How is President Trump doing? With a one being worst and a ten the best.
Total Voters: 36
Loading ...$19B CRYPTO HEIST 🚨
Attackers exploited a flaw in Binance’s USDE stablecoin — timed perfectly with Trump’s tariff comments — to trigger cascading liquidations across crypto.
$19B wiped. Leverage traders destroyed. Cold storage holders untouched.
My full breakdown,
up over 50% !!!
the prime driver of the silver shortage is the chronic structural deficit. silver (unlike gold) is not only a precious metal, it is also an industrial metal – it gets used and used up. for decades the world has been using more than was produced, slowly chipping away at the huge inventory that had been built up (strategic reserve, hoarding, coinage, tableware and jewelry etc.) that inventory has been largely depleted. thus the situation on the supply side.
the demand side? hoarding and jewelry demand will decrease with rising prices (economics 101). industrial usage? not so much. silver is the best conductor of both heat and electricity. it has excellent light reflecting ability and interesting musical and medical uses. in these usages, the cost of the silver is a very small fraction of the cost of production. a $500 computer may have a gram of silver in its chips and printed circuits. if the cost of silver doubles (ten – touples?) it will not greatly raise the cost of the computer. other industrial uses have a similar dynamic. civilian industrial demand will be relatively price – inflexible.
military – industrial (a tomahawk missile has 30 toz of silver, mostly in its batteries.) price seldom bothers military procurement.
yes, rising prices will restrain demand, but not as much as with other products.
JB Slear
@JB_Slear
Illinois Democrats Caught Laundering Over $1 Billion Through NGOs
Lawmakers uncovered that more than $1 billion in taxpayer funds were funneled to politically connected NGOs with zero transparency. These groups aren’t subject to FOIA, meaning taxpayers can’t see where the money goes. Democrats buried the grants under vague budget language, hijacking the human services fund that once aided seniors and families — now redirecting it to partisan causes like immigrant support, LGBTQ advocacy, and race-based programs.
Samsung invests in Silver Storm Mining
Silver Storm Mining (TSXV:SVRS) signed a definitive agreement with Samsung Construction and Trading Corporation (C&T) for US$7 million in offtake prepayment financing to restart the past-producing La Parrilla silver mine complex in Durango, Mexico
Besides La Parilla, the company owns the San Diego project, one of the largest undeveloped silver assets in Mexico
Silver Storm stock has added 89.58 per cent year-over-year
“Samsung will be granted the right to purchase 100 per cent of lead-silver and zinc concentrate produced at La Parrilla over a two-year period.”
https://stockhouse.com/news/the-market-online-news/2025/10/10/samsung-invests-silver-storm-mining
What about the demand side of the formula? … now that silver has taken out 50+ year highs and is moving well … macro-momentum traders will increasingly have to have some.
It’s the same game they play with the tech stocks essentially … only actual decisions are made here … which is good because the index funds are going to suck for a long time.
Hopefully the asset managers too.
Cheers
No big rush to sell MUX stock. Down 12cents for a $20 stock is not much. That’s a great sign of strength!
i think you’re right, the silver that leaves the exchanges will not return. what will relieve the shortage is increased production, and that will not be quick. the silver mining companies have (and will find) large inventories of in ground silver which was not economic to produce at, say, $25/toz. those mineral deposits will become economic to produce as the price rises. the mining companies, however will mobilize those deposits over spans of years, not weeks.
i believe production will respond to rising prices and remedy the shortage, slowing the price rise, and perhaps even reversing it (in terms of 2025 dollars). i am 81 years old. i am not sure i will live to see it. my children may.
if this physical shortage is real (as it seems to be), this bull market in silver will not be a flash in the pan. increased production will curb the rise in price at higher (perhaps MUCH higher) levels, but not soon. years. decades??
Open interest in CME silver is rising so the banksters are not covering – they don’t worry about that kind of thing with the implicit guarantee.
That may go out the window at some point very soon however if one of them actually goes down like Bear Stearns … who knows.
Upwards and onwards … chuckle
Probably a good move long term but we know how the market views takeovers.
Cheers
The difference with this squeeze is that it is in the cash market….when a Futures mkt gets squeezed, they can both raise margins and force longs and shorts to settle at an agreed price….A cash market has no margins to raise and buyers take away their metal….and either use it, say in jewelry etc or store it…..so the only way to get stored metal back, is to let the price go so high , the stored metal surfaces…..
As as others have said the metal prices are so low, tks to decades of abuse, no one is gonna part with metal until we see way higher prices….therefore the squeeze will continue.
Just curious; when you say that there was Gold flown into London to play with…….
Where exactly do you think that Gold is coming from????
I thought it was pretty well timed to have some downside momentum just before the London open. Provided some cover for the shorts, because it was up pretty good before they came in.
Gold still holding its own and the shares aren’t in panic mode. Lots of day left.
Yes they came in overnight … that was to be expected with some of that bullion flown into London to play with and Canada back on line today … but one should not expect a lot of metal to go back to London from the US with Trump still running around swinging his tariff stick.
Too expensive to replace if it goes the wrong way.
So far only an A – B – C correction on the hourlies – so it’s not over just yet.
Cheers
I imagine that MUX will get clubbed on that news….
Its had a nice run…….
already down 3% in the pre-market.
They can win battles but not the war.
Hope I’m wrong.
Thanks for picking up on that. It seemed awful light for such a crazy market.
Oh yeah, they want their taxes still.
Wall Street Gold
@WSBGold
·
Oct 12
🚨 ABC BULLION UNDER SIEGE 🚨
Lineups stretch around the block at ABC Bullion, buyers rushing in for Gold & Silver like it’s 1979 all over again. 🥇🥈
yeah, not really hard to peg, we’ve seen it for all these years. They definitely came in with the nukes overnight while we were sailing along just fine.
If the shortages are as bad as they claim, they’ll use this as an opportunity to cover.
It’s very hard to discern truth in the world these days.
The commitment of traders report you posted is about three weeks old…. There’s been no report since the government shut down.. Or should I say so-called shut down.. i’m sure they’re still collecting taxes so they’re still alive…
Yes, we’ve seen this show before!
I’m just not sure how the scum can pull something like today off, when the supposed “shortages” are as severe as they’ve been made out to be???
I would expect the Crimex will really try to jump on the silver weakness and turn it into waterfall action. No doubt gold will follow.
The dollar is up a bit, just breaking above the 200 dma for the first time since April. 10 yr. is down around 4 bips and sitting on 4.1%
Bitcoin is getting smashed down $3500. Oil getting crushed as well, down 2.5% and threatening to break below $58. SM set to open lower.
The only things working right now are bonds and gold. Hope that continues, but I’m not sure gold will be a winner at the end of the day.
PM shares don’t look too bad in premarket – a little surprising. Discrepancy between SLV (down $.29) and spot (down $.78)
I happened to look at the COT report yesterday and it was shockingly bland, especially in silver. I would think with the price levels, open interest would be soaring and there would be all sorts of activity.
Let me know what you think.
