When the shorts come back after the new year I suspect the market could get a little crazy or wouldn’t be surprised if it did.
Sometimes our “allies” are not what they seem. How much do we spend defending Korea?
Wall Street Mav
@WallStreetMav
·
5h
“So why are so many Americans, especially white workers in the Rust Belt of the Midwest, so angry” – Biung-Ghi Ju, Chairman of the KFTC.
The Korean Fair Trade Commission is violating our trade agreements by regularly raiding American companies in South Korea and threatening American workers.
It has reached a point where our trade agreements with South Korea are at risk. The US canceled trade meetings with South Korea last week over digital regulations that South Korea is pushing.
Thanks Goldie
I’ll give the video a watch, I saw it on the feed.
Here comes the first bit of selling to probe the market. I suspect we’re going to see this all day long, it will be interesting to see if they cover into any weakness. Looks like they’ll try to take out $74 before the SM opens.
Algo’s are for sure the biggest players, can see it in the performance of the shares, they drop on the slightest bit of weakness in the metals.
**edit: So far, they are covering the weakness, looking good. First attempt to take out $74 to the downside fails. Beautiful. Looking to take out $75 now.
Buygold
The Aglos machines are taking over the Asian guy or picture said during the holidays. I don’t think in China through.
Buygold Taggard and Schectman
This was last week. 5 big banks going long but majority in Europe short. JPM has multi silver. If silver is sent to China to refine they’re not getting it back. Race between sovereign powers. So AI has put out a fake scare because Trump put a critical metal they will confiscate and some order that was checked by Andy had nothing to do with metals The biggest threat to confiscation is having it held in the wrong places you have to read the rules no guarantee and can actually get lead in your stocking instead of silver in where you put or transfer it he talks about. Much other things. Banks will make more on the long than the down. Main point biggest risk of confiscation isn’t even the government it’s storage. It’s a bit long but has the transcript.
We gained back some ground
Crimex opens in about 5 minutes. Might be one of the more interesting opens we’ve ever seen. They’ve been able to keep silver below $75 for the last couple of hours. I guess that will be the new line in the sand.
Shares should be doing better IMHO, but they are what they are, probably going to have to wait until January to see those things really rip.
Amazing strength. Crimex in 3..2..1..
They’ve taken a buck off the price of silver
in the last half hour. Are they going to be able to make $75 a top and reverse from here? Or will there be players that come in to buy the dip?
If they can reverse it, then I guess they’ve still got some tricks up their sleeves.
***They are coming hard now. Remember, they don’t just hold short contracts, they hold longs they can dump on the market as well to delay the inevitable. PM shares are softening as well.
Morning ferret, Goldie
ferret – yeah, that thought crossed my mind as well. Question is then, who is directing they shutdown until March? Who has that kind of power? It would also indicate they want the silver price to go much higher and see the default occur. There are no coincidences.
Goldie – exactly. Who is putting out these video’s? The level of detail and information is astonishing. They’ve come in a short time and sucked the views out of the room on YouTube. BTW – the highest tally I see on the views is 149K at the moment, which only shows how small an audience is paying attention. I think by January the general public is going to wake up to what’s happening in silver. That will be interesting.
FWIW – I do notice a big red streaming disclaimer running across the bottom of the Asian Guy’s video stating this is “his opinion”
So who has the resources to make all these videos even through the holidays and knowledge besides big banks?
It could happen confiscation and underground currency down the road.
Buygold
Here’s one that followed the other video. Silver officially 80 in China. Talk about Samsung and the new batteries that go farther and. minutes to charge. Then what happens tomorrow when Aglos are trading.
Buygold, thanks for the video.
Certainly seems a coincidence that March is mentioned in an earlier video as the crunch month for COMEX (well, February really but March should be the end) and the refineries are closing until March too …… just a coincidence, I’m sure.
Current generation parents writing excuses for their child being absent from school. Entitled “NO PARENT LEFT BEHIND”
I promise you cannot read these and not laugh out loud. These are REAL notes written by PARENTS in a school district. (Spellings have been left intact.) Most of them are funny, but some are just sad.
1– MY SON IS UNDER A DOCTOR’S CARE AND SHOULD NOT TAKE PE TODAY. PLEASE EXECUTE HIM.
2– PLEASE EXKUCE LISA FOR BEING ABSENT SHE WAS SICK AND I HAD HER SHOT
3– DEAR SCHOOL: PLEASE ECSC’s JOHN BEING ABSENT ON JAN. 28, 29, 30, 31, 32 AND ALSO 33.
4– PLEASE EXCUSE GLORIA FROM JIM TODAY. SHE IS ADMINISTRATING.
5– PLEASE EXCUSE ROLAND FROM P.E. FOR A FEW DAYS. YESTERDAY HE FELL OUT OF A TREE AND MISPLACED HIS HIP.
