Now 78.79 but by the time I post it probably lower.
Captain Hook
I wonder if those in equities realize that if the Fed pick was the reason because he’s allegedly strong dollar it would of taken the whole market down for the same reasons but it didn’t. Yet.
What’s going on over seas.
Check silver and gold price, silver 81 something, talk to daughter over grandson with the flu and daughter in law with sisters kid with the flu. Now silver 80 something. This keeps up I might pick up some junk barter silver with low premiums.
Bitcoin below Strategy’s average cost.
I suspect Saylor may be on the phone a lot this weekend. Wonder if he’s going to buy on Monday as usual?
I guess between Thursday and Friday the world found a whole bunch of silver
Apparently, paper does price physical. Shanghai AM fix $98.91
What a bunch of crap that is.
Wall Street wins again.
Buygold
Considering it’s a tax it shouldn’t be listed only the premium attached. Interesting that they can negotiate a tax.
deer79
somebody like cheap silver it’s just gone 2.3 % UP !!!!!!
Looks like
we may retest the intra day lows from Friday….
Maddog, Goldie
Lanci said that the VAT isn’t calculated in the published price. He said that buyers and sellers work that out between themselves based on location, etc.
I have no idea whether what he said is accurate. I don’t follow Lanci.
eeos 11:36 true, horses for courses.
The boys built their own gaming machines for the same reason, Nvidia graphics. Apple no good. But for someone who is not tech savvy, who just wants their computer to work without problems, not have to worry about upgrades (because they are automatic and free) then Apple is a better way to go in my experience.
Armstrong on the crash.
Still bullish on perfect storm. Then moves to Ukraine war.
Sentiment wise …
… both NUGT and JNUG were in a position for a big pullback … the charts below are as of Thursday …
… as was GLD …
… but SLV and GDX were far less skewed … which would account for better retention in the shares …
… and both are likely to rebound in coming days assuming open interest put / call ratios remain buoyant.
The entire PM complex should bounce at some point … likely followed by the C-wave down to complete an A – B – C corrective affair.
Could take weeks for all this to play out but March is a delivery month for CME silver and registered stocks are low.
This is likely why Friday’s attack on the PM sector was engineered.
Get your physical metals while still possible.
Cheers all
HEADLINE POST – Not seen before tells the story
I hope some here managed to sell before this big drop
No idea what comes next!
All the best/
Re: Captain Hook @ 13:24
A crash?
Why not call it what it was – the biggest theft in history!
SILVER & THE 10-SIGMA CRASH
A Statistical Impossibility, Engineered Chaos, 5 Theories to Why, $7T Erased, The Physical Frenzy, & the Violent Birth Attempt of a New Monetary Order!
In a span of 24 hours, over $7 TRILLION in notional value was erased from gold and silver. Wow, breath-taking!
This was not a correction. This was not a pullback. This was a DECLARATION OF WAR, a financial shock and awe campaign of such historic, unprecedented violence that it has left the entire world reeling, and asking, “what in the world just happened?!”
- Silver: Plunged as much as 35% intraday, its largest one-day percentage decline in history, wiping out nearly $2 trillion in value. At its nadir, it touched significantly below $80 an ounce after being near $122 only a few dozen hours earlier.
- Gold: Collapsed 10.2%, a staggering $5 trillion evaporation of value, falling from over $5,600 to well below $4,700.
To call this a “crash” is to do it a disservice. This was a statistical impossibility. A 10-sigma event in silver. An 8.1-sigma event in gold. These are events that, according to standard financial models, should never happen in the lifetime of the universe, let alone in the same week.
To put it in perspective; a 10-sigma event has a statistical probability of occurring once every 5.25 septillion years. A septillion is a 1 with 24 zeros after it. Now multiply that by 5.25 times!
Let that sink in. What happened yesterday was not a “natural” market move. It was engineered. It was a deliberate, calculated act of financial warfare. Anyone claiming this was a normal market event is either a fool, a liar, or has a nefarious agenda.
And yet, in the midst of this carnage, a strange thing happened. The retail market didn’t panic. It actually went into a buying frenzy.
- APMEX, one of the largest precious metals retailers in North America, was forced to implement a “wait queue” just to access its website.
- JM Bullion and other major online dealers experienced repeated site crashes as hordes of buyers flooded their systems, eager to stack physical metal at these artificially suppressed prices.
This is the great disconnect. While the paper markets in New York were being carpet-bombed with an avalanche of derivatives, the physical markets around the world were screaming for more supply.
- While the Western media and many experts declared the bull market dead, buyers in China and India were still paying premiums well over $100 for physical silver. How does this make sense?
