Who actually thinks the price of silver will rise?

[HawkHybrid]

37 minutes ago, GenX said:

Probably but remember Northern Rock crises. When people feel that their money / gold / silver et al is at risk they may want to get hold of it. 

 

 

 

traders who go long on paper silver almost always expect to be paid in currency.

if they wanted the physical silver they would pay for physical silver to be delivered.

hoping for a paper silver contract to pay out in physical silver when the expiry date

comes has extremely poor odds.(why would a paper contract choose to pay out in

physical during a crisis?)

 

if you think of holders of paper contracts as middle men, they only want to be paid

the difference between their buying price and selling price. potentially taking delivery

and then selling on 1,000's of toz of silver is not as elegant as clicking a button.

 

HH

Edited June 12, 2021 by HawkHybrid

[sixgun]

17 minutes ago, HawkHybrid said:

 

traders who go long on paper silver almost always expect to be paid in currency. if they wanted the physical silver they would pay for physical silver to be delivered.

hoping for a paper silver contract to pay out in physical silver when the expiry date comes has extremely poor odds.(why would a paper contract choose to pay out in physical during a crisis?)

 

HH

Paper traders are betting on a 'horse race'. And that is the issue, this isn't trading in physical silver, it is bets on what the price of physical silver will be. i have nothing against people betting on 'horse races' but what is the issue is that those betting on the horse race are determining the result.

[HawkHybrid]

44 minutes ago, sixgun said:

Paper traders are betting on a 'horse race'. And that is the issue, this isn't trading in physical silver, it is bets on what the price of physical silver will be. i have nothing against people betting on 'horse races' but what is the issue is that those betting on the horse race are determining the result.

 

there is a lot more to the end of that story.

there are 2 parties to every contract. if the miners/suppliers don't agree to the price of their

futures contracts there won't be a trade. the miners are agreeing that the price on the contract

is an acceptable price for the date and quantity shown.

miners will have the supply to back up all of their futures contracts.

traders are middle men, they don't make up the rules.

 

silver is still at a price that is profitable for the miners and affordable for the buyers. demand and

supply.

 

HH

Edited June 12, 2021 by HawkHybrid

[sixgun]

@HawkHybrid Indeed there is a lot, lot more to the end of that story.

i hear that Macron this week is noted to '...Urges G-7 To Sell Gold Reserves To Fund Bailout For Africa'
Why doesn't he get the ECB to create a few €billion for the alleged bailout rather than selling gold?
Surely he isn't interfering in price discovery. He should have a chat with One Eyed Gordon with a brown bottom about dumping gold on the market and how it doesn't work unless the intention is to bail out criminal banks like Goldman Sachs.

i read that a famous billionaire 'trader' was reported this week that Markets participants will continue to ignore risks “until the Fed stops canceling market signals,” hedge fund pioneer Stanley Druckenmiller wrote Thursday.

What is Stan the Man saying here? Surely he isn't inferring that the powers that should not be are interfering with price discovery. That there is no price discovery. We remember Richard Nixon took the USD off the gold standard and shortly after the COMEX paper casino was started. Wikileaks disclosed documents that proved the intention was to keep Americans from hording gold. Feed the masses with paper promises. Paper is cheap.

Bill and Ben don't make the rules, that is left to the so called authorities who act on the instructions of the likes of the BoE, the Fed and above all the ESF. This is not a free market - it is a rigged system. 

 

[HawkHybrid]

2 hours ago, sixgun said:

@HawkHybrid Indeed there is a lot, lot more to the end of that story.

i hear that Macron this week is noted to '...Urges G-7 To Sell Gold Reserves To Fund Bailout For Africa'
Why doesn't he get the ECB to create a few €billion for the alleged bailout rather than selling gold?
Surely he isn't interfering in price discovery. He should have a chat with One Eyed Gordon with a brown bottom about dumping gold on the market and how it doesn't work unless the intention is to bail out criminal banks like Goldman Sachs.

i read that a famous billionaire 'trader' was reported this week that Markets participants will continue to ignore risks “until the Fed stops canceling market signals,” hedge fund pioneer Stanley Druckenmiller wrote Thursday.

