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Replies: 2,700 / Views: 86,869 |
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Pillar of the Community
United States
2477 Posts |
I'm looking for a bashing right after midnight.
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Pillar of the Community
United States
2477 Posts |
Quote: Normally rate cuts equal more inflation $40B injected into the system-- ie, turning on all of the printers, 24/7-- starting in january ought to ramp up that inflation. I can hardly wait for $40 loaf of bread... but at least we'll have $70 silver.
Edited by MrPink2018 12/10/2025 6:02 pm
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Bedrock of the Community
United States
36782 Posts |
Just checked Kitco, silver at 62.41 in Asia spot market. New high.
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Bedrock of the Community
United States
36782 Posts |
GSR now 68:1 and falling.
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Pillar of the Community
 United States
5855 Posts |
Silver just a smidge under $63!
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Pillar of the Community
 United States
5191 Posts |
Perhaps it is time to post a 24/7 graph of silver on this website. Perhaps link an applet to Kitco.
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Bedrock of the Community
United States
11896 Posts |
Quote: Any good reasons why Silver is going this far up? Last week, the comex had to stop metals trading several times intra-day because they ran out of silver in their vaults. There are several popular silver exchange traded funds that saw an influx of buyers of shares (also known as paper silver). Some of these funds are required to have physical silver on deposit when issuing new shares. The funds went to comex to buy silver for delivery into their accounts to back their etf issuance and emptied out comex's vaults of deposits belonging to any sellers in the market. When there was no silver available on deposit at comex for anyone to buy, trading of comex silver contracts had to be halted. There may be a large number of retail sellers of silver, but comex silver for delivery on their contracts has to meets strict specifications. No silver 1oz Xmas tree bars. Besides, the retail inflow won't make a dent on institutional demand. When institutional paper silver demand dies down, the price will drop. That can happen tomorrow, never or any time between those two points. On top of that, major silver refiners are out of acids they need to take in non-comex compliant silver to turn it into compliant bars. Junk silver is trading at a steep discount because the refiners aren't buying it, as they aren't able to refine it, so dealers won't buy it until the refiners start buying again and dealers can cash out of their purchases. As a result, dealers aren't purchasing non-compliant silver unless it is an obscene discount, up to $10 back of spot. Crazy market out there.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com
Edited by numismatic student 12/11/2025 12:39 am
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Moderator
 United States
188770 Posts |
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Bedrock of the Community
United States
36782 Posts |
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Pillar of the Community
 United States
5855 Posts |
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Pillar of the Community
 United States
5855 Posts |
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Pillar of the Community
 United States
5855 Posts |
And now it's looking to hit $64!
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Moderator
 United States
188770 Posts |
Indeed! Close to $64, high is $63.99! 
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Pillar of the Community
 United States
5855 Posts |
Whoomp, there it is! 
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Bedrock of the Community
United States
36782 Posts |
64.09 on the spot market. 64.29 futures. GSR now down to 66.9:1.
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Replies: 2,700 / Views: 86,869 |