Loading ...Those sobs without better words are trying to form a gravestone doji in silver in our own market.
Buygold
Mea culpa…I have got that SLV etc all wrong….to get the relationship u have to divide the spot price by the ETF…..because the spot price is increasing in value as number way faster than the ETF value ….apologies..but the problem is real….
Buygold
Re PSLV…I have no idea…….I have that ETF and will ask them…..it’s actually worse because PSLV has lost against SLV !!!!!!
Bit of short covering
now into the Crimex close, as there should be, but the damage is done and mission accomplished. $4K and $50 are lost.
Maddog
We know SLV doesn’t have the metal, so it should go to zero.
But there is a similar discrepancy in PSLV and they supposedly have the metal. What does that mean?
Buygold
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…..
Still a $1.20 discrepancy
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.
Buygold, deer79
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!
Buygold
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.
Something way off with SLV
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.
Maddog
Sure looks like machinations. Someone is trying to point the GDX in a certain direction. Smells of desperation!
Silver stocks now oversold against the metal …
… 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
Ipsofacto…on a day when AG is up near 4 %
Who sells PM shares like this …..this is GDX from todays opening….
Will it work this time?
West Red Lake Gold Reports Third Quarter Operations Update for Madsen Mine Ramp-Up
deer79
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 …..
2 tons a week is a lot. I don’t know anything about Tether.
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.
PM share investors
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 …
silver bullet
Welcome! You’ve arrived at an exciting time!
Grasberg Disaster
Willem Middelkoop
@wmiddelkoop
·
12m
The Grasberg Mine Disaster
I get the feeling
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:
PM shares have been weak all day…..are they being used to get the whole PM mkt down….
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.
silver bullet
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…..