Have you recently received a notice from your broker telling you they can/will lend out your shares if you do not notify them that you will not allow it?? I/we have two brokers and both have recently sent out a similar notice which was, I believe, discussed here on this forum. So investors have been notified, but does that make it legal? Probably!
GDX plus 2.6 %………Au plus 3.4 %
Those Algo’s are gonna cost their owners way more than they ever made……
@goldielocks re MP That’s the old Moly Corp in a western state
The chart looks ok, but I’m sticking with my Gold miners, AGI DRD SAND IAG ORLA
No second amendment there
At the University of Amsterdam, Jihadists beat students with sticks.
Europe is committing suicide.
silverngold
The certificates should be with the Buyer/his broker….that they maybe aren’t just makes life more difficult and should be policed properly.
Mix match
Dollar down a little bit for what it’s worth 50-200 MA made a death cross today. Yields and SM correlation to where there gonna put their money. Gold still doing well but near multi year top.
Mr Copper MP anticipated pull back yesterday took the one day gains but failed to fill the gap and moved up today but sold off more than half. This is a time I don’t like to trade but if anything add any longs Divi speaking on the next support levels less it’s clear it’s still headed lower. With SM it could be.
Maddog, Thanks! But I disagree about the certificates are with a new buyer now.
IMO the only time that would happen is if the new buyer requested a certificate for his purchased shares and the broker delivered it to the new buyer, and that almost never happens now in this world of PC day/swing traders. Otherwise those shares are held in your brokers account and are the property of your broker until he receives instructions from you to sell them.
Buygold
Selling the PM stox, as soon as the SM dips will also be non starter, once dividends really crank up…..
silver’ngold
No you miss a trick, the sale was made to a new buyer..he has the Certs now….the borrowed shares have still to be returned to Blackrock….hence the short not covered.
but that is somewhat academic ..as the SEC do not enforce the short seller delivering the shares…..so I don’t think they even bother to Borrow the shares and that would also cost, so they save that cost as well.
Where the shorts are in trouble, is when they have to pay the dividend to the buyers and when the dividend is huge , as they will be this quarter, with the shares going against them…it should be game over…..they will be short covering into a mkt of no sellers, just more buyers looking for the Dividend…..
Maddog @ 8:00 You asked….. “how did they cover all those shorts…or have they”….
IMO they are NOT shorts! They are your shares, borrowed from your broker’s account by BlackRock to make the short legal….and then returned to your brokers account. All perfectly legal, and since they possessed the borrowed shares when they made the short there is no need to cover anything. That is what I think!
Is this possible???
amals
re yr question…..as u know what the risks are with Banks and government issued fiat, which then technically includes Treasuries….the only choice I see is buying Exxon stock and taking the share certs home…..or a similar blue chip.
Tough for the shares to fight the tape
Especially as the volume tapers off. What do ya do?
Cannabis Stocks are all up today. Huh?? So I researched it and found whats below.
Cannabis stocks are experiencing gains today, April 16, 2025, primarily due to the upcoming 4/20 holiday, which is a significant sales event for the industry. Retailers and brands are launching targeted promotions and marketing campaigns to maximize return on investment during this period. These initiatives include product bundling, first-time buyer incentives, and community-focused events, aiming to attract a broader customer base and boost sales .MJBizDaily
Additionally, there’s a shift in marketing strategies within the cannabis industry. Companies are moving away from traditional “stoner” stereotypes and are focusing on diversification and expansion to reach new consumers. This approach is intended to appeal to a wider audience and enhance brand image, potentially contributing to increased investor confidence .Green Market Report
While broader U.S. markets are experiencing declines today, the cannabis sector’s proactive measures ahead of 4/20 and evolving marketing strategies are likely contributing to the positive movement in cannabis stock prices.
Buygold
I think we were up $100 once or twice recently. I’m looking forward to up $200+ days!
Ipso, Captain
Ipso – unbelievable! Have we ever seen that before?
Captain – No worries. We’ll see what happens.
@Buygold re Your Daily Updates, Thank You
I read them every day, they are great, and they save me the time it takes to evaluate all your info, keep up the good work.
This is crazy action
Me likey, it feels like we’re in outer space.
Buygold @ 10:50
Ya that was harsh but it’s true.
This is a higher degree event than the 2000 – 2002 dotcom bust … where silver lagged for years for exactly the same reason.
And there are a lot of U-tubers out there right now making a living at herding people into the no-brainer trade in silver with the GRS at 100 who have never been through such an event … at least not consciously.
Silver should get dragged higher by gold (like today) – but it will not lead for a while.
Let’s hope it gets remonetized by the public at some point. Officialdom will never do that as long as they are trying to install a digital gulag.
It’s like the copper guys who think it can do well with a depression coming.
That horse’s ass who runs Barrick is in for a rude awakening at some point.
Sorry if I offended you
Thanks Captain
I can always count on you for some kind of condescending, A-hole remark because after all, you know everything.
Seems like you’ve flip-flopped again on your position regarding silver, which isn’t a surprise because that’s what guru’s do when they’re wrong, they just move the goalposts.
Who knows, maybe you’ll be right this time around.
Question about CASH, for any and all…
With all the turmoil and all the uncertainties in the world and in the markets–all the markets–what would you do with a sizable chunk of cash that you had no immediate need for, but would expect to have need for eventually? PM’s and PM stocks aside, what would be your other choices? Would you invest in any other sector? Would you buy other hard assets? Would you buy T-bills or other government debt? CD’s? A simple savings account? Just stash it somewhere? Safety is paramount in this situation; you want the money to be there when you need it and are less concerned with interest or growth.
I discovered recently that money you put in the bank becomes a bank asset; you cede control of it to the bank. Essentially, you have an IOU that they’ll give it back when you want it. If they’ve got it. Banks fail. Another thing I discovered is that the FDIC insurance fund is a minuscule percentage of the total amount of deposits; it would fail quickly in a major bank run. I suppose the government would step in and do something quickly to create liquidity, and they’d probably just print more money to cover FDIC’s failure. But what would those dollars be worth? Maybe they’d revalue. New dollars; turn in your old ones. Seems there is nothing truly safe. What would you do with cash now?
Buygold @ 10:05
You are delusional … silver has been branded an industrial metal and for this reason it will lag for as long as the stock market is going down … which could be years.
Gold on the other hand is the monetary metal – a Teir One Asset that will receive all the flows from T-bonds (the other Teir One Asset) – and will continue to be accumulated by central banks who can just print the currency to buy it or sell bonds – think China.
The public is broke so don’t expect them to buy.
The GSR is going much higher.
Anybody who says different is delusional.