Loading ...Passed it to my friend. She said they have some kinda radar there now where it can detect the location of a gum shot..So she’s going to check out target practice with a sling shot for her back yard otherwise the shooting range.
Sng
Well it’s good you didn’t get sick handling that many of them. Poor things, couldn’t resist those greens.
Ipso 18:14
So she got silver rounds basically for spot price. Apparently they have a lot more of it than the eagles if they’re selling for 60 now.
ferrett
I never knew who Katie Porter was until the last few days where she’s been revealing her sparkling personality in the media. What a Babe! 
She’s likely destined for a job cleaning rooms at Motel 6!
ipso 19:44
Katie Porter vs. Sydney Sweeney?
(for the ladies Keith Urban vs. John Brennan?)
Buygold
“$60 ea for the eagles”
That’s quite a premium! I’ve never really understood the high premium for silver eagles. They’re pretty but an ounce is an ounce IMO.
Cheers
Hi Bob.
Short squeezes cause assets to overshoot in price, think, say, the VW share price short squeeze skyrocketing the price to half the GDP of Germany (or something) before it dropped back to a reasonable valuation.
But this time with silver there is a genuine shortage of physical, which in itself will cause prices to rise because of a classical economic supply/demand situation, as well as the contrived paper short positions. So hopefully the real issue will mask the artificial one, and the short squeeze up/down effect will not be apparent.
Not sure these guys read what they are writing.
“Trading any asset is risky but Crypto is super volatile and a pure OTC market, there’s no regulator, there’s no bailouts, there’s just electronic data moving left and right. It’s a virtual game, not a market.”
But then:
“On Friday, a historic liquidity crunch unfolded, leading to nearly $19 billion in forced liquidations and a wipeout of over $380 billion in market value within hours.”
So they are saying that there was a liquidity crunch in electronic data moving left and right? And if it’s a virtual game, and not a market, how can $380bn of market value be wiped out? Shouldn’t that be $380bn of virtual game points value? Ah, just a sec:
“This summary is powered by Maximus AI”
‘Nuff said!
Ferret, your 17:57
Please explain: “So compared to all that the issue of a short squeeze in silver and gold at these current prices and physical amounts is insignificant. Which is good, because it would be annoying if, as usually happens after a short squeeze, the PMs tumbled 20% before regrouping.”
treefrog, Ipso
treefrog – at the SM close would be better said. I don’t really pay attention to trading between 4-6 pm EST.
Ipso – yeah, says a lot about the general public, they have no clue or have no interest in what’s happening in the pm markets unless they are sellers I guess.
I used to buy from these guys. They have a lot of stock too, even in 100 oz. bars. What they don’t have are monster boxes of 1 oz. eagles, they are asking $60 ea for the eagles. Yikes.
goldielocks, Nope, All I took was their tails to prove that I got them. The rest I left for the predators to get fat on. LOL!
Bill Keeler just took my word that there were 500 pocket gopher tails in the bag, and paid off on our agreement, but then cancelled it after that. He said he thought I was shooting them and it would cover the cost of my 22 ammo. LOL!! His hay crop that year was the best he had ever had since there were almost no pocket gophers to eat the roots which destroyed the alfalfa plant.
Holograms????? I hope everyone will keep them in the back of their mind when they think they “see” something happen, especially on the TV or internet, or even live like here. It may be just a hologram. It’s worth under 5 minutes to see this technology explained. Please watch, Thanks!
Ye Ole Coine Shoppe
Went with a friend who was buying silver for the first time. The coin guy said there was lots of sellers and that he could provide rounds in most any amount. She bought some generic rounds for $52 an ounce … that tells a story right there.
Maddog 13:32, that’s a scary chart of Res Banks’ BS’s.
Which, as much as anything, backs up the unreality of crypto. What is meaningful about 35% of world GDP being wrapped up in the Chief Money Borrower into Existence of four countries? The Fed has $4.2tn of Treasuries and $2.2tn of Mortgage Backed Securities as assets (and a few hundred bn of liquidity providing funny loans) and liabilities of $3.3tn in deposits by banks, $2.3tn in Federal Reserve Notes (cash, literally) and a few rats ‘n mice in funny loans.
Thus they try to control general interest rates (treasuries) and mortgage rates (MBS’s) by buying or selling them. If it didn’t exist, interest rates would be purely according to the market.
