Silver squeeze

[sixgun]

 

[sixgun]

[sixgun]

You need to have watched all the videos involved in the #silversqueeze and know the characters, this is so funny.

 

[Stacktastic]

On 11/05/2021 at 16:03, sixgun said:

It is a death by a thousand cuts.

Maybe its my lack of understanding, but I cant see many cuts taking place?
Its at the same level it was last month. Its lower than it was before the first Squeeze. 

Thanks for the links btw.

Edited May 14, 2021 by Stacktastic

[sixgun]

11 minutes ago, Stacktastic said:

Maybe its my lack of understanding, but I cant see many cuts taking place?
Its at the same level it was last month. 

What i am talking about isn't in the silver chart. Their system will have broken when it does.

The price of metal can and will be manipulated until there is no metal to sell at the rigged prices.
Breaking the current price manipulation means removing the physical from the control of the cabal. i posted showing that the SLV and LBMA lied about how much silver they had. They vastly inflated the amount to prevent a panic. This came about b/c of #silversqueeze. The LBMA has admitted the social media frenzy pushed their Ponzi system to the limit and nearly broke it. They had to lie to cover - they had no other way around the physical demands but to pretend they had a lot more.

Wall Street Silver now has 78.5k members - it grows everyday. This is getting a lot more coordinated now. It isn't a bunch of spotty faced kids with a pocket full of coins. 
For example WSS has transformed the Sprott PSLV silver trust - it now has more silver than the COMEX registered category.

You clearly don't believe / follow the significance of what is happening behind the scenes - the chart looks about the same so everything must be the same. 

[Roy]

14 minutes ago, sixgun said:

The price of metal can and will be manipulated until there is no metal to sell at the rigged prices.

 

15 minutes ago, sixgun said:

i posted showing that the SLV and LBMA lied about how much silver they had.

Do they actually need physical silver? If people believe they have it, isn't that enough?

[Stacktastic]

8 minutes ago, Roy said:

 

Do they actually need physical silver? If people believe they have it, isn't that enough?

This is what I was thinking? 

Bit like the Corona Virus 😛

24 minutes ago, sixgun said:

The price of metal can and will be manipulated until there is no metal to sell at the rigged prices.

Right got you. Sorry I dont understand how the comet works, where its based or how it operates, hence my confusion. 

Edited May 14, 2021 by Stacktastic

[sixgun]

3 minutes ago, Roy said:

 

Do they actually need physical silver? If people believe they have it, isn't that enough?

This is why they lie. They lie to make people believe there is plenty of silver, no shortages, no chance of missing out, no chance a manufacturer will run short of supplies.

As long as they can keep enough people on the paper side of silver and away from physical it can and has worked. They can cycle price up and down, smashing price as they like, driving down morale amongst investors. They've done it for years. It all works as long as there is enough physical for those they cannot fob off. Once enough people start taking physical out of their system, once the actual level of actual physical in the inventories get exposed - then there is trouble for the price rigging cabal. The physical market then take over - they lose control b/c no longer do they have physical to dump into the physical market. They lose control over silver and this will spread to gold. 

[sixgun]

6 minutes ago, Stacktastic said:

Right got you. Sorry I dont understand how the comet works, where its based or how it operates, hence my confusion. 

The COMEX is the Commodities (and Futures) Exchange.

It is a division of the Chicago Mercantile Exchange (CME).

This is where futures contracts are traded. People buy and sell contracts based on what they think will happen to the price of whatever it is. 
The COMEX has actually been setting the second by second price of gold and silver since the 1970's. COMEX precious metal futures trading was set up to keep Americans away from actual physical gold. This came out in one of Wikileaks data dumps. Americans are prohibited from dealing on the spot market in London.
The banks can manipulate price by selling millions of ounces of metal in seconds to minutes. This is how price can and does fall off a cliff. They rinse out other traders and then cover their shorts for profit. At the same time as making profits they keep precious metal prices suppressed. This is what the likes of the Federal Reserve has wanted and as they are doing the bidding of the central planners the banks 'can get away with murder.'

