OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Against the third straight day of a rising USD.

Hopefully both shorts and longs got blown out yesterday, but shorts need more room to get out of SLV today. 🙂

US Mint Warns It Can’t Meet “Surging Demand” For Silver & Gold

https://www.zerohedge.com/commodities/us-mint-warns-it-cant-meet-surging-demand-silver-gold

According to the FT, retail investors bought $ 93 million of SLV on Monday, that is as near as dammit at $ 29.00/Oz….100 tonnes of Silver, that SLV a poxy Fall st ETF, found with no problem….yet the the US Mint, ie the US Government is struggling to find any…..

Maybe the SEC might like to dial out of PornHub and have a look see at what the hell is going on here…..or maybe they will just listen to the CFTC, who apparently saw nothing special to comment on in the silver mkt recently…after all watching PornHub, while waiting for Citadel to call, with a job offer, is so much easier.

Pretty Tired of Stupid Democrats

I’m in a higher support with silver. We could see a move up “ or not” then get pulled back down in another wave.

A post on Zero……

So all the people on CNBC could talk about the last week or so, non stop, is WSB and GME, AMC, etc. So when supposedly they were going to try their hand at short squeezing silver you would have thought that they would talk about this non-stop. But all day Monday, …..barely a mention. Like they were told not to talk about it in the same way they have obviously been told to never talk about PPT. Very odd…..

Aspen Gold in the Animas
https://railpictures.net/photo/746909/

Individual prices offered on eBay.  Free market price.

Gapped up in after hours and is against the high moving average, the last moving average resistance. The remaining moving averages are now support.

rno

I went into my local coin shop this afternoon to sell one of my 100 oz. silver bars. Silver was at $26.32 and they gave me $28/oz.

Agree with everyone’s viewpoints about the manipulation. Don’t know what will change it, but we’ll keep trukin’ along…..

The little guys have to learn if they want to try to make a difference to stay away from the ETFs and even future in the PMs.
ETFs are not only more expensive at tax time they’re the most manipulated. They could even pull a reverse split out of their hat at a moments notice or even delist.
If they want to challenge the market they should do it with a few REAL PM stocks that are producers and stay away from futures or get in early plus the chosen stocks. They can just go from one or two to the next down the line or just stay with a few to a high target then use the money to buy the phyzz and bypass the futures games.

Of course they’re going to raise margins to pull the reins on it. I just hope that a lot of young ones picked up some silver coins before premiums went to high and hold on to them. It has to be a global move to make a real difference like Bitcoin. Otherwise it will stay a catalyst move and hope they learn to start stacking and how to recognize market manipulation moves. I’ve never seen or noticed premiums on physical that high before so can only guess the halt then high premiums were covering their shorts. That looked worse than what happen when silver got about 50 last time except by then margins again were going up. This time they jumped right in with such a small move. Guessing they thought it was a small group of people and small amounts.
I knew AMC was still in play for a bit and read today Mark Cuban was playing cheerleader telling them to hold. I just hope he didn’t move in to use it to sell.

Silver is probably a buy here late Tuesday. Premiums and margins are prohibitive for the little guy so the big guys may be loading up.

rno

G&S…which featured almost NO bounce…Also typical of PMs is going from insanely bullish with dozens of PM traders, the Robinhood types  and most letter writers declaring this was “it” [with big price targets] to comatose…O, well, mañana is another day…

I’ve tried, Lord knows I’ve tried…sigh…

The Rig is busy now bidding it all back up….it really does run 24/7.

As bad as the action is for our wallets and for the near term future of our wallets. What has just occurred is pretty momentous, to say the least.

For ages anyone who talked about rigging by the Fed in the mkts, was accused of being a lunatic, not all there etc. and quietly dismissed, while the adults got on with running the show. That is no longer the case, indeed the entire arguement has reversed, if you do not accept that the Fed is Rigging all the main mkts 24/7, then you are the one that is off with the fairies, pretty much barking mad and therefore no longer worthy of managing anyones money.

This also means that those who say the stock mkt has been blown up to ridiculous levels, by the Feds constant nudging/rigging, whenever it looked weak, are right. That every one of the FAANGS, is an accident waiting to happen, as the entire mkt is nothing but a Rigged congame, that sits atop nothing but fake foundations, holding up fake valuations, only held together by the contortions of the Rig. Valuations of the likes of Tesla are clearly insane, as is TWTR or FB and only those who are part of the Rig, will defend such insanity.

Once the scales fall from peoples eyes they will question, why Rates are so low, are they too artificial, answer yes, held down to benefit the MMT, Magic Money Tree and steer all savings towards the Rigged stock market, but killing savers and pensions, in other words yet another middle class rip off by the Swamp……

The scum may have scored a quick hit on the Reddit crowd, but they had to come out of the shadows to do it, thus proving that they do exist and now we all can see that, we can also see that their entire construct is false and thus the last place anyone should put their savings.No-one truly awake can have any confidence in anything being purveyed by any mainstream financial organisation or any of their touts ….todays victory is epically Pyrrhic.

Totally different and much bigger group than the Reddit/WSB guys were taking on instead of a few Hedge Funds. One more time it just shows though, even with GME just how corrupt these markets really are and how they are geared to rape the retail investors.

I wonder now if the stocks like AG, FSM and MUX will all go right back to where they started, SLV too.

The writing was kind of on the wall when gold and the large cap gold stocks never really got moving with silver.

I’m so suspicious about everything, that one of my ideas long ago, if I were a banker and there is a shortage of gold or silver they need for obligations, and or delivery, the bankers simply raise the paper prices, (bribery) so people turn in physical scrap jewelry or other forms, like coins etc to redemption centers like jewelry stores. Form jewelry stores the stuff goes to the smelters for Comex or banks to acquire physical supply. Even if it costs them money. They can’t care what anything costs. They literally MAKE money and GET money. LOL

The CME Group is raising margins on Comex silver futures by 18% after futures surged to an eight-year high, the exchange said in a statement.

Margins will rise to $16,500 per contract from $14,000, effective Feb. 2, according to the exchange. The decision is based on “the normal review of market volatility to ensure adequate collateral coverage,” it said in a statement.

The action you referred to is usually short positions getting out. The silver market yesterday was the same. Hopefully today has new longs getting in rather than old shorts getting out.

Both are at the first level of support at the exponential moving average and the high moving average. Let’s hope it holds here.

rno

I have never seen anything like that in such big scale in my life time. I’ve seen it (crazy charts) occasionally on a smaller scale lately, but yesterday really takes the cake. I find it hard to believe, people (or machines?) were paying 25% to 50% more than the prior day for a stock.

https://finance.yahoo.com/news/eskay-mining-drills-35-5-145800610.html

A few more investors who want to “play the markets” will begin to understand that it’s one thing to take on a few hedge funds, but a completely different matter to take on the scum Cartel.

Like playing against the Varsity rather than the JV reserve team…..