And then there’s the official total US debt at $37tn, increasing by $2tn – $3tn per year, plus all the unfunded liabilities of $100tn+, plus all the debt form the Eurozone, Japan, China, plus, plus, plus.
So compared to all that the issue of a short squeeze in silver and gold at these current prices and physical amounts is insignificant. Which is good, because it would be annoying if, as usually happens after a short squeeze, the PMs tumbled 20% before regrouping and continuing their march upwards out of the depths of suppression and confusion to the surface of reality.
Everything is meaningless, a mist that vanishes in the air. So, eat, drink and be merry.
Sng
Memories, your welcome. Hard to forget. I bet that guy learned he better watch what he ask for. I never thought about eating them though, that would of been quite a freezer full. I hope it’s natural predators on that land didn’t starve You are not just anything but just watch out for the BSers. City’s are full of them and can use computers to deceive. Not just fake holograms and we’re not used to them.
buygold, “as gold closes…???”
Silver bullet
Good post, just as gold closes at $4108 and silver $52.05. Squeezed in the last few minutes.
You’re right, they’ve been stealing from us for 50 years. We’ve only seen downside manipulation where every new high gets sold. I would definitely think the shorts are in utter disbelief. I’m not sure anyone knows when the music stops, but it doesn’t seem like supply is going to get better anytime soon does it?
Someone or a couple of someone’s have to be bleeding badly and for the first time they can’t paper their way out of this mess. 😢🤣
Glad to see some new posters lately, or old ones that haven’t posted in awhile.
This is not uncharted territory…
For 50 years, these criminals have been pushing the beach ball underwater, and digging their own grave…. this unwinding and unraveling should feed on itself for quite a while… I laugh at all the projections of where the price is going made by people that never saw this coming …. Kind of reminds me of the word of God where it says that if Satan knew what the crucifixion of Jesus Accomplished, He never would’ve had him crucified…
You think somebody else is having second thoughts of all their mechanizations and scams and corruption…
We sit here and wonder where it’s gonna end. How do you think it would feel if you were Mr. Shorty tonight ..where does he think it’s gonna end?
Uncharted territory?
Anyone else feel that way? I don’t think we’ve ever seen what’s happening in the silver market and I have no idea how it resolves other than higher prices? The refiners are at capacity. Now the Aussie mint has stopped selling.
There’s not nearly enough metal to cover all the leveraged short contracts. How does this end?
They tried to take gold back below $4100 for the close but doesn’t look like they’ll be able to.
Can’t believe silver is at $52 with no end in sight.
Looks like they’re going to keep squeezing them into the close. Why would anyone sell?
Goldielocks@11:56 Thanks for the memories!
I saw your post, which was all true…flood irrigating hay fields for Bill Keeler on 50,000 acre Dye Creek Ranch in Red Bluff (Los Molinos) CA as a long teenager.
After that I went on to Real Estate sales, Consumer Finance HFC and GECC, Life insurance (Variable Annuity sales…#1 in the USA ), Alaska State Manager for two insurance Co’s, (Aetna and Hartford), was at the top of my career (and exhausted) so I retired and moved to Canada at age 33 and changed the entire focus of my life , Learned the log home building trade and built 3 log homes in BC, moved off the grid and built a cattle ranch out of the Canadian bush, developed my own hydro power system, was issued the 3rd BC Woodlot and logged 100 logging truck loads of sawlogs every winter, was the Sanitary Landfill (dump) Contractor for 3 northern BC Communities, and the Forestry Hydroseeder Contractor for Northern BC….Then lost my wife to a highway accident (hit by out of control logging truck on black ice…instant death), I literally hit bottom and quit everything…. sold my cattle, sold my ranch and for 2 years did nothing; then re-married (my late wife’s best friend) and started life again. Now happily married again for 30 years, began stock market investing with the new century, SNG, missed the 2008 PM top but cashed out in 2011 with over a million of OPM.
My life’s motto has been “anything works if you do, but nothing works if you don’t”!
But now I’m just a Conspiracy Nut . That’s okay. I have always won life’s game. Luck to all from SNG!
Ipso
According to this guy you’ll get your 10 years wish.
The Great Silver Squeeze: India’s Futures Market Faces a Meltdown Risk via GATA…Silver squeeze is going Global
and loads of trouble in India’s gold jewelry mkt
A Golden Betrayal: Fixed-Rate Schemes Collapse as Gold Soars Past ₹1.26 Lakh