Do you think the US government will confiscate and revalue gold like they did in 1933?
Total Voters: 36
Loading ...… is out of control … no really … be careful … or is it you should be careful of listening to people who don’t know what the F they are talking about … silver is vexing $71 and silver shares are down …
… is this a picture of the bubble these idiots are selling?
Guffaw
You can change time frame and if a percentage is blank you need to swipe across the chart to the right then go all the way up and around the charts.
maybe that is the reason PM shares are so weak, with metals up are the Algos still shorting the shares and maybe buying the metals…..so without a lot of humans to buy the shares….they are falling……ytsdy just after the opening I checke Vol in CDE, it had 20 K bid 230 K offered…..over ten times the bid…who does that in a runaway bull mkt….and where do they get the shares to sell ????
All ofthis will have to be unwound at some point.
Good to see yr still kicking …..Don’t think I have ever seen moves like this , over such a prolonged period, in anything before……Those Algos are finding out just how dangerous thin markets are……u may well be right about the old relationships comming back.
merry Christmas
Tks for the correction on Hycroft….the chart supports a huge move, it has a perfect saucer base to move up off.
You bet. Bateman seems like a rational sort of person … no crazy arm waver him!
Gotta like this silver action! Gold not too shabby either. 🙂
Back above $70. Holiday liquidity can be rough on some folks. 🙂
… and the gamblers could get squeezed very soon … whatever you do don’t sell when you see numbers like this (IMHO) …
COMEX Position Changes | Silver Price Analysis | Sprott Money Ltd.
Chuckle … snort
Ipso – thanks for the Bateman post from X. I’ve been able to share it, but I’m sure they won’t listen. He’s absolutely right. We expected this 15 years ago in 08′-09′ but they were able to paper over the problems. They can’t do it this time because of the debt. They are going to wipe out everyone, or at least 90% of the people. He’s right.
Captain – they’ll be buying at $73 soon enough. This looks like a chance to pick up some silver shares on the dip. I’m surprised they weren’t able to take us negative on the day, in the old days we’d be down $2 right now.
It is impossible to believe anything the government puts out anymore, regardless of the administration. Everything they say is a lie or meant to distract.
Stay alert, pay attention, savor the experience.
…soixante onze!
Exactly … what GDP … you mean the digital transactions back and forth in a circle jerk that would have Charles Ponzi envious as hell … you mean that GDP?
Tell that to the Chinese … silver is $73 in Shanghai.
Somebody doesn’t want to see silver over $70 here knowing people will be looking at that hard and talking over Christmas dinner.
Best of the season all
They had to make a stand somewhere, and it appears $70 is the place. I thought things might shift when the dollar started climbing.
Will be interesting to see if they can engineer a big reversal. A pullback here might just be like giving the patient some oxygen. If they are still massively short, I’d guess they will cover into any weakness here.
It does look like they’re going to try to reverse pm’s hard at the moment.
Durable goods miss, down -2.2% vs. -1.5% estimates.
but…. GDP beats and is up 3.5% vs. 2.7% estimates, with quarter over quarter GDP growth of 4.3%
Not sure that computes. Combine that with no inflation and you get Goldilocks.
Unfortunately, there’s the $40T debt problem.
My God … Nasdaq futures are down 56 … sell everything … especially silver … it’s terrible … collapse is here.
Chuckle
It appears silver, platinum and palladium are reverting to their old relationship to gold. Hopefully gold will remain elevated.
Anybody short pm’s at this point is bleeding badly. The hedge funds will run th3 metals far further than we think.
still lurking
rno
David Bateman
@davidbateman
Here are the reasons I invested close to a billion dollars in precious metals over the past six months—including the purchase of 1.5% of the annual global silver supply (12.69 million ounces) :
The global monetary system is about to collapse (The Great Reset, or Basel Endgame).
The biggest credit bubble in history will soon pop ($300T).
There is no way the US can refinance its $28T in maturing treasuries in the next 4 years without an obscene amount of printing.
Trump tariffs are hastening the collapse, and it’s by design.
Gold and silver are the only meaningful life raft. Physical possession is everything.
The whole world right now is a sophisticated game of musical chairs; the chairs are precious metals.
Crypto is a psyop. Those who purchase will have no chair when the music stops.
Real estate, crypto, stocks and bonds will all lose significantly compared to precious metals.
The banking system has been meticulously designed to seize your assets to buoy up a collapsing banking sector (see The Great Taking). You have ZERO counter party risk with precious metals.
I’m up 20% already, on most of my purchases.
This is not a drill. Your grandkids someday will either muse or lament this financial decision you’re now faced with. Don’t fail them.
Not financial advice. For educational purposes only
SM starting to weaken. $70 won’t get breached without a fight.
Looks like the line in the sand right now is $70.50 or so.
There may be some folks on the Crimex that have a problem.
Interesting. We spent all night below $70 and just before the Crimex trades, someone initiates a squeeze?
Maybe we’re seeing the sharks circling a short, overleveraged bank or two? Who else has the strength to do that right before the Crimex opens?
I think we probably should expect another margin hike in the silver market soon. If it gets really bad, they’ll just halt trading. Some folks have to be bleeding badly.
Platinum up another $70.
They don’t have any reserves yet. It is a billion ounce silver equivalent, 361m oz @ 13.68g/t silver and 10.6m oz @ 0.401 g/t gold, measured and indicated resources.
like you we are in the ‘burbs and can’t really move back to the country. We use a 2kW inverter running off the little diesel car at 1,100 rpm, powers the lights, internet, TV and fridge. Wood stove if we need heating, and BBQ/camping gear for cooking. The car uses about 5 litres per 15hr day.
Or better in that weather and no need to run back and forth outside is install a small wood burning stove in your kitchen or living room. Have wood in hand, I put it in a large covered trash can next to my back door so when I was running low next to the fire place I could just go to the back door and grab one plus not worry about critters hiding in the wood pre checked for black windows picked and sealed. But then I had a annoying over protecting dog at the time who even if I left her inside her paws would jump around the door and lock me out! My fence locked luckily I could jump the fence then and had a emergency key. That dang dog so I stayed inside when it was the coldest without worrying about that.
I don’t mean to interfere with your question to eeos but your probably better off and safer having someone experienced with electrical and HVAC to attach a cord to your power source since there are different types of to a generator maybe a electric via solar power your caf or generator can charge. Simpler version to charge a portable electric heater..
