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We’re now less than $10 from not being able to insure green monster boxes at CO Gold via USPS w/Form 3806
That makes a box $45,040. The top set for USPS insurance is $50K
As zerohedge reported:
SILVER EUPHORIA MEETS REALITY
“Silver just printed its second straight red candle for the first time since the squeeze began — and momentum is starting to crack. With price slipping below the 8-day, RSI diverging, rebalancing supply looming, and volatility still extreme, the next move could be fast and unforgiving.”
Looks like they were right. Not sure why two red candles should produce such an unforgiving rapid upwards breakout, but, there ya go.
Aufever 1:28
Well maybe they learned something from the Hunt Brothers. They used leverage they didn’t have. At least they didn’t use other people money to do it or say leave them holding the bag when they went bankrupt.
.
Silver now up about 4 and a half bucks
With the new regulations starting tomorrow, I wonder if the mining stocks will finally start participating.
goldie
Here’s another video.
It looks like the rule starts Monday. But the rules didn’t just change — it has been coming for quite some time. And some banks and countries have already been positioning for it.
It’s possible they can no longer short gold and silver, and must start acquiring them. And start closing paper positions. Possibly closing client positions, but many will be closed with paper dollars. They may have a year to fully implement.
That basically the world banking system is being converted to being backed by real assets, gold and silver. Not US dollars and US treasury notes. That this is the Great Reset. Of course, I don’t understand the details.
I wonder if some of those videos about each of the big banks means some are going to try to implement over a much shorter time period – 1-3 months.
I found this:
The Net Stable Funding Ratio (NSFR) is a Basel III banking regulation requiring large financial institutions to maintain a stable funding profile for their assets and off-balance sheet activities over a one-year horizon…
Apparently, it may, actually most likely will, tighten credit markets.
Starting Monday morning Banks can no longer short silver
Unless they can back their position with silver. Hope this is true.
Buygold
from what I can tell and what I’ve read in Shanghai, silver price has a 13% VAT tax added to it… The tax is only collected if physical metal change his hands, but it’s used in the quotation…
Here’s an interesting problem
We’re now within $11 an ounce where we can no longer sell back whole mint boxes of Silver Eagles back to dealers! The USPS only insures packages up to $50K!
Shanghai AM fix $91.13
Just saying
RE: Replies to my post regarding PELOTON (PMCCF)
RE: Replies to my post regarding PELOTON (PMCCF)
@deer79 – I couldn’t in good faith frame it any other way
@ferret – yep! 🙂
@amals
RE: “do you know what made the price jump just recently”
No, I do not, although I have been waiting for the anticipation of the drilling results to start moving the price.
RE: “what range would you be comfortable jumping in?”
that’s up to you. This is VERY thinly traded on the US (PCMMF) exchange. I have seen trades of 100 shares at $0.08 change the price.
RE: “Also, what price did you originally pay”
My average price is ~$0.065
If I missed anyone – my apologies – life intervened and has delayed my reply.
Here’s the scoop on Peloton from my perspective.
Like I said earlier, I bought it many years back.
(~2018) at $0.10-12 /sh.
I can’t even remember exactly why I bought it, most likely something, somewhere peaked my interest.
Like any specular stock that I buy, I nibbled in with a small ante – just to put it on my watch list.
It fluctuated but did nothing exciting. So I forgot about it. Until just recently when I reviewed my holdings. As it had gone nowhere, but down, I decided I should sell it.
Then, having been burned on ‘premature sells 🙂) many times before, on a whim, I decided to call the company.
Short story is that I spoke with Paul Teodorovici Contact Information for Peloton Minerals Corporation
Investor Inquiries
Paul Teodorovici, Vice-President, Director Tel: (514) 582-2282
Paul encouraged me to read the company presentation: Peloton-Presentation-December-1-2025.pdf
I did. We discussed it further by phone.
Bottom Line:
I bought into the potential. I realize it is a Speculative Stock. I hold a bit more than I originally told myself I would risk, but it will not ‘sink my ship’ if the drill is bad. The drill results will likely determine my future actions.
I hate losing even a penny, but I also realize that the is the nature of the game.
For anyone interested in Peloton – I encourage you to call Paul and ask away.
.
ferrett
Coal……Very good.
A very powerfull group used Lords knows what volume to paint a weekly reversal bar in AG
for the last week of the year in 2025……taking silver down $ 14 on the week at it’s low……..6 days later all those shorts are ‘effed
aufever
Re HSBC
A while back Standard Bank of South Africa was hit with a multi hypothocated fraud in Aluminium, run by the Chinese, it cost them millions .
Grok says the 7 billion short story has been around for a while…….all I know is that there have been massive sellers around for decades and now someone is buying like a desperate short..
treefrog
Holy buffaloes!
Up 3 and a half now.
And gold knocking on 4600!
aufever,
never mind january, it’s definitely warming up !!
treefrog
Yes sir!
Up another buck.
Is Seeing Bull gonna throw some shorts on that fire
silver
up about a buck and a half out of the starting gate…
…let the fun and games begin!!!
“uppa hai !!”
…19:40, there’s three bucks.