- While the algorithms were force-selling over $4 billion in precious metal ETFs, real people were lining up to buy real money. See the contradiction?
Below, I sift through the wreckage and attempt to make sense of the senseless. To conduct an investigation into the anatomy of a financial crime, an exploration of the competing theories behind this historic event, and make a strong declaration that this is not the end of the precious metals bull market.
The reality is this is the beginning of the end for the old system. These are the violent birth pangs of a new monetary order trying to form, one based not on paper promises, digital illusions, and out and out control, but on the timeless, immutable truth of physical gold and silver.
- You need to know that over $7 TRILLION was erased from precious metals in 24 hours yesterday. This was not a normal correction; it was a declaration of war!
- You need to know this was a 10-sigma event in silver and an 8.1-sigma event in gold. These are statistical impossibilities that should occur once every 5.25 septillion years (silver) and 1.3 trillion years (gold). Bottom line: this was not a natural market move; it was engineered, but by who?
- You need to know the retail market went into a buying frenzy, not a panic. APMEX implemented a wait queue just to access its website. JM Bullion crashed repeatedly from overwhelming buy orders. While the paper markets were being carpet-bombed, real people were lining up to buy real money!
- You need to know China and India were still trading physical silver well above $100. The physical market refused to follow the paper market’s manufactured price; why the great disconnect?
- You need to know that even after crashing 35% in one day, silver is still GREEN for the month (+20%) and has risen for 9-STRAIGHT months. And silver is still almost ~3x higher than it was just 9 months ago!
- You need to know sector veteran Rick Rule warned us last week at VRIC: “In the 1970s, gold fell 3 times by 30% or more.” In 1975, gold fell from $200 to $100. Everyone shaken out at $100 missed the move to $850 by 1980. These violent pullbacks are not a bug; they are a feature of secular bull markets!
- You need to know the five theories circulating about what happened. I will detail them below!
- You need to know the truth is likely a synthesis of all five theories. This was a multi-faceted operation with multiple goals, all contributing to the same outcome: the most violent and statistically impossible price crash in modern history and the implementation of inordinate fear levels into the investor!
- You need to know silver miners are now the opportunity of a generation. After being taken to the woodshed, they are trading at valuations completely disconnected from the price of the metal they produce and the profits they are achieving. Even at ~$80 silver, they are generating record cash flows with profit margins of 300-400%!
- And you need to know this is not the end of the bull market; it’s the beginning of the end for the old system. What we are witnessing are the violent birth pangs of a new monetary order based on physical gold and silver and the 10-sigma crash was not the end!
The 10-SIGMA crash in silver is a statistical impossibility. It was engineered chaos that erased $7 trillion in a few hours and yet unleashed a feeding frenzy for the physical metal. Make it make sense!
Let’s Dig Into The Following:
- Yesterday’s 10-sigma event is a statistical impossibility so clearly there was a financial crime that needs to be analyzed. This was not a case of “too many sellers and not enough buyers.” This was a coordinated, weaponized dump of paper derivatives (futures, options, swaps) in order to trigger a cascading collapse. There were other things that helped it along, including; the huge run-up in price over the last few weeks, the algorithim’s, the COMEX circuit breaker malfunction, and of course, fear. Why the goal of this attack was not price discovery; it was price destruction, a financial carpet-bombing campaign designed to break the market structure and inflict maximum psychological damage!
- And yet there was a great disconnect between the paper and physical worlds. The most telling evidence that this was an engineered event is the massive, glaring disconnect that immediately opened up between the paper price and the physical price. While the COMEX paper price for silver was being smashed below $80, what was happening in the real world? There was a retail frenzy unfolding. Major online retailers like APMEX and JM Bullion were overwhelmed with buy orders. People weren’t selling; they were buying. Why they saw the paper price as an artificial, temporary discount on real money!
- Let’s not gloss over the Shanghai and Mumbai premiums either. In China and India, the two largest consumers of physical precious metals on the planet, the price for physical silver remained stubbornly high, trading at a significant premium to the Western paper price. Why this tells us that the demand for real, physical metal in the East is relentless and that they view the Western paper markets with increasing irrelevance!
- So, we have done an investigation into the 5 most compelling theories floating around as to the potential cause of what happened yesterday, each likely with some truth behind them. When a crime of this magnitude is committed, there are always multiple suspects and multiple motives. The 10-sigma crash was not a random act of nature; it was a “no-doubt about it” planned operation. Why the operation they pulled off was designed to send a clear and unambiguous message: “This market is not for you. It is too dangerous. You will lose everything. turn around and go back to the safety of your 401(k), your 7-10% annual returns, and your financial advisor…NOW!”
