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 Replies: 48 / Views: 3,232 |
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Bedrock of the Community
United States
36724 Posts |
Quote:
But, the failure—whether through planning or negligence—does make for a good excuse. One that few people believe now. They are short about 600 million ounces for December delivery, with Shanghai Metals Exchange and LBMA vaults almost empty. Where will they get the metal? |
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Moderator
 United States
188105 Posts |
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Where will they get the metal? Promises can only go so far.  A brief dip below $58 and hovering along the line again. We will have to wait for $60.  |
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Bedrock of the Community
United States
25093 Posts |
Inordinately fascinated by bits of metal with strange markings and figures
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Bedrock of the Community
United States
36724 Posts |
They have been pulling games since the Hunt Brothers. I would not be surprised by anything they do now. They are fighting for their financial lives because the paper game is over.
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Moderator
United States
188105 Posts |
The chicken has come home to roost.  |
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Pillar of the Community
 United States
6495 Posts |
Quote:
The chicken has come home to roost roast. Fixed that for ya. Mainstream media channels beginning to talk about silver now. Even the grandmas and pop-pops at Thanksgiving were talking about it. It feels very bubbly. I watched a CNBC clip today where they claimed that a great harvest in India propelled the silver price higher. That reminds me of a podcast I watched a couple decades ago, where a hedge fund guy talked about how the media tries to narrate the world events of the day onto market moves. I agree with what you guys said above, rapid market moves in commodoties markets, absent any clear driving events, seems much more like a short squeeze or contracts trading among big players. Maybe the chickens aren't roosting or roasting. Perhaps a grand game of Chicken is being played out in real time. Exciting days! |
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Moderator
United States
188105 Posts |
Quote:Fixed that for ya. You picked up what I was putting down.  Quote:
Perhaps a grand game of Chicken is being played out in real time |
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Bedrock of the Community
United States
36724 Posts |
$50 seems so long ago now.
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Moderator
United States
188105 Posts |
Indeed. $70 is starting to fee distant as well.  |
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Valued Member
United States
61 Posts |
I never thought I'd say this, but I'm beginning to wish I bought at $80
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Moderator
United States
188105 Posts |
I do, too. At least all the "overpriced" silver I bought from the Mint in the last ten years is looking good.  |
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Pillar of the Community
United States
5849 Posts |
Quote:
At least all the "overpriced" silver I bought from the Mint in the last ten years is looking good. Speaking of which, this stupid thing is now finally officially worth what I originally paid for it after 13 years:    Not quite the investment I had in mind when I bought it, but still... |
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Moderator
United States
188105 Posts |
Quote:
Speaking of which, this stupid thing is now finally officially worth what I originally paid for it after 13 years:  Looking at my spreadsheets, every bit I silver I have ever bought from the Mint is now worth more than what I paid (not accounting for inflation). |
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Bedrock of the Community
United States
25093 Posts |
Quote:
every bit I silver I have ever bought from the Mint is now worth more than what I paid I feel a little bit better about paying those inflated prices now! Inordinately fascinated by bits of metal with strange markings and figures
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Moderator
United States
188105 Posts |
Death inflation comes for us all.  |
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Replies: 48 / Views: 3,232 |
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Posted 12/01/2025 3:08 pm
