Silver Monitoring Thread £ (GBP) only.

[silversky]

One has to wonder how bad the next set of inflation numbers are going to be?  Oil at $120 a barrel can't be good...

There's a bit of desperation starting to creep into the controlled media narrative.  We've even got news anchors suggesting that buying Iranian oil might now be an option.   You couldn't make it up.

 

[Minimalist]

43 minutes ago, silversky said:

There's a bit of desperation starting to creep into the controlled media narrative.  We've even got news anchors suggesting that buying Iranian oil might now be an option.   You couldn't make it up.

When all metals and oil go past the all-time high the stock market will crash. Tbh, I am surprised how controlled Silver is given its price, its probably the most manipulated/shorted asset on earth I think.

[Rains]

59 minutes ago, Minimalist said:

When all metals and oil go past the all-time high the stock market will crash. Tbh, I am surprised how controlled Silver is given its price, its probably the most manipulated/shorted asset on earth I think.

I'm still learning about Metals but silver seems very cheap compared to gold and from what have learnt so far for ever 1 oz of gold made there are 8oz of silver 

[Minimalist]

2 hours ago, Rains said:

I'm still learning about Metals but silver seems very cheap compared to gold and from what have learnt so far for ever 1 oz of gold made there are 8oz of silver 

The price is controlled by Bankers (contracts). There is no gold market price (manufactures).

When the paper market (banks/futures) can leverage more contract claims on the existance of metals the price is entirely manipulated.

[ady]

interesting analysis!

[Rains]

1 hour ago, ady said:

interesting analysis!

What does he mean by buying futures ? is that where you own silver but its on paper not actual silver ?

Edited March 4, 2022 by Rains

[CANV]

yeah. you are effectively  just betting on the price.. but unlike spread betting you can buy puts and calls as well..   paying an upfront premium to buy or sell at a given rate at a future date.  options..

its a whole minefield of stuff..   

[HerefordBullyun]

21 minutes ago, CANV said:

yeah. you are effectively  just betting on the price.. but unlike spread betting you can buy puts and calls as well..   paying an upfront premium to buy or sell at a given rate at a future date.  options..

its a whole minefield of stuff..   

And one of the biggest cons in history...... suppressing metals prices through paper manipulation 

[CANV]

it is indeed true that the 'paper' markets for all commodities far exceed the actual value of the commodity markets themselves 

[silversky]

Anyone have any links to people chatting about the physical market?  Curious to know whether it's just paper shorts being closed, or whether there's a demand on delivery.

[Robda1986]

21 minutes ago, silversky said:

Anyone have any links to people chatting about the physical market?  Curious to know whether it's just paper shorts being closed, or whether there's a demand on delivery.

I've not seen a jump of 10% in physical prices yet so guessing it's just paper swapping hands 

[HerefordBullyun]

39 minutes ago, Robda1986 said:

I've not seen a jump of 10% in physical prices yet so guessing it's just paper swapping hands 

https://www.zerohedge.com/markets/metals-traders-hit-hundreds-millions-erroneous-margin-calls

[CANV]

im not sure what the possibility  is for a breakdown in paper to physical in metals. I dont think its ever happened in oil for example or foodstuffs.there are of course many systems in place to stop it, like market breakers where they just close the market while they get their s**** together..   but if it is ever going to happen the the conditions are somewhat favourable right now..  

Edited March 5, 2022 by CANV

[Minimalist]

1 minute ago, CANV said:

im not sure what the possibility  is for a breakdown in paper to physical in metals.

Bank of Gangster Settlements control this mechanism I think.

[Gruff]

7 hours ago, HerefordBullyun said:

https://www.zerohedge.com/markets/metals-traders-hit-hundreds-millions-erroneous-margin-calls

Good spot Bully. I bet it was a completely different reason, but the usual blame IT and a coding issue is a get out clause. "Oh queenie giving the peasants another day off near forced us into a force majeure!"   

[KevjustKev]

On 24/02/2022 at 09:23, tallthinkev said:

Selling my Queens Beasts now doesn't look too bad, or should I hold on til £47.23 an oz?

Got to be a better time now, it over a week now, still not £47.23 but a full set for £850?

[Rains]

17 hours ago, HerefordBullyun said:

And one of the biggest cons in history...... suppressing metals prices through paper manipulation 

can they carry on doing it or at one point will it Fail ?and if so would the physical silver not go up ?

[silversky]

Putin just abolished VAT on physical gold in Russia.

