
Still in bullish path and attempted graveyard dojo taken out but so far still caution to traders.
Spot silver finished half a dollar higher. And $1.50 higher than December futures.
So, it appears you are right.
Chuckle
Somehow, I doubt they solved the silver shortage problem today.
Nevertheless not knowing that you found it and that something was wrong Good work.
The SLV/Spot spread goes from $1.20 to $.20
How is that possible? It’s not unless SLV is a paper vehicle. Seems pretty clear.
At least not a complete reversal in silver. Back over $49 with Kitco showing up $.40.
Alot different than 2011 when they took it down $6 in a day.
Yes it’s a marginal security.
I posted about that a couple of days ago cuz that could set up a squeeze at least for awhile.
I don’t know what the heck he’s doing about those missiles and know little about weapons by choice because my career choice goes in the other direction for victims other than basic self defence but they need equipment to use them they don’t have. I recently read Trump wants to know what they’re going to use them for and doesn’t want to start things up with Russia being we aren’t at war with them. Those in the know are failing him.
But on the dollar it seems like Trump is willing to sacrifice to save the economy hopefully not at the expense of it but if so not willfully like the left and will likely print for the people likely causing inflation and people need to be prepared for that by next year.
Are u saying that u can short SLV on Margin…u don’t have to borrow certificates ?????
October this year. Anyone holding phyzz has to be crazy to sell IMO because I will guess by the end of next year at least there could be premiums moving up in the metals possibly connected to supply and demand. Stocks at your own discretion. These shorts are on the wrong side but won’t give up shaking the tree till they have to.
Good watch but take note that back in October the margins to short Slv went up as more short interest moving in despite long interest buying. The other ETFs didn’t have margin increases for silver ETFS shorting.
Those sobs without better words are trying to form a gravestone doji in silver in our own market.
Mea culpa…I have got that SLV etc all wrong….to get the relationship u have to divide the spot price by the ETF…..because the spot price is increasing in value as number way faster than the ETF value ….apologies..but the problem is real….
Re PSLV…I have no idea…….I have that ETF and will ask them…..it’s actually worse because PSLV has lost against SLV !!!!!!
now into the Crimex close, as there should be, but the damage is done and mission accomplished. $4K and $50 are lost.
We know SLV doesn’t have the metal, so it should go to zero.
But there is a similar discrepancy in PSLV and they supposedly have the metal. What does that mean?
Great spot re SLV
here is a chart of Spot Silver minus SLV…u can see that it starts @ 0.00 ie par…then due to charges it slowly rises…until now when it starts to explode….!!!!!
Ipso facto is right someone has opened the cupboard and found it empty…..hence this attack…JPM and Co have got to stop the bull..but it’s too late…..
I’ve seen them at $.10 before but not like this.
I can imagine too that the algorithms in the shares are set to track the ETF’s.
These guys get away with murder.
That’ll piss some people off when the Ole Cupboard at SLV is found to contain mostly pieces of paper!
Your theory sounds right on to me!
Perhaps SLV is being shunned because the smart money knows that JPM ( the principal custodian for securing the physical Silver for the ETF), doesn’t have it??
The big players want to take delivery of the real thing, and not dabble in an ETF that has paper claims to physical Silver…….
Captain Hook seems to understand the dynamics of it all a lot better than I do.