6– JOHN HAS BEEN ABSENT BECAUSE HE HAD TWO TEETH TAKEN OUT OF HIS FACE.
7– CARLOS WAS ABSENT YESTERDAY BECAUSE HE WAS PLAYING FOOTBALL. HE WAS HURT IN THE GROWING PART.
8– MEGAN COULD NOT COME TO SCHOOL TODAY BECAUSE SHE HAS BEEN BOTHERED BY VERY CLOSE VEINS.
9– CHRIS WILL NOT BE IN SCHOOL CUS HE HAS AN ACRE IN HIS SIDE.
10– PLEASE EXCUSE RAY FRIDAY FROM SCHOOL. HE HAS VERY LOOSE VOWELS.
11– PLEASE EXCUSE PEDRO FROM BEING ABSENT YESTERDAY. HE HAD (DIAHRE, DYREA, DIREATHE), THE SH**S.
NOTE: [WORDS IN (** )’s WERE CROSSED OUT.
12– PLEASE EXCUSE TOMMY FOR BEING ABSENT YESTERDAY. HE HAD DIARRHEA, AND HIS BOOTS LEAK.
13– IRVING WAS ABSENT YESTERDAY BECAUSE HE MISSED HIS BUST.
14– PLEASE EXCUSE JIMMY FOR BEING. IT WAS HIS FATHER’S FAULT.
15– I KEPT BILLIE HOME BECAUSE SHE HAD TO GO CHRISTMAS SHOPPING BECAUSE DON’T KNOW WHAT SIZE SHE WEAR.
16– PLEASE EXCUSE JENNIFER FOR MISSING SCHOOL YESTERDAY. WE FORGOT TO GET THE SUNDAY PAPER OFF THE PORCH, AND WHEN WE FOUND IT MONDAY. WE THOUGHT IT
WAS SUNDAY.
17– MY DAUGHTER WAS ABSENT YESTERDAY BECAUSE SHE WAS TIRED. SHE SPENT A WEEKEND WITH THE MARINES.
18– PLEASE EXCUSE JASON FOR BEING ABSENT YESTERDAY. HE HAD A COLD AND COULD NOT BREED WELL.
19– PLEASE EXCUSE MARY FOR BEING ABSENT YESTERDAY. SHE WAS IN BED WITH GRAMPS.
20– GLORIA WAS ABSENT YESTERDAY AS SHE WAS HAVING A GANGOVER.
21– PLEASE EXCUSE BRENDA. SHE HAS BEEN SICK AND UNDER THE DOCTOR.
22– MARYANN WAS ABSENT DECEMBER 11-16, BECAUSE SHE HAD A FEVER, SORETHROAT, HEADACHE AND UPSET STOMACH. HER SISTER WAS ALSO SICK, FEVER AN SORE THROAT, HER BROTHER HAD A LOW GRADE FEVER AND ACHED ALL OVER. I WASN’T THE BEST EITHER SORE THROAT AND FEVER. THERE MUST BE SOMETHING GOING AROUND, HER FATHER EVEN GOT HOT LAST NIGHT.
Shanghai, silver price
Something is seriously breaking tonight.. Shanghai silver price is $82.00. That’s an unheard of spread of eight dollars… We need to organize a pity party for the likes of JP Morgan, and Bank of America..
Rno
Also even if gold does break it isn’t going to stop growing demand of the metals..
Rno 22:23
It might be beyond reverting this time because there was less demand last time.
Buygold
I think silver, platinum and palladium are reverting to their traditional relationship to gold. If gold doesn’t break, the others may have a long run.
RNO – Besides silver
I don’t see how the large players will touch the Crimex for metals after this. The projected default is the end of Q1 2026.
I think the silver in any ETF, especially SLV is at risk of confiscation.
I’m a little surprised gold hasn’t started to see a bigger bid, platinum and palladium seem to be benefitting.
ferret – I’ll post the video about Salt Lake if I can find it.
$126 next target? $100 by New Years Eve?
Tough time of the year for a crisis.
Explosion in metals
This kind of action in the futures market may be unprecedented. The general public doesn’t appear to be buying yet which signals a top is near. Open interest indicates the top is much further up.
Look for the rules to change soon. A default is imminent on the crimex if they don’t change the rules. This is the mother of all short squeezes.
This market has gone too far without a correction. It tried to sell off a few times but the buying was just too much. If your playing on margin, you may be front and center in a bloodbath.
Gotta eat my turkey sandwich now.
rno
AU/AG ratio
getting down close to 60:1
we are living in interesting times.
Buygold, the Johnson Matthey refineries are now owned by Asahi.
Bet Trump won’t be happy about that. But they are opening a new refinery at Salt Lake in 2026, maybe that’s why the old one is closing? I got some Johnson Matthey 5kg bars back in ’01 for AUD1,476. I think there are still a couple in “deep storage”.

