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China is certainly going to try to hoard silver as well as anything else it seems the industrial nations need but it will be buying cheap and hoarding it as well as trying to buy up any other nations mines that are dumb enough to let them and thats where the possible long term threat can emerge.
Their country only mines and produces a small percentage of the silver miners.
+2
China produces roughly 13 to 14 percent of the world’s mined silver, yielding about 109 to 113 million ounces annually. This ranks China as the world’s second-largest silver-mining country, sitting behind Mexico. [1, 2, 3]
Production and Byproduct Details
Global Share: ~13.5% of annual global mine production.
Byproduct Nature: The vast majority of China’s silver is mined as a byproduct (about 70% to 85%) of base metal operations, primarily lead, zinc, and copper.
Primary Mines: Only a small percentage comes from primary silver operations, such as the Ying Mining District in Henan Province.
Reserves: China holds roughly 70,000 metric tons of silver reserves, representing about 11% to 12% of total global reserves
Or just demand in this triple digit heat wave no one wants to cook but a local Italian fast food restaurant ran out of pasta for the first time. That’s kinda coincidence I just gave out gifts of a pasta maker that makes different kinds of pasta on sale.
I’m sure people are having dreams and worries like that and should be under the circumstances. I know one thing, if they can target Putins home what’s stopping him from targeting there’s.
Although the way their going in Europe they’re destroying their own countries with delusions of dictatorship grandeur. What they failed to think about once their country is taken over and it won’t be by them but the invaders they will be done too. Just where are these losers and their cohorts going to run to when they get overthrown.
$89 million crypto theft blamed on ‘new AI paradigm’
Malicious actors will use new tools to identify the smallest software flaws, the maker of high-security Bitcoin wallets has warned
The theft of at least $89 million in cryptocurrency that was supposedly safely stored in high-security hardware wallets has prompted the producer to warn that a “new AI paradigm” is redefining cybersecurity.
Hardware wallets are physical devices that store the private keys needed to access cryptocurrency and have long been considered safer than leaving digital assets on exchanges.
Last week, however, users of some Coldcard wallets saw their funds drained by unidentified perpetrators in a series of attacks.
Re: SSRM They probably just didn’t quite hit the numbers expected. Making a lot of profits still. Their AISC is kind of high at $2622. They need to start paying more dividends! All of the mining companies do. Buying back shares mainly just benefits management and their bonus’s.
I would suggest anyone that has any financial interest in silver to utilize AI and check out our China through It’s long-term strategy has locked up 65 to 70% of all silver… This was mine blowing when I read it And I have never read any media that is connected all the dots… I’m gonna try to put it in a nutshell because this stuff can be confusing… Peru, Mexico and Bolivia are the three largest producers of silver, including the zinc and copper mines were silver as a byproduct… Over the last 15 years, China has built a lot of of the infrastructure and controls the offtake of all the Ore…. They have lockdown all of the capacity from these mineswith long-term contracts And they’ve also bought a lot of the copper mines were the silver is the byproduct… China has 75 to 80% of all the refining capacity of silver in the world at this point…. The west is in a mad dash Resurrect their refining capacity, which they gladly gave to China many years ago… As we all know, China plays the long game and where we’re at now Has been a long time coming…. And now China has put export controls where they are not allowing a single ounce of silver to cross their borders… I asked directly if that includes the ore They are refining for third-party entities… Whether it’s true or not, the answer was yes… Nothing is crossing their borders at least coming out…. And even if the west were to break the contracts with Latin American companies, the west does not have the refining capacity to deal with the ore… AI went on to say the only reason the prices of silver is not multiples higher than it is now is only because of the paper games on comex…. For the last 20 years, China has been supplier of silver not only on the margins, but probably the main source…. If someone on his side has ever heard the situation explained like I just did I would like to know from who because I would like to read what they have to say…. The only thing I can take away from what I read if it’s true is the Situation is a whole lot more volatile than we have experienced so far…..
I saw a woman on YouTube who said she had a vision. In the vision Putin launched a nuclear attack on Central Europe. She said she also saw related nuclear strikes on 5 areas of the eastern U.S.
Zelensky yesterday launched a drone strike on a Russian beach on the Black Sea killing 3 civilians. One thing Putin cares about is his people. He’s way different than the leaders in the EU and US in that regard. I think he’s been really restrained in this Ukraine war, but if he feels cornered I don’t think he’ll hold back. JMHO
Scroll to about 13:30 minutes. Europe is getting ready to cancel their currency to all digital for control and want war with Russia thinking they’ll get their resources. They are one of the richest countries with resources gas oil timber agriculture including fertilizer gold, silver and Europe who has nothing but manufacturing and little left and sold agriculture they attack with global warming scam wants it and why they promoted Ukraine as a proxy war. Russia didn’t start this war The only thing they did was rescue their Russian people and children in Ukraine. They have nothing Russia wants only debt and they don’t want their debt.
It’s about UK and EU wanting their resources. Climate change was only constructed by a neocon to get Europe to stop buying oil from Russia so they could topple Russian Russia just sold it somewhere else. Now Europe utility bills sky high affecting manufacturing And power shortages.
We don’t want that here get our citizens killed or start WW111 because of these power hungry incompetent PM idiots. They dragged us in enough of their wars. That why we need to get out of NATO and to make them more arrogant they openly said their not backing any of our wars but we’re supposed to back and pay for theirs.
They can’t even control their borders.
Insider citizens there said they want a third world country because the leaders then can become dictators have all the. power and get rich, even eliminate voting. That’s why they’re opening the borders to import votes and fear that will enable them to turn all of Europe into a third world dictatorship where the money will go to them, corrupt judical system and the military to prevent the citizens from taking back their country while they will grow poor and oppressed.
NEW: 🇺🇸🇮🇷🇴🇲 According to the Wall Street Journal, Iran has made a few additional demands for opening the Strait of Hormuz under Iranian management in partnership with Oman
– An immediate end to the U.S. naval blockade.
– The lifting of U.S. sanctions on Iranian oil, petrochemical products, and gas.
– An explicit acknowledgement of Iran’s right to collect maritime fees.
Besides all this, Iran will have full control over inbound traffic into the Strait of Hormuz, and supervision over outbound traffic through Omani waters.
Quite the contrast between what we’re seeing and what the QQQ’s have done today. They have tripled since the first hour, we have gone nowhere.
There’s no volume in the shares to sustain or better yet increase the gains. Some of the silver shares have performed well, but even those don’t have average volume. NEM volume is anemic. $4100 was sold immediately. The 50 day on GDX has been defended and capped.
I think today we’re just fortunate the SM is ripping, otherwise we’d have nothing. They may have succeeded in driving out all potential investors other than shorts. Unfortunately, we’re probably going to give the last couple of days gains back in the next few days.