These millions of ounces of metal do not exist. The banks sell metal they don't have. Metal that doesn't and couldn't exist in the amounts traded. There can be no fair price discovery. This hits the small investor who wants to save in metal and it hits the miners who don't get the prices they deserve. Some of the banks have built up very large short positions - when price goes up a lot it get very costly. It could blow some of them up. Bullion banks selling unallocated metal haven't had the metal. They take the money, pretend there is metal in the vaults, even charge for vaulting and insurance - when there never was any metal in the first place. Hundreds of millions of ounces of metal that doesn't exist. The banks have taken the money and used it elsewhere. It is a massive scam. If enough demand their metal they are exposed - as Perth Mint was expose, as ABC Bullion in Australia was exposed, as Kitco in Canada got caught out. All the bullion banks have been at it as well. If people take their money (they won't get the metal) and then buy physical this will cause the massive unallocated scam to collapse. It will collapse the whole thing b/c there are 100's of ounces of paper for actual physical.

This system of paper manipulation can only work as long as there is enough physical to keep the minority who actually need metal happy. If they can manage that it can go on and on and on - which is what has been happening. The fly in the ointment is when the physical available gets drained. This is what #silversqueeze is about. Draining physical out of the system. Switching from SLV which pretends it is buying and vaulting physical to Sprott PSLV which is buying and vaulting physical. Investing in the likes of Kinesis which is developing a precious metal monetary system. Stacking your own physical. Pulling millions of ounces out of the hands of the cabal. Week after week after week. Grinding them down. Death by a thousand cuts.

[Spark268]

Of all the silver that's ever been mined, there's no more than 1oz per person in the world. However it's just not popular and hasn't been since the demonitisation.

That's the problem:- the newer generations see no value in it. 78k apes + 15k silver forum members is a drop on in the ocean.

The lack of financial education and antipathy amongst the public towards the PGMs is a far bigger problem than the futures price manipulation.

Of course, imparting this education would probably signal the end of wall Street and the financial chicanery that occurs there. Good riddance!

Sadly, poorly written articles, such as this one in Today's FT  Could real money stack up as an inflation hedge? are common place!

Edited May 14, 2021 by Spark268

[Roy]

I'm with you six, but once people held paper backed by gold. And then it wasn't, but people still believed in the paper.

Fiat is backed by nothing. Bitcoin is backed by nothing, yet people believe in it!

I believe in silver. We're going to need to use a hell of a lot of it in the coming decades.

 

[sixgun]

6 minutes ago, Spark268 said:

That's the problem:- the newer generations see no value in it. 

Yep - all by design. i have bought bits of silver for my daughters - they just aren't interested. By the time that generation clocks on to the true value of precious metal it would be too late for most of them - lucky for mine their dad has a big treasure chest. Sadly of course it was all lost in a tragic boating accident and in any case it was going to the dogs' home other than 2 coins over my eyes for the Ferryman. 

Edited May 14, 2021 by sixgun

[Spark268]

agreed - my father also gave me the gift of wisdom about PGM, although it took years for me to act on it 😕

This ties in with education, and the deterioration in family values. It's another topic entirely but very closely linked. 

[SamsonDD]

3 hours ago, sixgun said:

This is why they lie. They lie to make people believe there is plenty of silver, no shortages, no chance of missing out, no chance a manufacturer will run short of supplies.

As long as they can keep enough people on the paper side of silver and away from physical it can and has worked. They can cycle price up and down, smashing price as they like, driving down morale amongst investors. They've done it for years. It all works as long as there is enough physical for those they cannot fob off. Once enough people start taking physical out of their system, once the actual level of actual physical in the inventories get exposed - then there is trouble for the price rigging cabal. The physical market then take over - they lose control b/c no longer do they have physical to dump into the physical market. They lose control over silver and this will spread to gold. 

Well put.

Imagine the scene when manufacturers start trying to buy and it gets harder and harder to 'find' in the vaults.  I ain't selling for 'spot'... all of a sudden they're buying more FOR more and price moves higher and higher.  Silver will be valued differently at that point.

