AlwaysRed
4 시간 전
The problem with these older guys that "know everything" is that the days of fundamentals are over. The days of supply and demand are over. The owners control all the markets and started with the commodities. Especially gold and silver. Gold and silver were competing currencies to their master plan. The dollar must reign supreme. The dollar is the tool they used to buy and control the world.
It is these same people that feel that the dollar is fiat and don't truly understand how the economic system works. They think that the dollar, and our national debt, operates likes their private personal finances. Where debt is bad and we need to have a balanced budget. The dollar is a ponzi scheme and can't be reduced or tapered. All debt is money and all money is debt. That is the first thing to understand.
The metals markets is similar. In the real world, supply and demand would matter. That is what stumps these people. We are not living in the real world. We are living in a digital world where the markets are controlled by digits. There are unlimited digits to control the metal markets. When gold rises, it benefits them. I am sure they allow gold appreciation to offset silver and balance sheet losses. The banks own/hold gold as an asset.
Remember when we were "tamped down" during the silver squeeze?
That is a continuous program. It is part of the system. This is a business to them. It has NOTHING to do with supply and demand. How can there be a short squeeze if there are endless digits to SMASH the price of silver to whatever levels they want?
Some people pick it up quickly. Some people it takes time. And some people die waiting for 1,000 dollar silver.
AlwaysRed
10 시간 전
Funny stuff.
Sprott is one of the biggest metal salesmen in the business. If you believe him I have a bridge to sell you. Next thing you know we'll be linked info to Keith Neumeyer. He certainly is a good resource right? Another metal salesman.
40 cent smash today so far:
https://www.bullionvault.com/silver-price-chart.do
Lots of contracts being moved to July:
https://www.cmegroup.com/markets/metals/precious/silver.volume.html
34,639x5000=173,195,000 ounces x 32.84(current silver price) = $5,687,723,800
$5,687,723,800 @ 32.84
Last year when contracts were being created the price of silver was at the peak May 26 $32.06. May 2nd $26.56
If contracts were created on May 26th at 32.06......173,195,000 x $32.06
$5,687,723,800-
$5,552,631,700=
$135,092,100 Million dollar loss.
If contracts were created on May 2nd at 26.56.....173,195,000 x$ 26.56
$5,687,723,800-
$4,600,059,200=
$1,087,664,600 billion dollar loss.
When during the month of May were the contracts created?
What price were the contracts created?
How many contracts are simply paper (Fictitious) contracts?
How many contracts will be moved forward?
Mel Gibson and Tina Turner are saying the price is going up. However the banks lose money on anything above 32.06. Hell they will probably lose on anything between 26 and 32.
Watch the volume bars and contracts through the month of May. I'm no longer long until May is dealt with. Smashes are incoming.
https://www.cmegroup.com/markets/metals/precious/silver.volume.html
Never trust a metal salesman. Their job is to sell metal.
MasterBlastr
1 일 전
Dollar dominance is very important, and is eroding, but remains strong, at least for the immediate term.
Here is a nice Dollar Dominance Monitor - just how accurate, I don't know, but note the changes over time (days, weeks, or sudden changes)
https://www.atlanticcouncil.org/programs/geoeconomics-center/dollar-dominance-monitor/
MasterBlastr
2 일 전
Not bad. I would add that that gold just hit the all time inflation adjusted high at $3509 just touching the old January 1980 inflation adjusted high of $850. One reason silver is lagging, and may continue to lag, is the portability and liquidity of silver in large quantities. Gold can be transported by plane and travels much more quickly than silver, which can only be transported by boat. If you can't move it, or move it fast enough, then you have to deal with paper.
MasterBlastr
3 일 전
Most of these contracts go to traders, but some are industrial users. Industrial users are more likely to take delivery, but more traders and speculators are taking delivery now, with may put a strain on warehouses like the LBMA in London, Bank of Montreal, and others . China may be contemplating a squeeze buying up these vault holdings. Read everything about Sprott you can. Otherwise just Google it, ChatGPT it. I can't do much better than that. But I would say look for someone who would trade open leverage contracts, but be vely vely caweful.
