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What about the naked longs? I suspect a lot of them are momentum traders noticed the uptrend, and climbed into our sand box going long on contracts, ETFs etc. Naturally they came in late and high, and after prices start dropping, they cash out or sell the paper.
It could be Contracts, SLV or GLD etc etc. They have nothing real to sell, so they are naked longs, driving prices too high and then driving them too low. We’ve already seen crazy highs and crazy lows, but the primary trend is up.
I think they created those things as decoys to take investor’s attention away from precious metals, holding the prices net down for decades, but its not working so good anymore because of the obvious new highs anyway.
Just my PM stocks. It’s too complicated to sell fiz in the US right now. I don’t want to lose my fiz position. Mailing is not safe any longer imho and local dealers are scalping people pretty deep. But if it crashes this is an amazing time to buy You don’t even have to pick the bottom, just stack. I do think we are going much higher, but something has to give in the short term, it seems. I also think dealers are going underground. As the price rises, it becomes more dangerous. Theft, robbery. Crazy volatility for dealers is bad, and I do believe the prediction that a large portion of dealers are not going to make it.
Nearly as scary as Mrs F when it shoots up so suddenly to AUD7,942 when the “sell, sell” is mixed with “it’s going to $8,000”. And then it crashes to AUD6,371 (when, of course, the $8,000 prediction is sidelined). So I point out that if we had sold 10 oz at the peak, and paid the capital gains tax, and bought back at the low we would end up with 9.97 oz. Without taking into account the sell commission of 10% (at the time) and buy at 2.4%. Or the impossibility of actually selling at the peak even if we’d recognised it (we would have had to be sitting on the bullion dealer’s counter for that milli-second) or buying at the low (which was the middle of the night).
I’m a permabull and die-hard silver and gold bug. The last couple of days the market has been signaling a Hindenburg event, it’s VERY spooky for EVERYONE. I never sell. But when I see Bitcoin doing what it’s doing, we know they’re gonna crash the PMS, and they’re gonna take the stock market too, so I got a chunky fat short position locked in on IWM. If Bitcoin is burning in the streets like this, it has huge implications. I know it doesn’t sound believable, but that’s my prediction. That’s a big ass silver bear flag, and we’re going down to 50 to retest guys. I hope I’m wrong and you guys are right.
Just do the math. Top- 122. Bottom of flagpole 71-ish.The math pencils out to 51. It might just be a flash crash. Silver will become unobtanium and then higher than ever. I just need to know things are safe, too much risk right now for me in the casino. Stacking? Perfect. No fears. If Silver crashes, I can’t imagine what the premiums are going to climb to. I wish I was smart enough to have sold the top, trading is so hard in the PM’s. The amount of stuff we’ve had to put up with is insane. I’m cool with trying to chase it if it takes off up and this is just chart painting short term. They shook me out for a bit. If I can buy lower, a nice cash position would be smart. Plus I want to gamble and go big with the SpaceX IPO. I want to fly. I’m usually as slow as a snail when trading and try to sit on my hands, but I couldn’t stand it the last few days. I have seller remorse of course, but sheesh.
@BasedTorba
Great article on how the new Indian CEO of Fedex replaced skilled U.S. workers with masses of low-skill Indians creating inefficiency, bugs, outages and eroding any “savings.”
Oh they also how they fundamentally transformed a Tennessee town into a third world dump in the process.
“Another who lived across from the FedEx world headquarters described the area bluntly: “It’s all Indians. They are absolutely everywhere… It’s mini-Mumbai.”
Horror show that is happening all over the country. This is just one example.
we’re beholden to one Chinese trader ( who was never mentioned before, yet is conveniently brought up now).
I call BS! I guess we just throw everything out the window; all of the reasons why Gold and Silver should be going higher ( debt, industrial demand, shortages etc.)
FGC takes that credit, I just took the time to read it when my daughters in the hospital again. I’m glad you read it. One thing might help a bit because that guy was double dipping so to speak knowing it was over extended and fade out the noise and know the danger signs it’s over extended at least lock in some profits when targets are met or over extended that there’s killer whales in the water waiting to steal your catch and you with it. That the clock starts ticking and euphoria can turn to pain if your timing is either too early buying or too late selling. But you know what they say about being out a … Week.. month too early is better than a day too late. At least we know the future is good for metals and rare earths right now. Also institutional retirement funds are going to be adding and anyone messing with these funds will be watched.
Great catch…..that is the best report on the current action I have seen…it explains why we are getting hit and then the mkts go quite and then we recover somewhat…etc then get hit……a mkt that is full of punters does not go quite, or not for very long…….it remains volatile, soaring then collapsing, then soaring again etc.
Tether is used to facilitate crypto transactions. People buy tether to transact and then sell it afterwards. It is fully backed by UST, gold and bitcoin (haha). If people stopped using it, and redeemed all their tether for cash then it would cause a sell-off of $150bn of three month UST. And maybe $17bn of gold and $6bn of bitcoin.
Also on another one Gates caught wanting to slip his wife antibiotics after catching a STD.
Gates called to testify. Not much expectation it will do any good. This is probably just shows to those in public to satisfy their curiosity more than accountability or demos hoping to find something they can politicize.
“The Chinese market has always been highly speculative and volatile. The problem is, it’s now so large that it dominates and distorts the entire process. The grown-ups in the room (institutional players) soon realise the market feels more like a casino than a marketplace and step aside. Industrials re-double efforts to find substitutes, retail clients burn out, potential jewellery buyers walk away, investors look non-plussed and go elsewhere, while central bankers press the pause button … and before long the bullion trading landscape looks utterly desolate like a moon-scape.
How does this end ? Well eventually the Chinese player driving these price swings discover they’re only talking to themselves… everyone else has gone home
Not helpful — not helpful at all.”
I scrolled through our brothers site and found this by FGC.
Talking about Titans, the names of the big shorting culprits this time getting caught and we’ll see how that goes. I remember JPM moving to China just before the shake down so this account makes sense of that move.
Just days after Friday’s historic silver crash, the same playbook ran in Shanghai this morning. Except this time we got names. We got numbers. And we got an exchange that will actually do something about it.
1.3 billion ounces of silver traded at the Shanghai Futures Exchange in two hours. Read that again! That is nearly double the entire world’s annual silver production. Traded in a single morning session. On one contract month alone – April 2026 – they moved 674 million ounces. FGC …
This was not some retail players. This DEFINITELY was not some organic market event. This was a coordinated assault on the silver market, and it left fingerprints everywhere.
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