Of course this isn't happening in a vacuum and said cabal are obviously scheming away on a plethora of underhanded plots as we speak so who knows how it ends.  However it ends, I hope jail time is involved.  All we can do is slay this beast immediately in front of us and move on to the next one.

[GoldStandardPartyUK]

If I ran a hypothetical ETF of sea shells, I might have 2500 sea shells in my store, people withdraw a sea shell or two every now and again but mostly it just sits in my store. 

There are millions of sea shells on the sea shore but people look up the value of my ETF to determine the value of a sea shells around the world. That would make me pretty powerful. 

The exact formula I use to calculate the published price of sea shells would be really important, I could select the weighting my formula gives to the sea shell bid/ask prices vs the weight of prices on different futures markets (1 month, 3 month time horizon etc) in calculating the published price. 

The bit I don't understand is why after a while I don't actually need all 2500 sea shells, I could rent out the ones I have? Then bet against the price? That's the part I haven't figured out yet.

I suppose if too many people withdraw the sea shells from my store I just change rules to say only 1 shell per person.

[greendragon]

29 minutes ago, GoldStandardPartyUK said:

I suppose if too many people withdraw the sea shells from my store I just change rules to say only 1 shell per person.

this has happened in the past with gold.

the powers that be have outlawed holding gold for the common person

not sure it would or could happen for silver

[HerefordBullyun]

1 hour ago, greendragon said:

this has happened in the past with gold.

the powers that be have outlawed holding gold for the common person

not sure it would or could happen for silver

I suspect that test IS the the measure on the TRUE amount of gold that the bank of england holds. And I think youll find WHAT they hold isnt a lot thats actually thiers as in the UK's - and Broon the fool sold all ours off. But they do hold MANY other countries like Venuzula - whom they are refusing to send back, i wonder why? like they do with FIAT when there are crashes or banks restrict you from withdrawing vast amounts. Look what happened in the crash of 2008 and in cyprus you could only withdraw 60 cypriot pounds a day!

And IF its proved true that the BoE dont hold much gold thats owned by UK regardless of wether its thiers or not they WILL come after SILVER!

Edited May 14, 2021 by HerefordBullyun

[GoldenGriffin]

It's in a countries interest to hold as much gold as any other country.  The one who holds the most, is the one who is in charge (or will be in charge when a monetary reset occurs).

As a country you would want to be as close to the top of the list as possible.

Edited May 15, 2021 by GoldenGriffin
.

[CollectorNo1]

I think there are more Gold Chocolate bars in the BOE  gift shop that actual gold in their vaults...!!🤔🤔

[OldCoin]

I got a email this morning form John Adam's, his latest newsletter. Some of you may have this info but for those who don't I felt it was a compelling update on the ETF/Perth Mint/Kitco basically the Silver Market manipulators are going after Adams legally but he's upping the ante. John has done a wonderful job defending the rights of investors in exposing the fraud's going on and the responsible parties, as has many others. I believe he deserves our support for the effort. Enjoy

