Loading ...The last few days I sold about 1/3 of my PM stock position I’ve held since the early 2000’s
I’m a permabull and die-hard silver and gold bug. The last couple of days the market has been signaling a Hindenburg event, it’s VERY spooky for EVERYONE. I never sell. But when I see Bitcoin doing what it’s doing, we know they’re gonna crash the PMS, and they’re gonna take the stock market too, so I got a chunky fat short position locked in on IWM. If Bitcoin is burning in the streets like this, it has huge implications. I know it doesn’t sound believable, but that’s my prediction. That’s a big ass silver bear flag, and we’re going down to 50 to retest guys. I hope I’m wrong and you guys are right.
Just do the math. Top- 122. Bottom of flagpole 71-ish.The math pencils out to 51. It might just be a flash crash. Silver will become unobtanium and then higher than ever. I just need to know things are safe, too much risk right now for me in the casino. Stacking? Perfect. No fears. If Silver crashes, I can’t imagine what the premiums are going to climb to. I wish I was smart enough to have sold the top, trading is so hard in the PM’s. The amount of stuff we’ve had to put up with is insane. I’m cool with trying to chase it if it takes off up and this is just chart painting short term. They shook me out for a bit. If I can buy lower, a nice cash position would be smart. Plus I want to gamble and go big with the SpaceX IPO. I want to fly. I’m usually as slow as a snail when trading and try to sit on my hands, but I couldn’t stand it the last few days. I have seller remorse of course, but sheesh.
Maddog Good point and would indicate that this downturn will be limited in time. All crossed!
There is all the difference in the world , between
“a market that collapses due to exhaustion and one that is pounded down by naked shorts ……especially when the mkt remains very tight .”
deer79
We need massive shorts…..one day they have to cover and who will sell to them…….no-one…..
We have no idea then what the real price of silver should be? Great
One ugly close. Can only hope we get a weak jobs report tomorrow and get some relief.
At least Bitcoin got crushed as well.
This sucks.
Makes me nauseous and no way should be allowed
Andrew Torba
@BasedTorba
Great article on how the new Indian CEO of Fedex replaced skilled U.S. workers with masses of low-skill Indians creating inefficiency, bugs, outages and eroding any “savings.”
Oh they also how they fundamentally transformed a Tennessee town into a third world dump in the process.
“Another who lived across from the FedEx world headquarters described the area bluntly: “It’s all Indians. They are absolutely everywhere… It’s mini-Mumbai.”
Horror show that is happening all over the country. This is just one example.
There is all the difference in the world , between
a market that collapses due to exhaustion and one that is pounded down by naked shorts ……especially when the mkt remains very tight .
So now
we’re beholden to one Chinese trader ( who was never mentioned before, yet is conveniently brought up now).
I call BS! I guess we just throw everything out the window; all of the reasons why Gold and Silver should be going higher ( debt, industrial demand, shortages etc.)
Maddog
FGC takes that credit, I just took the time to read it when my daughters in the hospital again. I’m glad you read it. One thing might help a bit because that guy was double dipping so to speak knowing it was over extended and fade out the noise and know the danger signs it’s over extended at least lock in some profits when targets are met or over extended that there’s killer whales in the water waiting to steal your catch and you with it. That the clock starts ticking and euphoria can turn to pain if your timing is either too early buying or too late selling. But you know what they say about being out a … Week.. month too early is better than a day too late. At least we know the future is good for metals and rare earths right now. Also institutional retirement funds are going to be adding and anyone messing with these funds will be watched.
Ferrett 15:04
No, this person isn’t going to announce but look at that post that FGC found I posted.
ferrett
Tks for those posts as well…….seems we are subject to Chinese punters…..who are the worlds maddest gamblers……..
That huge silver short though,,, will likely be a target……they nearly always are…….
goldielocks
Re yr 13.39
Great catch…..that is the best report on the current action I have seen…it explains why we are getting hit and then the mkts go quite and then we recover somewhat…etc then get hit……a mkt that is full of punters does not go quite, or not for very long…….it remains volatile, soaring then collapsing, then soaring again etc.
Thanks goldie, but that’s today’s news.
I wondered if he had been ahead of the curve, rather than reporting Bloomberg’s news.
Buygold 13:21, trauma to banking system.
Tether is used to facilitate crypto transactions. People buy tether to transact and then sell it afterwards. It is fully backed by UST, gold and bitcoin (haha). If people stopped using it, and redeemed all their tether for cash then it would cause a sell-off of $150bn of three month UST. And maybe $17bn of gold and $6bn of bitcoin.
Bits and pieces. Epstein and Gates involved in pandemic profit taking.
Also on another one Gates caught wanting to slip his wife antibiotics after catching a STD.
Gates called to testify. Not much expectation it will do any good. This is probably just shows to those in public to satisfy their curiosity more than accountability or demos hoping to find something they can politicize.
Did any of the AG videos, or any other video for that matter, mention a Gibraltar based Chinese billionaire shorting silver?
450 tons, or 30,000 contracts short.
This guy also highlights the volatility as being China related – or even China is the direct cause:
https://www.zerohedge.com/news/2026-02-05/chinese-derivatives-tail-waging-precious-metals-dog
“The Chinese market has always been highly speculative and volatile. The problem is, it’s now so large that it dominates and distorts the entire process. The grown-ups in the room (institutional players) soon realise the market feels more like a casino than a marketplace and step aside. Industrials re-double efforts to find substitutes, retail clients burn out, potential jewellery buyers walk away, investors look non-plussed and go elsewhere, while central bankers press the pause button … and before long the bullion trading landscape looks utterly desolate like a moon-scape.
How does this end ? Well eventually the Chinese player driving these price swings discover they’re only talking to themselves… everyone else has gone home
Not helpful — not helpful at all.”
Did anyone see this
I scrolled through our brothers site and found this by FGC.
Talking about Titans, the names of the big shorting culprits this time getting caught and we’ll see how that goes. I remember JPM moving to China just before the shake down so this account makes sense of that move.
Just days after Friday’s historic silver crash, the same playbook ran in Shanghai this morning. Except this time we got names. We got numbers. And we got an exchange that will actually do something about it.
1.3 billion ounces of silver traded at the Shanghai Futures Exchange in two hours. Read that again! That is nearly double the entire world’s annual silver production. Traded in a single morning session. On one contract month alone – April 2026 – they moved 674 million ounces. FGC …
This was not some retail players. This DEFINITELY was not some organic market event. This was a coordinated assault on the silver market, and it left fingerprints everywhere.
Talk about accelerating
Bitcoin down 10% now. Definitely the new silver.
I wonder when guys like Saylor start to get nervous?
Speaking of Bitcoin, what, if any trauma to the banking situation if Bitcoin were to head towards zero?
Remember, Bateman said it was a complete psy-op.
silverngold
What was that link to gmail for?
Guess I better change my password
Buygold 11:39
Lol Maybe they can put out a series Clash of the Titans. Fink vs China, Australia, Canada, the US. Mexico, Chili. They’re gonna be busy catching up.
Deer79
They’re probably accumulating. They realized they’re way behind China now. That their pet industries depend on them. Barrick, Nem , HL and many more are good stocks, well managed and should do well in the future. Plus more hope for explorers that found the real metals will be able to get funding if they put a floor on the metals they’re mining or intend to.
Gold trying to recover
Dollar slipping as it should be with weaker rates.
Shares and silver not recovering so much though.
edit: nevermind, they fixed it while I typed.