How is President Trump doing? With a one being worst and a ten the best.
Total Voters: 36
Loading ...Re NATO etc…notice the peacetalks are happening and only the US, Russia and Ukraine are involved, all other NATO members are excluded…that FT article and the FT is a Globalist mouthpiece , sounds like a desperate attempt to stay relevant, but just makes them look even madder than they are……
From what I see , if Zelensky doesn’t sign up v soon, even more filth about his regime will be ‘released’….including him probably.
the scum are using everything in the playbook to try and contain Silver…….
Hopefully that’s a hammer not a hangman.
NEXTA
@nexta_tv
⚡️BREAKING: NATO may carry out a preemptive strike against Russia
For the first time, the alliance is discussing the possibility of a preemptive strike on Russia in response to its hybrid attacks. Admiral Giuseppe Cavo Dragone, the head of NATO’s Military Committee, told Financial Times about this.
According to the newspaper, a number of Eastern European diplomats are demanding that NATO stop merely “expressing concern” and deliver a response.
Dragone acknowledged that preemptive actions can be considered self-defense, but this “goes beyond traditional thinking.”
“Perhaps we should act more aggressively than our opponent. The questions are about the legal framework, the jurisdiction: who will carry it out?” he added.
Re 400million Oz
Here’s how it works….the last Friday of the preceding month ( Nov for Dec), is what is called first notice day…if you are long, a short can deliver to you on any day until expiry, the last trading day in this case 31 Dec…..you then have to either accept the delivery, or sell yr long contract, or roll it into anther month and re-deliver the warrant you got initially…..what seems to have happened last Friday, is a long of 400 million Oz’s was delivered , who said thankyou…..and when his/her broker gulped and said are you st, st , st stan…stand standing for the whole lot, they said yes….or some sort of conversation…..
Now Crimex has nowhere near that amount of silver registered for delivery….
you get the picture….Crimex will probably have to cash settle, where the long gets the closing price for the Dec contract, but no metal…or very little…..which means Crimex is effectively in default.
I will say…this might so far be an overeaction someone may have seen the Open Interest for Dec and assumed it was all going to be asked for delivery…it may not…..but if you look at the spreads the cost of rolling the contracts fwd, is way beyond finance …so asking for delivery makes far more sense……Dec to March silver is 0.72 cents….finance at 4.00 % shud be 0.564 cents
The daily delivery and stoppage details are going top be fascinating……
Ted Butler details them well daily here
https://silverseek.com/article/ted-butlers-silver-bonfire-has-been-lit
Dollar cratering against the Yen. Picking up downside steam against the other currencies. Rates still moving up.
Yes, Alex. This is getting interesting old friend. 🙂
There must just be mountains of shorts they’ve got to cover.
Started around 7:40 am EST
First of many, no doubt. More of a probe than a waterfall.
I don’t know how much of this is blood into the mainstream narrative but this whole overheating situation I think has been brought up to deal with the real problem they have on their hands. And that is there is an AP standing for delivery of 400,000,000 ounces of the December contract.. Yes, 400 million
And from what I read, I’m not really versed on all the trading but from what I’ve read they have until December 31 to get the books squared on this… Holler it’s gonna happen I don’t know but the traders Supposedly is from China. I asked how much of that order they were able to fill, but there’s really no transparency in the response. But I don’t think if you put comics LBMANSG altogether they don’t come anywhere close.. Not to mention probably a whole lot of other people are gonna be pile and hunt because from the sounds of this, they ain’t gonna be anything left when they’re done… I wonder which will come first.. The mainstream media coming clean what’s been going on or hell freezing…
IMHO none of the shares have woken up yet…especially to what is the potential down the road…..as someone said the other day….it was not long agao that most silver miners were barely breaking even with a $ 20 cost…at $ 50 they make $ 30 a huge gain…..but silver under TA is projected as Hi as $ 500….now that could well be a blow off peak…but lets say it stops at $ 300…imagine the earnings then !!!!
Up with oil and rates at the moment. Thought we might do another reversal in the overnights when spot silver hit $57.90 and then was beaten back to $56.50 or so, but the buyers keep re-grouping. Maybe it’s the shorts that keep covering. Who knows, maybe $60 is in the cards before a pause. Gold looking to give us 1%. Plat and Pall are strong again.
