Loading ...thirty dollar silver by noon?
i wouldn’t bet against it.
Popular Narrative: The Reddit/Robinhood mob (RRM) has declared war on hedge fund biggies, and so far the smart money has been getting its butt kicked. Reality: The damage so far is just a mosquito bite on the behind of hedge fund elephants like Steven A. Cohen, and the Reddit mob a five-year-old who has discovered where Daddy keep the matches.
Hopefully this one got to the right place. 🙂
When a market opens with a strong gap up or down, many times a brokerage house is liquidating positions on which margin calls have not been met. Silver markets are the most shorted metals market. Palladium is another market in which the shorts were fried.
A bull raid on the shorts here could send physical silver in orbit unless the CFTC steps in like the Hunt brothers fiasco in the 1980’s.
rno
Listen to some truth about the manufactured Covid crisis, and your limited future after receiving the “vaccine”.
Strong gap up on early hours trading. I might leave a big gap on the weekly. Looks like $34-$36 may be the next stop.
rno
Silver is definitely out performing Gold Silver up 25% in the past 3 months.
https://finviz.com/futures_charts.ashx?t=METALS&p=d1
On the 18 month view, Gold up 24% Silver up 63%. Palladium up 39%. Copper up 28%.
Spot and Futures opened 6+% or so. Not too dramatic. SM is next up in the morning. Getting that ole 1980 tingle again. GL Traders.
Another thought here. The Fed has been keeping rates low to support the stock market. Rates really can’t go much lower. I assume if there were never any people that have a habit of shorting, (head winds) prices would probably be higher.
So, if this latest news event fiasco lowers or inhibits the population of short players, (less head wind) it should help the Fed’s support of the stock market when they can’t lower rates anymore.
Plus they keep saying they want inflation. So the Bozo Bankers and others that constantly like to short the precious metals, if they start backing off too and covering shorts, and PMs go thru the roof, that should help the public have some inflationary phycology. The Fed keeps saying they want some inflation.
By the way. I went to Gun Broker dot com to check Ammo prices. Go look, its crazy. 25-06, 30-06, anywhere from $2/rd to $4/rd depending on the maker and the quantity being bought. .223 $1 to $2 a round, Expensive Federal Ammo I saw$2.90/rd for .223. Pretty much everything is over a $1, even 9mm.
can shut down silver futures trading based on certain contract price changes
probably stocks would then also be suspended? we will see.
aurum
I will take no answer to be affirmative.
As I mentioned have a position in PSLV. But I have long held a position in CEF sometimes more sometimes less. Perhaps I have been fooled, but I have come to trust the Sprott products.
I am surprised you can’t find a work around. Setting up a foreign account for example but makes accounting and tax issues. Why are they banned? Baffling.
aurum
added: I prefer to pick my own stocks because of charting technicals and also I worry about geographic risk.
Putin and Macron Differ at Davos…..20 minutes
“Everyone Is Afraid Ahead Of The Open” – Reddit-Raiders Spark Nationwide Physical Silver Shortage
https://www.zerohedge.com/markets/reddit-preparing-unleash-worlds-biggest-short-squeeze-silver
A tolerant country needs tolerant databases…
I think it’s probably fair to say, that many of the worst beatings we have all had, is from individual stox, diversification should be a byword in PM stox investing.
The Sprott juniors gives u a peaceful night sleep, while being exposed to a good selection of the wildest stox around, if metal prices really take off….and if 1 or two blow up, it’s not the end of the world.
Here in the UK/EU, we are banned from buying it …which really grates.
