Went with a friend who was buying silver for the first time. The coin guy said there was lots of sellers and that he could provide rounds in most any amount. She bought some generic rounds for $52 an ounce … that tells a story right there.
Maddog 13:32, that’s a scary chart of Res Banks’ BS’s.
Which, as much as anything, backs up the unreality of crypto. What is meaningful about 35% of world GDP being wrapped up in the Chief Money Borrower into Existence of four countries? The Fed has $4.2tn of Treasuries and $2.2tn of Mortgage Backed Securities as assets (and a few hundred bn of liquidity providing funny loans) and liabilities of $3.3tn in deposits by banks, $2.3tn in Federal Reserve Notes (cash, literally) and a few rats ‘n mice in funny loans.
Thus they try to control general interest rates (treasuries) and mortgage rates (MBS’s) by buying or selling them. If it didn’t exist, interest rates would be purely according to the market.
And then there’s the official total US debt at $37tn, increasing by $2tn – $3tn per year, plus all the unfunded liabilities of $100tn+, plus all the debt form the Eurozone, Japan, China, plus, plus, plus.
So compared to all that the issue of a short squeeze in silver and gold at these current prices and physical amounts is insignificant. Which is good, because it would be annoying if, as usually happens after a short squeeze, the PMs tumbled 20% before regrouping and continuing their march upwards out of the depths of suppression and confusion to the surface of reality.
Everything is meaningless, a mist that vanishes in the air. So, eat, drink and be merry.
Sng
Memories, your welcome. Hard to forget. I bet that guy learned he better watch what he ask for. I never thought about eating them though, that would of been quite a freezer full. I hope it’s natural predators on that land didn’t starve You are not just anything but just watch out for the BSers. City’s are full of them and can use computers to deceive. Not just fake holograms and we’re not used to them.
buygold, “as gold closes…???”
Silver bullet
Good post, just as gold closes at $4108 and silver $52.05. Squeezed in the last few minutes.
You’re right, they’ve been stealing from us for 50 years. We’ve only seen downside manipulation where every new high gets sold. I would definitely think the shorts are in utter disbelief. I’m not sure anyone knows when the music stops, but it doesn’t seem like supply is going to get better anytime soon does it?
Someone or a couple of someone’s have to be bleeding badly and for the first time they can’t paper their way out of this mess. 😢🤣
Glad to see some new posters lately, or old ones that haven’t posted in awhile.
This is not uncharted territory…
For 50 years, these criminals have been pushing the beach ball underwater, and digging their own grave…. this unwinding and unraveling should feed on itself for quite a while… I laugh at all the projections of where the price is going made by people that never saw this coming …. Kind of reminds me of the word of God where it says that if Satan knew what the crucifixion of Jesus Accomplished, He never would’ve had him crucified…
You think somebody else is having second thoughts of all their mechanizations and scams and corruption…
We sit here and wonder where it’s gonna end. How do you think it would feel if you were Mr. Shorty tonight ..where does he think it’s gonna end?
Uncharted territory?
Anyone else feel that way? I don’t think we’ve ever seen what’s happening in the silver market and I have no idea how it resolves other than higher prices? The refiners are at capacity. Now the Aussie mint has stopped selling.
There’s not nearly enough metal to cover all the leveraged short contracts. How does this end?
They tried to take gold back below $4100 for the close but doesn’t look like they’ll be able to.
Can’t believe silver is at $52 with no end in sight.
Looks like they’re going to keep squeezing them into the close. Why would anyone sell?
Goldielocks@11:56 Thanks for the memories!
I saw your post, which was all true…flood irrigating hay fields for Bill Keeler on 50,000 acre Dye Creek Ranch in Red Bluff (Los Molinos) CA as a long teenager.