Bitcoin down $5K after rebounding back above $91K last week. SM to start the day down but probably won’t stay down. No way they’ll allow gold and silver to be the lone winners.
Hui could quadruple from here……
Yes, pride always comes before the fall. “I did this”, “I did that”. “I”, “I”, “I”, “me” “me” “me”
I don’t even know if I’ll be alive in the next five minutes. Everything is His, He holds everything together. We’ll see what He has in mind for gold, silver and the future if we’re around to see it.
Yikes I’m.going back to sleep, it’s about 3 am here. I had to read it a couple of times to register and not sure all was. Cryptos now are ledgers that was originally meant to be neutral like gold but not because it’s made up on a computer like counterfeit or pretend money and out of government control or was and banks but now are used to get free money to invest to make more money and it’s legal.
Even if they pay in tokens, the daily volume is half the float so it’s easy to convert to cash. But they are buying shares from gold company shareholders, so it’s probably is cash!
It’s actually brilliant. They sell tokens which are used however they get used in crypto jiggery-pokery, and back the tokens by buying UST notes (less than 90 days’ maturity), on which they earn 3.5%. So the tokens theoretically really are backed by cash equivalents. With $130bn earning 3.5% that’s $4.5bn p.a. in free cash which is paid to the owners as dividends. With the investments they’ve made in gold bullion and Bitcoin recently the dividends paid have been $3.5bn per quarter. For the last three quarters. And the owners probably haven’t had to put up one cent of their own money.
It’s still suspicious that they won’t be subject to audit – don’t know how this will be resolved as El Salvadorian S.A. de C.V. need auditing. But I can see how it could easily be a legit, very profitable, no risk venture.
Thanks, that’s the second royalities company tether is getting involved with. Will there be more? All they are is a electronic ledger groy would be left with less they’re paying cash. I see Groy is looking to protect itself and hope they don’t try to take over these companies especially now.
time gets crushed vs price.
Back testing the break out wud be classic…….lets see.
I was hoping someone like AEM or Dundee would buy groy out. I am up 200% and would hate to lose it. GROY has some AEM royalties on that AEM’s canadian malartic area that are going to bepaying for decades. Dundee wanted that $5o million copper royalty from Adiatic that GROY bought and Dundee now owns Adriatic. With tether you never
….and another one that says the same quote that you gave, “The silver is mine and the gold is mine declares the Lord Almighty”. I did not remember reading that previously in the Bible, but I know I’ve always felt I was “given” my “handle” by what I call my “Higher Power“, which is the Holy Spirit. I had a computer crash about the turn of the century, bought a new computer, and when I tried to reinstate my old handle I was told it was “already in use”. I had just bought my first silver for $5.50 per ounce, and my first gold for $350 per ounce, So I tried “Silverngold”, which it has been now for the last 25+ years. Sure seems like I was “guided” into that handle….so your post was like putting another piece into my life’s puzzle. Thanks from SNG
Because we’re few in numbers and banks no longer hold it is a good thing cuz it’s not worth the cost to try to take it from the few that them or considered a collection and could of been lost, spent or given away before then plus the bigger holders that likely have political influence wouldn’t like it including gold backed funds plus the popularity in the US anyways in some states to be legal tender. We may know not to talk about it but do the family members?
?
We are few in number, but they don’t know who some of us are, or how much we have, or where it is. Much easier to screw another 1% in income tax, or a federal road mileage tax (especially with modern cars where the mileage is live streamed back to base) or some other hi-falutin’ excuse from the masses who cannot avoid it. A way will be shown for how to use it, because don’t forget – it’s not ours anyway. ‘”The silver is mine, and the gold is mine” says the Lord of hosts’; Haggai 2 vs 8. Interesting that he claims the silver first.
Will be able to use it probably for all you mentioned plus some. there was a whole new paradigm forming, and at least from the financial situation those holding physical have the best fighting chance… But then again, since they’re so few of us, We make acceptable targets using their typical divisive governance methods… Going forward The last thing you want to do is tell anybody what a great decision you made investing in precious metals… It could get extremely ugly.. And once you put that out there lingers in people‘s mind, especially if they’re not participating.. And it’s really not usually the person you talk to about it. It’s when it’s they bring it up in conversation with somebody you don’t even know…. Well, kinda like to be proud of what we’ve done, especially after the years of warfare we’ve been through… But just remember, with the word of God says about pride and stay humble and stay silent…