Can't see this message? View in a browser

John Adams takes on the International Silver Cabal! Dear all, It has been a crazy 2 weeks as I have had to deal with a legal “Cease and Desist Notice” (C+D Notice) which was issued by law firm Dentons Australia Limited on behalf of their client Kitco Metals Incorporated (Kitco). In the past 2 months, I have been on a global campaign calling out the risks of synthetic silver products (i.e. unallocated, pool allocated and exchange traded funds (ETFs)) to retail investors, especially in the instance where these products are not backed 100% with the requisite physical silver. This circumstance is referred to as ‘fractional reserve’. This campaign has resulted in me butting heads with numerous organisations who have been known to have had questionable practices. This campaign commenced in early March 2021 with my commentary about the Perth Mint based on real time information from Australian Perth Mint customers, but did not purely rest there. Numerous organisations from both within Australia and overseas were included in my public remarks especially via twitter. Of all the people in the world who could have been targeted by Kitco, I found it truly stunning that they would come after me, an Australian, when there are plenty of Americans and Canadians who could also have be targeted as well given that they have said similar things to what I have said on twitter. For those who are unaware, on 29 April 2021 I received a C+D Notice which contained a list of demands from Kitco that required compliance within 24 hours otherwise they would take me straight to court seeking compensation for the ‘irreparable damage’ that I caused them. Rather than submit to such intimidation tactics, I decided to push back. Interestingly enough, the past 2 weeks have resulted in a series of twists and turns which has yet to result in litigation in court, however, the risk of this occurring has not subsided. These twists and turns include being hit by Dentons (supposedly the largest law firm in the world) with a "copyright infringement notice" for publishing the original C+D Notice on Twitter. Nevertheless, my fight against the silver cabal – those actively involved in suppressing the silver price through an international pricing system which involves, at the retail level, diverting demand away from physical silver through synthetic silver products – continues unabated. John Adams Legal Defence Fund To be honest, I don’t know where this legal action is headed, but in order to give me enough flexibility to take on Kitco and now Dentons, I thought I would set up a legal defence fund last week that would give me more legal options come what may. I have been overwhelmed with the amount of love and support I have received from all over the world. This has been more than what I could have ever imagined. Contributions have come in from Australia, America, Canada, the United Kingdom, Germany, France, among other countries. The faith and support which has been shown in me has renewed my sense of purpose in why I continue to do what I do. It has also crystalised the sense of responsibility that I carry in fighting to find and expose the truth (in both economic and political matters) and seek to help as many people navigate current and future turbulent conditions. For those who want to either look at, or contribute to, the John Adams Legal Defence Fund, you can do so via the following link: https://www.gofundme.com/manage/john-adams-legal-defence-fund Australia's Federal Budget The other critically important news of the past few days has been the Federal Budget here in Australia. Given that my laptop spent 2.5 days in the computer repair shop this week, I have only been having a critical look at the Federal Government’s official budget papers for the past 48 hours. The scale of the economic and financial horror that the Morrison Government has unleashed on the Australian people is truly horrifying. Much of this has been lost on the general public given that the mainstream media and ‘cash for comment’ economists refuse to fully explain the scale of the outrageous spending, the mounting debt and deficits as well as the economic and societal ramifications. For those interested in my considered views, I will be publishing a new article on my website in the coming days and I will also be recording a new show with Martin North in our channel, "In the Interests of the People". Seminar in Newcastle (NSW) – 19 May 2021 I am happy to announce that I will be hosting my second seminar for 2021 on 19 May 2021 which follows-up from my seminar from last month in Adelaide. This upcoming event will be in Newcastle, NSW and I will be breaking down the debt nightmare which Australia is currently digging itself into. Those politicians in Canberra are racking up debt with reckless abandon. Restraint and prudence have been thrown out the window. The situation for Australia does look grim indeed and the consequences for not only ourselves but also for our children and grandchildren are horrifying. For those interested in coming along and listening to my thoughts on the economy and what the future holds for Australia, you can register for the event through the following link: The Australian Debt Nightmare - Say Goodbye To Your True Blue Childhood Tickets, Wed 19/05/2021 at 6:30 pm | Eventbrite One on One Session with John Adams in Newcastle One of the new innovations that As Good As Gold Australia (AGAGA) and I have launched this year is a series of one day ‘economic clinics’. In these clinics, clients and prospective clients are able to meet with me for free one-on-one sessions which run for 30 to 60 minutes (depending on demand) where they have the opportunity to ask me any question you like about economics, finance, precious metals and even politics. So far, I ran two successful economic clinics in March and April this year both of them in Adelaide at AGAGA’s corporate head office. Given this success, I am pleased to inform you that I have made myself available to be at a corporate office in the Newcastle CBD on Thursday, 20 May 2021 for our next economic clinic. This will be the following day after the seminar on the evening of 19 May 2021 as mentioned above. If you are considering purchases of precious metals and would like to ask clarify any outstanding questions or concerns, this would be a good opportunity to do so. All you have to do is to e-mail me at john@asgoodasgoldaustralia.com and request a session and I will try to fit you in. Australian Border Force I would like to mention an important story relating to the bullion industry. In the past month, the Australian Border Force (i.e. Australia’s customs service) has made importing physical gold & silver extremely difficult over fears of tax evasion scams. Multiple Australian refiners & bullion dealerships have been impacted by major delays. These delays have been frustrating for the industry given the lack of communication and transparency by the Australian Border Force. Constant promises of completing their regulatory process have been broken which means that scheduled releases of physical gold and silver from Australian ports have been delayed resulting in refiners and bullion dealerships unable to manufacture and deliver physical gold and silver products to the Australian retail bullion market in an adequate timeframe. These delays have impacted bullion dealerships such as As Good As Gold Australia. For some of our clients, this has been a very frustrating experience, but I appreciate those who have shown tremendous patience during this situation. Fortunately, it appears that some breakthroughs have been achieved in the past 7 days which will assist in meeting the demand of the Australian retail bullion market. If anyone has any questions or concerns about the physical gold and silver supply chain and how this impacts the Australian retail bullion market, please feel free to contact me at john@adamseconomics.com. How to Follow Me? If you haven’t yet, please feel free to follow my work either through subscribing to the ‘In the Interests of the People’ channel on YouTube or by following me on Twitter, LinkedIn or Facebook (I have a dedicated Adams Economics Facebook page). I often post on social media multiple times a day where I post key updates or my thoughts on breaking events. With regards to YouTube, if you wish to receive notifications of when Martin and I post a new show, make sure you following two step process: click on the bell which can be found near the notification button ensure that your YouTube settings have been enabled so that you can receive notifications. so that your smart phone will alert you to when a new post has been published. Also, given the intense level of censorship which is now taking place on social media, I have a dedicated “Adamseconomics” group on telegram which has attracted more than 3,700 followers so far. If you are currently on Telegram and would like to join, feel free to join up on the group through the following link: https://t.me/AdamsEconomics Goodbye for Now This is all from me for now. If you would like to reach out and ask any questions free feel to e-mail me at john@adamseconomics.com. Keep well and stay safe. I look forward to connecting with you soon. Cheers, John Adams

