade corporation the move is hiding behind this week.
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I don't believe ( 100% ) anything reported out of China.

Especially reported by the Government.

:unsure:
 
I do believe this guy though, the CEO of Kuya just did another interview.

He claims that at least 2 Chinese firms and now 1 Indian company have contacted them looking for Silver direct. OFFERING a ~$10 premium to current paper prices.

 
I know its been batted around that the physical stuff is getting harder to find. I see most online stuff going to like $81 / oz and a lot more pre-sale only available. So it would seem to me that with low Comex prices there should be buying coming in... Well look at yesterday a random Jan day... Looks like they bought over 1,500 contracts yesterday or almost $600 MILLION for immediate delivery... Ok then COMEX, lets see what you got.

1767886771853.png
 
TD bank appears to be one of the worst and most corrupt banks out there. Treat accordingly. This is what happened when people starting asking questions.

abc7chicago.com

Bartlett warehouse fire at Access document storage facility continues burning for 2nd day

A massive warehouse fire in northwest suburban Bartlett continues to burn Friday morning.
abc7chicago.com abc7chicago.com

Supposedly there was video of garbage trucks hauling away paper that was still on fire. Lol. Nothing to see here move along folks.
 
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Ok I've noticed a bit of a change in the delivery patterns here. Delivery notice from yesterday... doesn't seem that different. BUT OI in the front month has been declinging with zero deliveries... So I checked the past few days.

1769096603350.png

This has now happened FOUR days in a row. They have delivered ZERO contracts Jan 15, Jan 16, Jan 20 and then Jan 21... There has been a lot of EFP and TAS activity. is the COMEX Empty NOW?

Same thing in gold but it had a Big increase in OI yesterday.

1769096799856.png
 
Platinum is the same story, perhaps copper is the same. Ya, super weird..... did they start hiding the data? Or have a glitch?
 
Voodoo said:
Ok I've noticed a bit of a change in the delivery patterns here. Delivery notice from yesterday... doesn't seem that different. BUT OI in the front month has been declinging with zero deliveries... So I checked the past few days.

View attachment 18195

This has now happened FOUR days in a row. They have delivered ZERO contracts Jan 15, Jan 16, Jan 20 and then Jan 21... There has been a lot of EFP and TAS activity. is the COMEX Empty NOW?

Same thing in gold but it had a Big increase in OI yesterday.

View attachment 18196
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Maybe they went to the vault and did a in person inventory count🤣
 
Voodoo said:
... is the COMEX Empty NOW? ...
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No, but it is draining faster now (5.5M ozt on Monday):

pmbug

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

👀 Yesterday (1-21) in silver

Yesterday silver dove from ~$95 to ~$90, and recovered to ~$93. Below the surface, COMEX + SLV are bleeding and LBMA appears to be frozen ... 🧵👇
spot 1-22-26.gif

COMEX 1-20​


1.3M ozt (42 tons) deposited in Asahi (118K), HSBC (1M), StoneX (200K [R])

5.5M ozt (171.5 tons) withdrawn from Brinks (319K), CNT (633K), JPM (2M), Loomis (1.8M), MT&B (690K) et al

3.7M ozt (115.6 tons) moved from [R] to [E] mostly in Asahi (3.5M)

COMEX Commentary​


Tuesday was a 9 trucks withdrawal day! Trump says a deal was reached and tariff risk is over. Expect Jan26 EFP...
  • Thanks
 
pmbug said:
$1k silver and I'm definitely taking SCUBA diving lessons!
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I am a PADI certified rescue diver. I dove mostly in Florida, but have gone in Cozumel and Caymans. The best reef diving in Florida is in Key Largo and it's relatively cheap.

Night spearfishing and lobster dives are the most fun. Deep wreck dives require a bit of training and a wetsuit.
 
How many precious metals caches have you found in boat wrecks at the bottom of lakes?
 
1. You want to go to Universal Epic and Islands of Adventure, not Disney.

2. I liive on the Treasure Coast which eponymous for the 1715 fleet wreck from a massive hurricane. There is a treasure dive boat just like the late Mel Fisher's that can be seen not 100 yards from the beach behind my condos. You need a license to treasuee hunt in the water, but anything out of it is finders keepers.
 
Viking said:
I'm going to Disney World!

Then next door to nick's place for hookers and blow.
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$1000 silver...and Disney World will be closed.

Because Disney and its NPC customer-base, will both be ruined.

Precious metals are the thermometer. Our economy right now is feverish; but $1000 is indication of impending death.

Thousand-dollar silver, and going grocery shopping will involve getting ten well-armed true friends, and going to the impromptu bazaar or farmer's market, or else the black-market location where your meat-source trades.