What is Stan the Man saying here? Surely he isn't inferring that the powers that should not be are interfering with price discovery. That there is no price discovery. We remember Richard Nixon took the USD off the gold standard and shortly after the COMEX paper casino was started. Wikileaks disclosed documents that proved the intention was to keep Americans from hording gold. Feed the masses with paper promises. Paper is cheap.

Bill and Ben don't make the rules, that is left to the so called authorities who act on the instructions of the likes of the BoE, the Fed and above all the ESF. This is not a free market - it is a rigged system. 

 

 

all that has nothing to do with the price and supply/demand of silver/gold on the futures market.

only those who join in on the price discovery, (buy or sell) need to be counted.

everyone else can keep on talking. until the price actually moves, it's all speculation.

 

bottom line is 

2 hours ago, HawkHybrid said:

silver is still at a price that is profitable for the miners and affordable for the buyers. demand and

supply.

how is the above not a free market?

 

HH

[sixgun]

6 hours ago, HawkHybrid said:

 

 This is one of the reasons i put you on ignore. i wasted so much time trying to point out the market manipulation. So many times pointing out banks creating currency out of thin air and silver out of thin air is a swindle - but you would never have it so i gave up.

This is the point of #silversqueeze. It is taking physical silver out of the system. The Sprott PSLV for example is being heavily supported by Wall Street Silver - they are taking many millions of ounces out of the system and paying a premium to do so. This is causing the 500:1 paper to physical circus at the LBMA to unwind. It will cause the Ponzi scheme to collapse. It will eventually do that because this is relentless - Wall Street Silver now has 112k members and constantly growing. Kinesis is growing. There are more and more putting their shoulder to the wheel and we will push this monstrosity over the cliff.

You no doubt will say it is the market in action and for once you will be correct. 

Edited June 12, 2021 by sixgun

[TommyTwoShots]

How’s the silver squeeze going, are we at liftoff yet or around the same price we were in Feb?

[HawkHybrid]

1 minute ago, sixgun said:

 This is one of the reasons i put you on ignore. i wasted so many times trying to point out the market manipulation. So many time pointing out banks creating currency out of thin air and silver out of thin air is a swindle - but you would never have it so i gave up.

This is the point of #silversqueeze. It is taking physical silver out of the system. The Sprott PSLV for example is being heavily supported by Wall Street Silver - they are taking many millions of ounces out of the system and paying a premium to do so. This is causing the 500:1 paper to physical circus at the LBMA to unwind. It will cause the Ponzi scheme to collapse. It will eventually do that because this is relentless - Wall Street Silver now has 112k members and constantly growing. Kinesis is growing. There are more and more putting their shoulder to the wheel and we will push this monstrosity over the cliff.

You no doubt will say it is the market in action and for once you will be correct. 

 

you still haven't explained why miners agreeing on a price that they can make a profit on

and one that buyers can afford is market manipulation?

 

HH

[GoldenGriffin]

3 hours ago, sixgun said:

I hear that Macron this week is noted to '...Urges G-7 To Sell Gold Reserves To Fund Bailout For Africa'

Apparently, it's really about bailing out the bullion banks again and it's happened before when the UK sold their gold in 1999 and there was a cover up at the time, but subsequently, years later it was due to bailing out the bullion banks.

Bailing out Africa this time around points to a cover up again...

 

 

Edited June 12, 2021 by GoldenGriffin
.

[sixgun]

32 minutes ago, GoldenGriffin said:

Apparently, it's really about bailing out the bullion banks again and it's happened before when the UK sold their gold in 1999 and there was a cover up at the time, but subsequently, years later it was due to bailing out the bullion banks.

Bailing out Africa this time around points to a cover up again...

 

Yes i saw that video of Mario's. Things like this do not happen in HH's world. He should listen and take notice of the pirate more me thinks.

[BYK]

4 hours ago, sixgun said:

@HawkHybrid Indeed there is a lot, lot more to the end of that story.

i hear that Macron this week is noted to '...Urges G-7 To Sell Gold Reserves To Fund Bailout For Africa'
Why doesn't he get the ECB to create a few €billion for the alleged bailout rather than selling gold?
Surely he isn't interfering in price discovery. He should have a chat with One Eyed Gordon with a brown bottom about dumping gold on the market and how it doesn't work unless the intention is to bail out criminal banks like Goldman Sachs.

i read that a famous billionaire 'trader' was reported this week that Markets participants will continue to ignore risks “until the Fed stops canceling market signals,” hedge fund pioneer Stanley Druckenmiller wrote Thursday.