After that I went on to Real Estate sales, Consumer Finance HFC and GECC, Life insurance (Variable Annuity sales…#1 in the USA ), Alaska State Manager for two insurance Co’s, (Aetna and Hartford), was at the top of my career (and exhausted) so I retired and moved to Canada at age 33 and changed the entire focus of my life , Learned the log home building trade and built 3 log homes in BC, moved off the grid and built a cattle ranch out of the Canadian bush, developed my own hydro power system, was issued the 3rd BC Woodlot and logged 100 logging truck loads of sawlogs every winter, was the Sanitary Landfill (dump) Contractor for 3 northern BC Communities, and the Forestry Hydroseeder Contractor for Northern BC….Then lost my wife to a highway accident (hit by out of control logging truck on black ice…instant death), I literally hit bottom and quit everything…. sold my cattle, sold my ranch and for 2 years did nothing; then re-married (my late wife’s best friend) and started life again. Now happily married again for 30 years, began stock market investing with the new century, SNG, missed the 2008 PM top but cashed out in 2011 with over a million of OPM.
My life’s motto has been “anything works if you do, but nothing works if you don’t”!
But now I’m just a Conspiracy Nut . That’s okay. I have always won life’s game. Luck to all from SNG!
Ipso
According to this guy you’ll get your 10 years wish.
The Great Silver Squeeze: India’s Futures Market Faces a Meltdown Risk via GATA…Silver squeeze is going Global
and loads of trouble in India’s gold jewelry mkt
A Golden Betrayal: Fixed-Rate Schemes Collapse as Gold Soars Past ₹1.26 Lakh
About as terrifying as it can get, the total delusion, in Crypto, that it is a real part of the system, with real value , is on full display here.
Bubble Creation – Friday’s Crypto-Carnage As A Canary
https://www.zerohedge.com/crypto/bubble-creation-fridays-crypto-carnage-canary
PMs moving fast
I wonder if there is institutional buying starting now.
Treefrog
I knew this with wild rabbits but not sure with prairie dogs so asked the computer. It’s the same though in case you catch anymore. Careful handling especially if they have fleas and check the liver.
- Enlargement: The liver, along with the spleen and lymph nodes, is often enlarged due to bacterial proliferation.
- Widespread necrosis: The plague bacterium can cause extensive death of tissue (necrosis) in the liver. This can appear as multifocal, scattered areas of dead tissue.
- Hemorrhage: Widespread, disseminated hemorrhaging can occur in the liver and other organs in more severe, septicemic cases of plague. These lesions can appear as ecchymotic or map-like patches of bleeding.
- Bacterial foci: The liver may contain small, fibrinosuppurative foci (spots of pus and fibrin) that indicate the spread of the infection.
- Vascular thrombi: Microscopic examination of tissue may reveal thrombi (blood clots) containing bacteria in numerous blood vessels throughout organs, including the liver.
Treefrog
Btw You know who can catch those things. Someone regretted offering him a job getting rid of a few of them.
You should hear the story about gophers or something SNG killed when he was young. Someone offer him something like 10 cents a tail for them. Talking about a Holocaust! He killed something like 500 of them with a shovel a river bed strategy to drive them out he figured out a whole system. If gophers could talk they’d be telling the story about the great massacre. Holy Moly.
Treefrog
Really!! I’ve heard of using nails on a sling shot to fire a bullet but never plain rubber sending it off and even then didn’t know how safe it was. I’ll pass that on to Shooting Star is her handle. Sound like that meat needs to be marinated or something but it’s protein.
goldi,
yep, buckshot. readily available, cheap, and most of all, consistent. #4 buckshot is a 0.24 inch round lead ball. with a wrist rocket, it’s only a little less powerful than a .22 – plenty for small game.
prairie dog? nothing special, a little chewy. mostly tasted like the salt pepper, and garlic it was cooked with.
Ipso
Dave was the first to call out the move in Gold and silver I posted early in the year if anything back then just sounded good when it wasn’t doing much of nothing and banksters still had control. He calls himself the contrarian. Recently I heard Andy claim he was too.
Treefrog
Buckshot!?! Really !?!.Not contained in a calendar what sparked the energy and no BBs flying everywhere? That would save on buying a hunting rifle. I never had prairie dogs before. What does it taste like. It’s good you taught him survival skills young. But buckshot with A sling shot?
goldielocks
I’ve always thought David Hunter was someone worth listening to!
Ipso
And we’re not even at the tip of the iceberg yet. The highs in gold and silver are being continually raised moving more toward D Hunters numbers.
