Go look at the Spot price 3 minute chart. They suspended trading TWICE for a few minutes. The first halt opened back up with massive drop. Remember when a few brokerage houses fucked with GME BID/ASK book and shut off the buy side?
I picked up a good amount over the summer. Been short on dry powder since we crossed $38 spot. This would be a good dip to buy imo if you have the powder.
Looks like November I'll get a very nice powder reload finally. Right now I'm 50/50 on buying some beef cows to raise or Silver. Going to depend on if silver blew past $50 by then or not.
Exactly how they do it. They take out puts or are already short. Then flood the market with paper, driving the price down and the price of the puts through the roof, then rebuy the paper shares lower turning their loss into a profit.
Something like 50% of the annual production of silver has been dumped on the market twice in the past week. It's only resulted in a 2% pull back.
Absolutely , the whales are trying to get out from underneath it ( paper contracts) by shorting it and dumping as much paper as possible and buying it back cheaper.
At some point many someones are going to be holding the bag.
However you feel about Phil G, he said many months ago that every dollar that silver goes up, BoA loses millions because of their silver-on-paper practice. Entities like that are the ones trying to keep it down.
Silver has a nice looking 30 year graph, but no way in hell will I FOMO it at the peak. Sad to say, but a significant majority of inevstors do that ... in everything. I'll glady wait for a retest of $23-$28 and should it relax there for a few months, yes.
I don't see us at 23-28 ever again. I haven't bought actual silver myself since it was 25,and I bought lots of it. I've been buying miners and PSLV things I can dump fast if I want to. I belive we will go a lot higher. Last time it hit 50 it was shorts covering it spiked up and down pretty fast. This has been slowly building since Trump took office. When you look at the recent tamps,they haven't been effective. Two years ago,it was different.
That's perma-bull FOMO stuff there. Stay away from that thinking ... at all times ... in everything. Is it possible to never see 55% current price? Sure, but is it probable? Hell, yes. Remember to never gamble and always use probability with knowledgeable T/A.
I wouldn't hold my breath for half current price again. From what I've seen for silver price speculation, from mild up around a few hundred an OZ, to wild up around gold prices and beyond.
$50 - 60 is a bargain if it goes even to $100.
Not financial advice, as I only watch others that know more than me. I've only gotten into silver in the last few years.
Totally feel ya on not FOMOing at the peak, that's exactly how I got my first share of GME...
https://www.reddit.com/r/Wallstreetsilver/comments/1o2dq2q/at_50oz_banksters_freak_out_massive_massive/
Massive pushback at 51 today. Not totally unenexpected.
I went almost full retard,buying the dip.
There is no dip, there is only Up.
Banana?
Such a good boy!
Thinking of doing a hero's dose myself...
u/#catdance
Interesting and entertaining channel... People buying and selling in a shop in NH:
https://www.youtube.com/@YankeeStacking/videos
Been watching Yankee off and on for years.
You only live once.
Wait... weren't you here last lifetime saying the same thing?
u/#popcornrabbit
Yep.
Can't fight the matrix.
Go look at the Spot price 3 minute chart. They suspended trading TWICE for a few minutes. The first halt opened back up with massive drop. Remember when a few brokerage houses fucked with GME BID/ASK book and shut off the buy side?
Guess what ...
Go look at the 2 min chart. Its there. Look at the Volume. You will see it at 9:15 and 11:20.
Their are trading halts after it moves so much i forget exactly.
We are coming back strong.
I picked up a good amount over the summer. Been short on dry powder since we crossed $38 spot. This would be a good dip to buy imo if you have the powder.
Looks like November I'll get a very nice powder reload finally. Right now I'm 50/50 on buying some beef cows to raise or Silver. Going to depend on if silver blew past $50 by then or not.
Silver is op over $50 now, twice in the last day.
This is where one of the battles is being fought fiercely, suttle but with big impacts.
How is it possible to dump 45% of yearly production onto the open market???
Manipulation to awaken the people.
...and that's right on the heels (last Thursday) of dumping 235M ounces, or 1/4 of annual output in just a few hours.
How many times can they do that?
Too incredible to believe but true. At some point they will run out of physical and then it's really on. Unsustainable at this point.
Fargin' ice holes!
They just sell paper,hoping to buy it back cheaper.
People are taking delivery of their metal now,their is massive backwardation in the silver market.
Exactly how they do it. They take out puts or are already short. Then flood the market with paper, driving the price down and the price of the puts through the roof, then rebuy the paper shares lower turning their loss into a profit.
