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Loading ...Great spot re SLV
here is a chart of Spot Silver minus SLV…u can see that it starts @ 0.00 ie par…then due to charges it slowly rises…until now when it starts to explode….!!!!!
Ipso facto is right someone has opened the cupboard and found it empty…..hence this attack…JPM and Co have got to stop the bull..but it’s too late…..
I’ve seen them at $.10 before but not like this.
I can imagine too that the algorithms in the shares are set to track the ETF’s.
These guys get away with murder.
That’ll piss some people off when the Ole Cupboard at SLV is found to contain mostly pieces of paper!
Your theory sounds right on to me!
Perhaps SLV is being shunned because the smart money knows that JPM ( the principal custodian for securing the physical Silver for the ETF), doesn’t have it??
The big players want to take delivery of the real thing, and not dabble in an ETF that has paper claims to physical Silver…….
Captain Hook seems to understand the dynamics of it all a lot better than I do.
Silver is up $1.77 according to Netdania, and Kitco $1.60, yet SLV is only up $.08??
That doesn’t make any sense. SLV has always tracked. Something is off, way off.
SLV doesn’t have the metal, we know that. Are the big boys quietly exiting without trying to make too big a splash?
Same thing is happening with AGQ and PSLV?
I don’t hold either one, but if I did, I’d be pissed.
Anyone?
Shares of course make no sense, but I still think they are going to firm up as the day goes on.
Sure looks like machinations. Someone is trying to point the GDX in a certain direction. Smells of desperation!
… expect another surge in the shares before things cool off for a while.
Where does that take the shares if silver starts vexing higher in coming days/weeks?
Chuckle … snort
Who sells PM shares like this …..this is GDX from todays opening….
West Red Lake Gold Reports Third Quarter Operations Update for Madsen Mine Ramp-Up
Re Zero….Can’t see the article as Premium and won’t pay for that……But I get the feeling that Wall st and other professionals, have been flat footed by this PM move, they ain’t in…so are now looking for a Top …..
Garrett Goggin, CFA & CMT
@GarrettGoggin
Tether is cornering the Gold market. They are already taking down 2 tons of Gold per week. That’s as big as China. Tether stores its Gold in its own vault outside LBMA/COMEX/GLD/Fed/Chase commingled vaults allowing for 1st true supply/demand price discovery in 50 years.
Have over many years been so conditioned to expect the worst that they flee at the slightest pullback in the metals. Even here at all time highs.
plus you’ve got the usual cretins and their shorting games …
Welcome! You’ve arrived at an exciting time!
Willem Middelkoop
@wmiddelkoop
·
12m
The Grasberg Mine Disaster
that ZH is in cahoots with the scum, to squelch and manipulate people’s consciousness about the PM’s…….keep institutional money from investing in the PM sector, and the same financial phony games can continue to be played……keep stocks artificially high whilst our national debt climbs higher and higher…
A headline that ZH ran this morning:
Looks like that is exactly what is happening…..they can short PM shares and seemingly never have to deliver……tks to the SEC…being asleep at the wheel.
Hi there …and wellcome .
Tks for lease info…yes it does mean the shorts have pay that to borrow …..and it also confirms a very tight mkt…which is why shorts here are are mad…..
Long time follower , first time poster.. i’ve been around since the days of Wanka and Vronsky… I have gleaned lots of knowledge from all you folks posting here and want to thank you for all the input…
Was checking silver lease rates this morning and it seems that the one month lease rate is 11% and the three month is 9%…. So I guess that means Shorty must borrow at 11% to try to close out his position…
I feel his pain…NOT!!
this time the bulls win.
They are going to buy this dip.
The defense of the round numbers begins.
That was sure fun to watch though.
Hopefully, they won’t completely reverse silver.
Not a market for the faint-hearted today.
It’s the same pattern every day … gold and silver are suppressed in Western markets … expect a recovery going into the close … it was expected they would try to cap it at $50.
The only way they are going to do that it to crash stocks and bonds … and they will never do that voluntarily.
Look for a recovery after Comex closes at 1:30 central time.
Cheers
No rhyme or reason to the algorithms…..
GDX is down !!!!! on the back of Barrick being down !!!!!
