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I guess I mean the banking shorts. It seems like they have a backstop, and I wonder if they ever HAVE to cover. It seems like if they actually had to cover their paper, this game would have ended with much higher prices a long time ago and they wouldn’t be able to trade a year’s worth of production daily.
One thing seems clear though, their Achilles heel is having to come up with the physical metal in mass when longs demand delivery.
It was good to listen to Lanci’s perspective. It has felt like old times the last few days.
Looks like there’s going to be a lot of eyes on NEM earnings tomorrow. You can bet the scum will be on it.
The entire move ends overnight? Should we sell everything then?
I’m trying to remember how the other bulls have ended. I do remember 08’-09’ when Lehman went under and that Sunday night it ran up toward $1K and was reversed by the next morning. I definitely remember silver in 2011 when they smashed it for $6 after they killed Bin Laden, but it seemed like we hung out in the $40’s for a while.
Maybe this IS how it ends. If it’s a financial war, why would China send silver over to the LBMA to help bail them out?
I do know this much, I’m not going to wait another 10 years for the next move or ride gold back to $2500 and silver $25.
When you see moves like this it’s understandable why the miners don’t jump up and start paying big dividends. There’s no security for them.
I’m going to give it a little more time. There’s Fed easing still in front of us and maybe even QE. Hopefully that at least puts a floor underneath prices. The silver market should still be tight. I don’t know.
To be fair, Vince did mention some of the other entities who could be selling … and how secretive they are.
I agree with you that the power of the cretins is quite a bit diminished, but obviously they are still a force to be reckoned with. It’ll be interesting how soon gold can come back … quickly and the shorts are in trouble!
That statement is exactly right. The New World Order that started with the Fed Res Act of 1913, in my view, 9/11/01, attack on the world trade center, has reversed the old NWO, and a new new world order has started. Everything is moving in slow motion.
By the way, Gold was around $250/oz around that day, today its over $4,000/oz. The Fed Res is finished, they did enough damage to cause a reversal. If in 2001 you bought 1000 oz of gold, $250,000, today it would cost over $4,000,000.
I watched the first few minutes of the video you posted and understand the basic premises of his argument; we’re in a financial war and the timing is such that the U.S. “turned on the switch” to suppress the metals……..
But, as far as I know, he doesn’t acknowledge that there’s a lot more to it than that IMHO.
I would think that the majority of us here, firmly believe that the ability of the U.S. to manipulate the metals, is greatly waning due to the instabilities that are growing stronger and stronger in the global financial system.
The battles can continue to be won by the scum, but sphere of financial power is shifting with increasing intensity…….
That was definitely unusual and put up a red flag. Then shortly after there appears another one. Not only out of character but at 95 would he even be up to that twice considering he isn’t interested in that sector. Looks like they’re pulling out any trick in the book. Just making it easier for the other central banks. Strange someone said the Fed isn’t buying but they’re selling. That would make it dollar warfare going on since the attack mostly coming from here. Gold going up didn’t make the dollar go down. They and Congress they always leave out for some reason throwing our money all over the place. It seems like the left wanted to rob it blind maybe for the purpose of starting up fake money. Is the Fed allowed to print more or it?! How will we know how much they have? It’s laughable. It reminds me of kids with play money but they’re adults. Plus it was made to get away from them.
Sounds like that guy didn’t know what he was talking about especially coming from a place they have to buy oil or coal.
I Meme Therefore I Am 🇺🇸
@ImMeme0
🚨These so-called organic “No Kings” protests — they were the best grassroots movements money could buy.
They were organized by dozens of NGOs, and these are the top 5 donors:
@jimcramer
expect the speculators in quantum, gold, nuke, extraneous data centers, silver, will not go down without a fight and that they will endeavor to have a snapback. Do not be fooled; sell into it if you haven’t already.
First Squawk
@FirstSquawk
AMAZON’S ROBOT REVOLUTION: OVER 500,000 JOBS SET TO BE REPLACED BY MACHINES
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I seriously doubt Buffett actually said anything about Gold….I reckon it was all part of this attack….they really do plan this stuff….i have a US share SMR that some rinky dink analyst in Denmark, said was worth jack…it then got pounded to near nothing…..then later it turned out it was bollox, but the shorts made out and probably got long….
Your very thorough in lining up the numbers. Good charts. When I woke up due to catching a cold from helping people with colds and COVID caused me trouble breathing. Like Wanka had. Anyways it’s good timing. I saw a long tail down on silver that didn’t quite hit 4k but close.
You might have a point about the shorts. They may have seen a technical set up in they were setting up lol or helping a long that then could set a technical sell signal then they have these Aglos automatic computer trading going off and then the auto stops. I heard the market makers can see them. I almost bought but decided not yet. I already bought three times this month including the Kirk but bout over 4K of gold and silver. I try to avoid one ounce gold because after a certain amount of I went to sell it if it goes to the higher numbers it will trigger tax papers. It cost more that way though.
Pento: Says we’re gonna have a protracted stagflation “Pm bullish” and when a bond crisis starts that happens he’s getting out of the market and short. . Says posted 8 hrs ago. Said weak hand sold yesterday. We have multi.bubbles. equities could take decades to recoup.to the expected crash. Even Buffett is gone to cash. Maybe that’s what he may have been talking about but why did he single out only one sector when he went to cash to buy equities at a lower price. But crash of 2020 think it was during that crash he bought Barrick gold.
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