- Rick Rule’s message and the wisdom of the ages should be strictly listened to. In moments of such extreme chaos and fear, it is essential to seek out the wisdom of those who have been here before. Rick Rule, the legendary resource investor, has successfully navigated every precious metals bull market of the last 50 years. Just last week, at the Vancouver Resource Investment Conference, as if anticipating the coming storm, Rick shared a piece of wisdom that is absolutely critical to understand today: “We’re in a bull market; don’t waste it. In the 1970s, the gold price fell 3 times by 30% or more. In 1975, gold fell from $200 to $100. Everyone shaken out at $100 missed the move to $850 by 1980.“ Why this was exactly the kind of event that Rick has been warning us about for years, that it does not signal the end of the bull market; it signals that the bull market is alive and well, and is behaving exactly as we should expect all great bull markets to behave!
- Now, in the wake of yesterday’s engineered nuclear strike, silver miners present the generational opportunity. Always, after an epic crash, fear is the overwhelming and dominant emotion. The instinct is to run, to hide, to avoid anything associated with the source of the pain. And right now, after this beatdown, there is no asset class more feared, more hated, and really, more misunderstood than the silver miners. Why this is precisely why they represent the single greatest investment opportunity of this moment in time!
- And the birth pangs of a new system are now upon us. So, what is the truth? What is the real signal amidst all this noise, manipulation, and fear? The truth is that the old system is dying. The post-1971 experiment of a global monetary system based on an irredeemable fiat U.S. dollar backed by nothing, is in its death throes. The mountains of unpayable debt, the geopolitical fracturing, the desire by other countries to get out from under the control of the U.S. dollar, the loss of faith in institutions; these are not cyclical problems; they are systemic. The system is breaking under the weight of its own contradictions and a new system is trying to bloom in its wake. Why what we are witnessing in the gold and silver markets are the violent, chaotic, and often terrifying birth pangs of a new system trying to be born!
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Ipso
Now they want to make spectacles and slaves out of people, even children. Trying to normalize things that are not normal never works.
Not saying that interracial are abnormal, that’s a personal choice and can be hard on them at times. But it’s not a mandate, not forced on people and probably by people who were not used to diversity or wouldn’t be making a fool out of themselves and making a big deal about it like that’s the only reason or changing the skin color of historic figures thinking they’re going to impress somebody. On the other hand I don’t think Helen of Troy was blond either.
One of the first things I noticed about Satan as a child with the story of Adam and Eve is that he was a liar.
goldielocks
It’s all part of the NWO themes. Woke crap.
?
Ryan Rozbiani
@RyanRozbiani
🇺🇸🇮🇷 Did Trump and Iran Make a Deal?
Satellite images taken a few hours ago show that the USS Abraham Lincoln left the Sea of Oman and headed back towards the Indian Ocean.
There is still a ton of military gear on the water, but many speculate that a deal may have been made.
Eeos
Well when they come up with a really fast trading platform and access to privi information by institutional trading and what their up to let us know.
Ipso
What I mean some of these producers will find away to be abusive after other forms no longer working. Like what Tippi Henden the blond unknown star of the 1960 thriller The Birds that Hitchcock had a obsession over something he couldn’t have and still couldn’t and went on to ruin her career after she quit and he tried to manipulate that too so she couldn’t get other parts. Like she said later sexual harassments weren’t recognized then, if it happened now she would of been rich.
This woke stuff they’re pulling now is just another form of abuse. They too will go down in history the way if Hitchcock or Weinstein.
If I were to buy a Mac
I would be out of business because it wouldn’t even be able to run my software. Fake video cards don’t cut it, Ferrett. I would like to snap this NVIDIA card into my Mac. Sorry, you can’t do that. Smoking gun, that we’re dealing with a fake machine
Ipso 10:24
If they’re going to do that they shouldn’t make her the only one who’s black or darker skinned if they’re looking for a diversified audience. Looking past the ones who made this up it not only doesn’t make historical sense at the time but not fair to her being the only one with different genetic background who will wind up the brunt of the backlash mixing up history. It won’t make sense to either side and hope it won’t hurt her future chances of more realistic rolls.
Tree frog
I guess.
I found when I bought my first house a Spanish rounded fireplace so a bit lower in the middle that it had some black soot from some serious fire on the bricks I used blended orange rind got it off without scrubbing and kept working once applied getting into the brick and leaves a orange smell instead of burnt which is okay too if not too much you can also mix with white vinegar for some things.
Maddog
Beware bankers have weak hands. Lol