What is Stan the Man saying here? Surely he isn't inferring that the powers that should not be are interfering with price discovery. That there is no price discovery. We remember Richard Nixon took the USD off the gold standard and shortly after the COMEX paper casino was started. Wikileaks disclosed documents that proved the intention was to keep Americans from hording gold. Feed the masses with paper promises. Paper is cheap.

Bill and Ben don't make the rules, that is left to the so called authorities who act on the instructions of the likes of the BoE, the Fed and above all the ESF. This is not a free market - it is a rigged system. 

 

Interesting about the wiki leaks. Do you have a link to the wiki leaks page which confirms what you are saying? 

I know in retrospect that, as you said. They didn't want citizens to hoarde gold. 

 

[sixgun]

 

7 minutes ago, BYK said:

Interesting about the wiki leaks. Do you have a link to the wiki leaks page which confirms what you are saying? 

I know in retrospect that, as you said. They didn't want citizens to hoarde gold. 

 

https://www.tfmetalsreport.com/blog/8075/42-years-fractional-reserve-alchemy

[GoldenGriffin]

26 minutes ago, sixgun said:

Yes i saw that video of Mario's. 

There is a good point that Mario makes, saying they could just print money to bail Africa out, so why give them gold.

Edited June 12, 2021 by GoldenGriffin
.

[sixgun]

1 hour ago, HawkHybrid said:

you still haven't explained why miners agreeing on a price that they can make a profit on and one that buyers can afford is market manipulation?

HH

For years the silver miners were selling their silver at a loss. It is not the buyer's that manipulate the prices. It is the likes of the Exchange Stabilisation Fund and the BIS that instruct trading houses to dump billions of ounces on the market in a matter of minutes. The BIS gold desk runs an options book worth $trillions in OTC derivatives. Just today i heard Maguire comment that as if by magic at the most recent 30th May 2021 OPEX, the gold price got rammed down and at the time was one tick below the $1900 strike price for the BIS options at $1899.95. Can you believe it? i can b/c i have seen it again and again............. and again.

6 minutes ago, GoldenGriffin said:

There is a good point that Mario makes, saying they could just print money to bail Africa out, so why give them gold.

Give them OUR gold.

[HerefordBullyun]

9 minutes ago, GoldenGriffin said:

There is a good point that Mario makes, saying they could just print money to bail Africa out, so why give them gold.

Nigeria ironically following suit with El Slavador on the crypto front!

I wonder how many emails I will get to say that I have inherited 18989133091803928 BTC from a long lost relative who won the lottery!

[sixgun]

 

[BYK]

21 minutes ago, HerefordBullyun said:

Nigeria ironically following suit with El Slavador on the crypto front!

I wonder how many emails I will get to say that I have inherited 18989133091803928 BTC from a long lost relative who won the lottery!

Make sure you reply. I'll be the one sending it! LOL

[HawkHybrid]

18 hours ago, sixgun said:

For years the silver miners were selling their silver at a loss.

 

which major silver mines have been operating at a loss?

for how long have they been unprofitable and by how much per toz?

who is funding all of these unprofitable silver mines?

not exactly a major mine only producing in the lower millions toz(until recently):

hochschilds arcata mine have been profitable for over 50 years only recently halting production

due to it's age that it's mining cost of ~$16-$18 per toz was no longer profitable(2019 evaluation).

 

https://www.silver-phoenix500.com/article/silver-miners’-q1’21-fundamentals

look at the data for the silver miners, aisc is below $20 per toz for all of those that are declaring it.

(~33% declared by volume). an educated guess puts the average aisc at less than $18/toz, if you can't

beat a 50 year old mine that has already exhausted its best high grade spots then you should shut

down the mine.

 

where is your data that silver miners have been selling silver at a loss for years or have you just

heard it from a youtuber?

 

HH

Edited June 13, 2021 by HawkHybrid

[Jiminkent]

My little opinion is that regardless of silver rising or falling, it will always be a better buy than 99% of the pointless things we buy these days.