AlwaysRed
1 주 전
May deliveries right around the corner. Contracts are due:
https://www.cmegroup.com/markets/metals/precious/silver.volume.html
56015 x 5000 = 280,075,000 ounces of silver due for delivery in May
280,075,000 x 32.17 at time of writing = $9,010,012,750 in contracts due for May.
The price of silver last year May was appox where we are at right now.
In June last year they smashed the price down in the 28 range for July deliveries.
And remember that another reason the price of SLV and GLD is going down right now is because the market is down. There is a flight for safety into SLV and GLD. But they don't realize what they are doing to the price by doing so.
AlwaysRed
2 주 전
First thing I will say is this.
I believe that gold should be well over $10,000 per ounce and silver should be $1,000 per ounce
Remember that all the numbers that we believe are told to us by metal salesmen.
Gold to silver ratio used to be determined by the amount of silver removed from the ground while digging for gold. 15X more silver than gold.
Since the inception of the algorithm by Greenspan in the 80's and SLV/GLD the GtoS ratio is insignificant.
Here is the live chart I use:
https://goldprice.org/gold-silver-ratio.html
The reason that gold is outpacing silver right now is because silver futures contracts and mandatory deliveries of silver.
Here is another example if you use the amount of dollar creation compared to existing gold/silver reserves:
https://www.usdebtclock.org/
Dollar to silver ratio $1,104 per ounce
Dollar to gold ratio $8,550 per ounce
That is the ratio compared to dollar creation. That is closer to where the prices should be.
But since the implementation of the GLD and SLV markets, the prices can go wherever they allow them to go.
The banks hold gold on the balance sheets as an asset. As the price goes up on gold their balance sheet increases.
The banks have to deliver silver. The banks are contracted up to 1 year in advance for silver contracts.
I have shown you all this many times before. They WILL have to allow the price of silver to slowly rise. This will cause them losses. However they can offset those losses with gold profits.
They can slowly allow the price to rise and they can roll over, or create new silver contracts with higher prices. But they CAN'T allow the price of silver to explode. And they wont.
So there are 2 realities happening here.
There is the physical reality where there is an actual physical product. Gold and silver. And they mine those items and deliver them.
There is a digital reality that they use as a pricing mechanism for the gold and silver markets called SLV and GLD. SLV and GLD have infinite amounts of digits. They have the SLV and the GLD markets connected to their Algo that controls the pricing.
The silver squeeze 4 years ago proved that even if all the retail establishments and all the online dealers run out of physical silver the pricing mechanism will NOT allow the price of silver to rise. And as long as they have enough physical to fulfill their contracts it does not matter.
They can run this scam until all the metal is gone and they can still control the pricing via SLV and GLD.
If they wanted to they could smash the price of silver to 10 dollars per ounce. They could cause the GtoS ratio to climb to 500.
I have shown for years here that the delivery months and futures market is where it is at:
https://www.cmegroup.com/markets/metals/precious/silver.volume.html
The higher the bars the lower the price of silver. The lower the bars the higher the price of silver rises.
Contracts for delivery due on May, July, Sept, Dec, March
In the old physical reality we should all be selling our gold and buying silver. The ratio is all out of whack.
But in this new digital SLV GLD reality they can be whatever they want them to be.
It is all managed.
I am glad I got into AGQ when I did as I am reaping the rewards.
I am going to watch and see how high they let it go prior to May deliveries before I am back into ZSL.
Every metal stock moves the way SLV and GLD move. They all correlate. That is why I like to use the leveraged plays.
Use leveraged gold stocks if you want to play the gold market. This is not a definitive list, only a starting point. research.
https://etfdb.com/themes/leveraged-gold-etfs/
The markets only go where they allow/want them to go.