Edited May 14, 2021 by OldCoin

[OldCoin]

[Bigmarc]

On 14/05/2021 at 21:31, OldCoin said:

These delays have impacted bullion dealerships such as As Good As Gold Australia. For some of our clients, this has been a very frustrating experience, but I appreciate those who have shown tremendous patience during this situation

Please don't dive any money to this. It's a big con. The company that John Adams works for, are selling gold an silver that they don't have. This man is very clever in how he puts his message across. 

[Stacktastic]

Just opened an initial position in Fresnillio timed the bottom of the dump
quite well as it included the spread so never actually hit my buy in line.

I shall add to it and hold if it dopes not go over 15%. 
Its gone up 2% whilst writing this, but i dont hold any expectations of it carrying on LOL. 
Shame I have only bought 50 shares, that would be one hell of a snipe trade with 1000 shares. 

Flipping with I had held GATO now!!! its gone up 9% today already. 

Edit: 3% up & I extracted a huge £20  LOL.
Pays for my eggs benedict breakfast this morning inside a cafe!
I can see a better buy in point for longer term holds in a few weeks. 
I was surprised to see it not sell off. 
obviously traders expect a big jump up tomorrow morning. 

Watching GATO and LOAD for some profit taking. 
I will add a grand into both. 
LOAD (Comstock) is preferable as the share price is half. 
Rather hold GATO though long term. 

Hecla has also done very well as I expertly predicted LOL. 
I dotty like where the price has come from though. 
Same with Comstock as the share price was in the £1 range not long ago!!
Probably stop it tight. 


 

Edited May 17, 2021 by Stacktastic

[HerefordBullyun]

IF we can hold above week close above 28$ then we are definatyely at the races!

[sixgun]

11 hours ago, Bigmarc said:

Please don't dive any money to this. It's a big con. The company that John Adams works for, are selling gold an silver that they don't have. This man is very clever in how he puts his message across. 

Where did you hear this?