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SILVER
one hour chart on netdania forming a really nice flagpole with pennant. getting close to the point. thirty dollar silver coming soon? more than thirty???
we live in interesting times.
Goldie…
The last link worked; thanks. I want to send it to a friend.
Maddog @ 14:46
That’s a good basic article on the silver rig. Very nice to see the publicity. The author I think is mistaken if he thinks that SLV has the silver they say they have. There’s a lot of fine print in their prospectus giving them other options than physical. Reading your 14:55 I see you’re on the same page.
It’s too bad they can’t find a way to get real price discovery other than buying SLV. Maybe when they can’t get SLV to deliver, everyone will see that the cupboard is bare.
Captain Hook what do you think about this?
PM shares did really well today even with gold mostly flat. Silver out shined gold considerably.
Even MUX was flying, from crap to overbought in one day. Is that the bottom for MUX?
MUX – Maddog, Treefrog
MUX up nicely on 12 times avg. volume
Maddog, Treefrog – I’m with you that’s my hope, they take on SLV – no way they can take on the future markets.
Glad to see were not closing at the bottom, even though the close in gold sucks.
The scum has shown their hands and just how corrupt they and all the big market participants are. Clearly, the big hedge funds and all the brokers on Wall Street are in cahoots, stripping the small retail investors of their hard earned cash. It all became clear today with Robinhood, absolutely none of them are for the little guy.
wheaties, back over forty
https://finance.yahoo.com/quote/WPM/?p=WPM
the beat goes on…
maddog,
you’re right! this is fun to watch, and getting better by the minute!
treefrog
See my post on their Thesis…looks like they will use SLV and Crimex…….wait till they find out SLV has no silver,,,,,as they are going to take delivery from it…….or try to.
This could get very wild, as the scum cannot afford have Joe Public sniffing around what they have been upto……it won’t be too long before they get hold of all that GATA has…….. and reading some of their posts, they hate Fall st and the Swamp, with a vengeance.
Wall Street Bets Silver Thesis in Full
https://www.zerohedge.com/news/2021-01-28/goldfix-wall-street-bets-silver-short-thesis-full
Nobody likes the scum…millions of ants will eat the largest giants……
do the redditers have the staying power?
AG, WPM, FSM, SVM, others, look like they have bottomed and are rising into the afternoon trade.
edit: AG has clawed its way back up to $17.00 (up 23%) others, similar performance…
EXK, AXU, HL, PAAS, CDE….
To my mind this is FRAUD and someone should face criminal penalties. Of course we know no one will because that’s not the way America works.
Subway is SUED after tuna sandwiches are ‘revealed to be anything but tuna’ and ‘don’t even contain FISH’
https://www.dailymail.co.uk/news/article-9197909/Subway-SUED-tuna-salad-revealed-tuna-isnt-FISH.html
Robin Hood but it was everywhere why just them.
From Armstrong
Looks like Robinhood got caught stealing from the poor to give to the rich “hedge funds.”
Look what they can do to PMs too.
ANSWER: Shutting down the market in GME is outrageous. But this is by no means unique. Back in 1980, the COMEX did not shut down the silver market to force the Hunt brothers out of silver, but they made it much more expensive to be long v short. They aided the investment bankers as always. Even the Chicago Board of Trade raised the margin to trader silver by 10x the very day of the high – January 18th, 1980. History repeats because the corruption never changes.
Buygold
That AG move was I’m guessing for advanced trading platforms and people already positioned. That’s why I didn’t bother trying to trade it just heads up to anyone holding it.
Glad Ipso wife made a profit.
We’ll see what happens tomorrow but I was just looking at the pop to come today not risky moves where you could get locked out.
KUNSTLER=The people of this land are flying blind into a maelstrom of hardship. Everything is going south at once here, and you probably don’t know it.
https://kunstler.com/clusterfuck-nation/flying-blind/
If you think we’re headed into a transhuman nirvana of continuous tech-assisted orgasm, social equity, and guaranteed basic income, you are going to be disappointed
Events are in the driver’s seat now, not personalities. Gil Scott-Heron was right way back in the day when he said, “the revolution will not be televised.” Only what he called “revolution” turns out to be collapse, led by the disintegrating news business, so that the people of this land are flying blind into a maelstrom of hardship. Everything is going south at once here, and you probably don’t know it.
If you think we’re headed into a transhuman nirvana of continuous tech-assisted orgasm, social equity, and guaranteed basic income, you are going to be disappointed. Our actual destination is a neo-medieval time-out from all the techno-dazzle of recent decades. It’s not as bad as you might think. The human project will continue at a lower pitch, probably for a good long while, but minus most of the comforts and conveniences we’re used to, and with very different social arrangements. You can waste your energy hand-wringing and wailing over all this, or summon the fortitude to go where history is taking us and make something of it.
For those perhaps not paying attention, Covid-19 has destroyed what remains of education, especially the public school system. It was already moribund, waiting to crash, reduced to a pension racket for teachers. Going forward, the money won’t be there to operate these giant centralized schools and their yellow buses (while paying out pensions). The virus has kick-started exactly the kind of home-schooling pod system (several families combining) that can be reorganized into small-scale schooling for people who want it. People who don’t want it can move into their future without knowing how to read or do arithmetic. We’ll finally get a good test of the noble savage hypothesis. As for the colleges and universities, their business models are toast. They’ll be downscaling and shuttering as far ahead as the eye can see. Whatever remains will be more like finishing schools for neo-medieval ladies and gentlemen — and, by the way, the distinction between men and women will be reestablished. Why? Because reality insists on it. There will be plenty of work for former professors of Intersectionality in the sorghum fields.
The old economy is wrecked. Many Americans already know this because they’ve lost their businesses and their livelihoods. What used to be there isn’t coming back. But there will always be ways to make yourself useful providing things and services that other people need, just not within the crumbling armature of the economy we’re leaving behind. There will be a lot of debris left in the way to overcome, especially the crap we’ve smeared all over the landscape.
Buygold
Yup I too got carried away thinking, we might have game changer, but as u say the scum is letting everyone know who is boss.
As Ipso says they really have done a job on Gold….then look at the SM, since it bottomed it has been up every one of the last 9 hours, not even 1 down hr…..
Maddog-also Robinhood
Remember when they were supposed to be the trading site for the little guy?
Well they completely hosed the little guys on their site by only allowing them to sell GME and others.
Just another Wall Street scam.
Comex silver
Silver has traded in a $2.00 range and is currently sitting at about mid range and just above the 20 day moving average.
Maddog
The Reddit crowd is being shown who’s boss. Half the gains in SLV gone. Same with AG.
The scum is selling in 100 share lots. I bought some AGI and it took 8 orders to fill it. 6 of them were under 100 shares.
The brokers are helping them all the way down.
Too bad, I was having dreams of AG doing a Gamestop style move, but that will never happen in pm’s.
Buygold
Gold back to where it was, yet the SM is just flying….look at Twatter up near 7 %…yet we know they have lost anyone who supports Trump etc, which is millions…..Twatter is clearly a Swamp darling