SPGfuntime

13 hours ago, HawkHybrid said:

 

so is keith neumeyers figures made up or are thesilverinstitutes figures correct?

because they are the same figures.

 

HH

Keith neumeyers said basically that because of Covid there is little down of demand for silver in comparation with years before, but also said that demand is rose by industrial demand. Also he asked where silver will come from if miners lower supply and demand growing? But question should be does supply only coming from miners or traders also targeting existing holders with lowering price of silver and earning on difference? Basiclly there are 2 questions 1. Really supply and demand and 2. Artificial supply and demand produced by high frequency traders, COMEX etc..as there are computers and electricity this 2 can be different instead of same!  

6 hours ago, HawkHybrid said:

keith neumeyer twitter 'We're consuming 1Boz of silver per year.'

thesilverinstitute figures for total demand are ~ 1 billion toz for each of the years 2012-2019.

keith neumeyer needs to decide whether his own figures are made up or

that that both figures(both are close enough) are correct.

 

HH

When they choke economy by covid situation they also probably choke some of silver demand like everything else. 

Melvin Capital asking again to be f**d, they added 5.5mio of Puts

2 hours ago, Bumble said:

Gold will probably do better if price inflation starts to pick up, because the central banks will almost certainly keep interest rates low.

Lol "if inflation starts pick up" ahahaha. Similar to this you have also a bunch of PM "experts", especial silver youtube "experts" who keep saying, if silver go up much in value, it s not world you want to live! Hm.. did you notice, it s only said for silver!!? Everything else can go up 1000 times, but if silver go, it will be end of world, lol ahaha! So it s just pointing where the really value is, in PM! Back to "if inflation starts pick up"?! Man look at USA stock exchange, you have hyperinflation already there!! Only better than NYSE is Zimbabwe stock exchange, because they start before with hyperinflation haha.   

2 hours ago, Stacktastic said:

And look who miraculously appears on Kitco yesterday HSBC. Cant say I understand much of how price is manipulated, but I smell BS or at the very least a well worded speech as he would clearly have the banks interests at heart.. But you can take a lot from this as there is a lot of useful info. 

10.59 "don't look at any one event" Looks down to the right (classic micro expression). 

One comment below the video makes a lot of sense: "Not sure why so many of us are upset. Because of their manipulation we were able to buy gold (hsbc) and silver (jp morgan) below its true value". This guy has a point here, assuming that prices will explode from time to time (allowing us to sell for profit), probably when they need to mind you. It still tracks inflation so acts as a nice bank account. 

 

This man is full of sh*! Give Indians and Chines more offer of this 10g, 50g, 100g gold bars and you will see what will happen! They reduce offer there and accuse EU and Us that we buy a lot! And to us, they accuse Asians that they taking 50% of world gold! What a bullshit...And he forgot even if that s true, there is second PM, silver, so his story do not hold water at all! So obviously they short radically offer for retail in Asia, in Europe you wait a lot, just wondering how US handling. They probably want first to take more paper money from exploding stock market for buying much more PM and other stuff on low prices, but wondering how their physical offer is there, probably shrinking also, hm..

I ve bought today too, pity did not have more clear time for analyze of buying for this days but ok, took few things which wanted from before..now popcorn and watch freak show where to go lol!

Very probably, wall street is disconnected from real world long time ago, they have their algorithms haha, so nothing unusual.You will get different value for your PM in most of world than wall street saying, so who cares what they show in fake paper money. They can show 0$ or 10000$ no important at all as you get your value on street.That s advantage when you get physical over paper gold or silver ;-). You can easily see that in Venezuela, Lebanon as extreme, but also in rest of world :-)

Inflation in USA is already moving and this is only what is official.  They need to do something urgent and it seems like they do not even care at all;

https://wgme.com/news/coronavirus/grocery-store-prices-have-skyrocketed-amid-coronavirus-pandemic

"Grocery store prices are increasing. From February to June, meat and poultry prices rose nearly 11 percent. Beef and veal prices increased 20-percent. Egg prices are up 10-percent, and cereals and fresh vegetables are up 4-percent."

13 hours ago, DarkChameleon said:

$28.50....wow..anyone see $30 by the end of next week?...had to re-evaluate my treasure chest of goodies at $25.000

Nice!! How much oz in that chest?

18 hours ago, Witcher said:

yeah, this morning the price is back up to $140. 
I took a gamble...  as I know they end their special sale at midnight...  I do plan to eventually sell or trade one.
I don't see any "deals" at the moment. 
I also do not believe that we will see too many "deals" because of the uncertainty. 
I am no expert, but it does appear that the price is at a platform right now hovering around the $24.50/oz silver and $1980/oz gold mark as if it's waiting for something. 
That something, I feel, will be a spike because I am not hearing any good "news", since corrupt people are still running the show. 
Some people might want that, yet some people, like me, don't mind the price going down if we are in the buying mood. 

If it s important to you paper money value of your PM (usually is if you do not have it physical) than take on mind that sentiment drive algorithms are heavily used today, so much that they become easily predict as a pattern. Also some of time is need it for more input for sentiment drive algorithms..In case of physical owning of your PM is not so important, infect in most countries of world it has much different value than official..even in US etc., can happen that on bigger buying they start to add some more fees so it would not be price which is advert... Bottom line sentiment is very important for paper money express of PM value..

22 hours ago, Russell said:

Because it is not silver they are watching it is Gold and they don't want it to stay above $2000.  silver is simply following gold so when they hit gold with massive paper sell orders to smash it silver instantly follows the gold drop.  The gold price is killing the dollar and that is a spike in the heart of MMT and the FED policies.

"1913 is when the Federal Reserve, which is actually a privately-owned central bank, took over the US banking system. As you can see, it's been pretty much downhill since the Fed took over. In fact, the dollar has lost over 96% of its value"

On another hand PM is always PM, infect stackers, if they must, mostly will use PM for exchange with goods, not paper money, and in really worst case scenario PM can play some kind role against devaluation also as replacement for paper money. In this case, it s not important how much PM is in paper money. So question is, how FED and rest will manage to balance all this...

And you are talking about devaluation process what have a lot sense I know as there is a lot of that now around..

Well ok you Americans are masters of finance, so would not worry, just say maybe in this moment I am not too comfortable with $. I am more classical staker, and this small amount I ve just buy for speculation purpose and not intention to do that more. With my luck that will be bad move but what a heck. If I gain small profit if silver go much up if not leave as a hedge. From this you can easily see I am 4th type of investors - those who mostly use pm as a some kind of hedge on worries of fiat. Bond and cash could be good for devaluation purpose, pm for inflator purpose. I have specialization in finance so I imagine I know something, but market will usually tell you do not know anything haha.

By the way about $ what you wrote, that I am dealer I probably would not accept selling pm for $, why anybody would sell pm for huge fresh printed $. Euros and GBP are still not so much printed but can happen like in 2008 that go massive exchange of $ for Euros and yens so it can be come compromise also, but somehow to me look like better Euros or GBP..

39 minutes ago, Kman said:

Yeah I've gone for it, I think it's a mistake though

Should wait to see what the dollars going to do, it's stuck between 93.65-94

The best thing to do would probably be be wait for silver over $24 and dollar fall below 93.65

I've set a very tight stop loss now it's up a little, will only lose $2.90 so it's a low risk trade 

Well I wait for drop also and went on tea this morning just when it happened ( I know I drink tea also ahaha ).This will be classic huge noob mistake to buy now, but what a hell can risk 1000Eur, if by some miracle happen to profit even better, but probably losing. Anyway this 1000 eur will be in speculation purpose, the rest of stack will be in stack for next 100 years haha...