Silver 😎
(media.greatawakening.win)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (19)
sorted by:
The bad guys still have control but they look like they are losing it rapidly. A very smart analyst stated years ago (can't remember his name, just the statement) that just before the bad guys lose control you will see wild swings in the prices. I've followed this sector for 22 years, the swings are more frequent and pronounced lately. It seems to be what would be happening if they were losing control, but it's certainly not a given. Once we break 35 or 36, then I think we'll be in the zone for a big pop. The shorts are either covering or going to go bust soon. Shanghai is showing signs of taking control of this market, it could put the COMEX out of business if it keeps up. Very interesting times!
100%. It has been happening for several months. The shorts hammer it down during the COMEX and GLOBEX hours then the Asian markets bring it right back up. Its a beautiful thing to watch. The shorts have got to be pissing their pants. To my knowledge we have no way of knowing their actual positions considering a lot of them are rolled into "CDO" type derivatives. Someone sold the short positions. If those derivatives are like equity derivatives, there is maintainance fees when the shit is underwater. At $31.50, they almost all have to be bleeding maintainence costs. Have to be. If we get to 35 .... OH BOY. Thats a fucking shitload. People gotta remember, every ONE paper silver contract is for 5000oz of physical. So when open interest is 100,000 contracts for JUST JUNE ... that equals 500,000,000oz of physical. Imagine being underwater just 10% of that as a short position. Each $1 move up = $50,000,000. Thats just one contract month. Damn. You know damn good and well some poor bastards shorted at 26-27 thinking they were gonna kill it. Weekly fees on that is gonna wreck their shit. Good.
👆🏻👆🏻👆🏻 More need to read and understand this.
Thanks for a great post. People need to understand HOW they're manipulating silver with paper...hint: there's WAY more paper "IOUs" than physical silver to back them up. Sound familiar?
The bittersweet reality is though... these fuckers will go bust, and the aholes in Congress (that word essentially means fucking, BTW), will just bail them out with OUR money. Sure is easy to spend other people's money when there's no consequences, isn't it? 🤔