 

My reason for starting to buy silver was my son being born. Everyone likes to treat themselves every now and again and I used to buy all sorts of gadgets and tech, all of which becomes basically worthless in the long run unless you know what you're looking for. (Nostalgia value)

 

So these days my treat might be a new silver coin or a 1/10th gold, for the inner magpie.I'm fairly certain that no matter what happens these will always hold some value. No-one would ever throw them away, unless they were a complete idiot. 

 

If the price did shoot up in whatever currency area you're in then there are bigger problems on the horizon and you may have enough to buy your way enough travel to get to a safer part of the world. Or you may get shot and have it all stolen.

 

Like many say, it's an insurance policy.

[HerefordBullyun]

Regardless of what people say on here - one thing I will point out. Silver is the most undervalued asset/commodity in the world. Period,

[Coverte]

Sprott PSLV have bought over 50 million ounces in a year, endeavouring to clean out all N American stock of silver 1,000 Oz bars, paying over spot when necessary and are now in process of repeating this in Europe and Singapore.

I don't think Eric Sprott got where he did by being dumb, so his current policies suggest some level of future price increase/s. 

[HerefordBullyun]

1 minute ago, Coverte said:

Sprott PSLV have bought over 50 million ounces in a year, endeavouring to clean out all N American stock of silver 1,000 Oz bars, paying over spot when necessary and are now in process of repeating this in Europe and Singapore.

I don't think Eric Sprott got where he did by being dumb, so his current policies suggest some level of future price increase/s. 

agreed Mr sprott is no mug, but I find it ironic that man who was the otherside of the fence with Meryill lynch during thier scandal, does make me wonder but i do admire his optortunistic side in him.

[HawkHybrid]

1 hour ago, Coverte said:

I don't think Eric Sprott got where he did by being dumb

 

1 hour ago, HerefordBullyun said:

agreed Mr sprott is no mug,

true, he owns a company mining silver, a company that have been profitable selling silver at these

'manipulated' prices. I don't think he's been selling his mined silver at a loss for years.

 

1 hour ago, Coverte said:

Sprott PSLV have bought over 50 million ounces in a year, endeavouring to clean out all N American stock of silver 1,000 Oz bars, paying over spot when necessary and are now in process of repeating this in Europe and Singapore.

it's the etf shareholders that owns that silver, not eric sprott. eric sprott is more than happy for people

buy silver at higher than profitable prices.(because he makes his money selling his mined silver).

 

1 hour ago, HerefordBullyun said:

but I find it ironic that man who was the otherside of the fence with Meryill lynch during thier scandal,

again everyone who has ever shorted silver is the enemy if you make your money selling your own

mined silver.

 

1 hour ago, HerefordBullyun said:

Regardless of what people say on here - one thing I will point out. Silver is the most undervalued asset/commodity in the world. Period,

without any data to back it up, are you just reassuring yourself(confirmation bias) because it doesn't look

like you are prepared to acknowledge data that doesn't confirm your position?

 

What I am saying is that silver is already profitable for silver miners at current prices. Period,

people can always choose to overpay for their silver. but all I see is people pushing others to overpay

for silver.

 

(I don't have anything against eric sprott. I'm just stating that his business is to promote the profitable selling

of his own silver)

 

HH

Edited June 13, 2021 by HawkHybrid

[HerefordBullyun]

@HawkHybrid

https://goldsilver.com/blog/silver-is-still-the-most-undervalued-assetbut-theres-a-time-limit/

Regardless this is from mike malonley charts dont lie.

https://www.cryptovibes.com/blog/2020/04/04/physical-silver-becomes-most-undervalued-asset-gold-and-silver-mines-shut-down/

 

 

Edited June 13, 2021 by HerefordBullyun

[Coverte]

16 minutes ago, HawkHybrid said:

it's the etf shareholders that owns that silver, not eric sprott. eric sprott is more than happy for people

buy silver at higher than profitable prices.(because he makes his money selling his mined silver).

 

HH

It's actually a Trust, making it different to other ETF's in that (for Americans) it has beneficial CGT advantage/s.

I agree Sprott is self serving, as is to some extant Rick Rule, but they have made some very smart decisions and I now enjoy Rule in retirement on youtube, despite his slightly (maybe accidental) smug replies.

Later - I agree with @HerefordBullyun chart above, although I love silver in itself for the great diversity of stunning designs/similar created for it.

Edited June 13, 2021 by Coverte