 

News is slowly creeping out into the English speaking media on this subject.  My understanding is that up until yesterday, gold was VAT free only as a paper investment, but for physical gold, individuals had to pay VAT.  Not sure if that was a margin scheme system or if it was on the whole value of the bullion, but it has apparently now been abolished on precious metals.  Not quite sure where silver sits in that.  I assume that more details will come out on kitco and zerohedge in the coming days.

https://www.txtreport.com/news/2022-03-04-vat-on-the-purchase-of-bullion-of-precious-metals-in-russia.S1Nx3dJbc.html

Edited March 5, 2022 by silversky
spelling

[HerefordBullyun]

1 minute ago, Rains said:

can they carry on doing it or at one point will it Fail ?and if so would the physical silver not go up ?

Theyve done it every week since the futures markets was created banks and bullion banks hate gold and silver, because they want to control the markets JP Morgan own a lot of silver physical. The banks take turns rigging the markets many have been charged for doing so through spoofing prices through manipulation, but they make money but shorting the market through paper shorts. 

https://www.sbcgold.com/blog/jig-big-banks-rigged-silver-price-fix/

https://www.bloomberg.com/news/articles/2016-12-08/deutsche-bank-records-alleged-to-show-banks-rigged-silver-prices

https://www.courthousenews.com/banks-accused-of-rigging-silver-market/

https://fortune.com/2020/09/30/spoofing-jp-morgan-cases-manipulation/

https://www.foxbusiness.com/markets/two-ex-bank-of-america-traders-accused-of-spoofing-found-guilty

Want anymore evidence?

Also the fines they get are minimal compared to the amount of times they been doing it they make money hand over first on the COMEX.

 

Andrew maguire first blew the whistle on the silver rigging and to this day its happening still

[Minimalist]

14 minutes ago, Rains said:

can they carry on doing it or at one point will it Fail ?and if so would the physical silver not go up ?

The Banks have the power over the price and essentially everything. Anything "paper" from mortgages, futures, you name it is all a scam. The only thing that can fail is paper agreements as the physical nature of Silver and Gold tangible.

The Financial system is an illusion and most people are sucked into the deception, more importantly the dollar.

Put it this way @Rains, stack metals, make sure you have it in your hand (possession), dont be deceived into companies promising to store it for you, never mind a futures contract.

The financial system is nothing more than a public/taxpayer-hostage slush fund, we are essentially bailing them out every single day through our labour. Its a joke.  

Edited March 5, 2022 by Minimalist

[Rains]

Thanks for the Links bully will have a good look later 👍

[Gruff]

1 minute ago, HerefordBullyun said:

Theyve done it every week since the futures markets was created banks and bullion banks hate gold and silver, because they want to control the markets JP Morgan own a lot of silver physical. The banks take turns rigging the markets many have been charged for doing so through spoofing prices through manipulation, but they make money but shorting the market through paper shorts. 

https://www.sbcgold.com/blog/jig-big-banks-rigged-silver-price-fix/

https://www.bloomberg.com/news/articles/2016-12-08/deutsche-bank-records-alleged-to-show-banks-rigged-silver-prices

https://www.courthousenews.com/banks-accused-of-rigging-silver-market/

https://fortune.com/2020/09/30/spoofing-jp-morgan-cases-manipulation/

https://www.foxbusiness.com/markets/two-ex-bank-of-america-traders-accused-of-spoofing-found-guilty

Want anymore evidence?

Also the fines they get are minimal compared to the amount of times they been doing it they make money hand over first on the COMEX.

 

Andrew maguire first blew the whistle on the silver rigging and to this day its happening still

Ooof that is a young looking Andrew Maguire!  

But spot on there Bully.  Also worth noting, the reason or one of the reasons they aspire to hate PMs is that it shows up what a ponzi scheme FIAT currency really is. If you look at how little inflation there was when gold and silver was used as money. Then once they abolished the silver standard in the late 1800's and then the gold standard in the 70's, it's been a race to the bottom to debase the global "super powers" currencies.

[Minimalist]

£19.50 right now is absolutely disgraceful, a complete crime against humanity - these Bankers should be brought forward into the Hague.

[HerefordBullyun]

4 minutes ago, Gruff said:

Ooof that is a young looking Andrew Maguire!  
 

Id be aged as much him in the knowledge he knows in the rigging the market. Hes scratching the surface in what goes on really...

[Minimalist]

4 minutes ago, HerefordBullyun said:

Id be aged as much him in the knowledge he knows in the rigging the market. Hes scratching the surface in what goes on really...

Whats the point though? Bart Chilton done nothing, the laws protected the Banks when he was investigating them. What is honestly the point in all of this. Its a crime against humanity. We are forced into stacking because of a bunch of sc*m.