Was That Silver's Final Blow-Off Top?

Welcome to the Precious Metals Bug Forums

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!

I did not watch the AI slop. So are silver "positions" going to go bad? Do the "positions" mean long or short? If anyone has factual input, please accept my gratitude.
 
I'm going to call no, too much has been uncovered regarding the paper silver scam to be ignored or swept under the rug. The market can't unsee the level of fraud but it won't stop the scammers from pumping even more paper into the mix.
 
I'll never call anything as certain, but the ETF emperor has been shown to have no clothes. How the market takes it (or is manipulated) remains to be seen.
 
Have to wait and see if China lets the prices come down and if so, how far. Looks like a topping tail and big reversal candle to me. A pullback to 50 would not be unreasonable.
I could see the institutions here letting the price drop while China keeps the prices up. They buy here for 50 and sell there for 80 and make gazillions. But only while supplies last. China may even throw in a set of GINSU knives.
 
Cigarlover said:
Have to wait and see if China lets the prices come down and if so, how far. Looks like a topping tail and big reversal candle to me. A pullback to 50 would not be unreasonable.
I could see the institutions here letting the price drop while China keeps the prices up. They buy here for 50 and sell there for 80 and make gazillions. But only while supplies last. China may even throw in a set of GINSU knives.
Click to expand...
The big tell will be if China says " we will buy Silver for $80 + , but only for Delivered Silver, sorry no Paper Promise's ".

Supposedly China controls 40% of Silver refining ? If that's true & the put a choke on what amount of refined Silver can leave the country, mmm, then I really can't see the price of Silver falling.

The reality of 5 yrs ( some say 7 yrs. The 1'st 2 years was covered by ETF outflow not mined supply ) of STRUCTURAL DEFICITS in SUPPLY is starting to become a factor in the Pricing of Silver that is available, not the Paper Promise's of future delivery.

I think I will hold my Silver Stack for now :cool:
 
nickndfl said:
Well, what happened in Venezuela should spike gold and silver and expedite de-dollarization. China was sent a message too.
Click to expand...
America sent a message to the WORLD !

" There are only the Rules that we make & that u will abide by ".

De-Dollarization will be the Push Back against that Message.
 
Viking said:
Does anyone watch Michael Oliver's SLOP™? If you listen to him, you'd be pimping your children to buy more silver! LOL
Click to expand...
Mmm, so u think promoting ur brand of AI Slop 🤮 as opposed to others AI Slop 🤮 is somehow a benefit to us ?
 
You must log in or register to reply here.
Back
Top Bottom