The armed backup will be to protect against brigands on the way - which, you can bet, WILL involve former police, now cut off from wages and pension hopes.
 
Adam Taggart recently had Andy Schectman on. Couple things I did not know.
1) US mint was ordered to limit production of silver eagles (Illegal) and comex has a warehouse in either Shanghai or HK where you can take delivery. So it is fairly easy to buy contracts at a 10.00 discount on the comex and take delivery in Asia.

 
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Casey Jones said:
$1000 silver...and Disney World will be closed.

Because Disney and its NPC customer-base, will both be ruined.

Precious metals are the thermometer. Our economy right now is feverish; but $1000 is indication of impending death.

Thousand-dollar silver, and going grocery shopping will involve getting ten well-armed true friends, and going to the impromptu bazaar or farmer's market, or else the black-market location where your meat-source trades.

The armed backup will be to protect against brigands on the way - which, you can bet, WILL involve former police, now cut off from wages and pension hopes.
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IMG_1469.png
 
Grok says:
...
While COMEX previously offered a Gold Kilo Futures contract (GCK) from 2015 to 2025 that allowed physical delivery in approved Hong Kong vaults (e.g., Brink's Global Services Hong Kong Limited, Loomis International (HK) Ltd., and Malca-Amit Far East Ltd.), this contract was delisted in March 2025 due to low trading volumes and is no longer available. There is no equivalent for silver, and no current COMEX contracts support delivery in Hong Kong.

Participants can use Exchange for Physical (EFP) transactions to exchange futures positions for physical metal off-exchange, potentially arranging delivery elsewhere (including Hong Kong) via private agreement, but this is not facilitated or approved directly by COMEX as part of its exchange mechanisms.
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Says video is unavailable so I guess I cant post it here.
Casey Jones said:
$1000 silver...and Disney World will be closed.

Because Disney and its NPC customer-base, will both be ruined.

Precious metals are the thermometer. Our economy right now is feverish; but $1000 is indication of impending death.

Thousand-dollar silver, and going grocery shopping will involve getting ten well-armed true friends, and going to the impromptu bazaar or farmer's market, or else the black-market location where your meat-source trades.

The armed backup will be to protect against brigands on the way - which, you can bet, WILL involve former police, now cut off from wages and pension hopes.
Click to expand...

Maybe, or maybe not. Back in 2000 when silver and gold were 5.00 and 250.00 people would have said the same thing about the current prices today. That is a 20x move since then and the world isn't burning. A move to 1000 silver with primary demand coming from industry is nothing. Thats only 10x from here. From there my 3000 price target on silver is only 3 x. :). Not sounding so crazy now.

Actually that call for 3000 was from the late Jim Sinclair. I'm just keeping it alive.

So here we are today and the average person has no clue about gold and silver. Like 99% of the population. The only "money" they know is paper currency.
The price of the metal no longer has any rules as to keeping pace with inflation or wealth preservation. It's way beyond that now. Inflation is not up 20x since 2000.
 
Well...silver hit 100, and gold 5000; and whackadoodles are hitting Immigrations agents, and the Deep State working to extinct cows as they tried to extinct chickens.

The two are not unrelated. The price rise is the low-grade panic of the relative few who still have money.
 
Cigarlover said:
Adam Taggart recently had Andy Schectman on. Couple things I did not know.
1) US mint was ordered to limit production of silver eagles (Illegal) and comex has a warehouse in either Shanghai or HK where you can take delivery. So it is fairly easy to buy contracts at a 10.00 discount on the comex and take delivery in Asia.

Click to expand...

.

Question?....

Sell Or Buy After $100 Silver & $5,000 Gold Are Hit?​

Answer, for me neither. And that's probably a good answer for most who have been stacking for some time. HOWEVER, for those who have
less than, say 500oz of AG (How's that for pulling something right out of my ass), that's probably not the best answer. As tough as it might be I'd encourage buying.


.
 
Cigarlover said:
Maybe, or maybe not. Back in 2000 when silver and gold were 5.00 and 250.00 people would have said the same thing about the current prices today. That is a 20x move since then and the world isn't burning.
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Ah, but the world is. It's just in the early stages.

None of us know what the tipping point is. I would posit that we're close, now...Minnehaha is going down; Chicago is on the verge, Denver has government officials putting up posters telling "residents" they need not cooperate with ICE.

Meantime, the homeless problem is not abating. Now a lot of homeless are former middle-class types, priced out of their homes.

At some point, this all goes sideways. Do the victims wig out? Or do we just become Prison Planet? I dunno.
 
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