Something like 50% of the annual production of silver has been dumped on the market twice in the past week. It's only resulted in a 2% pull back.
In the old days,they would have slammed it several dollers and it ould have stayed down.
For Silver to move up and down this fast, something has to be going on behind the scenes.
They are in panic mode. Their were videos posted here a few days ago,speculating that this is an attack on the London bullion banks.
Yup, it's wait and see for the other shoe to drop.
I'm waiting for the Asian market to put a boot up their ass.
49.65 their dip is disappearing.
The u.s. dollar is on life support.
So are they just bouncing it around between themselves?
Otherwise I'd wonder who's buying...
Retail is not moving it much.....
FOMO will kick in soon,I'm seeing people at work,who are buying in.
People love 50 doller silver a lot more than 20 doller silver.....
Yeah, and I'm certainly not helping retail, haven't bought silver in two years.
I love seeing my $20 something silver at $50!
I've been trying to get folk to buy in, but def ears fren.
I've been telling everyone at work when it gos up a doller for months....
Fun times.
We are back to 49.50
Now that one I haven't, but I've highly enjoyed watching it do so!
Correction, now we are back to $50 plus and looking like we might see $51!
I've heard a number of folk on shows say once it breaks $50, it'll BREAK $50!
silverprice.org showing $50.72, +$2.11 +4.34% as I'm replying.
Subtle
👍 thnx
Some of that has to be paper contracts. Lot's of high priced games going on right now.
Absolutely , the whales are trying to get out from underneath it ( paper contracts) by shorting it and dumping as much paper as possible and buying it back cheaper.
At some point many someones are going to be holding the bag.
Physical silver is King.
And the whales are paying up to 9% premium on their paper.
Chokepoint incoming.
And all the way back to the Vikings.
Absolutely Pb, this is where it begins before it goes Kinetic. I hope it doesn't.
Buckle up. It's my understanding that it will hit the LBMA the hardest,they are almost burnt of shiny.
We are back up to 49.20
Has to be paper silver. Maybe the Fed took it over, they seem well seasoned in printing things with no value lol
There are people desperately trying to hold the silver price down. They will fail.
There has been a shortfall in production vs. demand for like 6 years running now. And industrial use is growing and will continue to grow.
And all that before regular people start stacking silver.
Of course they will fail
However you feel about Phil G, he said many months ago that every dollar that silver goes up, BoA loses millions because of their silver-on-paper practice. Entities like that are the ones trying to keep it down.
I hope there is a pullback, I Want to stock up.Also gold up for 8 straight weeks.Global fiat doing a Turkish Lira?
We're in unprecedented times, I wouldn't expect a pullback or at least nothing major. Maybe a dollar or two.
I'm thinking global fiat goes kaput. It has to, fiat can't exist in any country for all the countries to truly heal.
Do you think the good guys will let our fiat bank accounts just disappear? I hope not. I have alot of silver but also alot of digital fiat.
Silver has a nice looking 30 year graph, but no way in hell will I FOMO it at the peak. Sad to say, but a significant majority of inevstors do that ... in everything. I'll glady wait for a retest of $23-$28 and should it relax there for a few months, yes.
I don't see us at 23-28 ever again. I haven't bought actual silver myself since it was 25,and I bought lots of it. I've been buying miners and PSLV things I can dump fast if I want to. I belive we will go a lot higher. Last time it hit 50 it was shorts covering it spiked up and down pretty fast. This has been slowly building since Trump took office. When you look at the recent tamps,they haven't been effective. Two years ago,it was different.
I've been wrong before,do what you think is best.
That's perma-bull FOMO stuff there. Stay away from that thinking ... at all times ... in everything. Is it possible to never see 55% current price? Sure, but is it probable? Hell, yes. Remember to never gamble and always use probability with knowledgeable T/A.
I wouldn't hold my breath for half current price again. From what I've seen for silver price speculation, from mild up around a few hundred an OZ, to wild up around gold prices and beyond.
$50 - 60 is a bargain if it goes even to $100.
Not financial advice, as I only watch others that know more than me. I've only gotten into silver in the last few years.
Totally feel ya on not FOMOing at the peak, that's exactly how I got my first share of GME...
See above comment and NEVER be emotional in trading.
Wait wait wait , buy buy buy
$51.01!!!
https://www.youtube.com/watch?v=h4NifjBysdY
Ahh, I was wondering what happened, it broke $50 this AM.
Wouldn't be surprised if it doesn't end up at/over $50 at close tomorrow.
What fricking market does it follow anyway?
Good, o buy it every week still.