Silver About to Explode

originally posted by: RickyD
a reply to: projectvxn

Do you think all these media outlets would be promoting this lock step if it was possible? Do you think CNBC and CNN are on the side of the little guy...or want to see a market collapse? How's that for logic...

No, they don't want a total collapse - just enough to support their coming call for total, draconian controls placed on the markets locking the little guys out. You'll then be forced to go through one of the 3 or 4 approved sellers, who will have iron fisted control over what you can or cannot do and when you can or cannot do it.

a reply to: Dutchowl

Physical silver is what I'm talking about. Please reread.

The MSM seems to want everyone to buy SLV instead which is an ETF.

originally posted by: wheresthebody
a reply to: Dutchowl

it was a distraction for the weekend, fueled by mass media hype, its back to its friday value

You know it. They needed to put the brakes on this and show market stability.
This thing is like a ferry with inadequate ballast,
where everyone goes to one side, in their car.

Despite Big Ethel’s drug induced feelings of having influence,
and he does have influence, they have the goods on him.
Grime-mee. He’s got fingers in everything, trafficking,
smack, the best acid and coke. Euphoria on tap, the soul
lost, wheeee. But hey...Look at my diamond ring!

They told him to stand the f down, or else.
It will be a while until he tweets out another quick pick.

The entire market was on the cusp of a crash.
Today it is up some 500 but
The only things showing gains
on my crawl are the ETFs that Biden bumped, on cue.
Tesla. EV stuff. I won’t touch these. Electric cars suck,
bad for the environment too.
All the WSB selections have been ripped almost in half.
That’ll teach ‘em.

# 1351

a reply to: projectvxn

Well that was a pretty lame pump and dump.

a reply to: Ringsofsaturn777

Indeed.

Shot up 10% and then tanked.

Silver is massively leveraged through billions in paper derivatives.

I started noticing something was off when the price of physical went up while SLV and mining stocks remained flat.

Derivatives should have dipped. They did not.

thats the whole point of buying physical silver. Prove the market is rigged. When the price rigging breaks it sky rockets.

I still think we are in the very beginning of a revolution where we decide to vote with our money.

a reply to: projectvxn


We have to remember that this is still the "Petro Dollar" the first thing that the oil-producing states do when they get it is exchange the dollars for gold. They don't trust fiat currencies any more than anyone else. Hence where the dollar goes so does the price of oil and gold, that's why the control of the PM's is strategic, its an iron fist job. Even in the face of the reality of falling supplies, wherein a sane world the price would go up to compensate, this is not being allowed simply because of the strategic importance of the metals. It's still all about oil.

a reply to: projectvxn

This is a coordinated attack on the deep state financial institutions. It not just a group of redditors.

a reply to: projectvxn

"Shot up 10% and then tanked."

The gold and silver markets are controlled with paper certificates. The banks use high frequency trades after hours to control the price of both Gold and Silver by selling directly to one another. When the physical gets tight all they have to do is dump the price, people panic, and sell. If price goes up, be fully aware, that its only going up, because the banks want it so.

You cannot beat the casino owners by playing in their rigged casino. That is the reason why bitcoin has been so successful.

a reply to: glend

Agreed, especially on Bitcoin.

I'm invested heavily in crypto and DeFi so the value there isn't lost on me.

Cheaper gas prices and the higher silver price. But the physical removal and mining is expensive.

At the prices now , still not worth it.

a reply to: Bloodworth

What's really going on with Silver, and why does the COMEX keep bashing the spot price down? Due to unprecedented demand, the weekend demand has basically cleaned the dealers out of stock, the problem is the suppliers of the Dealers haven't got any to supply them with. If physical demand keeps going up, there will not be enough of the metal for industrial purposes, cell phones computers circuit boards, etc. So why does the spot price keep getting bashed by the shorts, I think the answer could be as simple as the petrodollar being exchanged for gold and if silver goes up the price of gold goes down, and as the Arabs are gold bugs at the moment they would end up with massive losses as exchanging fiat for a hard asset is the only thing that turns them on.