Looks like some selling at the August highs around $30. The big gap is still active. Apmex is suddenly out of silver.
rno
Looks like some selling at the August highs around $30. The big gap is still active. Apmex is suddenly out of silver.
rno
when the Chinese are ready to do it ..! NY are nothing but shorts all the time because thats where the most money is mad the fastest .When sentiment is 90 % thats their signal to pivit.
These are good times to get rid of the ones that pissed us off the most. But, the bottom line is the metal prices. That the whole bet. I might dump my palladium play SBSW, because its acting too sluggish, and I think part African, I don’t like Indonesia either, they harassed FCX on occasion when I was on it.
Despite mega openings in many shares, scum closed the first hour on the lows of most shares, some even like NEM or SSRM, which they love to ruin, banged back to unch or near…..thus making the first hrly bars all look like crap.
Oh Look Nem is now down on the day…no doubt letting all the shorts know they have their backs covered…..IE todays rally just a better short oportunity.
Re Ackerman and Hunt
Hunt used Comex and Margin…..he also ran a group of mainly ME investors, they were all super wealthy, tks to the Oil explosion in the 70’s.
He made his money in Libya, where he bought the rights to an area to explore, which turned out to be the biggest field in Libya….he then did a deal with BP and split it 50/50 %, they did all the exploration and extraction, if anything was found…..he did jack apart from growing vegetables on his roof in Benghazi, to sell to his wife….While he was out there where he met all the other members of his group around the ME.
When he decided to corner silver, he went to all those fellow Oil millionaires/billionaires and they joined in…the rest as they say is history…but they also took on Gold…but it was all on margin….. when they put his margins upto 100 % o/n he couldn’t pay himself and couldn’t get the money in time from the other members of the group, as they were all over the place and communications were terrible, plus their money was tied up etc…..plus they also were really pissed and shocked that the deal had changed…..So Crimex/his brokers closed them all out, as the call had not been met….
If he had told them they might need to go 100 % well before….they could easily have paid up…..the WSB crowd are going all physical, Ackerman is wrong…..plus when Hunt started there were no monster shorts, built up over decades…..
It’s too bad they’ll see very little additional development since they don’t have the funds or expertise to advance new projects.
I don’t invest in the “Stans” because they are always changing their agreements.
That there is more evidence of Globalization in reverse gear since the 2008 crash. Very slowly one by one…..
“What You Were Getting Away With Something For A Long Time You Better Stop”
I posted this soon after Bernie Madoff got nailed with that crash. That era was the beginning of the end of globalization. Think about so many things went into reverse. Even Trump was a reverse of all shitty anti American do nothing ass kissing presidents we had. We could say 9/11 caused 2008. So its a very slow transition going on.
And the stopping of illegal immigrants was one. Seems like the shorters, the Fed and the entire global influences can’t get away with things anymore.
@Happy Mining Guys, you too Goldilocks 🙂
Check out high volume bars three days ago:
SLV https://schrts.co/EkfnNhsa
https://finviz.com/quote.ashx?t=slv&ty=c&ta=1&p=d
Kyrgyzstan on Friday banned foreign companies from future large mining projects, although existing licenses are unaffected, in the first major order by its new president.
The economy of the Central Asian nation relies heavily on gold mining, particularly after two other sources of wealth – trade with neighbouring China and remittances from migrant labourers working in Russia – were hit by the covid-19 pandemic.
SIGN UP FOR THE PRECIOUS METALS DIGEST
Kyrgyz President Sadyr Japarov, who was inaugurated on Thursday, signed the order which only allows the development of “subsoil areas of national importance” by a state-owned company.
https://www.mining.com/web/kyrgyzstan-bans-foreign-companies-from-future-mining-projects/
Medical Tyranny: CDC Announces All Travelers Must Wear Two Masks, Threatens Arrest
Bend over you silver shorting bastards!
Roxgold Returns High Grade Intercepts Within New Prospect at Boussoura as Drill Program Continues to Expand Mineralized Footprint
https://finance.yahoo.com/news/roxgold-returns-high-grade-intercepts-093000483.html
Vizsla Drills 10,019 g/t AgEq Over 0.43 M Within 1,909 G/t AgEq Over 2.42 M to Double Depth of Napoleon Discovery
https://finance.yahoo.com/news/manulife-announces-resignation-rona-ambrose-211500469.html
Mako Mining Commences Processing of Stockpiled Material at San Albino, Announces a 50,000 Meter Drilling Program, Appoints a New Chief Financial Officer and Signs a Definitive Agreement to Sell its Mexican Operations
https://finance.yahoo.com/news/cognetivity-neurosciences-ground-breaking-monitoring-140000323.html
Karora Intersects 19.0 g/t Gold Over 9.0 metres including 542 g/t over 0.3 metres with Visible Gold Mineralization Observed in Larkin Zone Drill Core at Beta Hunt
https://finance.yahoo.com/news/more-one-quarter-small-firms-110000173.html
New Placer Dome Gold Corp. Drills 25.9 Metres of 0.92 G/t Gold Oxide, Within a Broader Zone of 97.5 Metres Averaging 0.41 G/t, at its Bolo Gold-Silver Project, Nevada
https://finance.yahoo.com/news/placer-dome-gold-corp-drills-130000121.html
New Found Files Form 20-F with Intention to List on the NYSE American
https://finance.yahoo.com/news/found-files-form-20-f-130000910.html
Gold Standard Ventures Plan of Operations Ruled Complete by Bureau of Land Management
https://finance.yahoo.com/news/gold-standard-ventures-plan-operations-123000105.html
I dunno. Some sort of glitch I guess.
🙂
Excellent!
Looks like we’ll have a decent day. 🙂
Luckily I have been sitting some of that.
up 36% premarket !!
FSM up 27% !!
I didn’t think they had the numbers. Maybe some other hedge funds smelled blood in the water and have joined the fray?
wpm 12 %
Lets see if this WSG/Reddit move has legs …..
Lots of dealers have “pulled” their inventory
Things have been “sold out” for a while, wonder if this move was “telegraphed”
Winedoc
I cleared all cookies/history and it let me back on……
Yr web designer has some kind of random bot that checks to see if yr a bot…if u ignore it and reopen the page, it forgets…but if u try to fill in the request form and u get it wrong, u get booted……..least that is what I think it does.
It’s gonna take a lot to take down the Pm shorts. I wonder how long the attention span it of these new players will be, They’re now focused on SlV they are or were in a few others like Ag , it looks like but the GBugs know there’s a whole lot more stocks out there that will be driven up with them if it continues. The target they want 1000 won’t happen over night lol so will be interesting to see where this goes.
Try again, Maddog did you check your spam and junk mail? You probably did but thought I’d mention it. Had to repost this I’ll see what happens looks like this site was hit by a bug or something.